Secret Billionaire Tax Trick #shorts

The rich know tax tricks that save them millions of dollars per year. Anthony Pompliano explains one so that you'll know the tricks, too.

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[capricegeorge]

And this hard to grasp concept is why most people arent 🤣🤣🤣

[Mikanoshi]

No, just take a loan from a bank using your assets as collateral, then invest those money into new assets and keep doing that forever. Loans are not taxable, you only pay a small interest.

[toddwinton]

Great trick, can the little guy do this? Buy for $100 evaluate for $10k ... Donate to non profit?

[FrostSoul-qskq]

Step 7 the IRS grab your gonads and twist then say "I OWN YOU BISH go get mah Money"

[illernpiller]

Also the biggest market for laundering money.

[Deaco_DG]

This guy has been watching to much Billions

[MrGiovannisp]

That's what we should call scam artist. How about just "live by your means" ... 😍

[patrickhartmann]

Not how it works. First you have to wait at least a year to qualify, and appraisal has to be attached to the return with appraiser certifying under penalties of criminal penalties it is accurate. However, wealthy people do donate art, but at the true FMV, as IRS has special unit of experts that review each one of these type donations.

[MikeKollin]

Question: So do the Appraisers always appraise it at $Millions?

[docwill]

Without a bulldog tax-lawyer IRS will simply disallow the deduction and you can take it up in tax-court and now pay that bulldog tax-lawyer $750/hr eventually to settle with costs many times the taxes you were seeking to avoid...

[JDUB-oqtu]

So u can write off art worth millions but not food donations? Wtf