Jack Crivici-Kramer

You see, every two weeks, Zuck gets a paycheck over at Meta for three cents.

That's it.

After taxes, it's probably one cent.

Yeah, you know how it goes.

Now, Elon actually takes a $0 salary from Tesla to be their CEO.

So Elon is paying $0 in income taxes right now.

Now, for both, you might think initially, wow, what a great guy.

They're already rich, so they're working for free.

Not too shabby, Zuck just doing his thing, nice guy.

But the reality, this isn't philanthropy, this is strategy.

Exactly, because these particular billionaires derive their wealth from stock and stock bonuses for tax reasons.

That's why the billionaire class can get $10 billion richer in one year and only pay tax if they sell stock, which billionaires have learned not to do.

Jack, why don't you whip out the whiteboard here?

How exactly does this strategy break down?

When a billionaire needs cash to buy like a fifth home, they don't sell the stock that they own.

Instead, they borrow cash using their stock as collateral.

And here's the key.

The interest that they owe on that loan, it is way less than the capital gains taxes they would have paid if they'd sold the stock.

And here's what their accountant tells them.

Just keep doing this until you die.