Comments by "Poisonelle Misty" (@PoisonelleMisty4311) on "Why Wealthy People Pay Less Taxes Legally" video.

  1. Some rich folks invest in tax shelters, which are legal ways to shield their money from taxes. Think of them like those cool tents that keep out the rain—only instead of a weekend camping trip, they’re protecting their dough from Uncle Sam.
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  2. invest in charitable donations
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  3. While most of us are busy earning a paycheck, the rich often invest their money. And guess what? Profits from investments (like stocks) are taxed at a lower rate than your regular ol’ income. It’s like they’re playing a different sport—while we’re in the soccer league, they’re in the tax-friendly olympics!
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  4. they’re playing a game of Monopoly
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  5. investments, like real estate
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  6. Basically, if your money makes money through investing, you might pay a smaller percentage in taxes than if you earn it through a paycheck.
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  7. Many wealthy individuals run businesses, which come with deductible expenses. Things like travel, meals, and home office setups can often be written off when they’re related to the business. This reduces their taxable income significantly, allowing them to keep more of their money.
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