Contents
- Introduction
- Preface
- Overview
- Relief Valve
- LECTURE 1: Why We Are In The Dark About Money
- LECTURE 2: The Con
- LECTURE 3: The Vatican-Central to the Origins of Money & Power
- LECTURE 4: London The Corporation Origins of Opium Drug Smuggling
- LECTURE 5: U.S. Pirates, Boston Brahmins Opium Drug Smugglers
- LECTURE 6: The Shady Origins Of The Federal Reserve
-
LECTURE 7: How The Rich Protect Their Money
- What Do You Know About getting Rich?
- Wall Street: How they Make Money
- The Royal Colonies
- Offshore Banking - Panama Papers
- Tax Havens
- Collectibles and Taxes
- Royal Jewels measured in Centuries not Carats
- We Buy Gold
- Free Trade Is Not American
- The Filibuster and Freebooting
- America's Total Debt Report
- Enron: Ultimate agent of the American empire
- What is a Cash Cow?
- Lecture 7 Objectives and Discussion Questions
- LECTURE 8: How To Protect Your Money From The 1% Predators
- LECTURE 9: Final Thoughts
LECTURE 7: HOW THE RICH PROTECT THEIR MONEY
OBJECTIVES
✔ To gain knowledge of the type of financial loop holes or tricks that allow the wealthiest Americans to avoid taxes.
✔ To work out concrete examples, in the classroom, of the kind of techniques that the rich use to protect their wealth, so that these principles seem less abstract and more concrete. Of course, the complexity of the examples will vary by grade level.
✔ To demonstrate how the wealthy eliminate the Estate Tax and pass on estates to their children free of charge. Name a few CEOs who have done this.
DISCUSSION QUESTIONS
1. Why is it that the true effective tax rate for multimillionaires is actually far lower than that indicated by official government statistics?
2. How does a CEO cash in on stocks without triggering capital-gains taxes?
3. How can someone sell his real estate or stake in real estate without triggering capital gains taxes
4. How do stock options allow CEOs to be in charge of taxes on his compensation in a big way?