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Rich optimize taxes due to many loopholes in tax system using insanely well paid consultants specializing exactly in that. While middle class gives at least 2/3
by lnsru 3y ago
Rich optimize taxes due to many loopholes in tax system using insanely well paid consultants specializing exactly in that. While middle class gives at least 2/3 of the pre-tax money for taxes, so called insurances and weird things like petrol tax in Germany.
- zo1 3y agoI don't want to be snark about it, but why not make a SAAS or product out of such loopholes? Commoditize them, and have economies of scale work. Of course, my first thought as to why that hasn't been possible is because there is a "lower bound" cost to such things that on a meta-level only really works if the rich do it. E.g. the $5k cost and $100k minimum bank balance to have a bank account in tax haven country X, and the $1600 yearly company registration fees to maintain a shell company in country Y.
- lnsru 3y agoI guess client group is rather limited. Salaried employees have to pay taxes. There is no other way. Small businesses can deduct cars and iPhones as expenses and are happy. It gets interesting reaching mid 7 digit revenue zone. But on other hand it is also matter of trust. I have classmates advising about these things, very interesting stuff. Exclusively for real riches.