What is the point of this statement?
I never said there was a public website indicating taxes paid by household; I said that billionaires don't hide in plain sight, because their assets are subject to taxation. There are likely no "hidden billionaires". You can't even park your assets in tax shelters anymore. Places like Switzerland and the Caymans have disclosure agreements with the U.S., so unless you're burying cash in the back yard, good luck on anonymity.
No, most billionaires are known to the IRS and to their brokerage houses. They live quietly and do not flaunt their wealth. All rich people are not like Donald Trump. They will drive a Caddy, Mercedes, or Bimmer and not a Ferrari or Rolls-Royce. Their house will be secluded and set back from the road.What is the point of this statement?
I never said there was a public website indicating taxes paid by household; I said that billionaires don't hide in plain sight, because their assets are subject to taxation. There are likely no "hidden billionaires". You can't even park your assets in tax shelters anymore. Places like Switzerland and the Caymans have disclosure agreements with the U.S., so unless you're burying cash in the back yard, good luck on anonymity.
Because you're still implying that the public knows all the billionaires out there. The IRS is not the public nor is your private banker. Their are people out there that have more money than Bill Gates and we have no clue who they are.What is the point of this statement?
I never said there was a public website indicating taxes paid by household; I said that billionaires don't hide in plain sight, because their assets are subject to taxation. There are likely no "hidden billionaires". You can't even park your assets in tax shelters anymore. Places like Switzerland and the Caymans have disclosure agreements with the U.S., so unless you're burying cash in the back yard, good luck on anonymity.
I don't think there are unknown people richer than Bill Gates, but I do think that people with 8 and 9 figure wealth are there who pass quietly under the radar. They just don't want to call attention to themselves by "living large".
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You're free to your opinions, as odd as they may be. If you really think people bury billions of dollars in their back yard, then go with that. In the real world, people with that kind of money have it parked somewhere, and regulatory agencies can track capital flows. Even drug kingpins and global rogues have estimated net worths with some degree of certainty.
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