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How The Ultra Wealthy Don’t Pay Taxes

A cool thing about how the US tax code works is that loans are never treated as income, but they are spendable money that you can consume and use. For example, if I continue to plow all of my money into assets that earn while I sleep, if they continue to grow and they are growing tax-free, then the growth that is tax-free I can realize by taking loans against those things.

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    Abschnitt 1 A cool thing about how the US tax code works is that loans are never treated as income, but they are spendable money that you can consume and use.

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0:00A cool thing about how the US tax code works is that loans are never treated as income, but they are spendable money that you can consume and use. For example, if I continue to plow all of my money into assets that earn while I sleep, if they continue to grow and they are growing tax-free, then the growth that is tax-free I can realize by taking loans against those things. And I can use those loans to live my life. And as long as the loans that I'm taking are less than the growth of my assets, then I can use all of that growth, continue to let it compound tax-free for the rest of my life, and live off of the loans, and when I die they can they can rectify my account. These are the strategies of the people who are ultra-wealthy.