The Billionaire Tax Battle: CA vs. MO (And How to Pay Less)

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: ⁠ Have more questions, or want more resources like a tax calculator? Go to ⁠ to learn more about our community. Check out Ben & Bob’s company and invest along at ⁠

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The Billionaire Tax Battle: CA vs. MO (And How to Pay Less) is an episode from Invest Like a Billionaire - The alternative investments & strategies billionaires use to grow wealth by Aspen Funds.

This episode is 00:30:00 long.

This episode was published on Feb 3, 2026.

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