Many wealthy Americans escape big income tax bills. Here's how they do it

The affluent may hold assets until they die, avoiding capital gains taxes, and providing heirs with inherited property valued on their date of death.from left-leaning groups Americans for Tax Reform and the Institute for Policy Studies.inherited wealth with gains of more than $1 millionHe has also called for raising the highest capital gains rate to 39.

"You may not get the billions or pay a 3.3% [tax] rate," he said. "But you can lower your taxes from say, 25% to 20%, down to 12% to 14% with adjustments to how you deploy your money." Some policymakers have called for taxing the wealthy's asset growth every year, known as a "mark-to-market" system, along with a wealth tax.

robtfrank Step 1: Hire good tax attorneys & accountants Step 2: Follow the tax code 🤷🏻‍♂️

robtfrank robtfrank andrewrsorkin How do 'people who have retirement accounts all use capital losses to offset investment gains and dividends'?

robtfrank Seems like the alternative minimum tax should apply here, but for some reason does not.

robtfrank Quit comparing asset growth to income.

robtfrank Not just billionaires

robtfrank The tax code has been written by the rich. Its not difficult to understand

robtfrank If I make 1 billion in stocks from 10 grand, you can't tax a cent until I sell a portion of my stocks to make realized gains. You can't tax unrealized gains.

robtfrank MBDTF IS THE GREATEST ALBUM OF ALL TIME

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