Watch LIVE as Cory Grant shares tax-reduction tips and strategies utilized by America's wealthiest families for generations to keep and grow #wealth ! #MoneyShow #InvestSmarter #Taxes #TaxTips #Investing #Investments #Investors
Last year, for the first time on record, the 400 wealthiestAmericans paid a lower total tax rate than any other income group.
The Coronavirus stimulus package carved out $135B in tax breaks for the wealthiest 1% of Americans. That's nearly *four times* as much money as was included for emergency housing and food relief. It's socialism for the rich, and harsh capitalism for everyone else.
In this pandemic, the wealthiest 113 New Yorkers have over $500,000,000,000 (more than a half trillion). Meanwhile, more than 2 million New Yorkers are waiting in line at food banks for up to 6 hours in order to feed their families. This is the stuff revolutions are made of.
Companies like Amazon—which is owned by the wealthiest guy in America—last year paid zero in federal income taxes. That's less than you paid. How does that happen? Why does that happen? The answer: we have a corrupt political system. That's the simple fact.
The only person who did financially well — and extremely well at that — from the Obama economy was Obama. He’s the wealthiest street organizer in human history.