Why billionaires only take home $1 a year

Why billionaires only take home $1 a year. Like Elon Musk, only take home $1. It's not because they're humble. Benny Corp. The CEO. American company. Him a salary of $10 million. But Mister Benny, he knows if he takes a normal salary, the IRS will swallow nearly half of it in federal income tax. $5 million gone, just like that. Refuses, he looks and says, a salary of $1. The media praises him. Time magazine writes him up. Him a humble hero who only cares about the mission. But Mister Benny isn't working for free. Instead of cash, the company pays him $10 million in stock. Here's the trick. Thanks to a legal loophole, tax code the IRS. Can't tax that. As he doesn't sell. His income tax bill instantly drops to zero. But Mister Benny still needs cash to buy mansions in Malibu, private jets, and a fleet of Range Rovers. So he walks into the First National Stick Bank. Hands them his stock as collateral, and walks out with a massive tax-free loan. He gets all the money. He pays zero income tax. The best part? America still thinks he's just a hardworking CEO of the year. It isn't tax evasion. It's tax engineering. And the rich have been using it for decades. Follow for more financial strategies. Most people never learn about.