Comment Comment by quickthrower2 TLDR: They avoid it by not realising capital gains and gaining so much wealth through capital gains rather than income.Also, if you are rich you will have less need to sell assets and can hold on to them in perpetuity.IMO: Perhaps a fairer tax system would tax these gains and in turn reduce income tax. That would put more tax on “lazily earned” money. parent quickthrower2 5 years ago
Also, if you are rich you will have less need to sell assets and can hold on to them in perpetuity.
IMO: Perhaps a fairer tax system would tax these gains and in turn reduce income tax. That would put more tax on “lazily earned” money.