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undefined on Instagram: "beyondstartup.sBillionaires legally avoid paying big taxes by using a few smart tricks. Instead of taking a salary, they get paid i…"
beyondstartup.sBillionaires legally avoid paying big taxes by using a few smart tricks. Instead of taking a salary, they get paid in stock options, which means they don't get taxed like regular income. When they need cash, they borrow money using their stock as collateral instead of selling it. Loans don't count as income, so they don't pay taxes on that money.Also, if they sell some stock at a loss, they can use that loss to reduce taxes on other stock sales. This way, they can have a lot of money without paying big income taxes every year.These methods are legal and used by many billionaires to lower their tax bills.Follow @beyondstartup.s for more insights like this 🤝🏻Media: The Diary Of A CEO | YT ..................#entrepreneurship #business #startups #wisdom #advice #mindset #entrepreneursView all 10,462 comments
