One question we hear quite often is “how do the rich avoid taxes?”
That’s a fair question considering most wealthy people end up paying less in taxes than many middle class Americans.
Here at Private Wealth Academy, the majority of our trust work has been based on the life’s work of Carlton Weiss.
Something you may not know about Carlton is that he was a private investigator who focused on piercing private trusts of some of America’s wealthiest individuals for more than 20 years.
Our teams’ expertise has allowed us to witness accounts of very wealthy men, women & powerful politicians in action.
Behind The Scenes
What amazed us most, was how many of these powerful individuals paid little to NOTHING in taxes, year… after year… after year…
I remember specifically the IRS didn’t even bat an eye when a billionaire ended up paying less in taxes than his secretary (a gal who was FAR from even being a millionaire)!
And you wonder why the general public always ends up saying…
SHOW US YOUR TAXES! Like it’s Mardi Gras or something…
But just like your “naughty bits” – taxes are private…
They are private… unless you have an accounting or private investigator position like Carlton Weiss did – keeping track of where all the money trails really lead to (back into the private pockets of billionaires)!
Discovering How Do the Rich Avoid Taxes
It was Weiss’ job to dig further into these ultra-successful clients and see HOW they were able to, as they call it: “legally limit their tax liability”.
The ones who didn’t understand the process got “pinched”. Because the truth is, they are not AVOIDING taxes… That would be illegal. They are reducing or eliminating their tax liability.
Some of the oldest, wealthiest trusts like the North American Land Company, Merchants Bank of New York, the Massachusetts Land Trusts, the Rockefeller’s and Kennedy’s (just to name a few) remained untouched…
They are virtually un-pierceable.
So how do the rich “avoid” taxes? What’s their secret?
The Secret is Private Trusts
“Own nothing, but control everything.”
Basically what he meant was: ‘What you don’t own, can’t be taken from you’.
This is the fundamental rule of asset protection that many people never learn about.
That is also where we get the “possession is 9/10ths of the law” quote from. Well that other 1/10th of the law… it’s all about TRUSTS!
By seeing what these powerful folks did, along with Weiss’ work allowed our team to stumble into the secret world of trusts…
More specifically what became known as “The Bulletproof Trust“.
100% private protection for any and every asset.
The fact that you can protect ALL YOUR ASSETS (cars, houses, businesses – anything) with this type of trust…
…from the IRS, creditors, government – EVERYONE!
But learning this secret didn’t come without its own share of hard work, worries and scary situations!
We’ve seen perfectly setup Bulletproof Trusts go up in flames because of ONE CRUCIAL MISTAKE.
Sadly because of that ONE mistake, everything that client had protected, became seize-able assets for creditors.
In another post we’ll tell you what that ONE thing was AND how you can avoid it!
Learn More About the Bulletproof Trust
If you’re still confused as to how do the rich avoid taxes and you didn’t get a chance to watch the entire Bulletproof Trust workshop, you can take a quick break and watch it here. It explains the big picture.
Your friends in finance,
Private Wealth Academy
Leave a Reply
You must be logged in to post a comment.