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I mean, reported income at least. I know a few American immigrants that live and work in central and south america, and I know they don’t declare income… at least not 100% of it. But yeah, not doing that and getting caught would be major poopoo bad time.
If you think billionares have like money in a bank scrooge mcduck style, we’ll I have some sad news for you, they effectively are broke to a normal persons point of view (how much actual cash they have).
Instead they have their “wealth” as stock ownership of companies, get a loan from a bank for whatever they want to buy, and then just pay it back with the growing value of their stocks, that’s how they don’t pay taxes in the US and still get to buy whatever the fuck they want.
Basically, something like this. https://youtu.be/t6V9i8fFADI