Weston Smith
๐ค SpeakerAppearances Over Time
Podcast Appearances
Because their income is personal, right?
I think it's still considered personal while they're playing, yeah, but I don't think sponsorships is taxed the same.
Yeah, I'm pretty sure that's the way it works.
Yeah.
Yeah.
But yeah, anybody, I don't care if you're making a billion dollars a year, you can pay zero in taxes.
There's certain, again, if you study trust law, there is a trust in the United States where you can defer taxes indefinitely.
You will never pay taxes again.
Yeah, they do things a little more difficult.
You know, they set up like the I think Amazon, especially they set up like a shell corp that owns a company that owns a company that owns a company.
And you can do that.
There's a million ways to do something.
Right.
Yeah.
For the simplest way, just open up one of these trusts and you will pay zero dollars in tax for the rest of your life.
Yeah, exactly right.
So all my businesses are registered in Wyoming for privacy, low tax, and very low filing fees.
South Dakota and Montana.
Montana, yeah.
They do a lot of that too.