Here’s how billionaires avoid paying taxes

 Here’s how billionaires avoid paying taxes

Yikes! Income tax is a huge expense for the upper middle class, and this is on top of the other taxes we pay like sales tax, property tax, gasoline tax, DMV fees and hotel taxes. In Solano County, let us call the upper middle class a family of four that makes $100,000 to $250,000.

You might have read the recent articles on how many super-wealthy people pay no federal or state taxes. This column is not about jealousy with billionaires getting away with murder. I am a believer in capitalism and most, not all, give enormous amounts of money to charity and many have created jobs for thousands of people while generating tons of sales taxes on the products they sell and GDP growth via their companies and investments.

Many billionaires, not all, have signed the charity pledge so when they kick the bucket, most of their wealth will go to charity, which will benefit the country and the…

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