Andrew Lokenauth
Region: US
Friday 21 April 2023 00:19:04 GMT
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josh host :
when taxes turn out to be the biggest expense. it's time to rethink taxes
2023-04-21 16:16:36
43
Boston Jungle :
And this is why we need a simplified tax code. Enough with this working around it.
2023-04-21 20:52:18
84
Gotcha :
None of those apply to majority of Americans. W2 salary folks get absolutely slaughtered
2023-04-22 14:07:04
78
Zane Erickson :
As of 2023 Section 179 only allows you to write off 80% of the vehicle. each year it's going to decrease as well.
2023-04-24 02:19:16
6
measurementguru :
Don't forget about a whole life policy that compounds interest and has a cash option. Allows for 95% of what you put in to be withdrawn tax exempt.
2023-04-22 14:52:11
4
Tyler Moore :
Soooo the tax code was mostly made for business owners and not the average American? Got it.
2023-04-21 19:05:34
5
Cheeseburger :
I’m just sick of owning every year when I claim 0 and have extra taken because I’m married and don’t have kids.
2023-04-23 13:40:39
4
Enthusiastically :
Damn all these hacks start with “if you own a business…” “if you own a home…” etc.
2023-04-23 17:29:24
5
Tiffany B :
The employer contribution is 25% of “compensation”. Isn’t that officer wages and not income?
2023-05-17 00:34:35
5
CK :
An S Corp doesn’t eliminate the self employment tax issue. As the employer, you’re still paying both employee and employer share of FICA
2023-04-23 12:22:34
2
02873618v :
On the child tax thing- if they make 13850, they don’t have to file a tax return for that money? I thought it was anything over 600 had to be filed
2023-04-21 12:32:28
2
Hasibhof :
What happens to the other 50,000 in a s corp??
2023-04-21 18:22:11
5
The Bearded Commander :
179 says "27,000" or value whichever is less.
2023-04-23 12:32:44
4
ShibaGames :
let just have chatGPT read every page and then advise us
2023-04-21 04:12:24
10
Get apples :
Primary residence exemption only applies if it’s been your primary 2 out of last 5 years. Just to add on to that one.
2023-04-22 02:19:22
5
fillettemignon :
But then you have no income to show to get a house or a loan of any sort.
2023-04-22 02:41:16
5
Cole Ashburn :
A lot of bad tax advice out there but this is not that. Great advice.
2023-04-22 02:01:23
5
Erin Coppock :
Some of these are a bit misleading/ mischaracterized in that they have additional eligibility requirements and restrictions
2023-04-26 06:00:25
2
missmonicas :
and you can leverage an SEP IRA too
2023-04-21 05:54:50
3
erica 🧖🏾♀️ :
I’m very interested in solo Roth is there someone you can recommend to speak w?
2023-05-11 14:03:38
2
HappyCooking :
I don’t own my business but I do wish I could write off my vehicle. Most of us use our cars to get to work
2023-04-26 10:08:18
2
Ana S :
Okayyyyy how do I hire you to set all this up for me. Switching to 1099 on the 1st
2023-04-22 15:25:28
3
Marisol. 🦋 :
Is a s corp better then c corp ?
2023-04-21 15:05:19
3
user6377380882987 :
Interesting that slide 3 = conforming mortgage loan limit
2023-04-24 05:45:49
3
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