| Title | : | How to AVOID Taxes... Legally (Do This Now) |
| Lasting | : | 13.54 |
| Date of publication | : | |
| Views | : | 237 rb |
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This video opened my eyes Thank you for this Comment from : @jessicagousse85 |
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F 401 k Comment from : @BlackWidowRazors |
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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 |
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BRO WTF!! well played with the knock :) Comment from : @trip0dgaming894 |
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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 |
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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 |
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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 |
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DAMN YOU Comment from : @ORBTECHNOLOGY |
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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 |
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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 |
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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 |
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Wait!!!!!!!!!!!!!!!! You can't invest in stocks/etfs with money from SBLOC Comment from : @taxthechurches946 |
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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 |
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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 |
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You wonder why he crash his place in the IRS building Comment from : @michaelperez3887 |
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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 |
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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 |
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Funny how the IRS tells taxpayers in the Form 1040 instruction book that the tax system is voluntary Comment from : @Touspourun1987 |
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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 |
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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 |
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⛹ Comment from : @HasanRifino |
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Avoid taxes illegally Be a man Comment from : @Themuffenthusiast |
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But, why NRA SMLLC must pay 30 taxes, when earns are from US soures, that's doppel from americans😮 Comment from : @maryfreedom5 |
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why is there a naked person in the corner ? 5:22?? Comment from : @MrThyten |
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SBLOC proceeds can't be used to purchase securities Comment from : @stephnejele2483 |
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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 |
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The data visualization for step 1 was brilliant Comment from : @natalieodisho7264 |
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But if you have enough funds, pay your fair share or you'll keep supporting the current slavery system Comment from : @DrukMax |
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you sound so much like nerdwriter lol Comment from : @driziiD |
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How is the first item a "strategy"? Comment from : @mikeherring9231 |
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taxes are ridiculous and confusing as shit Comment from : @khalidhassan9423 |
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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 |
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How long have you invested with moomoo for ? I buy stocks on webull Comment from : @aviationtechops |
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Should mute that know at @5:22, can mislead people I thought someone was stocking me Comment from : @HammadKhanYT |
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Great video I’m new to filing tax for my family so thank you for teaching me this Comment from : @JackieHearts |
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Can you do a video with tax cut for retired fed employees? Thanks Comment from : @explorarehoy |
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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 |
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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 |
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The progressive tax bracket system is so stupid It punishes the middle class and keeps poor people poor Comment from : @DanielDuhon |
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7:00 in this example is the $40,000 total income or $40,000 above the 0 bracket? Comment from : @Americansikkunt |
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So this is relevant for anyone who makes under 40K a year Comment from : @MtnBichael |
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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 |
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Great vide! Unfortunately the font instantly gave me a headache 😂 Comment from : @hvguy |
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Why does the second bucket max out at $33,725 instead of the $44,725? 1:39 Comment from : @CC-mi8cu |
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iRA is lie there is income limit Comment from : @halo199393 |
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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 |
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breakdown: get rid of pay before you get your net pay Comment from : @iseeyoo9729 |
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What’s a “Solo 401K” account? Anybody can open one? Does it take after-tax contribution? Thx Comment from : @Max-nt7ho |
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As always very informative video Thank you! Comment from : @lc8602 |
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Can I open a solo 401k for rental income? I was seeing some mixed results online Comment from : @ssgg23 |
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What if one takes SBLOC loan against TSLA and stock drops by 50 Doesn’t this trigger a margin call? Comment from : @jhasemi |
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He forgot to mention the secretary probably makes wayyyyyy over 6 digits Lol Comment from : @ikyiAlter |
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This was so helpful Ty 🌸 Comment from : @sunsetkizz1 |
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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 |
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How to avoid taxes on dividends after the max bracket Dividends don`t usually have many deductibles right Comment from : @SauloMogi |
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I think HSAs are some of the most under-utilized accounts Comment from : @DummyAccount-z7s |
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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 |
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you already know he knows whats up when he keeps mentioning you own tesla stock :) Comment from : @rostyloco1 |
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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 |
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do I need to open LLC to open solo 401k? Comment from : @darkminatozaki |
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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 |
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You can also donate to charity It helps a tiny bit Comment from : @Cantetinza17 |
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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 |
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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 |
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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 |
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Great video Comment from : @savagebeastking8703 |
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When you explained the zero taxes with selling stocks I was like Oooooh Comment from : @jacobcutrer |
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Tax loss harvesting and charitable gifting may also be useful for some folks Great content Cheers! Comment from : @terenceada9140 |
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I owe $8,000 in taxes this year to the IRS Blah Comment from : @kaiung7542 |
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Great video Vincent! This is very important, and misunderstood, information Comment from : @JeffTeeples |
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And Trump has never paid more than $000 So… ???? Comment from : @jensejayehudson4341 |
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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 |
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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 |
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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 |
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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 |
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I appreciate the explanations However this still went over my head🤦♂️ Comment from : @tretre4435 |
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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 |
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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 |
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So SBLOC is basically margin? Comment from : @martinxian6023 |
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Great video But as a day trader, I won't have long term capital gains All is short term Comment from : @Lenney97 |
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Happy New Year, Vincent! Comment from : @foodlover8151 |
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