On: The public has a right to know how companies that ...

[Zarath]

If you are upper middle class it is possible to pay zero taxes. Between tax loss harvesting, 401ks, opportunity zones, and LLC formation, a citizen can legally pay no taxes some years. It's a bit of a learning curve but none of the mechanics are particularly difficult.

[srtjstjsj → Zarath]

"some years" is bearing quite a bit of load there.

[bagels → Zarath]

Where can we learn how to do this?

[lozaning → bagels]

If you're a salaried employee that gets a W2, you're gonna pay taxes.

[triceratops → bagels]

Here's one case study: https://www.gocurrycracker.com/never-pay-taxes-again/

[berdario → triceratops]

"Once income and spending exceed this level, taxes must be paid. Unless…

Unless that income comes from qualified dividends or long-term capital gains. In this case, a married couple can have $24,400 a year in income AND $78,750 in investment income, TAX-FREE"

If you can get 78k$ yearly investment income from index funds, you already have a net worth of several million $, and you're thus already among the people that don't need to work (or you had some incredible luck for smaller investments)

[lotsofpulp → berdario]

But according to that link, all you have to do is choose leisure over labor*

*and have $5M+ in assets

[sokoloff → lotsofpulp]

Closer to $2M will do it with a low risk of portfolio failure, $2.5M will do it with almost no risk of failure.

[triceratops → berdario]

Don't hate the player, hate the game. Capital owners pay far less in taxes than worker bees.