billionaires have liquid assets, not cash. it falls under unrealized gains that aren't taxed until you sell but they never cash out more than they have made in profit to offset that tax. by "investing" the money is technically no longer in your hands but the equity firm handling that money can't be taxed either, you can also transfer and stack any winnings back into an ira. that's why all these old congress niggers are ivory tower faggots.
United States