
The Billionaire Tax Battle: CA vs. MO (And How to Pay Less)
About this episode
California is pushing a wealth tax. Missouri just eliminated capital gains tax. What does that mean for investors?In this episode, Ellis Hammond sits down with Bob and Ben Fraser to break down the billionaire tax battle between CA vs. MO—and how high-net-worth investors adapt. Learn how the wealthy use LLCs, balance-sheet thinking, and smart tax strategy to legally protect and grow their wealth.If you want to pay less in taxes and keep more of your returns, this episode is for you.
Don’t miss the 2026 Macro Economic Outlook—announced in the outro of this episode! Sign up here: https://aspenfunds.us/2026-macro-economic-outlook/
Have more questions, or want more resources like a tax calculator? Go to https://investlikeabillionaire.org/ to learn more about our community.
Check out Ben & Bob’s company and invest along at https://aspenfunds.us/
Get every episode summarized
Each time Invest Like a Billionaire publishes, we email you a written briefing from the transcript — the topics, who appeared, and any specific claims, with the ad reads skipped.
Email me new episodesFree for 3 shows. No card needed.
Hosts & guests
No transcript yet
This episode has not been transcribed. Request it and it moves to the front of the queue.
More episodes
More from Invest Like a Billionaire

The 5 Real Estate Rules Everyone Broke (And Lost Billions)
Invest Like a Billionaire

Why Billionaires Choose Funds Over Single-Asset Deals
Invest Like a Billionaire

$1 Trillion in Real Estate Is Breaking (Here’s What Happens Next)
Invest Like a Billionaire

Roth Conversions: Why Waiting Is Costing You Millions
Invest Like a Billionaire