ThisisJohnWilliams
Region: US
Sunday 03 September 2023 04:26:18 GMT
1005714
36752
622
15958
Music
Download
Comments
FreeLoader20 :
I moved to Puerto Rico. ZERO capital gains tax…. ZERO.
2023-09-03 13:33:30
234
Fat boy 23 :
Let’s see if you explain all of that to the IRS when the audit comes 😂
2023-09-03 11:55:38
100
BadPrompt :
What until he gets audited. Then those 95K turns in 500K attorney fee nightmare.
2023-09-03 17:14:37
160
✨💚Ellie🌺 :
Yeah, I got 95k right here, hold on
2023-09-03 07:45:32
277
user3208784029949 :
Pretty sure there are some laws being broken here
2023-09-03 19:22:58
84
terriBerri111 :
Financial literacy is a language most haven’t learned yet
2023-09-03 13:00:05
528
__tommy.boy :
The distributions from the management company are taxable events
2023-09-03 06:36:36
36
Minneapolis :
Ok so the magement company still pays taxes and you pay taxes on the distribution
2023-09-03 21:08:16
16
tctaxman :
management company owned by the trust, so the trust would need to pay tax on the income distributed
2023-09-03 14:59:33
47
bradm502 :
they not moving to save on taxes and that's it. they moving to save on every aspect of living cost. everything's cheaper by a mile.
2023-09-03 16:00:19
5
John Mirrione :
What happens if the foundation gets and IRS audit? They will want to see a board of directors and real activity of the charities actual purpose.
2023-09-03 19:12:50
17
. . :
It’s a few thousand to set that up. He probably pays attorneys and accounts to manage it, hence, the expense.
2023-09-03 13:34:27
39
bedrock187 :
yeah unfortunately Puerto Rico is not what its cracked up to be
2023-09-03 13:42:57
3
Zack :
You can do this for less than 5k, but his lawyers are probably worth every penny.
2023-09-03 13:00:12
15
2020finallygone :
Only $95k to set up. And $60k a year to have a firm keep it legal and clean
2023-09-03 19:14:48
5
TheFlyingHoneybadger :
I’m a CPA. This is only about 2% accurate
2023-09-03 12:34:46
34
Tim :
So everyone else pays their share of taxes but you?? 😡
2023-09-03 07:17:56
11
Whimsy Finds :
This structure only starts to make sense once you reach and exceed $500K a year
2023-09-03 06:35:27
19
wadammarus :
This actually true , private and public trusts are entities that most of the people don’t know about which is protected by the constitution
2023-09-04 23:21:30
5
Cul Tra :
He sounds like mark cuban. Is this a lip sync?
2023-09-03 07:08:26
8
Justnson :
This is the most expensive online course I’ve seen so far
2023-09-03 08:07:49
5
RSM_CPA :
The family trust can pay all those things you talked about, but that doesn’t mean those expenditures are tax deductible…
2023-09-03 16:33:01
8
Buledy Sangwa :
me with 500 dollars in the bank watching this video 20 times and taking notes...😁
2023-09-04 08:13:24
11
AIvisionary :
$95k? Might as well move to Puerto Rico
2023-09-03 11:34:43
21
Brown :
A 5% of total market value of trust must be donated to charities.so if you make no money the trust is broke in 20 years
2023-09-03 08:49:58
19
To see more videos from user @thisisjohnwilliams, please go to the Tikwm
homepage.
