How to have a billion dollar exit with zero capital gains tax
Well I would not do that.  Just gross, I mean for me, you can do as you wish, dodge this tax and that impost, and then of course end up greasing the wheels because the government is, morally speaking, forced to take bribes at that point if everyone&#x27;s trying to become a billionaire without paying a dollar in capital gains.  Forget the orphanage right?  Or like do you want to make a 510c3 gift, or do a raffle, I mean from your perspective, I&#x27;m trying to see it from your perspective.<p>So like then instead of paying the orphanage tax you pay the Ferrari tax and the...the handbag tax of the brand, but like always dodging actual luxury taxes, just paying for the brand.  Like paying for the advertising, the...the events, like the Rolex sailing thing?  Dude I rather hang out with one of my evicted buddies than go to that shit.  As long as I&#x27;m squandering money, rather buy Jonnie the beer he&#x27;s asking for so he can sleep, without judging him.  And at obviously placing the burden on <i>myself</i> to help <i>him</i>, like making <i>sure</i> I have coins in my pockets for the beggars before I leave my house.  Or a couple times when he asked, I&#x27;d tell him to let me get some change I knew I had at home to bring him.  It&#x27;s this whole Christianity thing.<p>Though normally not talk about that, supposedly charity you&#x27;re not meant to talk about.  Well I guess it&#x27;s not glamorous charity.  And the whole thing about charity being private sort of works sort of doesn&#x27;t, the Gates Foundation has a huge amount of publicity centered around, I think, the size of William Gate&#x27;s fortune, reputed to be the world&#x27;s greatest.  But on the other hand, you have Laurene Powell Jobs, I knew someone she was indirectly paying wages to that had literally no idea where the money was coming from, like she used a corporation instead of a 510c3 for privacy and liberty in giving.  So then Laurene Jobs came out in public, saying (paraphrase) this sucks, why rag on the Jobs&#x27;s so much like they&#x27;re niggardly, and then she opened up about the giving and then that someone I knew found out wages were coming from her.  Basic reason it doesn&#x27;t work is you can&#x27;t know for sure, as a society, if the rich individual is giving anything at all or just hoarding.  That&#x27;s what&#x27;s up in Chile, the rich just hoard.  Acaparan in Spanish, but that&#x27;s like a Communist-word.  Well myself included, compared to Jonnie I&#x27;m rich, no two ways about it.<p>And that&#x27;s why I love paying taxes, so taxes are the escape hatch for this moral dilemma, you can by all means tell everyone what you&#x27;re paying in taxes.  Taxes are not charity.  If you pay...I think I paid $80 extra split half-and-half State of California and Federal taxes, which I could do by asking about a form at the temp job agency at which I worked this...this menial but mostly dignified labor role...so I payed an absolute tax rate of 45%.  I have the W-2 still, looks like I earned $300, obviously outside income but that&#x27;s not what&#x27;s in question.  So that&#x27;s why I&#x27;m quoting numbers, as well as I can remember, because it&#x27;s not charity, it&#x27;s not like being a sugar daddy, it&#x27;s like being a husband.  The money is demanded and if I choose, due to what is considered a masochistic loophole which nobody ever uses or talks about, but which appeared on-screen as a pre-filled 0 so I could ask about it...so because the state demands money and it&#x27;s obligatory in general, that has more dignity.  Because if you can pay a bit, you ought to.  Not like they have to throw a party for you to sign a little check, no, DEMAND it.  Just like education for children, it&#x27;s GOOD that&#x27;s it be OBLIGATORY.  OBLIGATORY.  And if you want to teach your child more after school, by all means.  And like no capital gains on a billion dollars?  OBVIOUSLY TAXES ARE A STUPID POINT SYSTEM BECAUSE EVERYTHING IS A STUPID POINTS SYSTEM, THERE&#x27;S NO ALTERNATIVE, YOU&#x27;RE NOT AS CLEVER AS YOU THINK YOU ARE.  Just submit.<p>Plus being a billionaire makes you a high-value target, in addition to a qualified investor, and there&#x27;s more price discrimination.  The only people that price-discriminate transparently are the Government.  I would say they are the least predatory.  If you really do pay up without avarice, they won&#x27;t chisel you.  And keep in mind the perk of having the FBI available for eg abductions or blackmail, extortion, what you might term &quot;first world problems.&quot;  But not if you&#x27;re dirty from cheating the system.  Totally different vibe.<p>Speaking as to USA, there&#x27;s different situations.  The worst thing, the absolute worst thing, is dropping your US citizenship, because everyone knows the only real reason for that is avoiding taxes, or for avoiding going to war.  Or both.  Then it&#x27;s open season.  When the US Government says, and tax lawyers repeat this, fat pigs get slaughtered, it means you have to show respect for the point system and only hack a little here and there in additive, not multiplicative ways.  And in a manner that conforms to American values and norms.  Like middle-class gets to carve out the primary residence from capital gains I think, that&#x27;s a super American value.[1]  Or like making your career about intellectual property, especially inventions.  What would a house be without them?  Or what would we be without them?  Still apes, no clothes, no fire, no tools.  Hands are for inventions, and hands make us special to the exclusion of everything else.  Otherwise we&#x27;d be knuckle-dragging.  Plus America had so many great inventors, endless, still does they&#x27;re just...it&#x27;s different like everyone&#x27;s delegating now.  Trying to find the innovation in another field, rather than banging them out on their own.  Or AI.[2]<p>Like you <i>can</i> get very very rich in America, just accept the friction it comes with.<p>[1] And it&#x27;s American in tandem with being favored by the tax system, the two are inseparable.<p>[2] Despite this being my line of business, soon to be hosted in www.fgemm.com, I have a negative view of matrix multiplication for this purpose.  I think as a tool in a toolbox, to be used sparingly and not relied upon completely.  Never a substitute for creativity, and thinking.  And using your hands instead of just the brain, real inventors did that.