You take all your money and you have a lawyer form a charity (no tax) that you control. The charity rakes in even more money and all they make (via investment) is tax free (or practically so)
Meanwhile, since you are employed by that charity, it pays for your mansions, trips, fancy foods, vacations, yachts, whatever you want… Basically it is like having a rich daddy that buys everything for you and you never have to worry about money
I’ve never understood how this is supposed to work. If his money goes into the charity, it’s not his anymore. Seriously, someone please explain?
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So a charity is like a tax free checking account?
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Think of it this way…
You take all your money and you have a lawyer form a charity (no tax) that you control. The charity rakes in even more money and all they make (via investment) is tax free (or practically so)
Meanwhile, since you are employed by that charity, it pays for your mansions, trips, fancy foods, vacations, yachts, whatever you want… Basically it is like having a rich daddy that buys everything for you and you never have to worry about money
https://youtu.be/0Cu6EbELZ6I
he explains well