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How to AVOID Taxes... Legally (Do This Now)

Vincent Chan 237 views

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This video opened my eyes Thank you for this
Comment from : @jessicagousse85

F 401 k
Comment from : @BlackWidowRazors

this didnt help at all the 22 bracket middle class cant afford both bills and the accounts you mention in the video
Comment from : @disguyovaheere8140

BRO WTF!! well played with the knock :)
Comment from : @trip0dgaming894

Most SBLOCs require a $100,000 minimum portfolio and DO NOT allow you to use the loan to purchase more securities
Comment from : @JD-lt7uv

Did you mean to say… Get paid, Pay taxes, Spend your money and pay more taxes?brbrEdit: pay additional taxes on money that has already been taxed
Comment from : @Rr23dd

you will just get reamed with taxes when your older on all those 401k your not paying now and you have zero access to the money without hefty fines not sure if that is really saving money
Comment from : @nyacoustics8373

DAMN YOU
Comment from : @ORBTECHNOLOGY

Sbloc is dangerous unless you have a lot of money in stock Should only borrow no more than 20 of stock portfolio
Comment from : @MichelleVoegtline

Tax laws can be so complex, and it’s super helpful to break them down like this Understanding how different policies can impact our finances is crucial for making informed decisions
Comment from : @JulianBenjamin3d

If you get a raise, and you are divorced, your ex may petition the court to change the responsibility which may result in you keeping less of that moneybrbrDepending on your circumstances, earning past a certain point may make you no longer eligible for certain programs, which may cause you to keep less moneybrbrJust because it’s logical does not mean that’s the way it really works 😂
Comment from : @AnonVideos

Wait!!!!!!!!!!!!!!!! You can't invest in stocks/etfs with money from SBLOC
Comment from : @taxthechurches946

I wonder if they call the slave owners in the past profiteers instead of slave ownersWe wouldn't I had a Civil War and if king George would have told The founding fathers that he is just trying to help everyone out because the higher taxes go to help other people out they wouldn't have stayed a revolution in the past
Comment from : @carolynshank8961

LOL Step 2, put a portion of your money in an account you can't touch, thus you can't spend it, so how is this avoiding taxes on USABLE money Answer: you can't Any immediate money you earn and get in your checking account to spend is taxed, no way around it
Comment from : @CodyHurstOfficial

You wonder why he crash his place in the IRS building
Comment from : @michaelperez3887

Thanks for the analysis! Just a quick off-topic question: I have a SafePal wallet with USDT, and I have the seed phrase (air carpet target dish off jeans toilet sweet piano spoil fruit essay) How should I go about transferring them to Binance?
Comment from : @OthelloSuge

The video effect that makes your text and charts appear out of focus around the edges is distracting Wasted some time trying to figure out if I had suddenly developed a vision problem At 0:58, for example Hard to enjoy a video that makes you wonder if your body is breaking down
Comment from : @akinneyww

Funny how the IRS tells taxpayers in the Form 1040 instruction book that the tax system is voluntary
Comment from : @Touspourun1987

I run a business with 30 employees in New York, the parent company is headquartered in Seychelles (owned by me) I send all the surplus income to the parent company and get a write -off in the US There you go - zero taxes :)
Comment from : @RRonnieDSILVA

The big issue that most of us have, though, is that we need our money now to pay our billsbrUnless I'm missing something, one really needs to make a significant more than their actual cost of living to save on taxes Essentially, lowering your taxes is about lowering taxes paid on disposable income
Comment from : @vasocreta

⛹
Comment from : @HasanRifino

Avoid taxes illegally Be a man
Comment from : @Themuffenthusiast

But, why NRA SMLLC must pay 30 taxes, when earns are from US soures, that's doppel from americans😮
Comment from : @maryfreedom5

why is there a naked person in the corner ? 5:22??
Comment from : @MrThyten

SBLOC proceeds can't be used to purchase securities
Comment from : @stephnejele2483

I have a suggestion: please don't use the chromatic abberation lens blur filter in your graphics my eyes were going crazy trying to focus and refocus on your text until I had to look away for most of the time and glance at it
Comment from : @bermlee

The data visualization for step 1 was brilliant
Comment from : @natalieodisho7264

But if you have enough funds, pay your fair share or you'll keep supporting the current slavery system
Comment from : @DrukMax

you sound so much like nerdwriter lol
Comment from : @driziiD

How is the first item a "strategy"?
Comment from : @mikeherring9231

taxes are ridiculous and confusing as shit
Comment from : @khalidhassan9423

If you make a 100,000 a year, how can you spend 82,000 and reduce your taxable income to 11,000 to be in the lowest tax bracket That doesn’t make sense to me Can somebody explain? Why wouldn’t the 82,000 be taxed and since you would be spending it before you had it, does that mean your 82,000 in debt?
Comment from : @anthonyperez8717

How long have you invested with moomoo for ? I buy stocks on webull
Comment from : @aviationtechops

Should mute that know at @5:22, can mislead people I thought someone was stocking me
Comment from : @HammadKhanYT

Great video I’m new to filing tax for my family so thank you for teaching me this
Comment from : @JackieHearts

Can you do a video with tax cut for retired fed employees? Thanks
Comment from : @explorarehoy

So you made it sound like everyone can contribute to the HSA But you do phase out on contributing to this at some point
Comment from : @Deltriguy

The IRS is in business to collect taxes so why are they hiring 70K agents, buying bullets and doing more digital audits?
Comment from : @RuralmoneyOfficial

The progressive tax bracket system is so stupid It punishes the middle class and keeps poor people poor
Comment from : @DanielDuhon

7:00 in this example is the $40,000 total income or $40,000 above the 0 bracket?
Comment from : @Americansikkunt

So this is relevant for anyone who makes under 40K a year
Comment from : @MtnBichael

I haven't filed taxes in 20 years because I owe 11,000 dollars child support but I work every year and had lots of people say with me even my girl friend disabled mom for 6 years and didn't pay me nothingShe psst away last yearcsn I put her on back w2
Comment from : @ikeepcontent

Great vide! Unfortunately the font instantly gave me a headache 😂
Comment from : @hvguy

Why does the second bucket max out at $33,725 instead of the $44,725? 1:39
Comment from : @CC-mi8cu

iRA is lie there is income limit
Comment from : @halo199393

So why do l get penalized for using HSA my tax preparing said it was because l used it before my age so why used it if l get penalized and my taxesbrGot higher because of that
Comment from : @oraciovieyra8711

breakdown: get rid of pay before you get your net pay
Comment from : @iseeyoo9729

What’s a “Solo 401K” account? Anybody can open one? Does it take after-tax contribution? Thx
Comment from : @Max-nt7ho

As always very informative video Thank you!
Comment from : @lc8602

Can I open a solo 401k for rental income? I was seeing some mixed results online
Comment from : @ssgg23

What if one takes SBLOC loan against TSLA and stock drops by 50 Doesn’t this trigger a margin call?
Comment from : @jhasemi

He forgot to mention the secretary probably makes wayyyyyy over 6 digits Lol
Comment from : @ikyiAlter

This was so helpful Ty 🌸
Comment from : @sunsetkizz1

Fiat currency is a debt apparatus If you are 'paid' in debt you don't have an income you have a loss You shouldn't be paying taxes on losses that is crazy
Comment from : @BeyondPC

How to avoid taxes on dividends after the max bracket Dividends don`t usually have many deductibles right
Comment from : @SauloMogi

I think HSAs are some of the most under-utilized accounts
Comment from : @DummyAccount-z7s

Thanks for the information I thought the ROTH would not come off the top if you made over a certain amount of income
Comment from : @jamielynch422

you already know he knows whats up when he keeps mentioning you own tesla stock :)
Comment from : @rostyloco1

I appreciate the breakdown of qualified dividends vs non-qualified dividends, really helps understand how to save on taxes Thanks for the info!
Comment from : @dealforbet8888

do I need to open LLC to open solo 401k?
Comment from : @darkminatozaki

I'm so happy I made the best decisions by having a good investment, Recently I was able to acquire my third house even as a single mom at 42 and I believe if things keep going well I would retire early
Comment from : @CynthiaGary343

You can also donate to charity It helps a tiny bit
Comment from : @Cantetinza17

the complexities of avoiding taxes legally poses challenges, considering the ever-evolving tax landscape While tax optimization is a legitimate financial goal, it demands careful planning to comply with existing laws and regulations Utilizing deductions, credits, and exemptions requires a nuanced understanding of the tax code, making it essential to seek professional advice
Comment from : @Lindaxing-tj2fh

I got separated, still in married, I rent, he kicked me out, no dependents, and I don't know anything about taxes😕
Comment from : @LuCaMW31

Great video My only issue is with the 3 interest rate you showed for the SBLOC The interest rates I saw for loans a $100,000 loan ranged from 85 to 10
Comment from : @jamesodell3064

Great video
Comment from : @savagebeastking8703

When you explained the zero taxes with selling stocks I was like Oooooh
Comment from : @jacobcutrer

Tax loss harvesting and charitable gifting may also be useful for some folks Great content Cheers!
Comment from : @terenceada9140

I owe $8,000 in taxes this year to the IRS Blah
Comment from : @kaiung7542

Great video Vincent! This is very important, and misunderstood, information
Comment from : @JeffTeeples

And Trump has never paid more than $000 So… ????
Comment from : @jensejayehudson4341

according to the government website how would this interest rate arbitrage work maybe I am reading this wrong butbrbr"SBLOCs are non-purpose loans, which means you may not use the proceeds to purchase or trade securities"brbrIf I am reading this correctly the example you used would not work as, according to the line above you cant use sbloc money to buy securities aka stocksbrbrPlease let me know if I am not understanding all of this
Comment from : @jasonsilvia8401

can you talk more about filing for both a 9 to 5 salaried job but also having a side hustle, the process of making the side thing (social media consulting) an llc/s-corp? i know theres a self employment tax and i think that gets pushed aside if youre an s corp because you can salary yourself but what if your side job isnt as 'scaled' yet, like can you still pay yourself a salary and have a reserve untaxed? does the side hustle money get added to the 9 to 5 as a whole income? or is it a separate thing? pls let me know if i should clarify! :')
Comment from : @JenniferAguilera

a lot of great info I changed my retirement contributions to half roth and half 401k and unfortunately I had to pay taxes this year for the first time
Comment from : @veronicasmemories

Yea margin loans are super risky Almost everyone with these, including me, was burnt on these during a big downturn like the GFC Margin calls happen, and you'll be selling the shares you paid cash for
Comment from : @timothydevries383

I appreciate the explanations However this still went over my head🤦‍♂️
Comment from : @tretre4435

Could someone simplify this? I didn't understand anything he said All of these concepts are way too complicated and went over my head Could someone, anyone offer a simple summary? 🙏🏽
Comment from : @mjg239

I played this video and immediately I heard a knock on my door only to meet two armed IRS agents telling me not to f around and left
Comment from : @muskreality