Chapter 144： got rich

Chapter 144

Nasdaq continued to be in the doldrums. In April, the court claimed that it had collected evidence to prove that Microsoft did indeed have a monopoly, and Microsoft faced possible penalties for being split.

The front-page headlines of many major economic newspapers shocked investors in a cold sweat "Technology giant Microsoft, the big head fell"!

The panic about technology stocks has finally arrived after the frenetic Internet bubble.

At the same time, Cohen, chief investment analyst of the famous investment bank Goldman Sachs, issued a recommendation to investors to reduce their holdings of technology stocks for the first time in 10 years.

The ethos of Nasdaq suddenly dropped, analysts from all walks of life changed their minds and began to sing badly, and the crisis began to emerge.

Countless investors, foundations, and securities institutions have started a frantic round of selling and ridicule!

Crisis erupted, bubble burst!

Except for a few companies such as IBM, Oracle, Amazon, etc., which barely supported, most high-tech companies, the stock price fell as much as 50.

Yahoo's stock price has fallen to $130, Apple has also fallen from $40 in March to $20, Microsoft, Cisco, AOL

No one can run away!

The entire bubble crisis, which lasted until September 2002, wiped out $5 trillion from the Nasdaq.

This is only the first stage of the bubble burst, and no one can escape this catastrophic bear market. Even Scott Swift's old owner, Merrill Lynch, the world's top securities institution, always avoids risks by means of fund hedging, and the loss this time exceeded 150 billion US dollars!

Fortunately, it is the stock value that evaporates, not the company's cash flow. Otherwise, there is no need to wait until the subprime mortgage crisis, and Merrill Lynch will face the fate of bankruptcy and acquisition.

However, there is one person who sees Noah's Ark of life in this turbulent stock market.

That's Dunn Walker!

Yahoo shorted 10.86 million shares, the borrowing price was $367.4, the repayment price was $131.2, the difference per share was $236.2, and the total profit was $2.565 billion;

The total share capital of Cisco is 7.2 billion shares, and 120 million shares are shorted with a margin of 5. The borrowing price is US$74.3, the repayment price is US$44.6, and the difference per share is US$29.7, with a total profit of US$3.564 billion;

Apple has a total share capital of 234 million, short 8 million shares, borrowing price of $39.4, repayment price of $21.6, a difference of $17.8 per share, and a total profit of $140 million.

In addition, Dunn also earned $270 million from Microsoft, $320 million from aol Time Warner, and $73 million from Dell.

When shorting Amazon, because the multiple was too high and the principal was too small, the position was forced to liquidate when the stock price was still rising, and the loss was $35 million.

Through the first slump stage of this bubble crisis, Dunn made a total of nearly 6.9 billion US dollars from the futures market!

After deducting capital income tax, the total income is 69 (6910) 20 (100.8) 155.58 billion US dollars!

While Dunn was excited, he still had regrets.

It is no wonder that when it comes to the bubble crisis of the Internet, everyone thinks of Yahoo and Cisco. It turns out that these two companies are the big ones. Cisco, in particular, has a total share capital of 7.2 billion shares and a total market value of nearly $550 billion. How much revenue will be generated if you short the total share capital of 5?

$8 billion!

However, as a professional, Scott Swift, as a professional, must not put all his eggs in one basket without predicting the future.

Such a result is destined to lead to a great reduction in Dunn's income.

But Dunn doesn't care, the bubble crisis is not over yet, it is only the first stage of the bubble burst, and the second stage of the 9/11 incident.

In short, Dunn must earn enough capital to acquire Universal Pictures before Vivendi Group suffers huge losses and intends to sell its publishing group and Universal Pictures to recycle funds.

For now, it's not a big problem.

April 15, tax payment period.

Previously, he had been deceived by an accounting firm, and it was not until he communicated with Lily Hirschler that day that he understood that the top companies and the top rich people in the United States must have their own financial management teams.

Outsourced tax companies often avoid a lot of gray cesium areas because of risk issues, which greatly increases their customers' taxes.

Because "Star Wars Episode 1" box office dividends have not yet arrived, Dunn's personal income tax has only paid 7 million US dollars.

But Dunn's corporate income tax paid more than $77 million.

Dunn pays off another $35 million in debt to Marvel Studios, $150 million in "Spider-Man" loans

Subsequently, Dunn injected another 1 billion US dollars into Dunn Films, and gave Scott Swift a big red envelope of 30 million US dollars, with the remaining funds in his hand of 4.25 billion US dollars.

As for the use of such a large sum of money, Dunn consulted with his financial management team, the person in charge was Branca Reyes, a bachelor of finance from MIT and a master of law from Harvard, who was given by Brian Lord. The talents introduced by Dunn have an annual salary of 6 million US dollars!

You know, the president of Dunn Films, Bill McNick's annual salary is only 5 million US dollars.

Of course, he used to get more dividends at 20th Century Fox, with an annual income of between $10,001,500,000, which is currently impossible for Dunn Films.

Blanca Reyes' salary is very high, but he does bring too much convenience to Dunn. The simplest example is that he has successfully negotiated with Lucasfilm, the "Star Wars Prequel 1". Box office dividends will no longer follow the situation of personal income tax, but capital income tax.

This article alone saved Dunn more than $30 million in taxes.

"Last year, Buffett paid a total of $1.736 million in personal income tax." Blanca Reyes looked at Dunn with a half-smile, "Do you know how he did it?"

Tang En was a little bitter, "Just say it, what should I do?"

Blanca Reyes said: "Setting up a trust fund is a common way for the top richest people in the United States to avoid taxes."

"How is it?"

"You know, all the wealthy assets are subject to taxes, including real estate, art, private jets, gold, luxury goods, cruise ships, etc. If once the wealthy capital chain breaks down, these taxes alone are enough to make people Bankruptcy. For example, the Greystone Castle in Beverly Hills was nationalized because it couldn’t pay property taxes and became a tourist attraction.”

Dunn nodded, Niko Raskage was an example, he was swayed by his manager, he bought a lot of art and real estate, but he couldn't pay the tax, so he was forced to shoot a lot of bad movies.

"The trust fund can avoid this situation?" Dunn raised his brows and understood what Blanca Reyes meant.

Blanca Reyes said with a smile: "Yes, personal taxes cannot be delayed, but corporate taxes can be delayed in many ways. If these assets are not placed in the individual's name, but in the fund Under the name of the meeting, even if the capital chain breaks, there will be a buffer zone.”

Tang En suddenly realized, "Good idea!"

Blanca Reyes was afraid that he would not understand, and continued to explain, "This trust fund can be your private fund, so even if you don't have any property in your name, you can still indirectly control these properties through the foundation. . In life, it will not cause any obstacles."

Dunn understood this routine, and said with understanding: "Oh, personal tax avoidance is very troublesome, the federal government is always trying to squeeze the income of the rich, if you are not careful, you will face charges of tax evasion. But for companies, the federal government The government will always introduce various policies to encourage the development of companies.”

Blanca Reyes applauded: "Yes, this is the second benefit of trust funds, which can obtain policy benefits that individuals cannot obtain. Individual tax rates are often fixed, but corporate tax rates vary with the national economy. changes, and more importantly, companies have far more tax avoidance methods than individuals!”

"Like an offshore company?"

"That's right, an offshore company!" Blanca Reyes looked at Dunn with a smile, he finally understood why the young man in front of him had achieved so much success, he was really smart, "If I put the Tax funds are transferred everywhere. This is black money and will be investigated by Interpol. But companies are different. You can use an offshore company to avoid paying taxes. Of course, this process is very complicated. If you are interested, we can slow it down in the future. Talk slowly."

Tang En waved his hand, "Is there a third benefit?"

Blanca Reyes said with a smile: "Yes! For example, buying a private jet If it is purchased by you personally, it is not within the scope of tax reduction, but it is purchased in the name of the company, which is an official expense. , when paying taxes, you need to deduct this part of the expenses.”

Tang En's eyes suddenly lit up, "Isn't that all expenses are within the scope of tax reduction? Buying a car, a house and a plane can all be turned into official expenses, and then meals, accommodation, buying a set, and hosting a party can all be reimbursed. ?"

Blanca Reyes couldn't help laughing, "Theoretically, it's like this, but it doesn't look good on the books."

Tang En laughed, he really has a plan, and a countermeasure!

Rich Americans are really smart to come up with such a shameless tax avoidance method.

It's no wonder that Buffett only pays more than 1 million in taxes a year, and then shouts shamelessly every day to ask the federal government to increase taxes. Damn, if you like paying taxes, don't hire a professional financial management team to avoid taxes?

Be a bitch. The **** still stands the archway!

"Actually, there is a fourth point, which is also the most important point for the rich."

"what?"

"Inheritance tax!"

Blanca Reyeston took a moment and said slowly: "The inheritance tax exceeds 50. After paying the inheritance tax, you have to pay personal income tax, which is unacceptable to anyone. Therefore, the most critical point of the trust fund is to avoid it. estate tax."

Tang En was startled, "Is it possible?"

Blanca Reyes shook her head, "Before dying, by changing the trust fund into a charitable fund, the descendants can completely take over all the wealth of the rich man without paying any fees. In fact, many rich people publicize before his death The same goes for donating all of your property to a charitable foundation."

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Chapter 144