Re:Your real tax rate: 40%
by ww520 on Friday September 03, 2010 @01:12AM
(#1658685)
What rich people do to avoid paying income tax is to structure the payment as long term capital gain. Capital gain is taxed at a lower rate than income tax. Of course if you stuff the jet/car/residence/gold-cards as corporate expenses, the capital gain would be lower, too.
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