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Swear to god you could fix the entire US tax code just by watching landlord tiktok for like 2 hours and eliminating every loophole they discuss. https://t.co/s3lgKgbOCg
Paul E Williamsx.comEver wonder how the wealthy avoid paying taxes?
It’s all in the "Buy, Borrow, Die" strategy.
Here's exactly how it works in-depth:
The Money Cruncher, CPAx.comThe ultra wealthy are crafty at avoiding taxes.
Many use the "Buy, Borrow, Die" strategy.
Here's how it actually works in practice:
The Money Cruncher, CPAx.comEveryone should open a Roth IRA
A Roth IRA is so effective at lowering your taxes that the government doesn't allow anyone earning $160K+ to contribute to one directly
However, here's THREE loopholes that let high earners get thousands of dollars into a Roth IRA legally:
Ankur Nagpalx.comJust spoke to a founder who could pay zero taxes on more than $400M when they sell their company
It's completely insane tax jiu-jitsu yet fully legal with how the law is written
Here's how they set it up:
Ankur Nagpalx.comThe American people are losing out on $18 billion every year in government revenue. It’s being hoarded by the ultra-rich through a shady tax loophole.
Trump used to talk about closing the carried interest loophole — until Blackstone’s CEO Steve Schwarzman became a top donor.
snmrrwinstagram.comYou’re taxed on your income.
You’re taxed on your purchases.
You’re taxed on your property.
You’re taxed on your investments.
Taxes are the biggest expense you’ll have in your life so here’s how to avoid them legally:
Brennan Schlagbaum, CPAx.com
