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In this episode, we ask:

• How do the .001% navigate their taxes legally?
• What about the ProPublica report?
• How do they legally pay a tiny fraction of their fortunes in taxes?
• What was your reaction to this news?
• As your income rises, do you pay more in taxes?
• Under current law, what is the highest tax bracket?
• What do the ultra high net worth pay?
• How is wealth different from income?
• What will you pay in tax?
• What about loans?
• What about paying back loans?
• What about collateral?
• Do you have a pen and paper?
• What about buying assets?
• What about a home?
• Does your house have an ATM attached?
• When do you pay tax on an asset?
• What about borrowing money?
• Do you pay a tax when you borrow?
• What are the tax advantages of debt?
• What about interest?
• What happens to wealth at death (when you die)?
• What about tax on death benefits for life insurance?
• What is the big divide?
• What about the asset side?
• What’s the caveat?
• What happened in 2013?
• What about buying with after tax dollars?
• What about the step-up in basis?
• What about the $1 salary?
• What about Bank on Yourself®?
• What is premium?
• What is cash value?
• What is death benefit?
• What about buying premium?
• What about borrowing cash value?
• What about when you die, giving your death benefit to your beneficiary?
• What about tax with life insurance?
• What about strategies like bonus depreciation?
• What about rental income?
• What about not issuing dividends?
• What about dividends in life insurance?
• What is a refund of premium?
• What about the option for purchasing PUAs with dividends?
• Are you able to receive the dividend as a check?
• When will tax be due?
• What grows forever?
• When do markets crash?
• What about the generosity of a banker?
• What if stocks go down?
• What about living on stocks?
• What about a margin call?
• Could you come up with the money you need?
• What about the cost of borrowing against the assets?
• What about liquidating?
• What about fixed income assets?
• What about improvement of projections?
• What happens if interest rates rise?
• What about building up significant cash value?
• What about income tax?
• What about estate tax?
• Who needs a trust?
• Who needs an attorney?
• What is the estate tax threshold under current law?
• What reduces the death benefit?
• What happens with unpaid policy loans?
• Are death benefits taxable?
• Are gains taxable?
• What about an example?
• What questions do you have?
• What about beneficiaries?
• What about teaching your children?
• What about Mark’s mom?
• Would you like to meet with Mark Willis, CFP® to discuss your specifics?