TanaNari
Verified Dick
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- Jan 10, 2015
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By distributing it, mainly. "The Family" can be obscenely wealthy, but no individual member is necessarily all that rich.I have heard before that there are some families/companies we barely ever hear of that are way way way richer than guys like Bill Gates or Elon Musk or Jeff Bezos and the like
I question how they stay undercover so much, when they're so rich and influential
That and few people go the route of keeping a lot of showy capital. Most of the big players are more akin to the Buffet approach of investing the money as soon as they get it and living relatively quiet upper-middle-class lifestyles with upper-middle-class neighbors. While quite literally being able to buy their entire neighborhood if they felt like it.
That and keeping most of the assets directly within the business so on paper they really are "only" upper-middle-class.
It's the smarter approach anyway. See, if it's transferred to the business it gets taxed. And then if it's given directly to the owner, it gets taxed a second time. But so long as it remains in business coffers... it only gets taxed if it gets used for something that isn't a business expense.
You'd be astonished what any half-competent accountant can justify as business expenses.
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