Why Elon Musk does NOT pay taxes explained by Jaspreet Singh🤓📈💸

Executive Media shows Jaspreet Singh from Minority Mindset as he explains how billionaires like Elon Musk pay less taxes than you do!

#jaspreetsingh #minoritymindset #savvyfinance #financialeducation #finance #investing #business #money #shorts #executive #executivemedia

[Kielforreal]

So when politicians say tax the rich, it's a sham. And it's on us.

[mayorb]

I've heard it this way, "Wealthy people do not have income, they have assets".

[skykur]

Giving 5% in interest to a bank is a lot better than giving 50% in taxes to the government

[loetzcollector]

Andrew Carnegie said the definition of a rich man is one who can live the lifestyle of his choosing off the interest of his interest.

[chikmnunget]

If you owe the bank $250, thats your problem. If you owe the bank $250 Million, thats the bank’s problem.

[ByRupesh]

Some are played by the system, some plays with the system.

[FutureAbe]

Wow. This was actually explained in a way I can understand. I’m impressed

[Angel-orlp]

Best part is thats since it's a loan, its 100% a write off for him depending on how he got that loan. & 2. Because its a loan 100% non taxable.

[YamilZer]

He explain in 5 minutes what Robert Kiyosaki couldnt do in a lifetime 😂😂😂

[mobboss]

It's awesome that they go out of their way to not teach us this in school

[SterekJohnlock]

It's called SBL (Securities based lending). Minimum changes from institution to institution, but you generally get to borrow 50% of your stock value and can even use this as a down payment for your home.

[skvirk]

Singh explained way better in few minutes than Robert Kiyosaki in Hours

[DanielBakHansen]

I finally understand how they do it. Business speakers tried and I never really understood it. This dude explained it like a pro in seconds.

[Kc-tkod]

“Finance is the language of the Elite”
-Luke Bellmar

[livelife]

I need guidance like this in my life badly

[conquerunderstanding]

How do you know all this sir…He answers, “my family owns the banks that give him the loans. 😂

[Talot]

"Poor people are poor because they work for their money."

[money]

This was the simplest way this type of wealth was ever explained to me.

[jjl]

Property tax is the most evil and duplicative tax ever

[sandeepforusandy]

The critical question is -
How does he repay the loan if he's neither taking salary nor he's selling the shares ?