@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
Region: US
Wednesday 19 March 2025 19:48:31 GMT
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James Doherty926 :
This is called legal loop holes
2025-03-20 14:02:28
24805
User12344567890 :
The IRS watching this 🧐
2025-03-20 03:54:31
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consistent2009 :
This only works for the rich. Because they got money to burn
2025-03-20 04:34:25
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Gonzalo Villanueva :
The rich get richer and the poor get poorer
2025-04-15 06:50:38
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Marc :
read Hidden Laws of the Game by Eric Cook, it will change your life frfr
2025-03-21 23:17:10
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J :
lol....so scamming "legal" expenses
2025-03-20 00:43:08
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Kevin Morales :
And people want to blame immigrants 💀💀💀💀
2025-03-30 03:01:28
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Ronald Dokter :
The whole tax system is scam, that's a smart guy...
2025-03-21 12:49:22
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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
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william stinnett :
Ain’t no way this dude makes $10M a year.
2025-04-15 23:22:18
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john nolan595 :
Top 1 percent dont pay taxes. Just us middle class grunts over here.
2025-03-21 00:17:52
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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
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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
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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
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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
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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
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lucostar :
teach me more brother
2025-03-24 13:21:30
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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
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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
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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
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frankybodyy :
And the interest on loan repayments?
2025-03-22 18:18:43
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Quick fixing :
Are the loans forgiven? 😂
2025-03-24 04:15:10
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JM Welding :
Great advice 💪
2025-03-22 03:02:01
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success.4wealth :
Pretty smart
2025-08-28 00:49:58
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