personalfinance

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If someone can only claim $3,000 a year in losses for taxes, why do people say rich people who lose millions every year don't pay taxes.

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Title	Upvotes	Mark as read	Favorited	Rating	Add to a list
If someone can only claim $3,000 a year in losses for taxes, why do people say rich people who lose millions every year don't pay taxes.	1
General question about how rich people avoid taxes when the lose a lot of money in businesses	1
Writing off loses for taxes	1