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A comment on IRS records reveal how the wealthiest avoid income tax. Parent comment

Re:IRS records reveal how the wealthiest avoid income tax by gambiting on Tuesday June 08, 2021 @08:47AM (#27434424)
OP said:

"Indeed, that's how my own labour income is already taxed. I first pay income tax for 2021 based on my income in 2020"

It sounds like they pre-pay tax for 2021 based on what they paid in 2020. If that's not how it works then I retract my statement.

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Re:IRS records reveal how the wealthiest avoid income tax by bzbarsky on Tuesday June 08, 2021 @09:02AM (#27434584)
That is a thing you can do in the US. It is not a thing you have to do, by any means.
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