Sorta, it’s more like having your rich parents pay for everything but the “rich parents” is your employer, which is just the corporation you set up to run everything. They usually use a company credit card as their daily use card and leave it to AP to manage
The exact details are of course prickly as fuck but that’s a really basic overview of the idea
You take all your money and you have a lawyer form a charity (no tax) that you control. The charity rakes in even more money and all they make (via investment) is tax free (or practically so)
Meanwhile, since you are employed by that charity, it pays for your mansions, trips, fancy foods, vacations, yachts, whatever you want… Basically it is like having a rich daddy that buys everything for you and you never have to worry about money
I’ve never understood how this is supposed to work. If his money goes into the charity, it’s not his anymore. Seriously, someone please explain?
The things they do daily (food, travel, clothes, haircuts, etc) are expenses of the charity because they work for them and are the “image” of it
Dump their money tax-free into a charity and then use it to fund themselves anyway
So a charity is like a tax free checking account?
Sorta, it’s more like having your rich parents pay for everything but the “rich parents” is your employer, which is just the corporation you set up to run everything. They usually use a company credit card as their daily use card and leave it to AP to manage
The exact details are of course prickly as fuck but that’s a really basic overview of the idea
https://youtu.be/0Cu6EbELZ6I
he explains well
Think of it this way…
You take all your money and you have a lawyer form a charity (no tax) that you control. The charity rakes in even more money and all they make (via investment) is tax free (or practically so)
Meanwhile, since you are employed by that charity, it pays for your mansions, trips, fancy foods, vacations, yachts, whatever you want… Basically it is like having a rich daddy that buys everything for you and you never have to worry about money