taxes from their jobs or investments
2006-11-29 03:37:05 · 8 answers · asked by . . 1 in Business & Finance ➔ Investing
The rich stay rich because they think rich. It's all about business ownership. It's not about hushing the government or anything like that, life is a game, and the rich population are the all-stars that know the game like the back of their hand. Rich people create companies and corporations, the government favors persons who own businesses and corporations, these favors can be considered as incentives for supporting American economy. Along with owning companies and corporations, what you spend (whether for personal or business use) can be a tax-write, there are TONS of things you can write off your taxes, like gas usage, new clothes, business meetings, cell phone bills, etc. So for example if the government says you owe them $5,000 but you have a corporation or company under your know, you just write-off everything under the sun, until you owe them very litte if anything at all!!! Also, corporations aren't multi-million dollar infrastructures in Times Square; they are documents (PAPER!!) sitting somewhere in a file cabinet!! Think about it, you can complain, whine, and pay more taxes, or suck it up and start taking steps to own your own corporations and get the benefits that are at your fingertips!!
2006-11-29 03:55:56 · answer #1 · answered by Charles S 2 · 0⤊ 1⤋
They pay accountants who are smarter than them to know all the tax rules. One thing poor people could do if they simple stopped spending all their money on junk and started buying things that made them more money. Having people smarter than you, work FOR YOU is the secret to their success !!
2006-11-29 04:57:18 · answer #2 · answered by Kitty 6 · 0⤊ 0⤋
By using tax loop holes.
2006-11-29 03:43:26 · answer #3 · answered by Anonymous · 0⤊ 1⤋
they hire ridiculously expensive accountants who juggle their books for them and claim things like shoes as a business expense.
2006-11-29 03:39:10 · answer #4 · answered by David B 2 · 0⤊ 1⤋
if i ever get rich i will let you know
2006-11-29 03:45:13 · answer #5 · answered by parrotsarenoisy 5 · 0⤊ 0⤋
Unfortunately, they do it by voting for Republicans.
2006-11-29 03:40:43 · answer #6 · answered by Ranto 7 · 0⤊ 1⤋
they do the hokey pokey and they turn themselves around and thats what its all about
2006-11-29 03:44:32 · answer #7 · answered by packer_fever011 2 · 1⤊ 0⤋
they have the money to hush the authorities.....
2006-11-29 03:38:56 · answer #8 · answered by Khairudin Bin Salim 4 · 0⤊ 1⤋