How Wealthy Billionaires Avoid Income Taxes! Learn the truth about Wealth Hoarding. Pt 2
This section shows that ultra-high-net-worth individuals (UHNWIs) with investable assets of at least $30 million have seen their equity investments perform exceptionally well during the pandemic. Most UHNWIs derive their wealth from owning and leveraging business interests and, as capitalists, are not subject to income tax unless they sell one of their assets. They can avoid taxation on income by borrowing against their stock portfolios and interests rather than selling their stocks which would generate revenue.
Thanks for watching! Please Like, Comment, or Subscribe for more videos!
This is a Clip from the Vlog "r/IRS Questions," which hopes to provide a steady path of information for the /r/IRS Reddit community and anyone interested in tax compliance. This channel also features the latest Internal Revenue Service news, IRS commentary, and tips from tax expert John R. Dundon.
www.reddit.com/r/IRS
www.JohnRDundon.com
How Wealthy Billionaires Avoid Income Taxes! Learn the truth about Wealth Hoarding.
-
37:17
Digital Social Hour
3 days ago $0.02 earnedThe Real Reason Sneako Was Banned on YouTube | Sneako
39.6K20 -
12:33
Hannah Barron
19 hours agoDay in the Life with Hannah Barron!
27.3K27 -
1:03:23
Polebarngarage
21 hours agoBig Block 4x4 Shorty Van LIVES! The BEAST
32.8K14 -
15:40
Destene and Brandon
20 hours agoTelling our friends and family we're pregnant!! | Destene and Brandon
36.2K15 -
3:29
scoutthedoggie
19 hours agoAirsoft War Games - Defend The Base
27.1K1 -
7:22
Hack
21 hours agoHow to make a mini Gas-jet (up to 1000ºC)
37.9K2 -
6:30
Brad Polumbo
1 day ago"Cleanliness is Right-Wing!": Insane Woke TikTok (reaction)
28K34 -
13:23
Freakin' Reviews
1 day agoLet's Try Amazon's Best Selling JUICER!
28.9K4 -
16:59
Exploring With Nug
1 day ago2 Cars Found While Searching For Missing Man!
28.3K1 -
11:32
JoBlo Horror Originals
1 day agoWhat REALLY Happened To The Entity?
19.1K4