Chapter 223, Charitable Foundations
The plane drew a trajectory in the sky, and in the first-class cabin of the plane flying from the United States to Hong Kong, Lei Weidong was silently taking stock of what he had gained in the United States this time.
Because he wants to go home for the Spring Festival, Lei Weidong's itinerary to the United States this time is in a hurry, and the time is full every day, either because of the authorization to go to Marvel, or because of the tax to go to the United States company, and to the film company to arrange film shooting, and even yesterday Lei Weidong went to see the private jet he wanted to book, and arranged the theater things to be collected.
It can be said that it is only now that Lei Weidong has had time to sum up his American gains.
Combing through the harvest of the past ten days, Lei Weidong found that his career development in the United States had far exceeded his own planning, and his career was even bigger than that of Hong Kong.
It's really a plan that can't catch up with the changes, originally in Lei Weidong's plan, he wouldn't have gone to Hollywood to make movies so early.
You must know that the local market of Hollywood's film market is all over North America, this is not a small pond in Hong Kong, where the movie tycoons are all predator-level, and later the intervention of big conglomerates made several major film companies amazing.
Originally, Lei Weidong planned to go to Hollywood when his position in Hong Kong and Southeast Asia was stable and he had no worries.
And now that his career in the Hong Kong entertainment industry has not been skimmed, he has begun to go to Hollywood to grab food in those predator bowls!
But what can be done if you don't do this, you must know that according to Midea's speculation, the taxes you have to pay last year and this year will definitely exceed 70 million or even hundreds of millions of dollars.
There is no way that the sales of "Transformers" and "Cauliflower Doll" are too hot, and they can bring themselves at least hundreds of millions of dollars in profits in 78 years.
Such a large sum of money, if you don't plan in advance, if you use legitimate means to minimize profits, at that time, just the taxes handed over to the US Tax Service can make Lei Weidong die of pain, this is a waste of money, and it is not good, and buying those luxury accessories, at least you can still hear a sound, and it will be a big killer to give your girlfriend at that time.
To tell the truth, Lei Weidong, who is a traverser, is too easy to make money, but he doesn't care about these taxes, who let Lei Weidong in his previous life just be a small citizen, or a very thrifty citizen, many times he is reluctant to eat and drink, and save money for his children to go to school and study.
For luxury accessories such as private jets, luxury sports cars, and villas, Lei Weidong's favorite is to invest.
If investing in the stocks of companies such as Intel and HP is tax-free, Lei Weidong will really invest all his taxes on it, but unfortunately the ideal is beautiful, but the reality is cruel.
Midea Company dispelled Lei Weidong's years, there are strict rules for tax rebates in the United States, and it is impossible to enjoy the tax rebate policy for buying shares of ordinary companies, and tax rebates and tax avoidance must be carried out in strict accordance with the law.
However, when buying the theater, Lei Weidong made a surprising discovery.
In the information provided by Midea Company, there is actually information about Hollywood tycoon Lei Shidong.
This is the second-ranked entertainment tycoon in the parallel space world, and his entertainment kingdom is worth more than 100 billion US dollars, Lei Weidong has read his information in many novels and materials in his previous life, and it can be said that if he can have a good relationship with Lei Shidong now, it will be very helpful for Lei Weidong's future career.
And what makes Lei Weidong even more excited is that Lei Shidong has not yet completed the start of an entertainment tycoon, and is now only a major shareholder with more than 100 theaters.
Because the industry has not yet penetrated into the field of television stations and film production, Lei Shidong's status in Hollywood can only be regarded as an ordinary upper-class figure.
Seeing such a good opportunity, Lei Weidong immediately decided to spend $30 million to buy shares in Lei Shidong National Entertainment Co., Ltd. Of course, the specific number of shares that can be bought depends on the operation of Midea's company.
Of course, for high-tech companies such as Intel, Lei Weidong did not give up, after all, in ordinary times, how famous these companies are in the end and how high their value is, it can be said that ordinary people know.
But now Lei Weidong is in the stage of using money, and the dozens of buildings in Hong Kong are waiting for Lei Weidong's funds to go to the pot! So most of the money earned this time was brought back to Hong Kong, but even so, Lei Weidong still took out a handful of cash to buy the shares of these companies.
As for charitable foundations.
Looking at the perfect company's plan, Lei Weidong understood why there are so many rich and celebrities in the United States who are willing to establish charitable foundations, and charitable foundations can indeed help many people, which is undeniable, but the benefits for the founders are also self-evident.
As for Lei Weidong, who once saw the naked donation of the American rich on the Internet, leaving only a small inheritance for his children, he was very excited at the time, thinking that this kind of education method was really great.
But it's good to look at this kind of thing, you don't need to take it too seriously, the reason why those American rich people do this is actually inevitable.
The main reason is that in addition to the high income tax of each person in the United States, there is also a tax that is not available in the mainland, inheritance tax.
As long as it is a developed country in the West, there is a high inheritance tax.
In a general sense, inheritance includes real estate and financial assets, the former is a house, the latter is mainly various stocks, bonds, etc., the main part of the value of the super-rich is stocks, and the value of houses and stocks is determined according to the market price.
In the U.S., estate tax is based on an excess progressive system, with 18 levels ranging from 18% to 50% that are directly related to the total value of the estate.
The biggest feature of the U.S. estate tax system is that it is taxed first and then distributed.
For example, if someone leaves a taxable inheritance of $15 million, his heirs must pay $8 million in inheritance tax before they can get the property.
The larger the total amount of the taxable estate, the higher the tax rate and the more taxes the heirs need to pay first.
This will give birth to another situation, for example, the ancestors left a luxury house with a very high market price, but the descendants can't make up the high inheritance tax, and the house can't be sold for a while, and the house can only be given to the government after the window period.
If the estate is stocks, the effective tax rate is higher, and there is capital gains tax in the United States, where capital gains tax is paid once when the stock is sold, and the inheritance tax is paid again on the money received.
For billionaires of Warren Buffett and Bill Gates, it is basically impossible to reduce their holdings of tens of billions of dollars in stocks in the market, because they can't find so much money to take over. As a result, there is no other way out of these shares than to give them to the government.
Against this backdrop, the wealthy have come up with a good way to inherit the curve, which is to set up a variety of foundations, usually in the name of charity.
Instead of leaving money to their children and grandchildren, the rich donate to foundations, which makes many people think that they are acting noblely, but what they don't know is that it is tax-free to donate their wealth to such private foundations in the name of charity.
More importantly, in Western societies, private property rights are well developed, and such private foundations are neither listed companies nor non-profit enterprises, so there is no need for information disclosure at all, and the appointment procedure of the actual controller of the foundation does not need to be disclosed to the public.
The actual purpose of Western tycoons donating to such foundations is to keep the foundation in the hands of future generations of the family, and such benefits are only one aspect of tax avoidance, and the other is to maintain long-term control of the family.
Since ancient times, China has a saying that "no more than three generations are rich".
That's because the younger generations are not all elites, if a rich man gives all his wealth to his son, but the son is a gentleman, except for the loser, nothing else will be gone, then soon all the family wealth will be squandered.
If you have a lot of children, it will inevitably cause the problem of separation, but the result of splitting the family is that it will get smaller and smaller, and there will not be much property left after three divisions, so "being rich for three generations" is not accidental, it is simply inevitable.
How can you have control over your children and grandchildren after you die? This is a question that Chinese families have been thinking about for a long time.
Setting up a foundation is a great way to keep your long-dead ancestors in control of the family property years later, provided that your children and grandchildren follow the rules and regulations of the foundation.
In fact, such a system existed in ancient China, in ancient times, the imperial power did not go to the countryside, and the control of the ancient emperor was only to the county at most, and the society under the county was within the control of each family force, and the family provided social order.
Judging from a lot of existing historical data, the family industry is similar to a joint-stock liability company, as long as you are a member of the family (surnamed this surname), you have a certain number of shares, and the family business is "divided into shares without separating the family".
If there is a very intelligent child in the family, then the whole family will provide the resources for his further education.
If there is a bad child in the family, the patriarch is responsible for disciplining him, and if he does not listen, then he will be kicked out of the house, which is equivalent to depriving him of his shares.
In many movies and TV series, the "patriarch" who is deliberately scandalized is actually the chairman of the family industry, and the family business is not all the patriarch, but he has the power to distribute it.
Why do large families have ancestral halls? In addition to ancestor worship, it is more important to have a family meeting, similar to a board meeting. family
The major and minor affairs of the family, the dividends at the end of the year according to the number of shares, and the rent paid after the autumn must be discussed at the board of directors.
Lei Weidong has so many wives, there will be more wives in the future, there are a lot of big and small wives, and the remaining sons and daughters will naturally not be less, so how to divide the family property in the future, it is estimated that there will be property disputes in the future, it must be spectacular, you must prepare in advance, and the foundation is naturally the best choice.
Of course, it's still early to say this, although Lei Weidong already has a few wives, but due to his age, he is still a pure teenager, and his son and daughter don't know when they will be born.
Rather than being taken away by the IRS, so much money should be used for charity and make a name for yourself.