If shares of stock that you have that makes you a billionaire but not taxed because it is not real income but yet it is income when it comes to using it to buy other businesses, I believe once it is turned into a washable asset, then it should taxable. Wealthy BS!
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Billionaires have mastered a system that legally allows them to avoid paying income tax — and it all comes down to one thing. How they structure their wealth.They don’t earn money the way most people do.Instead of taking taxed salaries, they hold stocks and assets that grow in value over time. But they never sell them — because selling triggers capital gains tax.So what do they do instead? They borrow against those assets. Banks happily hand them low interest loans backed by billions in shares. That borrowed cash funds the jets, the mansions, the private islands — all completely tax free. Because loans aren’t considered income.And when they die their heirs inherit everything. Thanks to a rule called the stepped-up basis, all the unrealized gains simply disappear. No tax owed. Not by the billionaire. Not by the kids.The wealth transfers untouched and the cycle continues into the next generation.It’s not luck. It’s a system built specifically for wealth to grow quietly and legally — and most people will never be taught how it works.Follow @ceo.paths for more raw CEO stories.#business #entrepreneur #ceomindset #ceostory #elonmusk
