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How does anyone live on a 1$ salary like Mark Zuckerberg does and Eric Schmidt did, even Warren Buffett pays himself just a hundred thousand dollars annually and Jeff Bezos even less than that, 80,000$. This doesn't make sense.
How do these people afford their mansions, private jets and yachts? What do they do when they need more money? Sell their shares?
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>>1704896
yep
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>>1704896
they make most of their money from capital gains. The interest they accumulate from their assets is more than some shitty 400k salary, it looks nice to deny a salary, but it is just a gesture, they aren't actually losing out on much relatively.
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>What is compounding interest
Their salary is token at this point. They make more off of their assets than they do from their salary.
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>>1704896
Taxes. Please go read a book or something. This is finance 101
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>>1705070
They own lots of stock in the company which they sell off periodically and can buy at a discount.
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>>1704896
Kneepads isn't just a way of life
It's a source of food..
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Salary is taxed more than bonuses etc
The wageslaves like us making 60k a year have to pay 50% of it but the ultra rich have tons of options to reduce the amount of tax they pay
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>>1705101
or just simply collect the dividends.
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>>1705163
Just google stock options. It's all explained there. It's not a hidden secret.
>ultra rich have tons of options to reduce the amount of tax they pay
Capital gains are taxed at a much lower rate than most people's income taxes.
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