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To potentially win Tesla Model S Plaid and support a great cause go to 😈 Watch exclusive 40 minute documentaries that are too controversial to ever be released to the public: Updated refund policy: Email us within your first month of joining and we'll refund you for your first month. There is no refund if you cancel at a later time. 📹 Take a peak at all the private documentaries here: Fine Art Isn’t About Art. It’s About Evading Taxes: How the Rich & Powerful Hide Their Money: 🎥 Business is complicated. Subscribe to curiosity: ✨ Follow us on TikTok: 🎙️ Subscribe to the 2nd channel, Intellectual Dropouts: ✉ Be the first to watch new videos with email notifications: 📸 Follow me on IG:@jaketran // 💬 Join the community Discord: ✉️ Email me: jake@ 📰 Sources & visuals: ----------------------- You have so much money coming in that you're gonna have to pay way too much to the tax man. You need a way to avoid taxes. And one of the ways to do that is by starting a “charitable foundation”. In 2014, the CEO of GoPro, Nicholas Woodman, had just taken the company public and was all of a sudden worth $3 billion. He was giving away $500 million of GoPro stock to charity. Every news channel praised him as what they called one of America's most generous donors and put him up there with people like Bill Gates and Michael Bloomberg. He was gonna have to pay tens of millions of dollars in taxes anyways, so by simply “giving away” $500m worth of stock, he saved himself from that giant tax bill. And if you want to do the same, then it all starts with step #1: starting your charity. The type of charitable vehicle our friend Woodman used is called a DAF. DAF’s or Donor Advised Funds are basically a charitable savings account used by the rich and powerful, like Mark Zuckerberg, Paul Allen, and the founders of WhatsApp, to control where their money goes and when. So DAFs are basically a charity savings account that is a very powerful tool to influence the world to work in your favor, while maintaining complete anonymity - and saving you taxes. And now that your charity is set up, it’s time to fund it! Donate To Your Own Charity. Once you’ve funded your charity with your own money, why stop there? Why not get other donors involved so you have even more charitable dollars to play around with? Donors are the lifeblood of your charity. But at some point in this process, you’re gonna need help running your foundation. Hire Your Friends and Pay Them A Hefty Salary. Now that you’ve taken care of your friends, you’ve staffed and developed you charity, now it’s time to reap the benefits Spend your charitable dollars lavishly - for the cause, of course. Whether you donate to political organizations or decide to donate to legit charities you support, your choices are endless And boom - you got to make good use of your money that would’ve gone to the tax man. ----------------------- Juan Rios, Ian Ewing - Leña Tesk, No Spirit, Sitting Duck - Driftaway All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please send me an email, jake@, and we can sort it out. Copyright © 2021 Transcend Visuals, LLC. All rights reserved. DISCLAIMER: This video does not provide investment or economic advice and is not professional advice (legal, accounting, tax). The owner of this content is not an investment advisor. Discussion of any securities, trading, or markets is incidental and solely for entertainment purposes. Nothing herein shall constitute a recommendation, investment advice, or an opinion on suitability. The information in this video is provided as of the date of its initial release. The owner of this video expressly disclaims all representations or warranties of accuracy. The owner of this video claims all intellectual property rights, including copyrights, of and related to, this video. AFFILIATE DISCLOSURE: Some of the links in this video's description are affiliate links, meaning, at no additional cost to you, the owner may earn a commission if you click through, make a purchase, and/or opt-in.
