Chapter 1733 (1/2)

In fact, whether the tax for the rich should be levied or not is a topic for many countries in the financial crisis, which are deeply troubled by the deficit.

The tax on the rich was originally designed to reduce the debt deficit. But in fact, even if the ”rich tax” is really implemented, the taxes that may be received are really a drop in the bucket for billions of deficits of countries or states.

The rich tax has been regarded as a policy tool for countries to adjust their income and wealth distribution and solve the gap between the rich and the poor for a long time, so new york state is not the first region to cut the rich.

It's just a question of whether we can pass, even if we pass, and whether we can stick to it.

After all, over the years, there have been not a few countries eager to tax the rich. But there are few countries that do.

The main reason is that too heavy tax will lead to an unstoppable wave of immigration in the rich world. The direct result is the loss of social wealth and the shrinking of tax base. To be honest, the tax on the rich is actually ”drinking poison to quench thirst”. In the long run, it will inevitably have a negative impact on the introduction of external investment and the long-term development of enterprises.

See why so many rich people are running to the UK, you can have a very clear choice of rich people.

However, one thing will not change, that is, the rich will always be the target of Taxation in various countries.

In fact, in Andy's view, it's really not so important to levy taxes on the rich. It doesn't matter who owns the wealth. More efficient use of capital is the key.

Isn't it better for a super rich person to use his or her huge wealth to continuously grow his or her company, create more jobs and make more money?

Especially those rich people who depend on the development of real economy or high-tech are very respectable. As for building houses, ha ha...

Of course, for New York state to levy the tax on the rich, the rich in the United States will not obediently let the hard-earned money go to the U.S. government. The ”old drivers” who have worked hard in the capital market for half a lifetime will not be so stupid, and the tax avoidance methods are endless.

For example, Warren Buffett has told investors in public more than once to select a stock and hold it for a long time. This is not only his investment strategy, but also his tax avoidance method. Buffett paid $1.85 million in federal income tax last year. Some wonder how it is possible for the world's richest people to pay so little tax a year. The secret is to hold shares.

Under U.S. law, holding shares for more than one year, as long as there is no cash out, there is no tax on the investment principal and profits. If the cash is cashed out, the low-income and middle-income people are fully exempt from tax, and the tax rate of the top rich is no more than 20%. Compared with the highest individual income tax of 43.4%, it has more than doubled. Therefore, long-term ticket holding is not only the embodiment of value investment, but also a magic weapon for tax avoidance.

So, Andy spent so much money to sell American stocks this time, not only to sell American stocks, but also to avoid taxes.

Not to mention other charitable donations, offshore companies are the mainstream methods of tax avoidance, and there are various ways of tax avoidance commonly used by rich people.

Of course, there is also a way of tax evasion, that is, misrepresentation of income. Since the IRS only audits 1% of the national tax returns every year, it is likely to succeed in tax evasion. If it is reviewed unfortunately, the worst case is to make up the tax on time. This move, Andy's father-in-law to play the most six, has done so for more than ten years, and can give him at least 50 million dollars a year to avoid taxes.

In fact, the boundary between legal tax evasion and illegal tax evasion is often blurred. American courts or the internal revenue service are very familiar with various tax evasion methods. The wealthiest Americans will avoid tax by various means and never pay full tax seriously.