Bro, how do these super rich guys get to pay no taxes, yet they tax me at 32%?

@leroycrosby_

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SoundTikTok sound · Bezos I

Promoted product

Doge, Elon, Shiba Coin

Why it worked

The video uses a relatable 'us vs. them' financial grievance to hook the viewer, then delivers high-value educational content before pivoting to a casual, native-style mention of crypto assets.

Summary

A man explains the tax avoidance strategy used by the wealthy involving securities-backed lines of credit. The video concludes with a casual mention of specific cryptocurrencies.

Structure

1User asks why the rich pay less tax
2Creator explains the securities-backed line of credit strategy
3Creator explains why this avoids capital gains tax
4Creator mentions the low interest rates on these loans
5Creator pivots to asking about specific crypto coins

Product placement

Doge, Elon, and Shiba coin are mentioned as investment options at the end.

Transcript

Original caption

Taxes? Nah, I’m good 😅 #financialeducation #howtherichlive #cryptoinvesting #finance101 #fypage

More from @leroycrosby_

More breakout videos from this creator.

Bro, how do these super rich guys get to pay no taxes, yet they tax me at 32%? Oh yeah, bro. They just put all their assets in a vehicle and then use that as collateral on a securities-backed line of credit. What's that? Well, instead of selling off all their assets to get cash, triggering the 15% capital gains tax and losing out on all that appreciation, they just keep all their assets invested. The bank gives them a line of credit on it, often as low as 1%, and they just live off that. Huh. Yeah, bro. Hey, have you invested in Doge, Elon, Shiba coin yet?