{"id":18970,"date":"2021-06-30T10:07:38","date_gmt":"2021-06-30T08:07:38","guid":{"rendered":"https:\/\/phoneenglish.es\/blog\/?p=18970"},"modified":"2021-06-30T10:43:08","modified_gmt":"2021-06-30T08:43:08","slug":"how-billionaires-avoid-paying-federal-income-tax","status":"publish","type":"post","link":"https:\/\/phoneenglish.es\/blog\/2021\/06\/how-billionaires-avoid-paying-federal-income-tax\/","title":{"rendered":"How Billionaires Avoid Paying Federal Income Tax"},"content":{"rendered":"\n<p><strong><em>B2 &#8211; Upper Intermediate<\/em><\/strong><\/p>\n\n\n\n<p>We\u2019re all familiar with this principle that \u201cWith great power comes great responsibility\u201d. Same goes for wealth. Safe to say, with great wealth comes great financial burdens. One of them is taxes.<\/p>\n\n\n\n<p>Read the article to find out how exactly do billionaires avoid paying federal income tax.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.businessinsider.com\/how-billionaires-avoid-paying-federal-income-tax-2021-6\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.businessinsider.com\/how-billionaires-avoid-paying-federal-income-tax-2021-6<\/a><\/strong><\/p>\n\n\n\n<p><strong>Discusion Questions:<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>How are wealthy people able to dodge federal income taxes?<\/li><li>What are your thoughts on billionaires getting away with not paying federal income taxes?<\/li><li>What are other ways to avoid paying taxes?<\/li><\/ol>\n","protected":false},"excerpt":{"rendered":"<p>B2 &#8211; Upper Intermediate We\u2019re all familiar with this principle that \u201cWith great power comes great responsibility\u201d. Same goes for wealth. Safe to say, with great wealth comes great financial burdens. One of them is taxes. Read the article to find out how exactly do billionaires avoid paying federal income tax. https:\/\/www.businessinsider.com\/how-billionaires-avoid-paying-federal-income-tax-2021-6 Discusion Questions: How [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[291,398,39,292,289,293],"class_list":["post-18970","post","type-post","status-publish","format-standard","hentry","category-homework","tag-b2-upper-intermediate","tag-fce","tag-finance","tag-first-certificate-fce","tag-reading","tag-text"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v16.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How Billionaires Avoid Paying Federal Income Tax | phone english blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/phoneenglish.es\/blog\/2021\/06\/how-billionaires-avoid-paying-federal-income-tax\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Billionaires Avoid Paying Federal Income Tax | phone english blog\" \/>\n<meta property=\"og:description\" content=\"B2 &#8211; Upper Intermediate We\u2019re all familiar with this principle that \u201cWith great power comes great responsibility\u201d. Same goes for wealth. Safe to say, with great wealth comes great financial burdens. One of them is taxes. Read the article to find out how exactly do billionaires avoid paying federal income tax. https:\/\/www.businessinsider.com\/how-billionaires-avoid-paying-federal-income-tax-2021-6 Discusion Questions: How [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/phoneenglish.es\/blog\/2021\/06\/how-billionaires-avoid-paying-federal-income-tax\/\" \/>\n<meta property=\"og:site_name\" content=\"phone english blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/phoneenglish.es\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-30T08:07:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-06-30T08:43:08+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@phoneenglishes\" \/>\n<meta name=\"twitter:site\" content=\"@phoneenglishes\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"1 minute\">\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/phoneenglish.es\/blog\/#organization\",\"name\":\"PHONE ENGLISH\",\"url\":\"https:\/\/phoneenglish.es\/blog\/\",\"sameAs\":[\"https:\/\/facebook.com\/phoneenglish.es\",\"https:\/\/www.linkedin.com\/company\/phoneenglish\",\"https:\/\/twitter.com\/phoneenglishes\"],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/phoneenglish.es\/blog\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/phoneenglish.es\/blog\/wp-content\/uploads\/2020\/05\/phone-english1.png\",\"contentUrl\":\"https:\/\/phoneenglish.es\/blog\/wp-content\/uploads\/2020\/05\/phone-english1.png\",\"width\":200,\"height\":124,\"caption\":\"PHONE ENGLISH\"},\"image\":{\"@id\":\"https:\/\/phoneenglish.es\/blog\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/phoneenglish.es\/blog\/#website\",\"url\":\"https:\/\/phoneenglish.es\/blog\/\",\"name\":\"phone english blog\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/phoneenglish.es\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/phoneenglish.es\/blog\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/phoneenglish.es\/blog\/2021\/06\/how-billionaires-avoid-paying-federal-income-tax\/#webpage\",\"url\":\"https:\/\/phoneenglish.es\/blog\/2021\/06\/how-billionaires-avoid-paying-federal-income-tax\/\",\"name\":\"How Billionaires Avoid Paying Federal Income Tax | phone english blog\",\"isPartOf\":{\"@id\":\"https:\/\/phoneenglish.es\/blog\/#website\"},\"datePublished\":\"2021-06-30T08:07:38+00:00\",\"dateModified\":\"2021-06-30T08:43:08+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/phoneenglish.es\/blog\/2021\/06\/how-billionaires-avoid-paying-federal-income-tax\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/phoneenglish.es\/blog\/2021\/06\/how-billionaires-avoid-paying-federal-income-tax\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/phoneenglish.es\/blog\/2021\/06\/how-billionaires-avoid-paying-federal-income-tax\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"item\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/phoneenglish.es\/blog\/\",\"url\":\"https:\/\/phoneenglish.es\/blog\/\",\"name\":\"Blog\"}},{\"@type\":\"ListItem\",\"position\":2,\"item\":{\"@id\":\"https:\/\/phoneenglish.es\/blog\/2021\/06\/how-billionaires-avoid-paying-federal-income-tax\/#webpage\"}}]},{\"@type\":\"Article\",\"@id\":\"https:\/\/phoneenglish.es\/blog\/2021\/06\/how-billionaires-avoid-paying-federal-income-tax\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/phoneenglish.es\/blog\/2021\/06\/how-billionaires-avoid-paying-federal-income-tax\/#webpage\"},\"author\":{\"@id\":\"https:\/\/phoneenglish.es\/blog\/#\/schema\/person\/74786b784a3d32102e60c20d61b651c3\"},\"headline\":\"How Billionaires Avoid Paying Federal Income Tax\",\"datePublished\":\"2021-06-30T08:07:38+00:00\",\"dateModified\":\"2021-06-30T08:43:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/phoneenglish.es\/blog\/2021\/06\/how-billionaires-avoid-paying-federal-income-tax\/#webpage\"},\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/phoneenglish.es\/blog\/#organization\"},\"keywords\":[\"B2 - 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