4 ms·
No that is my point exactly. Ask anyone not in the 1% and 2M$ salary would be huge, life changing, and put them in the "rich" category. So rich do have a huge i
by maeln 2y ago
No that is my point exactly. Ask anyone not in the 1% and 2M$ salary would be huge, life changing, and put them in the "rich" category. So rich do have a huge income, it is just that their other gain are just disproportionately huge compare to "traditional" income.
- nine_k 2y agoA number of executives used to make a point by assigning $0 as their salary, and only making money by appreciation of their shares. Better yet, you can borrow money with your stock as a collateral, and cut even more off your taxes by repaying with pre-tax gains: [1]. [1]: https://www.healio.com/news/hematology-oncology/20220928/avoid-capital-gains-taxes-like-a-billionaire-using-buy-borrow-die-strategy https://www.healio.com/news/hematology-oncology/20220928/avo...