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> Source for this claim? For example this article: https://www.propublica.org/article/billionaires-net-investment-income-tax https://www.propublica.org/article
by pbasista 10d ago
> Source for this claim?
For example this article: https://www.propublica.org/article/billionaires-net-investment-income-tax https://www.propublica.org/article/billionaires-net-investme...
The specific mechanism may vary by country. It often involves personal service companies through which the people are paid rather than being paid directly as employees. This usually means that they pay significantly less social insurance and health insurance than what they would have paid if they were regular employees.
To clarify, I am using the term taxes in a very generic way where it covers not only the income taxes but also all kinds of fees collectable by the government. Including social insurance and health insurance.