What Actually Happens To Your Taxes? : Frank Greeff

Frank Greeff joins James Smith fresh off a $180 million exit for a raw conversation about tax, talent and why the game never really ends. Frank breaks down the $6.2M tax bill from selling his last business, the proposed Australian capital gains changes that would have doubled it, and why, hand on heart, he isn't sure he'd have started his last company if those rules had existed first. Check out Kinso on YouTube : @KinsoAI Follow Frank Greeff on intagram : https://www.instagram.com/frankgreeff_/ Try Kinso: https://www.kinso.ai/ 👁️ Try Neutonic: https://www.neutonic.com/jamessmith 🧪 Check your Test: https://www.manual.co/smith 📝 Business Mentoring: https://www.jamessmith.business 🏋🏼‍♂️ Online Coaching: https://www.jamessmithacademy.com Chapters: 00:00 The $6.2M Tax Bill 03:05 Australia's Proposed Capital Gains Changes 04:19 How Indexation Doubles the Tax to $12M 05:31 "Show Me the Incentive, I'll Show You the Outcome" 06:53 Capital Gains Isn't Income Tax 07:39 The Trickle-Down Effect of Building Businesses 08:55 Gaming the System & the "Nurses and Teachers" Trap 11:13 Killing the Entrepreneurial Spirit 12:44 Why the Rich Leave: Dubai & $1.5M a Year 14:46 The UK £100k Tax Trap 15:50 Becoming a Reddit Hit Piece 16:43 Three of His Network Have Already Left 18:51 New Zealand: No Capital Gains Tax 20:05 Why Australia Is an Entrepreneur's Dream 20:56 Hostels, Sleepwalking Lies & the Woolworths Confession 22:44 How Hard It Is for Brits to Stay in Australia 24:31 Locked Out in the Pandemic 25:50 The "Plane That Couldn't Land" 28:38 Dinner With Tony Abbott & Chris Williamson 31:06 Payroll Tax: The "Temporary" 1950s Tax 31:57 Daniel Priestley & the Lifestyle Business 32:44 The Dinner Bill Analogy: When the Rich Leave 34:31 What Kinso Actually Does 36:29 Filtering Spam & Rebuilding Context 38:39 Fundraising Stories: The Dubai Deck 40:05 Why WhatsApp Is King 41:05 Inside Kinso's Beta & Manual Onboarding 42:53 The Netflix Content Strategy (11.9M Views) 44:48 Thinking Like a Media Company 45:53 The Character Arbitrage 47:56 15 Reels a Day & Trial Reels 49:41 Instagram Edits & the Sauna Guy 50:36 The Nicotine Pouch Trick Shot Ad 51:59 Trying Neutonic on Camera 53:56 TikTok Shop: 45,000 UK Sales 55:56 The Fake "Caught Cheating" Reels Model 57:24 Retail Blows His Mind 58:12 Rate of Sale & the Language of Retail 01:00:43 Business as a Coping Mechanism 01:02:16 Money as a Byproduct of the Game 01:03:35 Relief, Not Happiness, When You Hit Goals 01:04:44 The Pregnancy Analogy & a Live Negotiation 01:07:30 Do You Ever Get Bored? 01:08:20 The Post-Sale Support Group Dinner 01:10:49 Buying the RS6 & Feeling Nothing 01:11:49 What Necker Island Was Really Like 01:13:22 Losing the Ability to Enjoy Things Learn more about your ad choices. Visit megaphone.fm/adchoices