How Rich People Hide Their Money

The Treasury Department estimates that the ultra-wealthy are skipping out on over $160 BILLION of taxes every year. The methods they use can be shady, but many are perfectly legal.

Two Cents is hosted by Philip Olson, CFP® and Julia Lorenz-Olson, AFC®
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Written by: Taylor Behnke
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Produced by: Katie Graham
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Two Cents is a production of Spotzen for PBS Digital Studios

sources:

[DonaldMark-nese]

Invest judiciously, keep a stop loss figure. Shuffle between debt and equity wherever the ratio goes too off your target. As for the target, I recommend a Ratio like this Debt % should be equal to your age in years. If you are 20, debt is 20%, reset in equity. If the market falls or rises drastically, your debt % will change, which you should rebalance to 20% and bring back equity to 80%. Thus you would have bought low or booked profit depending on if it was a crash or a bull run.

[williamwells]

Congress isn't debating the loopholes because most of them benefit from the loopholes.

[Churchillhump]

Offshore accounts can be used to avoid taxes, but they're not foolproof. There are stricter regulations now, and hiding money can backfire if not done properly.

[CliveBirse]

The utilization of after-tax money and tax-free growth makes opening a Roth IRA very advantageous. Through a careful guidance of my FA, I did not pay taxes on my withdrawals of $2.86 million when I retired.

[matthewsawczyn]

Considering who funds the legislators' campaigns, I'm not expecting any tax law changes anytime soon....

[sarawilliam]

I am 53 and retired at 50. 1 thing I did do to retire early was to get out of the 401K and IRA programs. Bought rental real-estate and I am now a Limited Partner in about 1500+ units from collabrative efforts in the fund my estate planner has me invested in. I do not work.

[oliviaralston]

You work for 40yrs to have $1M in your
retirement, meanwhile some people are putting just $10K in a meme coin from just few months ago and now they are multimillionaires.

[JOEY-HUFF]

If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you...prevent inflation

[liuyanli]

AI stocks will dominate 2024. Why I prefer NVIDIA is that they are better placed to maintain long term growth potential, and provide a platform for other AI companies. I know someone who has made more than 200% from NVIDIA. I'll also take these other recommendations you made.

[GoryNych-ruop]

Loopholes and dark pool trades make it feel like the market isn’t fair to regular investors. I started putting money into ETFs and bonds only after I had more funds to invest. Now, given my age and how complicated the market has become. I'm questioning if sticking with these investments is still the best strategy. It feels like diversification might just be limiting my returns instead of managing risk

[tonkonton]

3:24 Giving Jeff Bezos the smile was a nice design touch.

[SimGunther]

Step 1: Be company chairman
Step 2: Own lots of stock
Step 3: Take out a loan using investments as collateral
Step 4: Use loan to buy more investments and assets
Step 5: Play "Where in the world is Carmen Sandiego?" metaphorically speaking
Step 6: ?
Step 7: PROFIT!

[kabizrhosain]

Thank you Lord Jesus for the gift of life and blessings to me and my family $14, 120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️

[Sonicfan]

Also don't forget that the interest expense paid on the massive amounts of debt that billionaires owe is actually tax deductible because it's secured against an asset! Same way that homeowners can deduct the interest on their mortgages, but billionaires get to take full advantage of this tax break as well. However, if you just have a personal loan from the bank, sorry! No deduction for you. Interesting how that works, isn't it?

[ndToLast]

Now show us the justification where its 100% legal for politicians to do insider trading but an average consumer could spend life in prison for doing the same

[TheJackCain-]

Putting well-earned money into the stock market can be over emphasized for first-time investors, unlike a bank where interest is sure thing! Well, basically times are uncertain, the market is out of control, and banks are gradually failing. I am working on a ballpark estimate of $5M for retirement, and I have a good 6-figure loaded up for this, could there be any opportunity for a boomer like me? I'm nearly 60.

[EastonEverett-]

These billionaires which I am not one of them but they worked hard getting where they are they did not need to use this superstition that video talks about to become a billionaires they have all kinds of antiques, heirlooms and many clothes that they don't wear anymore and it doesn't stop being rich they work hard they know where to invest their money in and what kind of strategy to use to make themselves rich so don't need to do this false teachings says to do.

[vivaa]

Thank you for your research. I find your videos are well done. RIght now I'm keeping an eye on Eledator

[Ironmike]

They need to have middle-class tax loopholes. Like tax-free savings accounts for buying houses or cars.

[MicahCB]

There was a crucial detail missing from this video. Estate taxes. Anything inherited over 13.6 mil will owe estate taxes. This is actually decreasing back to 5.49 mil for tax year 2026. So basically, dying is only a "loophole" for the rich not the ultra rich.