I Found Out How Rich People Avoid Tax

Рет қаралды 5,475

Ziet Invests

Күн бұрын

Пікірлер: 25

@eduardo33 4 ай бұрын

When you lose your job, your salary goes less than US$1, but you can't go to such club. Nice video, congratulations!

@ZietInvests 4 ай бұрын

That’s…one way of looking at it!😂

@benfromlabuan 4 ай бұрын

Can you talk about Labuan and its benefits of setting up company there? 😁

@ZietInvests 4 ай бұрын

Oh that's an interesting one haha! Will look into that!

@sumitrautela6175 22 күн бұрын

D Gukesh, the 18-year-old chess prodigy and youngest World Chess Champion, is about to learn that victory comes with a hefty price tag. Of the ₹11.45 crore prize money he earned from his monumental win, nearly ₹4.09 crore will be swallowed by taxes, leaving him with ₹7.36 crore in hand. India’s taxation rules on prize money are clear: winnings fall under “Income from Other Sources,” taxed at a flat 30%. Add a 15% surcharge (for incomes exceeding ₹1 crore) and a 4% health and education cess, and the numbers stack up quickly.

@propertystories 4 ай бұрын

This is a nicely researched video. Thanks Ziet and team. Now how can i get into the USD 1 club without being broke? Hmm...

@ZietInvests 4 ай бұрын

Thank you kenny! It’s so near yet feels so far right?😂

@propertystories 4 ай бұрын

@@ZietInvests not just far bro, like one lifetime not enough kind of far 🤣

@nixon7489 4 ай бұрын

Woah what a good explanation, thanks ziet!

@ZietInvests 4 ай бұрын

Glad you liked it Nixon!! Stay tuned for more

@SavageRabbit 4 ай бұрын

Hi I really need help with my IBKR I heard they said that if you’re commission fees for the first 8 months fall below 10K USD they will charge maintenance fees for the difference that you don’t have and I have under 10K what should I do

@ZietInvests 4 ай бұрын

Hi, they no longer charge that inactivity fee since July 2022 - so all is good, its free now without any minimum balance/activity!

@samuelzev4076 4 ай бұрын

Doesn’t Apple also bank in the bahamas to avoid taxe?. Also the notion that companies not paying taxes will disadvantage us is true to an extent but I see taxation as theft, if the government needs money they can just pitch an idea to the people for those who are willing to invest in the idea.

@ZietInvests 4 ай бұрын

Yup companies like Apple have used offshore strategies to reduce taxes though not necessarily in the Bahamas. The debate on taxes being theft is definitely out there, but taxes also fund important public services as mentioned. The idea of the government pitching ideas for voluntary funding is interesting, but might be tough to make work in reality.

@samuelzev4076 4 ай бұрын

@@ZietInvests id rather have a government crowdfunding event. If they need new roads built or a new hospital, i can definitely fund that

@SuperRajin88 4 ай бұрын

Why collect taxes when you can print money ?

@samuelzev4076 4 ай бұрын

@@SuperRajin88 if you print money to fund the country you risk devaluing the money because it becomes worthless when there is a full supply, hence why fiscal stimulus during covid caused inflation

@yasufumithebest 4 ай бұрын

Sorry I’m asking something not related to this video, but I know you have exchange some ringgit to usd earlier in moomoo app. The question is, high potential rate cut by the US federal reserve could indeed have an impact on the strength of USD and Ringgit expected to have batter rate by year end, would you consider to convert your usd back to ringgit?

@ZietInvests 4 ай бұрын

Hi yasu, despite the imminent US fed rate cut, it's not something i use to time my USD/MYR exchange - because malaysia OPR might also follow suit and cut rate; so its only a matter of time before USD/MYR normalise, short-time fluctuations imo so up to you whether you want to exchange or not

@yasufumithebest 4 ай бұрын

@@ZietInvests thanks for the revert. I hear Malaysia will cut rate too but I don’t think in any near future (at least this year) the rate will hit back 4.50 or above. btw “if” the prediction rate for next year will back down before pandemic around 4 to 4.2, would you still consider to hold? Just curious to what’s your opinion..