I keep hearing people say "tax the rich" but how do the rich not pay taxes? (sorry for the dumb question, I don't know much about this)

but yeah,

I'm really uneducated with this type of stuff, but am trying to learn 👀

plz b gentle

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This is simple enough to answer... Let's say that you are poor and work as a cleaner in a hotel. When you get paid your wages, you see that the government has taken 40% of your income for taxes.

Now, let's say that you meet me and I am a multimillionaire. I have paid 20% of my income on taxes and funnelled another 10% into my off shore bank account for a rainy day.

Who do you think got cheated out of their money here???

Fishy · 36-40, F

taxes and funnelled another 10% into my off shore bank account for a rainy day.

Yeah, it seems unfair,

But I'm trying to figure out how they actually do that

Before now, I've never even heard the term funnelled and offshore bank account 😅