@karltondennis: Aim for the 12% tax bracket with a $1,000,000 income? Here’s my strategy: Plan to only report just over $70,000. 🤔 How⁉️ The government rewards business owners and real estate investors‼️ They offer incentives that allow for tax reductions.💰 By investing in income-producing assets like real estate, I can offset my taxes. 🤑 It’s about leveraging the tax code to build wealth and reduce taxes simultaneously. #smallbusinestaxstrategy #taxadvice #taxes #taxexpert #richpeopletaxes #realestate #depreciation #investmentproperty #taxsavings #karltondennis
So focus on those real estate expenses and depreciation to reduce the rental income on paper?
2024-05-15 01:46:43
10
Mike :
12% of a million is 120k lol I make 300k and I can’t get that low, but I’m interested
2024-05-25 01:50:05
3
smith29588 :
Shocker
2024-05-26 22:25:05
10
SRA 831(b) Admin :
Investing today for a better tomorrow
2024-06-26 21:09:43
8
autumnocrat :
Ah. So this is why we have a housing bubble 😁
2024-05-22 23:55:39
10
German Quintero :
I need help to learn about what you saying
2024-05-24 18:36:01
10
Sanzlna :
Who is he talking to?
2024-05-25 05:20:09
3
1209andy :
12% for 70k? Where? Sign me up! 😂 💀
2024-05-24 16:31:48
2
Karolina Mankowski :
You know your stuff 😎😎
2024-05-24 12:39:16
3
renren :
But how are you supposed to qualify for a high enough mortgage to buy said real estate (in CA) if your goal is to report as little income?
2024-05-25 06:02:03
3
J :
this only works if your deemed a "real estate proffesional" basically you can't have another job.....so how do you buy the houses with no job?
2024-05-25 15:28:12
2
1jipaifan :
😂😂😂
2024-05-14 03:03:33
10
xanbarclaps :
Nice green screen bruh
2024-05-26 17:41:06
2
Alex Lalani :
You don’t get a deduction for investing in RE unless it’s a rental and you’re taking depreciation even then it’s passive loss for most people and you can’t offset with ordinary income.
2024-05-25 03:23:56
6
Becoming Financially Fit :
Who are you talking to?
2024-05-24 07:39:40
5
@fvk_off_loser :
Real estate doesn’t offset w2 income. Nice try though
2024-05-27 18:36:21
3
Independent Mortgage Broker :
That's awesome! Great information
2024-05-23 19:14:17
3
TheGreasyCPA :
real estate is a passive activity and loses cannot be used to offset non passive income. get a real CPA for tax advice
2024-05-25 13:58:32
2
the.vengeful.1 :
For all the people that hate the rich for not paying taxes, this is exactly what the do, just like the guy the blue side went after that's starts with the letter T.😂😂
2024-05-25 01:03:23
2
Health x Wealth :
How about telling us how to make a million in the first place for this tax information to be relevant 😂
2024-05-24 12:22:29
2
HulkMMAcrazy :
dude....buy yourself a decent tie
2024-05-14 03:29:47
2
curlybedheadd :
@Wyatt McClure
2024-07-01 01:07:42
1
Mr.Section8 :
this is the way
2024-05-27 03:10:27
1
claytoneidson :
How do you do this when mortgages are more than rents. I got the write offs down
2024-05-27 01:21:50
1
Shane :
If I’m reselling random stuff and made a million could I spend that million on new inventory as the new investment or does it not work like that?
2024-05-26 19:16:05
1
🇺🇸🇮🇹 luigi :
USA biggest IRS taxes scam
2024-05-25 16:04:08
1
revokdollarhyde :
But then you won’t have cash in the bank? How can you save money if your spending it on assets? Assets also get taxed if you sell it for the cash flow…
2024-05-25 00:56:39
1
user316754141022 :
Who are you talking to off camera?
2024-05-24 23:05:20
1
MILLIONAIRE ROW | FINANCE :
Yesss
2024-05-24 21:07:03
1
Travel 4 you :
what if I make 500k on stocks? how can I avoid taxes
2024-05-24 20:38:26
1
tiktokcpaguy :
BS
2024-05-24 20:22:59
1
Trey :
But then you’re getting more income from real estate
2024-05-24 18:56:08
1
john piermatti :
$45k is at 22%
2024-05-24 18:39:51
1
nucc8 :
damn
2024-05-24 17:49:13
1
gggvbhbh :
🙏🙏🙏🙏🙏
2024-05-24 15:35:50
1
The AO Vision :
His math is bad
2024-05-24 14:15:36
1
edgarmeza6016 :
that sounds good and all but, I don't have money to invest in the first place. how do I get to that😢😢
2024-05-24 08:25:34
1
Joe Cianci :
But also understand passive activity loss limitations. It can only be applied against passive activity income unless you dispose of the asset or meet an exception.
2024-05-23 19:40:54
1
Justanobody :
All that real estate income still gonna flow to your 1040…
2024-05-23 03:24:39
1
gotBULLjunk.com :
lol pay your employees. Endor’s investors more. Reduce prices to customers
2024-05-20 14:29:16
1
Bsmith :
Cost seg?
2024-05-14 02:49:07
1
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