How Rich People Avoid Paying Taxes | KC Chohan, Founder & CEO of Together CFO

KC Chohan is the Founder & CEO of Together CFO, a tax advisory firm specializing in tax strategy for high-net-worth families. In this episode, KC shares his expertise on tax planning and provides insights on how wealthy individuals can protect their wealth and reduce taxes. He also offers advice for those interested in tax savings, emphasizing that significant wealth is typically required to implement such strategies effectively.

https://www.linkedin.com/in/kcchohan

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#Taxes #Crypto #Rich

Timestamps:

0:00 Intro

1:45 Minimizing taxes

5:17 Charities

9:10 Not selling

10:40 Loans and interest rates

15:15 How much money do you need

21:40 What to do with crypto?

25:25 Own nothing control everything

28:30 Passing generational wealth tax-free

30:00 Trust vs personal taxes

31:50 CBDC disaster

37:50 The cost to set up the trust

40:30 Wrap up

The views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. This video was created for entertainment. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor. Nothing contained in this video constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to "Buy," "Sell," or "Hold" an investment.