Discussion
Loading...

#Tag

  • About
  • Code of conduct
  • Privacy
  • Users
  • Instances
  • About Bonfire
Information Is Beautiful
@infobeautiful@vis.social  ·  activity timestamp 3 weeks ago

How rich people avoid paying tax

(Originally by Instgram user @newmoney.blog)

This image appears to be a satirical illustration about how wealthy individuals can minimize their tax burden. It depicts a scenario where a CEO receives $1 million in salary and has $1 million worth of company stock. The illustration shows the CEO borrowing money against the value of their stock, spending the borrowed money as if it were income, and then claiming they have no income for tax purposes. The text suggests this strategy allows the CEO to pay significantly less in taxes.
This image appears to be a satirical illustration about how wealthy individuals can minimize their tax burden. It depicts a scenario where a CEO receives $1 million in salary and has $1 million worth of company stock. The illustration shows the CEO borrowing money against the value of their stock, spending the borrowed money as if it were income, and then claiming they have no income for tax purposes. The text suggests this strategy allows the CEO to pay significantly less in taxes.
This image appears to be a satirical illustration about how wealthy individuals can minimize their tax burden. It depicts a scenario where a CEO receives $1 million in salary and has $1 million worth of company stock. The illustration shows the CEO borrowing money against the value of their stock, spending the borrowed money as if it were income, and then claiming they have no income for tax purposes. The text suggests this strategy allows the CEO to pay significantly less in taxes.
Paul Giulan
@pgiulan@federate.social replied  ·  activity timestamp 3 weeks ago
@infobeautiful Ordinary people can do similar things, like taking a 401(k) loan, which is essentially borrowing money from yourself.

#investing #investment

  • Copy link
  • Flag this comment
  • Block
RememberUsAlways
@RememberUsAlways@newsie.social  ·  activity timestamp 3 weeks ago

"Trump's 50% #tariff on #India kicks in as Modi urges self-reliance."
#CNBC
#SquawkBox
#Republicans
#tariffs
#inflation
#recession
https://www.bbc.com/news/articles/c5ykznn158qo

RememberUsAlways
@RememberUsAlways@newsie.social replied  ·  activity timestamp 3 weeks ago

It's very possible #Republicans will send World business to tariffs free #China as a simple solution to Trump #tariffs causing short term #recession as world economic activity shifts away from the #UnitedStates
#tradewar
#premarket
#CNBC
#investing
“We must unite and take a clear stand against unilateralism and protectionism,” Xi said."
https://www.theguardian.com/us-news/2025/aug/27/trumps-tariffs-trade-war

  • Copy link
  • Flag this comment
  • Block
Log in

bonfire.cafe

A space for Bonfire maintainers and contributors to communicate

bonfire.cafe: About · Code of conduct · Privacy · Users · Instances
Bonfire social · 1.0.0-rc.2.21 no JS en
Automatic federation enabled
  • Explore
  • About
  • Members
  • Code of Conduct
Home
Login