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The TRUTH Behind Why Rich People Don't Want A Big Salary

2024-06-08 Education
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Minority Mindset
Minority Mindset
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Top Comments (10)

@randombandit362 2024-06-08

Rich people own businesses and the businesses own the assets, they don’t.

30 1 replies
@vos11749 2024-06-08

I am currently working for a company that offers a employee stock program. My coworkers laugh at me when I say. " I work for stocks dude." This video kinda reinforced that mind set.

20 3 replies
@twobrotherscycleanda 2024-06-08

A suggestion for a future episode. Teaching us Blue collar simpletons how to read financials for stocks such as PE ratio (27x valuation).

7
@getbusydrizzy5296 2024-06-08

BEEN WAITING ON A VIDEO LIKE THIS

5
@Starship007 2024-06-08

I have middle class friends that stay below the next tax bracket to save dollars

5
@mannya_realtor 2024-06-08

Profits are taxed less than salaries.

5
@SashaBuzko 2024-06-08

An important nuance: when the company pays your salary, it's exempt from the corporate taxes because it's a part of its expenses. But if you take money from the profits (assuming dividends), it's distributed on the after-tax basis. And then you pay your own taxes on the dividends. It's commonly referred to as double taxation. So overall, the tax savings are not that great, maybe even non-existent. The impact on valuation may be real. But generally, the very rich use other mechanisms to get paid. Like borrowing money using their stock as collateral. In this case, they get the cash for their expenses but pay no taxes at all because loans are not taxable.

4
@jemeljordan-butler4510 2024-06-08

This reminds me of when it came out that Zuckerberg was pledging all of his salary to charity…

3
@nmccw3245 2024-06-08

W-2 income is taxed mercilessly. You don’t want to be paid like an employee.

1
@MinorityMindset 2025-08-30

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