How to Legally Not Pay Taxes by Tom Wheelwright
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- čas přidán 15. 09. 2017
- Tom Wheelwright, CPA and Rich Dad Advisor to Robert Kiyosaki, discusses how it's possible to legally not pay taxes and still be very wealthy. He discusses how to take advantage of the tax laws in order to keep more of your money where it belongs - in your pocket! Learn more here:
wealthability.com
Tom Wheelwright covers the specifics of how to achieve tax savings every day of your life using a few simple real life ideas. Wouldn’t it be great to not only learn how to pay less tax but while you are at it, learn how to reduce your chances of an IRS or CRA audit? Most importantly, learn why the tax law is simply a series of stimulus packages for business owners and investors.
Get even more in-depth knowledge and insight on how to permanently reduce your taxes and build massive wealth by reading Tom’s best-selling book Tax-Free Wealth. Learn more here:
taxfreewealthbook.com/
Connect with Tom Wheelwright
Podcast (The WealthAbility Show)
wealthability.com/show/
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I say we all boycott paying till they find that 2.3 trillion they lost/stole!
This guy is wrong. The IRS WILL get you. They have their own courts and you will lose. The amendment creating the IRS may have been questionably ratified, but it is still the law. I know of people that tried this and the IRS came after them and they lost. Do not listen to this idiot!!! I worked for the IRS for over 20 years and know what they will and can do legally, if you do not pay your taxes.
One year employees were told to take all of our legal deductions. So we would get the least back amount or have to pay the least amount. So, I did that for the first time and ended up having to pay more taxes for the first time ever, $860 dollars. This was for 1997. I worked out a plan to pay half of it by April 15 1998 and the other half by June 15 1998. Two years later I got a letter from the investigative office in Cleland, Ohio.
The letter stated that my return from that year had been investigated and they concluded I did that intentionally and would be subject to a reprimanded or dismissed from my position. My job was in on equipment maintenance of electronic equipment. After discussing the issue at the local office level, I worked in Kansas City, MO, telling what went on, I still got a minor letter of reprimand. I should have gone to the union adn filed a grievance. Now if you work for the IRS and owe taxes and cannot pay them all by April 15th you are fired.
@@foxonesplash You should watch the video " IRS fraud. No law requiring American citizens to pay taxes on their labor" it's on Ron Paul's channel. It's pretty interesting, there was an article in the USA Today offering $50,000 to anyone who can find the law. This women who worked for the IRS saw it and thought it was easy money, she looked everywhere and never found the law. I know that doesn't mean anything the IRS will get you regardless. They went after me over a mistake they made. They threatened to go after everything I had and seize all my assets. I had to pay tons of money for a lawyer and CPAs to go over like five years of my returns. After all was said and done I didn't owe them anything. One off the years in question they said I owed more than I even made for the whole year.
There is no value in this video. Bottom line is, if you don’t pay your taxes, the IRS which is headquartered in Puerto Rico, will go after you. They can seize your assets and bank accounts.
Better yet...until they find the $12 trillion they lost/stole. (The $2.3 trillion amount was reported on Sept. 10, 2001 by sec. of defense Rumsfeld; so that's old news.)
@@matthewcastillo9951 Amen!
😎😎😎 I live in Dubai what is tax? 🏄🏄🏄
Is that true Dubai has no taxes too???
JULALAINE LAGAT yes ... you pay 0 in taxes in the United Arab Emirates ... but ... trust me ... it’s. It necessarily the ideal thing ...
@@Maximekamdem why do u think it is?😊
@@julalainelagat8939 i meant that it’s not the ideal thing srry... and why : because there isn’t just money in life .. I can’t live in a place where I won’t be lucky in the long run ...i don’t know How you feel about That but I just can’t .
This Is Dubai Baby. Not the damn western tax culture
Tom’s insight is very informative and educational to say the least. In this short video you really get the idea of how taxes work and how the rich and elite are paying close to zero when the hardworking class are paying 40-60% of their income.
Yeah, this was a good introduction to the whole taxes savings concept. Good job Tom. The more you look into this topic, the more you realize just how many avenues there are to minimize taxes in the US. I actually did a video on this very topic that might give you even more ideas and help you out.
The only person in that room is him. There’s no crowd ... laugh track is from 1972.
EyeWitnessChina lmao he selling snake oil. I know the saying but it was still funny
Yeah, not even one cough in the audience
Do you mean the applaud track at the end?
EyeWitnessChina If you can provide the law which requires an individual to file a tax return you can collect a 50k bounty..
Ya the echo sound is too fake as well, and all the background noise is too much. Kinda annoying plus clearly fake
The IRS is a collection agency for the Federal Reserve
@@unebonnevie oh, ok nice to know
Exactly! The US Federal Reserved is owned and controlled by the true owners of Washington, District of COLUMBIA which is ALL the Usual Historical Suspects. Rome/Vatican and the British Crown Royal along with their Zionist Partners in CRIMES against ALL of Humanity!
Back in the day the W2 form was IMF1040W2, IMF stood for International Monetary Fund.
They stopped the labeling when people started to notice.
It's just a black hole of weird.
no, its an arm of the IMF, it reports to the Fed in order for them to balance YOUR Estate "contributions". ;)
@@1mmune3 Ultimately winds up being split between the Queen, the British Crown and the Vatican, our masters.
Wasted 13 minutes of my life. Literally gave no actual information. All he said was don't be an employee, be a business owner.
Well you're absolutely right, but I got conformation of what I already know from experience. He explained things very well. Maybe you need to study money better.
Actually I heard him say be more than a business owner be an investor that gets assistance from the government and incentives to do business and thus pay no taxes,
which on face value I don't understand but would be remiss not to investigate further
He's expanding your context and making you question your thinking on taxes. A teacher makes you question and search out the answers. You can consult a CPA for a few hundred dollars after this and bring these questions to them to learn the content. Context comes before content.
The point is for you to buy the book.
Joshua, I TOTALLY AGREE!! He's full of baloney as well! I think he did this video to discredit President Trump and to push an underlying agenda! A total waste of time!
The idea is that when you create jobs and help stimulate the economy the government rewards you with tax benefits. There is nothing wrong with that. More should learn how to do this and benefit from its advantages.
I wouldn’t oppose paying taxes so much if they spent our money like they cared about us. The government needs to be downsized..
This guy is wrong. The IRS WILL get you. They have their own courts and you will lose. The amendment creating the IRS may have been questionably ratified, but it is still the law. I know of people that tried this and the IRS came after them and they lost. Do not listen to this idiot!!! I worked for the IRS for over 20 years and know what they will and can do legally, if you do not pay your taxes.
One year employees were told to take all of our legal deductions. So we would get the least back amount or have to pay the least amount. So, I did that for the first time and ended up having to pay more taxes for the first time ever, $860 dollars. This was for 1997. I worked out a plan to pay half of it by April 15 1998 and the other half by June 15 1998. Two years later I got a letter from the investigative office in Cleland, Ohio.
The letter stated that my return from that year had been investigated and they concluded I did that intentionally and would be subject to a reprimanded or dismissed from my position. My job was in on equipment maintenance of electronic equipment. After discussing the issue at the local office level, I worked in Kansas City, MO, telling what went on, I still got a minor letter of reprimand. I should have gone to the union adn filed a grievance. Now if you work for the IRS and owe taxes and cannot pay them all by April 15th you are fired.
@@foxonesplash why would you work for the IRS in the first place? You must be a worshiper of the baphomet too. Lol. Only a satanist would work for such a despicable organization & be able to sleep at night.
The government needs to be reassigned completely with new staff.
@Rabble Repository help people or enable them? There's so many people that apply for these assistance programs that it becomes impossible to employ enough staff to determine who actually qualifies for assistance & who's just a fat lazy slouch taking advantage getting a free ride. They need better assessment tests but just like everything, that won't happen it's better to just throw em in an oven.
@Rabble Repository ,because I said they need better qualification programs? So you just want to give everyone assistance that asks for it? On top of that, you don't like what I said so you'd resort to violence? Then YOU have the AUDACITY to call ME IGNORANT? LOLing my ass off. You're a very sad & angry little fella, ain't ya? Poor thing. Ya, it's called opinions, & also sarcasm. Both of which, normal people don't take so serious, nor do they get so angry over them, that they want to assault others. That right there is ignorance, which clearly you're guilty of, pretty sad, pretty petty, & equally immature. But have faith, we all learn from our mistakes, hopefully by now your mother has learned from hers.
Yawn. 13 + minutes of no information. "how to pay zero taxes; be over here". No instruction, just more hot air.
@Chesapeake Bay
Yeah, right.
And your mamma wears army boots.
If you play the their money game you pay their taxes game. Who doesn't want their cake and eat it to?
They'll teach you, for a fee!
@Chesapeake Bay Can you please elaborate the key points then?
The answer is real estate. Income properties. Cash flow is the answer.
I suspect the audience in this video is not actually there it was put in post production. It took me all of 20 seconds to work this out. Oh internet.
Don't waste 14 mins of your life in fake auditorium. He said that to pay $0 in taxes you need to be a professional investor. That's all the info, You are welcome
Thank you!
Love it! If you can’t get used to rejection, you can’t be an entrepreneur. Tom, your book was the building block of my business (Feedbackwrench Web design) and the Accounting firm we built - Nuance Financial Tax and Accounting in Minnesota.
I personally love “the tax loopholes of real estate” - it totally rocked my consulting and advising
As a new investor, I have watched this video a few times and each time it has given me new insights on how I can earn wealth without being afraid of taxation and audits. Thank you.
itsJanShiva. learn the tax code
google it millions of pages
but one page makes sense...
Donald Trump loss big time $$$
but he knew the the tax code
Called LOSS Carry Forward U
CAN WRITE OFF ALL YOUR LOSSES AND KEEP ON TICKING
jb
How bout telling the truth that there is NO LAW THAT SAYS WE HAVE TO PAY TAXES PERIOD!!! WHERE IS THE LAW?
If you work in the private sector, and your earnings were reported to the IRS with an information return (e.g., Form W-2, 1099), then you are constructively obliged to file an annual Form 1040 *in response* to that information return. Otherwise, it is assumed by the IRS that you owe the taxes they claim you owe. Filing an annual Form 1040 is *your lawful testimony* in response to your workplace's/payer's testimony on the information return.
Um, the 16th Amendment?
You gotta know how to work the 13th amendments into your life to make this status fact once you fill out contracts u are now obligated by your signature etc ..
@@based_yeoman9138 Sir, you have been misinformed. Allow me to correct you.
www.answers.com/Q/What_did_the_16th_Amendment_give_Congress_the_right_to_do
Read that through all the way.
Here is the Brushaber case for you to read as well.
www.hiddenmysteries.org/law/research/BrushabervUnionPacific.pdf
👍
@@chetpomeroy1399 You are partly correct. I help people legally get OUT of paying Income Tax, so there is always some thinking to correct.
All of the forms you have involvement with (W4, W2, 1099, etc.), these are all "Privileged Pay" reporting forms.
When you work in the private sector, legally, you are not required to use those forms. But the IRS still wants you to use all of those forms because the IRS badly WANTS you to declare your private sector earnings as privileged income so that the IRS can legally presume that they are legally entitled to a cut of your pay.
If this "presumption" by the IRS is not addressed and properly rebutted by you, the IRS can, and will get what they have presumed is coming to them, which happens on a daily basis.
When you normally file a 1040, and use the privileged income documents that your private sector employers have unwittingly sent to you and the IRS, by filing, you confirm (and more than likely unknowingly lie) that you are making privileged income when you could very well be making private sector income, which is exempt from taxation. You think that the IRS is going to be honest and tell you that you are not required to file? Rarely, if ever, but probably not.
Everything this guy said is true. . why all the fuss??
The whole point of what he said, is that if you employ people & create employment you will be treated differently. The people who take the risks of going into business are special people because 2/3 of everyone who opens a business fails. They lose all of the money that they risked many times on many different ventures. Eventually, you get smart & become the 1/3 that wins.
But why only investment has 0%? Why not normal jobx have 0%? Taxation is wrong.
That’s bullshit
This video was very informative on you to pay less taxes legally. We should all learn to move from an employee and self employed mentally to becoming a business owner and investor and greatly reduce the amount of taxes we pay.
It's simple: as an "employee", I merely claimed "exempt" on the W-4, and NEVER filed another 1040 - because I learned the difference between a "person" and a man. I also read and comprehended the definition of "United States" in Title 26, sec 7701. It's ONLY the D.C. (and may also include the territories and possessions) - NOT the "states of the union".
I don’t pay taxes as there is no law that requires me to do so.
Do not get us in trouble.
Education is Power!
(If it's the Right Education!)
07 CBR1000RR we are all already in trouble. We have a lying, criminal government
If you're not paying taxes, you're homeless, no transportation and eating out of a dumpster.
16th Amendment??
Question about depreciation on rental property. When I sold my first property, I was told by my CPA that depreciation on a rental property is a deferred tax. I had to pay around $13,000 in tax because I depreciated the property. Is there anyway to avoid that tax?
Get rid of the IRS and have a national sales tax... fair tax. .Org
@Rabble Repository You mean: bass ackwards.
Don't ever - EVER file a tax return, I mean NEVER EVER not even once, doing so VOLUNTEERS you into the "system".
True. Soon as I filed I start getting wage garnishments.
Then what do u suggest
@@KK-nk4uv Don't ever - EVER file a tax return, I mean NEVER EVER not even once, doing so VOLUNTEERS you into the "system".
@@enochenoch9813 I got that but what alternative do u suggest
@@KK-nk4uv Asked and answered. Take it up with the Lord.
While not a lot of detail, a great message that was presented well.
Thank you Tom Wheelwright, your presentation makes perfect sense!!
I loved this. Especially the break down between each president and candidate in their proper categories.
Everything said here is exactly what Robert Kiyosaki says to do and nothing more. How about explaining the tax pros and cons of different corp types and how to actually spend the money generated by your investments outside of the standard write offs. Now that would be very helpful. Writing yourself a big check is a big red flag.
Hi Alex, we do cover many of those topics on our website: S Corporations: www.corporatedirect.com/start-a-business/entity-types/s-corporation/ , C Corporations: www.corporatedirect.com/start-a-business/entity-types/c-corporation/ , LLCs: www.corporatedirect.com/blog/top-12-llc-advantages-and-disadvantages/ It's difficult to cover every use case in a CZcams video, so this is a high level, introductory video. You can also get more information about these topics in our books and courses. Thanks for your feedback.
After reviewing your website, I didn't see the answers to those questions. Hopefully you can produce a video to address them one day. I'm sure many would enjoy to see it.
Because different corp types will have different applications based on your individual and personal needs. You NEED to talk to an accountant, not watch a youtube video.
Alex Cordero you cannot vet that privileged information for free. You will have to 1. Sign up for their plan. 2. Buy their book.
Set up a private for-profit entity--namely an LLC--that elects to be legally treated as a corporation (e.g. C, S, or B type [assuming it is an option]), maximize the number of tax deductions said entity is legally entitled to.
Zero out the corporation's profits, by donating remaining profits to a non-profit organization that you are a founder of, to offset tax liability. Keep all assets separate completely from the corporate entities, both for- and non-profit, by storing them in separate limited partnerships in which you, the original owner of the for-profit and founder of the non-profit entities, respectively, own the sole general partnership interest, while at least one other person serves as a limited partner.
As the general partner, you have total control over what can be done with the assets residing in that limited partnership utilized by the corporations, which merely collect revenue on the assets they utilize via said limited partnership.
My personal recommendation when choosing a type of non-profit organization would definitely be the 501(d) type, as it is more flexible than a 501(c)(3) and has more benefits. Also, make sure your general partnership and limited partnership interests in the limited partnerships are owned by revocable trusts to ensure your assets will live on and be managed by an assigned fiduciary well after you and your partners' have passed on, the same applies to both the for-profit corporations you owned and the non-profit corporations you founded originally when you were alive.
That makes me smart
Entrepreneurs are riding on the backs of their predecessors, inventors.
Tom, thank you so much for this video. Can you go from S to I, avoiding B?
Nothing is impossible if you are willing to pay the price to get there, and the price is how much time are you willing to invest.
There is no law that says you have to pay your taxes.
True. And they are bullies with guns and surveillance and this video "Might" be a ploy to stockpile people who desire to not pay taxes
Gordon kahl showed people how to actually not pay taxes and the govt killed him. Same thing with others who did the same
Kane6676 Gordon Kahn
You have to pay your share to the crown
There is no law that says if you jump off of a 5 story building and land on the ground below you will get hurt.
Thank you =)
living in the past hetero tull
I am a service business owner and I pay no taxes each year with my expense deductions..
Thanks
Why would you make this snide remark to him? All he is doing is correctly using the tax laws.
@theory816 Taxes are to keep the rich and wealthy rich and wealthy.. Sales taxes are for upkeep and repair of roads, etc. Social Security, income taxes never get to the people..
@theory816 The IRS is not a charity. Income tax was not instituted to "help the people." US Constitution, Article I, Section 8, Clause 1: The Congress shall have Power to lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States;
THE SIXTEENTH AMENDMENT: The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.
@theory816 No I'm not. :) I'm just showing you the Constitutional amendment and clause that the government uses to justify collecting the taxes that we pay. You need to understand me- I pay my taxes. But if the IRS tells me that I am permitted to pay fewer taxes if I do X Y and Z, then they are ENCOURAGING me to actually DO XYZ so I CAN pay fewer taxes. On the other hand.... have you seen this video about the actual legality of the IRS requiring us to pay income tax? I just found it. :) czcams.com/video/AcdNCz_7Qo0/video.html
What chapter & section of the law states I have to pay income tax?
Does this count for The Netherlands too? Do you have the right connections to grt this done?
Tom is heck of a CPA.
I love him!
Tax free wealth by Tom wheelwright is a good book. Every entrepreneurs should read it.
Saw a guy get public about refusing to pay federal and Washington state taxes back in 1981 on Whidbey Island in Washington state. The IRS came to a successful pizza business at 2:00PM one day, turned off and locked the power box, locked and sealed the doors and posted no entry notices on the building. Two weeks later I bought the contents of the 68 table 150 seat business for the auction price of $2,800. Two $5,000 pizza ovens, walk-in fridges and freezers, the juke box had $125 in it, the cigarette machine had $75 in it, all prep tables, digital scales, pots pans, dishwasher, utensils and cleaning supplies, foosball table, a couple video machines and more.
How do I go from s to b? I don’t know where to even start???
Sell everything, buy a land yacht, overland expedition vehicle or yacht; work remotely living in no country......that's what I do.
Cryptoversity no you dont
This guy right here... Bet he typed that comment off from his off-grid floating command center.
@@dailykaizen8313 Lol, I never said I had a yacht wally, that's next. Gotta wait for bitcoin to go up a bit more. I said,.....well, learn to read instead of being a bitch ass hater exposing yourself as a complete loser projecting your own lack of imagination.
@@dailykaizen8313 The dumbest thing is that kaizen is about efficiency......and here you are spending your time showing the world how small minded you are. YOu need to call your channel DailyLoser .
@@bhamjacob And why are you and @DailyLoser watching this? You need to make money before you can escape taxes.....put your laptop away, put down your lube and go out and do something productive.
I get it. It makes total sense. One of the hardest lessons in Small Business is that when things get tough in the economy, and you have 1 and up to 50 employees, you are a small business. You don't qualify to collect unemployment, even if you are paying into the unemployment fund as an employer. It's really messed up. If you employ over 50 employees, you will start to see the benefits like he is describing. The toughest place is to be in a micro small business where I have been residing. I made micro business up. There is no such category. You are treated the same as these larger companies. It's tough, because you work in the field and have to do the paperwork as well. It's daunting. This is where you are screwed until you get out of your comfort zone and get bigger. Form a corporation and share the wealth with real players. It's a large rung to step on the ladder.
Interesting video....It’s every persons right to pay as little tax as possible. Tom confirms it in this video. Investors are not afraid of being audited if everything is done legally.
So who is the team and people we need to contact for this? You didn't site any information as to who to talk to to start this?
Nothing is said in the first 3:30. That's a total waste of the first fourth of the video. The rest has nothing actionable in it either. It's nothing more than "You gotta move from this box "E" to the box "I" to get better. Oh, and you're scared."
Atheist In Louisiana. makes sense get out of W2 employee thinking
and get into investment thinking
especially real estate passive income tax write-offs deductions
etc.jb
But the video says nothing about that. Seriously, the video doesn't say anything about what "W2 employee thinking" or "investment thinking" are. It doesn't say anything about how to go from "box E" to "box I". There is absolutely no actionable information in it at all. It's just clickbait.
Atheist In Louisiana. Im an accountant handled D Trump
and Merv Griffin RIP Resorts Intl
deal while at a major law firm in NYC....this video could never tell
you that cause he really teaching you Tax avoidance not tax evasion.. So the quadrants are showing u how it works....you must get over to I. quadrant because
your coming into passive income
designed to give you deductions depreciation writeoffs leading to wealth cause your paying 0 taxes...
called Loss Carryforward in the tax code....The corporation is key
here owning assets to get that done.....Rich Dad shows you this...
Congress purposely did this to stimulate business assets and investors building development and creating jobs jobs jobs why
because they get huge tax revenues...
real estate is really bout finance
so debt or OPM others people money becomes the issue..
this video is broken down into
generalities can never specifically
show you anything until your in the game sought of like theory now go and practice or do it..jb
Atheist In Louisiana. go get the book rich dad poor dad...
then look at the real estate investment book of rich dad poor dad....do you realize that Pres Trump and Kiyasky mispelled
author of rich dad poor dad were
partners for a while there doing deals jb
I don't believe you are who you claim to be. Since you have resorted to lying and not addressing anything that I've said, I'm going to end our conversation here. Please enjoy the remainder of your day.
Thank you for the insight. I have a great job and I'm sick and tired of paying 600 to sometimes1000 dollars a week in taxes I don't have hardly any debt and would like to do something to lower my taxes since my kids are gone I don't have any deductions. I thought of starting a small business at my house but my CPA who I don't really trust advised against it so I'm not sure what to do. I am a jack of all trades and could easily fix up houses or cars but not sure how to go about it or what to do. Please help anyone.
Curious George check out bigger pockets podcast. I think you'd be successful with buying properties cheap that need fixing up, and turning them into rental properties with higher rent
lol youre poor you will always pay more. thats the world. trump isnt smart he was born rich....
Hey hook up let's open a business iv been looking too
I rarely talk on these topics. But it’s rare to see someone reach out in this manner. First off to the people talking about trump and the golden spoon.... what about; “Bernard Baruch, Jesse Livermore, John Templeton, George Soros, Stanley Druckenmiller, Paul Tudor Jones, Ray Dalio... You want to get in the “I” category? Follow these guys. Read their books and study; currencies, equities, and commodities. The approach is not normal, not easy but challenging! Owning a business or rental property is ALOT of Work! Investing, to me, is a giant game that is always open. As Warren buffet says, “each stock is like a pitcher and a batter in baseball. But in trading, the batter can sit and wait for the perfect pitch.” Paul Tudor Jones calls it “asymmetric trading”. Soros calls it the “Alchemy of Finance”. Best of luck.
Get a second opinion from a different CPA
How do they take a salary ?
You do not have to go from 1 to the other. You can go straight to 'I' by buying rental properties, as Robert Kiyosaki teaches in his book "Cashflow Quadrant" As featured in his book by that title.
Mo Fo
The problem with that is you need and average of 4 million to make any decent return on your investment. Not many people have an extra 4 million lying around.
Everytime I watch Mr. Robert Kiyosaki on his teaching of taxes and becoming wealthy with very little investment it encourages me to go out and invest smart and gain wealth.
This is the best advice anyone can ever give. Successful future building techniques at its finest. What a Great speaker.
Ok so, where do you find the official documentation for achieving the investor tax rate?
Your info was great, however most was what we already aware of & implement(though there were other great tips we learned & will look into from the excellent info you provided .
And that didn't tell us anything. Like how exactly do we do this???
bitario723 YEA NO SHIT!
bitario723 get financial education.
harish bahmani the title says "how to...". Therefore it is misleading.
he did tell you and you dont understand thats why you will always be poor
bishop198666 first of all I'm in the top 5% in the USA so I am far from poor. Secondly I watched the entire video and no, he did not say how. Please enlighten me with your wisdom, or will you always be full of shit???
Why not a flat tax for everyone one (i.e. 10% gov't defense, 10% state infrastructure, 10% county services).. No exemptions or loopholes for anyone.
perezm714, because they would raise it to 20% then 30%, when income tax was first introduced in 1913 it was at 1% which No one really had a problem with
Cause there is no real justice in the world.
What you are saying is fair for everyone, but not for the rich , they make the rules and laws work for them.
Visit Losthorizons.com
How about do away with counties alltogether?
We arent riding to the county seats anymore.
How about instead we all just stop paying at once, and tell the traitors in our government to go to hell, no more wars for Israhell's Yinon plan for greater Israel...
Length of video is 13:37
EDP: Entrepreneurship Development Program (yeah right)
Does Tom pay tax from the proceeds of his lectures
Wow! Knowledge. Thank you.
Can you come teach us how to make money without paying taxes in Canada. 😎
@Cathy Laurent ; from what I can tell Canda is similar to Denmark or New Zealand when it comes to taxes (they are efficient and organized at taxing and stealth taxing, but you at least get many socialist/public services....as opposed to america which is innefficient, incredibly wasteful and being ruthless money-grabbers with tax while delivering all of the money to corporation yet practically no public services except the socialist things which deliver anti-eugenics and social decay only (empowerment of single moms to have another kid to another baby-daddy who will statistically enslaved in a private prison + paying soldiers till they need treatment for PTSD) so they can say "look how bad socialism is.
On the other side, Americans also deliver Capitalism wrong so the left can say "look how bad capitalism is......when it is just crony-capitalism/corporate-welfare.
"Permanently reducing" your taxes is not the same as ELIMINATING taxes. (I assume we are talking about the Federal Income Tax. Is that correct?)
So, which is it? Reducing or eliminating?
Robert Kiyosaki explains the Employee/Self-Employed/Business/Investor quadrants in "Cash Flow Quadrant". When I was a low 6 figure employee I paid mid 20% federal taxes, California state taxes of 10%, 7% Social Security and 2% Medicare or a bit over 40% total taxes. The year I sold $1million dollars of stock options my total tax was over 50%. I took that money and became a real estate investor. To go slow, I bought CA houses for cash. CA has very little cash flow so I netted less than $20,000 a year, especially with depreciation allowance. I'm sure you are crying that I am a poor person. I pretty much made appreciation, pretty good in CA, even after paying depreciation recapture. Let's say I bought real estate in a high return state and had $100,000 of net income. I could buy or refinance my rentals with mortgages with $100,000 of interest deductions (check with your accountant, tax law changes all the time). So I make less cashflow, but am In a low tax bracket. By deciding how much I want to pay in mortgage interest I can decide my taxable income. Try deciding how much your taxable income is Mr. Employee. It's that "Quadrant" thing!
In other words be as sneaky and a good theif as the government!! It takes a theif to catch a theif
Jamieriggensyahoo.com187 Riggens no
That looks a lot like Robert Kiyosaki's cash flow quadrant. Thanks.
christdragon yup. Why not just be an investor and skip the other 3
↔
I'm not familiar with his acronyms. What is "E.D.P."? Nevermind, I found it: Entrepreneur Development Program by Robert Kiyosaki
So if I have a little capital I can skip straight to I correct?
Nice Kiosaki quadrant.
So... how do I structure my Bitcoin investment to pay no capital gains or other tax?
Channel your Bitcoin into real-life assets/investments.
You will get CGT rebates on your trading gains AND you get further tax rebates from investing.
Bottom line: NEVER use your Bitcoin gains to make fancy/expensive personal purchases (i.e lambos, diamonds, vintage cars). Luxury items have the worst tax/VAT/GST rates of all assets.
James Dean, go to aceofcoins.com - you can defer taxes for Bitcoin
Start a non profit
My question is why don't you turn the camera to see the crowd
Kinda miss leading title. This is very elevated and not into the weeds of the how to make the leap to the other side. Would really like to hear a much deeper explanation of how to get there.
Waste of time...you already know what he said: the government loves entrepreneurs and business people who pays zero tax.
No real information at all in the video
I don't pay taxes because i make money from investing in the stock market
I make money from the stock market too, I don't pay taxes i wonder why people complain about taxes when you can make money from investing in stocks and not pay any tax
A lot of people make money from the stock market and it bothers me because i don't know how to about investing in the stock market. I don't understand it
Most people who make money from the stock market don't know how to trade stocks they just get an expert stock trader to trade for them
My colleague at work makes $60k from the stock market and he doesn't know anything about the stock market he uses the help of an expert trader too
I WILL LIKE TO START MAKING MONEY FROM THE STOCK MARKET CAN ANYONE SHARE THEIR EXPERT TRADER WITH ME?
ABSOLUTELY Magnificent Insight
Great explanation about taxes
All of these politicians are at least big business - ever hear of the Clinton Foundation?
They do it illegally. They aren't smart enough to figure it out legally.
fireball1 ;
Nobody pays taxes on Real Estate used for profit, unless their an idiot.
Info starts at 13:30. You're welcome.
This one is a good opening eyes for all those who afraid of getting involve in investment!
Thanks for all the info to save tax so you can invest . Instead of you work for your money, your money works for you
this fella IS AN ABSOLUTE LIER👎🏿😡❗️
According Truthful To Tax Law/Code Professionals.
According To These Professionals, ABSOLUTELY NO Empoyee Is Liable To Pay ANT TAXES ON THEIR LABOR, Because THERES ABSOLUTELY NO LAW REQUIRING US TO DO SO👍🏿❗️
m.czcams.com/video/AcdNCz_7Qo0/video.html
Hi princess.mr.caribbean admiring u.nyc..which state u in?
About Taxes
Article 1 section 10 of the USA 1789/1791 constitution prohibits States from using anything but actual gold and silver coin as tender and payment of debt. So how do they tax you in Federal Reserve notes? Federal Reserve notes are defined as obligations in The District of Columbia Act.
The U.S. in this case, is the federal corporation the District of Columbia, also known as USDC or the UNITED STATES. It was created by the congressional act of 1871. Also see 28 USC 3002 (15) “United States” means- (A) a Federal corporation; prohibits states from taxing federal obligations except for corporations. So if a US citizen or resident alien can be taxed in Federal Reserve notes, then they are a United States corporation/ U.S. citizen. A State Citizen is not, and no unconstitutional tax can be levied against a State Citizen. And congress has not authority over State Citizens. Since many across this nation has figured out the citizenship fraud, and are correcting the fraud via passport, the enemy is in panic. The IRS has the right to inquire about taxes if you cannot prove State Citizenship. See…"Unless the defendant can prove he is not a citizen of the United States, the IRS has the right to inquire and determine a tax liability." U.S. v. Slater, 545 Fed. Supp. 179,182 (1982).
So order lots of certified copies of your birth certificate. If you receive letters from any government entity, mail them a certified copy of the birth certificate with a CEASE AND DESIST letter. (An example cease and desist is at the end of this treatise.) Do this for each and every letter they send you. Always mail it back to the address you got it from, as well as to the address they want you to answer. They may send you a letter form a different address later. That’s how they try and get around it. I have mailed about 7 letters before they stopped. Some of the envelopes I didn’t even open. Do not let them scare you. Then they are finished. This goes for any government entity. (An example cease and desist is at the end of this treatise.)
Do not panic should you receive scare letters certified mail or not. They are meant to scare you into capitulation. They are meaningless, but they look like they have official jurisdiction and sites lots of law and etc… They most typically use words such as offer, request, proposal, notice of non filing, you need to, we want you to, we need you to, possible prosecution, (note the word possible) and etc… And the enemy sometimes stuffs your mailbox full of these official looking scare letters, to enhance the scare factor. (4 or 5 at a time.) And send them often. They are trying scare you into obedience. These letters are carefully crafted to leave you shaking with fear. The people who receive them, send back a cease and desist letter with birth certificate. (An example cease and desist is at the end of this treatise.)
"how to" ... my a$$ ... let me talk about this image i drew for 15 minutes ...
Excellent Video! It's simplified and for those that are in tune and ready to receive it.. it makes perfect since. Thanks.
Did he get the information from the Cash Flow Quadrant?
Cashflow 202
@@SamFreedom okay
@@JSangmaria I'm sorry, that 4 square IS from cashflow quadrant but Cashfliw 202 does deal more with investing.
Didn’t really give much detail besides Investors doesn’t pay tax. A waste of time
The answers is to put all your expenses like business expenses
Since when is an investor a true entrepreneur? They're just gypsies who shuffle money around, no actual value created.
Kevin Zhou some company wouldn’t exist if they didn’t had capital :
Money don’t come out of thin air but from hard labour
@@evaristegalois8600 Hmm money doesn't come out of thin air, didn't know that. Thanks for enlightening me.
Look man, at the end of the day somebody has to actually make something or offer a service. Putting up the money is a very passive role, kind of like just providing fuel. Whoever is putting in the work...coming up with ideas and so forth- they are the true entrepreneur, end of story.
Kevin Zhou Kevin Zhou I absolutely agree with you but the deal breaker is :
WHEN YOU INVEST YOUR OWN MONEY YOURE ARE MORE VIGILANT ABOUT THE OUTCOME (YOU want to make a profit most of the time creating value )
Look at the postal service or dmv
In my humble opinion the private sector most of the time is more efficient Than the government.
Al respect investment it is a self reinforcing mechanism the money go in the long run in the most profitable business (who creates more value).
I assume that when you have a respectable returns on asset you have allocated well the capital (NOT ANYONE CAN ALLOCATE THE MOST EFFICIENTLY THE CAPITAL)
Of course the investor don’t invent anything but he finance the creator or entrepreneur and his role is important(in my opinion).
An economy with credit grow faster than one without
This video will explain more in detail
My view about why only the fact to have investor is good for the economy
m.czcams.com/video/vj7XExwChwI/video.html
I can assure you I've taught this to people but they don't do it there's no gradual conversion to being a business man or investor, your either a business man or not. Teach this to kids not adults coz their already used to doing what they do.
teflon don my experience has been the same. Focus on the kids 10 to 14 seem the most response to logic.
The guy who wrote this comment is a genius
Easier to build strong children than it is to fix broken men
What law is the tax law?
Where do I find it?
Just lost it when he pulled out the baby talk and said "that's cwayzy"!
You have to go from here to here and ultimately down here.
I am sorry Where?? I am lost here.
@HOF_Coach Tim Mendoza He is selling a BS dream that works ONLY for people with the "right" connections or the "right" family name.
How convenient of him NOT to mention that Trump's father was already a magnate in real estate business? How convenient of him to occult the fact that Clinton went to free mason Harvard.
He talks as if everyone can start their corner shop and become a "Big businesse" after 10 years or lifetime. Well, he said it himself. Small businesses are taxed SO BADLY that they often spend so much energy trying to SURVIVE rather than trying to grow.
Furthermore, the information that he is hiding is that to go from Small business to Big business, you often have to sell yourself and your enterprise to shareholders, investors, existing big corporations and other sharks who will eventually trample your original principles. Well, some people just want to serve their communities, not rack big bucks. It is just a shame that governments reward them with big taxes rather than allow them to operate without hurdles.
I guess everyone is nothing but a peon to the IMF and the BIS...until they aren't anymore.
Anyone else laugh at 7:40 when he said "this is hilary..." Then wrote 'Cunt' on the board before they zoomed out?
Eric Kay, hahaha I wouldn’t have caught that if you didn’t point it out
That's hysterical!
Lol you know he wrote Clinton, right? So, you're joking? I think it's funny either way... lol
The ‘L’ and ‘I’ were hilariously close 😂
He wrote "Clinton" you imbecile.
I learned that audits are not bad, and not be afraid of but rather a way to learn how to reduce taxes legally. Getting professional advice always will pay off at an incredible rate of return.
According to IRS.GOV you have the right to participate in providing deductions to offset what you owe for taxable income. Taxes are a law in the USA, of course you don't have to volunteer to do your tax deductions, but they will get an income report on you and base the income tax off what they have on file that has been reported to them. Look it up yourself and correct me if I am wrong.
"6:57" 4 words had me rolling😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂 😂😂(that makes me smart)💯💯🔥🔥🔥💯💯🔥🔥💯💯🔥💯💯🔥🔥👏👏👏👏👏👏👏👏🤣🤣👏😂👏🤣🤣that was powerful yeees now that's what iam talking about.
You need to provide exactly how an average person is suppose to not pay taxes. This video is basically saying if you're not super rich and can hire the best accountants and lawyers to write off your business and investment properties, then you will be paying taxes. Most people don't have that kind of money, so the average middle-class families will always be paying taxes.
Commando Master he is explaining how the IRS taxes different types of income. He is telling people to focus their efforts on generating income/assets that allow them to grow their net worth at the fastest rate by not having to pay taxes until some point in the future(if ever)(trusts). Think about the old saw of compound interest. The choice was a chess board multiplying a grain of corn every square or 1 million dollars.
About Taxes
Article 1 section 10 of the USA 1789/1791 constitution prohibits States from using anything but actual gold and silver coin as tender and payment of debt. So how do they tax you in Federal Reserve notes? Federal Reserve notes are defined as obligations in The District of Columbia Act.
The U.S. in this case, is the federal corporation the District of Columbia, also known as USDC or the UNITED STATES. It was created by the congressional act of 1871. Also see 28 USC 3002 (15) “United States” means- (A) a Federal corporation; prohibits states from taxing federal obligations except for corporations. So if a US citizen or resident alien can be taxed in Federal Reserve notes, then they are a United States corporation/ U.S. citizen. A State Citizen is not, and no unconstitutional tax can be levied against a State Citizen. And congress has not authority over State Citizens. Since many across this nation has figured out the citizenship fraud, and are correcting the fraud via passport, the enemy is in panic. The IRS has the right to inquire about taxes if you cannot prove State Citizenship. See…"Unless the defendant can prove he is not a citizen of the United States, the IRS has the right to inquire and determine a tax liability." U.S. v. Slater, 545 Fed. Supp. 179,182 (1982).
So order lots of certified copies of your birth certificate. If you receive letters from any government entity, mail them a certified copy of the birth certificate with a CEASE AND DESIST letter. (An example cease and desist is at the end of this treatise.) Do this for each and every letter they send you. Always mail it back to the address you got it from, as well as to the address they want you to answer. They may send you a letter form a different address later. That’s how they try and get around it. I have mailed about 7 letters before they stopped. Some of the envelopes I didn’t even open. Do not let them scare you. Then they are finished. This goes for any government entity. (An example cease and desist is at the end of this treatise.)
Do not panic should you receive scare letters certified mail or not. They are meant to scare you into capitulation. They are meaningless, but they look like they have official jurisdiction and sites lots of law and etc… They most typically use words such as offer, request, proposal, notice of non filing, you need to, we want you to, we need you to, possible prosecution, (note the word possible) and etc… And the enemy sometimes stuffs your mailbox full of these official looking scare letters, to enhance the scare factor. (4 or 5 at a time.) And send them often. They are trying scare you into obedience. These letters are carefully crafted to leave you shaking with fear. The people who receive them, send back a cease and desist letter with birth certificate. (An example cease and desist is at the end of this treatise.)
@@patriots5628 so become a state citizen? And if so would I be able to get a new birth certificate?
@@mdalton484 you don't need a birth certificate to tell you the truth but to work in this country as I just realized that companies don't want to hire you unless you have a birth certificate or some type of ID to prove that you can work in this country unless you work for yourself. They are infringing upon your Liberty but I am not paying federal taxes out of my checks because I am a non-citizen national has I had previously stated in a message that you replied to. 8 USC 1102 a21 copy it read it know it uppercase vs. Lowercase tells you who you are your birth certificate verifies who you are as proof that you are States citizen if you read your birth certificate if you were born in this country. If you are not born in this country then this doesn't apply to you. If a person is born in a state of the union Hance New York Texas Arizona a state other than the foreign country called the District of Columbia that is foreign it's a foreign territory it is not a state of the union called America has verified by the document called the Declaration of the United States of America. When asked on any application or documents in this country if you are a United States citizen do not check it off or agree to that you choose other or non-citizen national non-resident National or other you do not check off your United States citizen and you are not a foreign alien you're a citizen by state tons of information on States citizen on CZcams
WATCH GRANT CARDONE VIEDOS. Its our duty to get out of the "Middle Class", which really doesn't exist anymore.
Thank you sir for opening my eyes.
Which is a best investment reduce the tax
I doubt Hillary pays taxes also. lol
RIGHT!
Cause she wipes her hard drive with all her quickbooks files
Hahahahaha omg these comments I’m shiting myself 🤣🤣🤣🤣🤣🤣🤣
I don't pay taxes because my money comes from
Your money comes from what?
You should be a good citizen and pay your tax
You got me, so now can you tell me how you earn? don't be greedy mate!
I get money from the stock market and you all should know stock traders don't pay taxes. That's why billionaires like Bill Gate never complain about tax
You should know that's most people get in debt trying to invest in the stock market. So if you have a way to help we can need those help
Income is defined as profits after paying for costs. Wages are considered a cost, not a profit - per the Supreme Court back in 1890's (can't remember which year).
Therefore, for a wage-earner, if you don't fill out a W-4 renewal every year, you ain't gotta pay taxes, because there is no binding contract and no law that says you must pay.
That simple.
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Oh yeah, Dude! thats all I have to do.
That was a very convincing speech: only 20 percent tax for big business and down to zero for investors.
In the US, citizens of the various states have fundamental rights protected and secured by the Constitution. As it relates to the so-called income tax, that protection is specific to Amendments 9 and 10 which secures all rights not given to government. This includes the rights to contract our labor and our services within the state of our domicile (point: not all fundamental rights follow us as we travel from state to state). Per US Supreme Court (1916 - Stanton v. Baltic Mining) "the Amendment (meaning the 16th Amendment) did not change the Constitution. It merely forbade the courts from taking the income tax out of its proper classification that being an indirect tax more in the nature of excise tax". The Supreme Court had already determined that an excise tax was a tax on a government privileges (see Flint v. Stone Tracy Co. 1911). If you receive income (aka: gain or profit) that results from a government privilege (e.g.: doing business in the form of a Corporation) then pay the taxes on such privilege. It is as simple as that. If you should make the decision to secure your fundamental rights, then be prepared to fight the fight. Hint: Our remedy is in the APA 5 USC 556(d) and 702 where personal liability can be attached to the individual laying claims against you - that includes the President of the US who is the head of the Executive branch where such an action will come from. But don't forget to learn the rest of the law especially legal procedure.
@Quentin Styger I suppose you could set up a corporation in a foreign country and take any would-be US profits out of the product before it reaches the US. But then you have created a privileged entity that is taxed on any distributions back to the officers, US Citizens, of such foreign corporation. This as opposed to doing business as a fundamental right that cannot be taxed without apportionment - of which there currently is none as apportionment is a too long and drawn-out process.
I have a TN visa i can't do self employ, how else can i pay less taxes?
Tax rates are the same everywhere depending how you earn your money... learn valuable information on how to go from 40, 60% to 20 or 0% tax bracket.
I’m not sure I understand your comment. Tax rates are definitely not the same everywhere. Some places have no taxes at all.
Read up the meanings of "employee" and "trade or business" both have specific definitions when used by IRS. Once you understand what they mean you can rebut the accusation of receiving wages or operating a trade or business. Study and be free.
What dictionary does the IRS use for those terms. I looked at several different dictionaries, and they all have a slight variation.
What about capital gains?
@@maegankafka4540 the IRS uses the definitions in the code. You have to use their definitions
Title 26 sec 3401 (a)wages & (c)employee
Sec 7701 (a)26 trade or business
What kind of capital gains , stock sales or home sale?
@@joules1364 Bitcoin. But I don't plan on exchanging it for USD. Just direct purchases.
Awsome video! Gave me a wake up call! Thank you!
in Poland we pay ~30% as S, not 60%, but bigger firms pay 35/40%, Investor pays 19% of his revenue plus income tax
I don't know if his facts are right. He says specialists and "small entrepreneurs" pay 60% in taxes.
I only pay 20% as a self-employed small entrepreneur. That's America. Definitely not 60%.