I tried to cut my taxes like a billionaire | Explainomics

Many of the wealthiest Americans pay lower tax rates than the average person. To see if I could also use some of those billionaire strategies to cut my taxes, I teamed up with celebrity CPA Bruce Seckendorf to test elite tactics like “buy, borrow, die” on a regular salary.

00:00 – Intro
00:20 – Do the ultra wealthy pay a lower tax rate?
01:18 – Setting up our tax experiment
03:23 – Strategy #1: Killing the salary
05:55 – Strategy #2: Buy, borrow, die
08:38 – Strategy #3: The $5 billion retirement account
11:55 – Strategy #4: The sports team tax shelter
14:33 – Strategy #5: Leave the state
17:22 – The running total: how far did we get?
18:25 – Conclusion

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