Financial experts predicted Jeff Bezos’s move to Florida would pay off handsomely—and they were right. So far, the Amazon founder’s tax savings have been astronomical, worth an estimated $1 billion this year alone.
Financial experts predicted Jeff Bezos’s move to Florida would pay off handsomely—and they were right. So far, the Amazon founder’s tax savings have been astronomical, worth an estimated $1 billion this year alone.
In other words: tax evasion. Eat the rich.
It’s called “tax avoidance” when you’re a billionaire and it’s legal
It’s called optimal accounting in my classes. It’s not only legal but also annoying as shit when having to audit a company as a project.
From what I understand - avoidance is using legal means to avoid paying tax, while evasion is using all the other means to evade getting taxed altogether.
It’s called that if you’re not a billionaire and it’s legal, too. Taking your personal deduction is tax avoidance.