Facts about billionaires. They don't have bank accounts like we do...

Accurate. There's a multitude of ways they hide their wealth. The game changed with Reagan and the writing was on the wall then. And that it coincided with the Christian Conservative movement, and co-opting "patriotism," wasn't an accident. They manufactured culture wars to divide because they knew that a unified populous would put an end to the strategy.

If there was ONE issue in this country that should bring Americans together, irrespective of party, it's wealth disparity. But nope. The hooks are in too deep. It's "Us vs. Them" but the "us" is fighting the wrong enemy.People have been systematically brainwashed to kiss the hand that beats them.

It's when I'm most reminded that more than 50% of Americans read below a 6th grade level.

The loans have to be paid back.
You left that out.
Most placesa also have inheirtance/estate taxes. Yo left that out too.
Oh, yes, and their income was taxed in the first place.

Oh the wealthier you are the more loopholes there are to bury your tax burden.

For example why own a business with your name on the company register ?
You simply create a figment of your imagination. Ensure they have 'responsibility', list yourself as a 'Consultant' who, as it happens, receives no 'salary' as such but magically has an endless line of credit everywhere as you can prove to creditors you own the assets of it.

Then you just rob 'Peter to pay Paul' each month, ensuring you pay the interest accrued without touching the assets until you can right them off without attracting attention from the tax office.

Bank deposits for an individual are only insured by the FDIC to $250,000 total per bank. A low end billionaire wanting to protect his/her wealth would then need such max deposits in 4,000 different banks. High end billionaires would need such deposits in 400,000 bank,

Once much beyond just being a millionaire you are pretty much on your own with protecting your wealth.

Might be better off attacking governments that allow these loopholes to exist.

Some people have earned their money and paid their taxes.

This is half true. But they buy all those assets with earnings that they have already paid tax on once, the art and the boats and the real estate do not fall from the sky.

They do have bank accounts .. do generate some taxable income .. but absolutely do use the tax code to save on taxes where ever they can.

Stop lying. The real truth ...



https://www.google.com/search?q=%25+of+taxes+in+us+paid+by+tax+bracket&client=ms-android-verizon-us-rvc3&hs=pU79&sca_esv=e0de6c95d35408ea&sxsrf=ANbL-n4XlHP3So6euHix4467OWDu-FvZQw%3A1772544709156&ei=xeKmaYiCCeTmwN4Pz-2nuQ8&biw=338&bih=603&oq=%25+of+taxes+in+us+paid+by+tax+bracket&gs_lp=EhNtb2JpbGUtZ3dzLXdpei1zZXJwIiQlIG9mIHRheGVzIGluIHVzIHBhaWQgYnkgdGF4IGJyYWNrZXQyBRAhGKABMgUQIRigATIFECEYoAEyCBAAGIAEGKIEMgUQABjvBUilowFQrwpY95oBcAJ4AZABApgBwQGgAfwzqgEEMS40MrgBA8gBAPgBAZgCI6AC3iuoAi3CAgoQABiwAxjWBBhHwgINEAAYgAQYsAMYQxiKBcICExAuGIAEGLADGEMYyAMYigXYAQHCAhYQLhiABBiwAxhDGOUEGMgDGIoF2AEBwgILEC4YgAQYsQMYgwHCAhAQABiABBixAxhDGIMBGIoFwgIKEC4YgAQYQxiKBcICChAAGIAEGEMYigXCAgUQLhiABMICBxAuGCcY6gLCAgcQIxgnGOoCwgINECMY8AUYJxjJAhjqAsICFhAuGIIGGIMGGCcY-gUY6gIY7QUY3QXCAg0QLhjRAxjHARgnGOoCwgIKECMY8AUYJxjqAsICEBAAGAMYtAIY6gIYjwHYAQHCAhAQLhgDGLQCGOoCGI8B2AEBwgIKEC4YgAQYJxiKBcICBBAjGCfCAgsQABiABBiRAhiKBcICCxAuGIAEGJECGIoFwgIFEAAYgATCAg4QLhiABBixAxjRAxjHAcICERAuGIAEGJECGNEDGMcBGIoFwgILEAAYgAQYsQMYgwHCAggQLhiABBixA8ICCBAAGIAEGLEDwgIOEC4YgAQYsQMYgwEYigXCAggQABiABBjJA8ICBhAAGBYYHsICCBAAGBYYChgewgILEAAYgAQYhgMYigXCAgUQIRirApgDK_EFtUqYNRDPzVCIBgGQBg-6BgQIARgIkgcGMi4zMi4xoAenowKyBwYwLjMyLjG4B5crwgcIMi0yOC41LjLIB4sCgAgA&sclient=mobile-gws-wiz-serp

How do they pay the loans?

We're not picking on millionaires anymore...they gotta be billionaires nowadays?