Interviewee 2

But just to clarify, you only get to do this if you own the building, not that you work here.

But just to clarify, you only get to do this if you own the building, not that you work here.

There are lots of people who've gotten in trouble with fake charities. So that won't work. Churches are qualified charities, which is why some people have tried to start their own churches.

There are lots of people who've gotten in trouble with fake charities. So that won't work. Churches are qualified charities, which is why some people have tried to start their own churches.

I don't think they call them followers, but I don't know. Oh, that's right. That's like a cult thing. Another thing that wealthy people do, you've got art. How much is it worth? Donate it to charity. And if you donate it, how much can you fairly write off?

I don't think they call them followers, but I don't know. Oh, that's right. That's like a cult thing. Another thing that wealthy people do, you've got art. How much is it worth? Donate it to charity. And if you donate it, how much can you fairly write off?

Okay. No offense, but it looks kind of infantile. My guess is it's not worth very much. You need to talk to somebody who's a qualified art appraiser.

Okay. No offense, but it looks kind of infantile. My guess is it's not worth very much. You need to talk to somebody who's a qualified art appraiser.

You're just not there yet, Josh.

You're just not there yet, Josh.

One of my great tax planning secrets for you today is dying. If you own stock or if you owned a house at some point, hang on to it. It's the doing something with it, selling, that triggers tax. Then when you die, it's never taxed. So dying turns out to be tax efficient. That's something that wealthy people count on. That's deferring, right? Yeah.

One of my great tax planning secrets for you today is dying. If you own stock or if you owned a house at some point, hang on to it. It's the doing something with it, selling, that triggers tax. Then when you die, it's never taxed. So dying turns out to be tax efficient. That's something that wealthy people count on. That's deferring, right? Yeah.

That's great advice. I want you to die generations from now. Thank you. It's a better tax deal anyways.

That's great advice. I want you to die generations from now. Thank you. It's a better tax deal anyways.

Regular wage earners. I mean, everybody pays tax if they've got income and the wealthy people are paying tax, too. But if you look at their income versus how much tax they're paying, they're typically paying a lot lower rates.

Regular wage earners. I mean, everybody pays tax if they've got income and the wealthy people are paying tax, too. But if you look at their income versus how much tax they're paying, they're typically paying a lot lower rates.

Good question. Somebody at the lower end has to be paying the regular taxes to make room for the government to do those things.

Good question. Somebody at the lower end has to be paying the regular taxes to make room for the government to do those things.

Yeah, that's that's that's terrifying. The more you know about tax, the more terrifying it can be. So I don't sleep very much.

Yeah, that's that's that's terrifying. The more you know about tax, the more terrifying it can be. So I don't sleep very much.