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The wealthy pay less in taxes because they understand the system from "summary" of Tax-free Wealth by Tom Wheelwright
The tax system is not designed to be a burden for the wealthy; it is actually set up to benefit them. The wealthy understand how to use the tax laws to their advantage, allowing them to pay less in taxes than the average person. This is not because they are cheating or evading taxes; it is simply because they have taken the time to educate themselves on how the system works. By understanding the tax laws and utilizing legal strategies, the wealthy are able to minimize their tax liability while still complying with the law. For example, the tax laws are full of incentives and deductions that can significantly reduce a person's taxable income. These incentives are not just for the wealthy; anyone can take advantage of them. However, the wealthy are more likely to be aware of these incentives and know how to maximize their benefits. They may invest in certain industries or projects that qualify for tax breaks, or th...
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