Stuff They Don't Want You To Know cover image

Wealthy People vs. Taxes

Stuff They Don't Want You To Know

00:00

Is Your Asset Worth Something?

The super power of the ultra rich is that they can borrow money against their assets. Because this borrowed money doesn't count as income, that money is also not taxable. The biggest drawback is that it's not a grift most people can afford. You are nowhere neara a risk as someone with millions or billions of dollars worth of wealth.

Play episode from 32:51
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app