Of course thats wut he did. If he was even smarter he would've found a way to put that money into a trust n be able to insure it n take loans out on that money tax free without actually touching the money itself just using it as collateral
That was recent. A UA-camr made a few vids dropping info about how much was made, the gold place that was working wit The Completion’s group, and how big the gap was between how much was made and what was given is a lot. Also, I caught that advice that Skeem gave out. Invest in Skeem!
How is it tax free income. If you use it for personal use investing it will show up in personal taxes. And when you put the money back to the non profit its public information.
-The money earned is tax free -invest money into low risk investments -Withdraw earnings and report earnings as general investment earnings -You pay tax on that, but it was money you never actually had, so it’s free gain -The larger the charity account, the more you make annually on free money -You never take money from the charity fund that you’d have to report, the money remains as active while invested -The IRS doesn’t have direct access to their account, only their reporting- they just report they have the money. Where it is isn’t known unless they’re audited. They could have had $0 and spent it all and not reported it and it wouldn’t be known without an audit. It’s not that complicated.
That's exactly what happened, and I'd love for him to take this to civil court and get it dragged out in discovery. :)
Of course thats wut he did. If he was even smarter he would've found a way to put that money into a trust n be able to insure it n take loans out on that money tax free without actually touching the money itself just using it as collateral
That's facinating
That was recent.
A UA-camr made a few vids dropping info about how much was made, the gold place that was working wit The Completion’s group, and how big the gap was between how much was made and what was given is a lot.
Also, I caught that advice that Skeem gave out.
Invest in Skeem!
Yeah, I have a hunch you're correct
Isnt like everything that happened withevery little cent of that money recorded and available to see for public?
No
as if it would be hard in any way to giveaway 600,000
How is it tax free income. If you use it for personal use investing it will show up in personal taxes. And when you put the money back to the non profit its public information.
-The money earned is tax free
-invest money into low risk investments
-Withdraw earnings and report earnings as general investment earnings
-You pay tax on that, but it was money you never actually had, so it’s free gain
-The larger the charity account, the more you make annually on free money
-You never take money from the charity fund that you’d have to report, the money remains as active while invested
-The IRS doesn’t have direct access to their account, only their reporting- they just report they have the money. Where it is isn’t known unless they’re audited. They could have had $0 and spent it all and not reported it and it wouldn’t be known without an audit.
It’s not that complicated.
@WeSkeem what do you count as low risk investments that don't get reported to the irs
Sir, what? Re-read and try again.