15 Ways Rich People Avoid Paying Taxes

This is how rich people avoid taxes, legally.
The #1 App Rich People Use To Optimize Their Lives!

00:00 - Intro
00:45 - Invest all of it
01:23 - Everything you use is owned by a business
02:20 - Move somewhere with little or no tax
03:36 - Send it overseas
04:10 - Charitable donations
05:00 - Instead of a salary they take equity
06:56 - Buying art
08:37 - Multiple nationalities with no fixed residence
09:42 - Gift money away
10:37 - Hold it in privacy coins
12:06 - You have no money but you have assets you can borrow against
13:08 - Filing for bankruptcy
14:46 - Claim your yacht as your second home
15:36 - Using a trust to avoid paying estate tax
17:18 - Depreciating assets on paper to outweigh the cash income

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[newstyletelevision]

If you want to become rich, be a tax consultant who breaks those tax saving tricks down in such a way that the average man on the street can make use of them.

[timothyyoung]

1.invest all of it
2.everything you use is owned by a business
3.move somewhere with little to no tax
4.send it overseas
5.charitable donations
6. Instead of a salary they take equity
7.buying art
8. Multiple nationalities with no fixed residences
9. Gift money away
10. Hold it in privacy coins
11.you have no money but you have assets to borrow against
12. Filing for bankruptcy
13. Claim your yatcht as your second home
14. Using a trust to avoid paying estate tax
15.depreciating assets on paper to outweigh the cash income

[janeentumbao]

One... You need to UPGRADE the captions for your videos. I saw the words visual eyes vs visualize and a few other errors.

Two... I'm in Cook County Illinois. Probably one of the highest taxed in the country. I think that the taxes are definitely being mishandled, I also think we get a fair amount of benefits. Our streets are clean. Our public transportation system is pretty good. And if you need public aid, it's available to almost anyone that needs it. And food banks a plenty.

I do hope to move to a less taxed county soon.

[jazzmandan]

🇨🇦 Marginal tax rate I calculated a few years ago was 37.5 %. Without any deductions it can be somewhere north of 50% combined Federal and Provincial, then there’s consumption at 13-15% on goods and services depending on where you live, and that is with after-tax money. Tax freedom day keeps getting pushed further along in the year, never mind municipal property taxes.. tax, tax, tax, tax, tax.. 🇨🇦 aka
Taxania.. Lol!! 😂

[ShepardCZ]

I wonder whether people who say that they want to "increase taxes for the rich" realize they still won't pay much or not. Of course, the first option is pretty terrifying, as that means they knowingly target the middle class, which in turn helps create a system where there are only rich and poor.

[DiversityCristian]

Amazing concept and gold information! May God bless all that read this with one million dollars this year!

[GillerHeston]

Increasing tax rates are the reason I rolled over my 401k to a Roth. I don’t want to be 59 paying taxes on current income on withdrawals made from my retirement account.

[DanR-kcyt]

Taxing the income of productive citizens whether it be the humble worker or Rich business owner is counterproductive and nothing but government theft.
Congress had to amend the Constitution in 1913 to make the income tax legal because before then it was unconstitutional and thereby illegal.
Before then only taxes on consumption, such as a sales tax or a tariff, and property taxes by local municipalities we're allowed in order to fund vital services and defense. Only taxing consumption is better because it discourages excess and waste but encourages saving, investing and the efficient use of resources.

[APKZONEYT]

Use me as a : '' Upgrade " Button

[MTN]

I am in 🇨🇦 🍁 🇨🇦 marginal tax rate federal + provincial about 34% + 13% on almost all purchases made on you net income in addition to property Tax and your bills ....🤔. Maybe a move to Switzerland would not be as bad 😂

[abcd-ggjz]

Why does every single creator that talks about money on YT have to say " Not finacial advice?"

[ArdenCook]

I have over $200k ready to be invested, however I am having trouble trying to find out what investments would be best during this present economy. Heard index funds and ETFs provide diversified stock market exposure while spreading risk. How true?

[mpaplay]

I live in the " People's United Republic of California" we have taxes on top of our taxes. Right now the growth opportunities to me are immeasurable, so my family stays. Eventually, retirement comes in a more tax-friendly state. Or country. Look for opportunity! 😊😊

[InventaChris]

Actually, the top 1% pay 45.8% of income taxes despite earning only 26% of income in America.

[EngineerDJ_Julius]

being financially literate will do that for you

[shaziaaslam]

05:00
Realize -- written as real eyes
needs correction

[joantonio]

Hospital is not free in Switzerland, you have to have assurance

[lejhbxo]

we are in a head-to-head race with belgium for the first place in tax rates! 42%😭😭

[DioDiablo]

Alux reinventing their visuals on their videos is refreshing. The style is so sleek you know it's Alux.

[deepshaswat]

I have one question. When rich people take loans against assets and they take no salary. How do they payback. Can we have some detailed post or video regarding the same. And if it exists someone can please redirect me to that place