In r/smallbusiness, a high-engagement explainer on how ultra-wealthy minimize taxes spreads because it gives a concrete mechanism builders can reason about, then gets corrected and expanded by a CFP.
can someone just PLEASE explain to me --- HOW do millionaires/billionaires pay so little in taxes?
Basically they have 0 income. Their compensation packages are exclusively/primarily stock options
I am a wealth advisor & CFP to millionaire clients. I am myself a low 7 figure millionaire.
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