If you have a 10 year loan, you'd put 10 here.

Maintenance, same thing.

So let's just say 1 just for simplicity.

They make you pay more in withholding just to help their cash flow out.

In this example that I did in the previous video, it was the pre tax return on asset.

We could do a series of videos on that.

A man of wealth has to pay a lot of income tax.

So its assets.

This money is for the year's assessment on the Saint Helen of the Blessed Shroud Orphanage in Calumet City, Illinois.

That assets, A for assets, is equal to

And also you can deduct, actually, the property tax.

Malibu Equity and Investments.

At the current value of his estate, the inheritance tax will be at least six million dollars.

I don't want to draw this box.

And rich, eh?

I'll do that in yellow.

It should start to make a little bit of intuitive sense

Malibu Equity and Investments. Roger Van Zant.

Obviously , a machine you can't do all of those things to it, but you can at least touch it and possibly smell and taste it.

liabilities plus equity.

And what I wrote here is, it has 4 billion of liabilities.

So what's 1.25 ?

He is a man of wealth.

He's a wealthy man.

Or across the street from each other.

So the total assets were 5 billion in assets.

You'd have to give up 93 of your net worth.

When legislators and others think about economic development, what they first of all think about are business tax incentives, property tax abatements, job creation tax credits, you know, there are a million of these programs all over the place.

In a world without leverage so if I didn't have all this

So this is just another visual representation that

It doesn't sound like we borrowed money or anything.

Remember liabilities plus equities are equal to assets.

Each share in this case once again, if you believe that the assets are worth 1 million are going to be 1 million.

This is what I assume because I live in California, and in most areas of California, that's the property tax.

But let's say its assets are worth 1 million.

All of the assets needed to start the firm, the pizzeria.

Or they just have a super flush bank account.

Remember, every time it'd issue a loan, like for right here, it issued a 100 gold piece equivalent loan to D and instead of giving D 100 gold pieces from, say, right here, it just created a checking account for D, which later D paid to A and that's why it's labeled A right here. Let me relabel another thing because the gold is a different color just so you see the gold.

But let's just kind of think about a generic balance sheet for a bank.

So 225,000

I guess you could say non cash assets, right?

Are you a man of means?

actually I have to pay a little bit more than that, but we're getting a little bit of income tax savings on the deduction on the property taxes.

So basically Republicans who make more than 250,000 dollars a year don't want to be taxed.

These are my assets, and these are my liabilities.