JF3234: Why the Wealthy Seek Passive Income | Passive Investor Tips ft. Travis Watts
The Best Ever CRE Show
00:00
The Problem With Earned Income
Robert Kiyosaki: Earned income is taxed at the highest possible tax brackets. If you're a very high income earner, as we're talking about in this episode, the wealthy or the rich, could pay as much as 37% tax on your income and that doesn't include FICA tax. This is perhaps why so many CEOs that are making multiple millions of dollars per year prefer to be paid in shares of stock versus a salary.
Transcript
Play full episode
