Peter De Vries: Pay Less Taxes

Posted by admin on Friday, July 16, 2021

Peter De Vries Money Quote saying the wealthy somehow pay less in taxes than the rest of us. Peter De Vries said:
 
The rich aren't like us, they pay less taxes Quote
 

“The rich aren’t like us, they pay less taxes” — Peter De Vries

 

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In this quote, Peter De Vries seems to be wryly commenting on the ability of wealthy individuals and corporations to take advantage of complex tax laws and loopholes to reduce their tax burdens. Specifically:

  • De Vries notes that “the rich aren’t like us” in that they do not pay taxes at the same effective rates as average citizens due to their greater access to tax planning and avoidance strategies.
  • He implies the affluent are “not like” everyday taxpayers in that they are able to “pay less taxes” through the use of exemptions, deductions, offshore havens and other means unavailable to most.

The best interpretation is that De Vries is making a sardonic observation about the realities of an inequitable tax system where those with higher incomes and more sophisticated advisors can significantly lower their tax bills through legal provisions and structures unavailable to middle and lower income individuals according to his perspective on the tax advantages that come with wealth through disproportionate access to reduction techniques.

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