I Found Out How Rich People Avoid Tax

Timestamp:
0:00 → Introduction
1:53 → Loopholes
2:09 → Lionel Messi
5:07 → Apple
8:13 → Conclusion

The richest people on earth don't make money like most of us. While we pay income taxes from our regular jobs, many in the top 1% often accumulate their wealth through investments like stocks. These investments are taxed at a different rate, which is significantly lower than the normal income tax rates. But it doesn't stop there - they also exploit creative loopholes to reduce their taxes even further, in ways most of us can hardly imagine!

In this video, we dive into the world of tax loopholes, revealing how global sports stars like Lionel Messi avoid paying millions in taxes and how giant corporations like Apple use creative strategies to slash their tax bills to nearly zero. Watch now to uncover the secrets of offshore tax havens and the impact these practices have on everyday people.

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[eduardo]

When you lose your job, your salary goes less than US$1, but you can't go to such club. Nice video, congratulations!

[benfromlabuan]

Can you talk about Labuan and its benefits of setting up company there? 😁

[propertystories]

This is a nicely researched video. Thanks Ziet and team. Now how can i get into the USD 1 club without being broke? Hmm...

[mahweigiap]

ah~ the infamous Double Irish strategy

[nixon]

Woah what a good explanation, thanks ziet!

[yasufumithebest]

Sorry I’m asking something not related to this video, but I know you have exchange some ringgit to usd earlier in moomoo app. The question is, high potential rate cut by the US federal reserve could indeed have an impact on the strength of USD and Ringgit expected to have batter rate by year end, would you consider to convert your usd back to ringgit?

[samuelzev]

Doesn’t Apple also bank in the bahamas to avoid taxe?. Also the notion that companies not paying taxes will disadvantage us is true to an extent but I see taxation as theft, if the government needs money they can just pitch an idea to the people for those who are willing to invest in the idea.

[SavageRabbit]

Hi I really need help with my IBKR I heard they said that if you’re commission fees for the first 8 months fall below 10K USD they will charge maintenance fees for the difference that you don’t have and I have under 10K what should I do

[leeweeteck]

Is there anyway that I can join this 1 cent salary club ? 😂