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 πππ
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 ππΌππΌππΌ
1/ Stablecoin lending markets have become an important part of the crypto ecosystem, and theyβre 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.