How Rich People Avoid Paying Taxes | KC Chohan, Founder & CEO of Together CFO

KC Chohan is the Founder & CEO of Together CFO, a tax advisory firm specializing in tax strategy for high-net-worth families. In this episode, KC shares his expertise on tax planning and provides insights on how wealthy individuals can protect their wealth and reduce taxes. He also offers advice for those interested in tax savings, emphasizing that significant wealth is typically required to implement such strategies effectively. https://www.linkedin.com/in/kcchohan ►►THE DAILY CLOSE BRAND NEW NEWSLETTER! INSTITUTIONAL GRADE INDICATORS AND DATA DELIVERED DIRECTLY TO YOUR INBOX, EVERY DAY AT THE DAILY CLOSE. TRADE LIKE THE BIG BOYS. 👉 https://www.thedailyclose.io/ ►►BITGET GET UP TO A $8,000 BONUS IN USDT AND GET MASSIVE DISCOUNTS ON TRADING FEES! 👉 https://thewolfofallstreets.info/bitget ►►NORD VPN GET EXCLUSIVE NORDVPN DEAL - 40% DISCOUNT! IT’S RISK-FREE WITH NORD’S 30-DAY MONEY-BACK GUARANTEE. PROTECT YOUR PRIVACY! 👉 https://nordvpn.com/WolfOfAllStreets ►►COINROUTES TRADE SPOT & DERIVATIVES ACROSS CEFI AND DEFI USING YOUR OWN ACCOUNTS WITH THIS ADVANCED ALGORITHMIC PLATFORM. SAVE TONS OF MONEY ON TRADING FEES LIKE THE PROS! 👉 http://bit.ly/3ZXeYKd ►► JOIN THE FREE WOLF DEN NEWSLETTER, DELIVERED EVERY WEEK DAY! 👉https://thewolfden.substack.com/ Follow Scott Melker: Twitter: https://twitter.com/scottmelker Web: https://www.thewolfofallstreets.io Spotify: https://spoti.fi/30N5FDe Apple podcast: https://apple.co/3FASB2c #Taxes #Crypto #Rich Timestamps: 0:00 Intro 1:45 Minimizing taxes 5:17 Charities 9:10 Not selling 10:40 Loans and interest rates 15:15 How much money do you need 21:40 What to do with crypto? 25:25 Own nothing control everything 28:30 Passing generational wealth tax-free 30:00 Trust vs personal taxes 31:50 CBDC disaster 37:50 The cost to set up the trust 40:30 Wrap up The views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. This video was created for entertainment. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor. Nothing contained in this video constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to "Buy," "Sell," or "Hold" an investment.