Richard Branson · Great Business Stories · Richard Branson: 1950-1993
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export-paperwork fraud: declared UK records as exports, got tax-free paperwork, then re-imported them to sell tax-free domestically
UK record tax 33%; fine £70,000
“Buying a great tax-free family home where I can value add tax-free, cash equity out tax-free, and then fundamentals. Aim for that asset to be debt-free buy when you want to retire.”
“The rule of thumb is brokerage money first, then retirement money or IRA money… then we let the Roth crock pot bake as long as it can because it’s tax-free.”
“When you move to an allocated pension… earnings become tax-free, withdrawals become tax-free… you can re-contribute it to super”
“If I'm going to be losing 100 bucks, I've got to live somewhere anyway… the growth is tax free.”
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