Between 2014 and 2018, Warren Buffet reported $125M in income. His effective tax rate was only 18.9%.
Buffet, Bezos, Elon, and other wealthy Americans use the tax code to their advantage and keep more of their $$ to invest.
Here are a couple of their tricks you can use 👇👇👇
1/ Nothing that Buffet, Bezos, Elon, and other wealthy Americans do is illegal. The basic approach is simple:
They minimize their reported income and take whatever deductions are available -- donations, losses, retirement contributions, and more.
2/ Without using any deductions or loopholes, Buffet would have paid close to $50 million in federal income taxes. In reality, he paid less than half of that -- only $23.7 million.
Many businesses are trying to identify a strategy to participate in the trillion dollar crypto market and they're choosing a unique way to enter the market.
Time for a quick thread 👇🏼👇🏼👇🏼
1/ Stablecoin lending markets have become an important part of the crypto ecosystem, and they’re still growing, with more than $100 billion stablecoins now in circulation.
2/ Returns are higher than traditional capital markets based on borrowers willing to pay a premium for stable on-chain assets like USD Coin (USDC).
Returns vary by platform, but compared to traditional yields, stablecoin yields are incredibly more attractive.
El Salvador’s President @nayibbukele just said he believes the country’s adoption of bitcoin will lead to more opportunity for his citizens, which should reduce the number of people leaving the country and illegally immigrating to the United States.
“This is good for the US”
“We’re big believers in the future.” - @nayibbukele
“When did our vision of the future change from something so beautiful to something so dystopia? We have to remember that we build our future.” - @nayibbukele