15 Tax Loopholes Rich People Use That You’ve Never Heard About
From tax-free home flips and hiring your kids, to Roth IRA hacks, 1031 exchanges, and the $10M strategy that pays you for life, passes wealth to your kids, and keeps the IRS out of all of it. Net Worth Calculator: https://www.alux.com/nwHigh Net Worth Individuals’ Favorite app: https://www.alux.app
How the Rich Use Tiny Countries to Avoid Taxes: https://youtu.be/QwamtLTRZ4g
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0:00 - Introduction
0:31 - Number 15: Upgrade your home 4 times in a decade tax free
2:39 - Number 14: Make your kids millionaires by minimizing your taxes
4:04 - Number 13: Rent your house to your business tax free
5:37 - Number 12: 20% off your taxes, on behalf of your government
7:45 - Number 11: Erase your salary tax with oil money
9:43 - Number 10: Use a vacation rental to cancel out your day job taxes
12:07 - Number 9: Donate stock, never pay capital gains, look generous for 30 years
13:56 - Number 8: Defer your tax bill into property and never pay it again
15:22 - Number 7: Skip $10 million in capital gains tax on startup stock
16:50 - Number 6: Trade real estate your whole life, die, pass it to your kids tax-free
18:37 - Number 5: Buy land, promise not to develop it, deduct millions
20:23 - Number 4: Turn a $1,700 retirement account into a $5 billion tax-free fortune
22:36 - Number 3: Hide your investments inside a life insurance policy
24:23 - Number 2: The business expense ladder
27:08 - Number 1: The $10M Rich Forever Strategy
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