@andrepennington: How the wealthy pay $0 in taxes 💰 Most people work, get paid, and lose a huge chunk to taxes before they even see their money. The wealthy? They play by a different set of rules—and it’s all 100% legal. Here’s how: 🔹 Let the business pay – Travel, meals, even luxury cars? If used for business, they’re tax-deductible expenses, reducing taxable income before the IRS takes a cut. 🔹 Use assets, not paychecks – Instead of taking a salary like an employee (and getting taxed heavily), business owners borrow against their assets. Since loans aren’t income, they aren’t taxed. 🔹 Leverage investments – Selling stocks triggers capital gains taxes. The wealthy? They use investments as collateral to borrow cash—no taxes owed. The system isn’t broken. It’s just built for those who understand it. 🧠 Want to learn how to keep more of what you earn? Follow for more strategies. #taxstrategy #wealthbuilding #financialfreedom #businesstaxes #moneytips #entrepreneurmindset #taxsavings

andrepennington
andrepennington
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Wednesday 19 March 2025 19:48:31 GMT
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jamesdoherty47
James Doherty926 :
This is called legal loop holes
2025-03-20 14:02:28
24805
dodgers1031
User12344567890 :
The IRS watching this 🧐
2025-03-20 03:54:31
4368
consistent2009
consistent2009 :
This only works for the rich. Because they got money to burn
2025-03-20 04:34:25
3754
gonzalovillanuev8
Gonzalo Villanueva :
The rich get richer and the poor get poorer
2025-04-15 06:50:38
810
marc49798
Marc :
read Hidden Laws of the Game by Eric Cook, it will change your life frfr
2025-03-21 23:17:10
2627
golfprototype
J :
lol....so scamming "legal" expenses
2025-03-20 00:43:08
4713
_kmoe4
Kevin Morales :
And people want to blame immigrants 💀💀💀💀
2025-03-30 03:01:28
1239
rondokter
Ronald Dokter :
The whole tax system is scam, that's a smart guy...
2025-03-21 12:49:22
1539
benjimon.p
Te Mana O Te Tangata :
Literally the main reason there isn’t enough funding for public services and care. Because people think $7mil isn’t enough for them. It’s obvious greed not hard work.
2025-04-21 01:09:27
19
williamstinnett73
william stinnett :
Ain’t no way this dude makes $10M a year.
2025-04-15 23:22:18
15
johnnolan595
john nolan595 :
Top 1 percent dont pay taxes. Just us middle class grunts over here.
2025-03-21 00:17:52
6
caaaaaaarrrrrlllll
caaaaaaarrrrrlllll :
We picked up a client a couple years ago because the whole “let my business pay my expenses” thing her prior accountant was helping her do got her audited. She owed the IRS a couple million and California got their pound of flesh too. You can’t run personal expenses through the business and expect it to hold up under audit. Don’t leave legitimate deductions on the table, but telling people to have their business pay their expenses without clarification is a great way to get a bunch of uninformed people into trouble.
2025-05-27 22:28:42
5
italianstallions007
The Valentino Empire :
Anyone can do this, people who complain just don’t want to put the time and effort into doing it.
2025-05-15 21:21:54
5
angelic_life
Hooks & Loops by Angel :
Is it legal? Yes. Is it ethical? No. Then poor people need to cover this gap...
2025-03-22 14:32:30
11
xdonsolo75x
xdonsolo75x :
In my opinion it cheating bec it law everyone should pay tax even poor middle or rich !!!! We all equal so it should be !!!
2025-03-21 05:45:38
10
cjones_lly
cjones :
These comments annoying if I made 10 million a year and government took 3.3 million out of it I would be pretty mad don’t be mad at someone who is smart with his finances instead try to learn HOW.
2025-04-06 03:03:57
7
lucostar59
lucostar :
teach me more brother
2025-03-24 13:21:30
9
hammer_mctravelers
Folket först :
That’s why America is so bad for the working class people. Only good for the rich
2025-03-20 19:02:09
29
sheltonmortgage
Neil Shelton :
Serious question: How is paying interest on the loan more beneficial than paying taxes on the income?
2025-04-27 18:22:06
10
itsgivingginaa
G I N A 💋 :
here in the netherlands we have to have PROOF that it actually IS a business expense, so how would you do that? how to
2025-05-15 11:43:24
8
franky.bodyy
frankybodyy :
And the interest on loan repayments?
2025-03-22 18:18:43
6
quickfixing
Quick fixing :
Are the loans forgiven? 😂
2025-03-24 04:15:10
8
realjmwelding
JM Welding :
Great advice 💪
2025-03-22 03:02:01
7
success.4wealth8
success.4wealth :
Pretty smart
2025-08-28 00:49:58
7
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