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Not related to the post directly, but for years I’ve read kooks talk about all these ways that rich people avoid paying taxes. And yet none of them talk about
by andrewmcwatters 6y ago
Not related to the post directly, but for years I’ve read kooks talk about all these ways that rich people avoid paying taxes.
And yet none of them talk about the specifics of how they do it. The only exception I can think of is a CEO being paid $1 but compensated almost entirely in stock. Which makes no sense to me, because it sounds like it would violate minimum wage laws.
- thehappypm 6y agoWhen the CEO sells their stock to convert to cash they can actually use to buy things, they pay taxes. Stock isn't some magical way to avoid paying taxes.