The Financial Maneuver of the Ultra-Wealthy

Some of the wealthiest individuals in America have developed a strategy that enables them to pay little to no federal income tax. By keeping their salaries nominally low, often as little as one dollar, they avoid taxation on income earned through traditional means. Instead, they capitalize on unrealized gains from their assets, such as stocks, which can appreciate significantly while remaining untaxed until sold. They often leverage their assets to secure loans for cash, which is not subject to taxation, allowing them to fund their lifestyles without incurring income tax.