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Showing posts with the label How the rich avoid taxes

Unusual Tax Tricks Billionaires Use (And What You Can Legally Learn!)

" Imagine paying less tax on millions — while staying completely legal. Billionaires do it all the time, and the real surprise? Some of their clever tricks can work for you too. Ready to peek behind the curtain? " 🌍 Why Billionaires Pay Less Tax (Legally!) Ever wonder why ultra-rich people sometimes pay a lower effective tax rate than their own employees? It’s not just magic — it’s strategy. Billionaires often don't “earn” in the traditional sense. Instead, they build wealth through appreciating assets, trusts, and clever timing. " " "And while some tactics are complex, a few core ideas are surprisingly simple and perfectly legal for everyday people." 📈 1. Borrow, Don’t Sell: The Secret of Tax-Free Cash Real-life example: Elon Musk famously borrowed billions against his Tesla shares. Why? Because borrowing isn’t taxable income. How it works: Instead of selling stock (which creates taxable capital gains), billionaires use their stoc...