How The Rich Avoid Paying Taxes...Legally (Part 1)

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*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
#taxes #taxfreeliving #taxexpert #taxreduction #llc
#taxes #taxfreeliving #taxexpert #taxreduction
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Taxes are a part of life. So it's better if you can pay less taxes. Let's learn how the rich avoid paying taxes...legally. This is video 1 of a 3 part series, enjoy!
Here are some tax deduction tips that can help you save you massive amounts of money on your taxes and stay on top of your business finances.
In this video we discuss: How the rich avoid paying taxes legally.
Watch this video until the end to avoid overpaying Uncle Sam and to start making the most out of your real estate business!
*Disclaimer: I am not a financial advisor nor am I an attorney. I am a licensed Enrolled Agent. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

[@Dsok0314]

Wow, I’m amazed on the free content you provide. Definitely learning more and more on each video and you make it much easier compare to the other KZbinrs. Such a blessing Karlton

[@sammie7641]

Karlton is good and so is Danielle Pierce on her channel Real Estate Profit Lab. They both teach on the same subjects but different styles. I love that they are willing to educate those of us who just don't understand the system. I am enjoying every bit of this education and it's changed my and my future. Thanks Karlton!

[@holmescal]

Why am I just learning about Karlton Dennis? All I can say is..."WOW"! I just subscribed

[@chrisrichards5137]

This is some of the best content on KZbin. I just found this page and have been watching all morning.

[@royalflush1992br]

This has to be the best damn informational video I've ever seen in my life! And it only has 13k views? The disrespect 😤 Karlton you're killing it man! Keep up the great work 👌🏼

[@splash2374]

Best kept secret on YT. I'm trying to soak it all up

[@midsouthds]

Say, you really educated me on how this money game is played. I'm at the small business level who is also a employee for the BIG BUSINESS. Doing research and development unlock savings. Combined with investment properties and I'm building generational wealth. Interesting! Keep it coming!

[@XXStarBlazeXX]

Thank you. It was a very informative video and I look forward to the next two parts in this series. Have a wonderful day.

[@brisbinbuilds8167]

OMG. What an eye opener. I just lost my job and starting my own business at 65 years old and this is a game changer. Thanks

[@Liberti_Deveraux]

I PRAY I will become wealthy enough in my future to afford YOU! This was so informative God Bless You!

[@ShakeDaUniverse]

Hey Karlton! I’m John from New Orleans !Great Video!

[@TayPriceExclusives]

Do you have a video explaining employer taxes?

[@2452dee]

I've never heard of tax credits discussed outside of HUD housing, this is amazing

[@what-it-doboyce4953]

Your videos are very educational and helpful to myself and many many others I see your videos hitting millions of views you are so appreciated thank you 🙏🙏🤗

[@user-yp9oq2qm6z]

i will forever live to be your greatest online student Sir,you provide very knowledggable and intelligent information.Thank you Sir,may GOD bless you.

[@40options19]

Visited the site. Your booked up. I'm gonna keep checking and I'll schedule my consultation as soon as I see an opening. Thnx for the info

[@whazupmike]

Your subscriber numbers have jumped since I looked at it. Congratulations man! Excellent and useful information as usual.

[@whazupmike]

Bro - not “buisness” but business 😆. Not a big deal to me but could affect your reputation. It’s the content that really matters and it’s great content indeed.

[@michaelgenao6212]

So helpful karlton. Keep it up! Can’t wait to the videos on real estate

[@andyw7617]

Thank you Karlton. I have a general understanding of investments and tax laws but your explanation sparked some ideas for me. I have worked for some major investment firms and done well so I am retired in my 40's. I have always known the benefits of investing in real estate but just could not explain things the way you just did, so thank you for the education. Unfortunately, all of my investment properties are paid off and no more write offs. My day trader status under S corp. still puts me in a situation where I have to liquidate a huge amount of securities just to pay the IRS. It looks like acquiring additional real estate properties is the only way to lower my overall tax bill. I have never looked at commercial buildings before. Perhaps its time to reconnect with an agent and start exploring.

[@paixamour6792]

Thank you so much. You’ve empowered all of folks especially with the reference of Rich Dad Poor Dad. You Should interview Uncle Rob soon

[@isleburgjasonjoelboyd]

I partially retract my statement. This video is amazing. I mostly needed a quick run down and now this series is helping me understand everything I can do to save money.

[@mellowmk84]

Hey Karlton can you please do a video on crypto and foreign exchange taxes. Is starting an S-CORP better than an LLC?

[@karltondennis]

Hi! I have made videos on both of these topics. Please check my previous videos to learn more! thank you!

[@bebin73]

Great info!

[@aydenmontes8859]

Great way to explan. Lets share and comment before they try to take it down

[@santiagoduque1902]

Hi there Karlton!! Thank you so much for all the info! I am so engaged with all of your videos.. I will take all the advice you give me!! Thanks a million!! I might even go take some classes to go into the RealEstate.. Thanks James

[@otalkbiz]

Wow! very edcative informative and an eye opener for me. best info.

[@laurajohnny7796]

Your support and encouragement have always been the driving factor in my life. Thanks you so much HACKBYLOYDD

[@namxhuynh]

I really like how clear and to the point you are. Thank you! I’m looking forward to learn more from you!

[@stevenchapman7536]

You are the best keep with it I’m rooting for you ✊🏾

[@Nazyaali110]

Content is gold

[@chaneljai4804]

Best KZbin channel ever!

[@Jahguaar]

I am committed to self-development & thriving.

[@abeautifulheart]

Thank you so much for all this information. I learned so much in under 20 minutes.

[@paws315]

Where did you get the terms "affordable housing", "innovation", and "sustainability"? "Affordable" in particular seems like an odd adjective - last I checked the lions share of federal tax code real estate perks and loopholes doesn't vary based on affordability.

[@blainejasmin]

Great video! I appreciate how clear and concise you explain these concepts 👍🏼

[@mcaudill44]

Business isn’t spelled Buisness… Everything else is top notch. Keep on crushing it!

[@therapturedmichelle]

I noticed many other mistakes in his English too. Hey Karlton, if you need an English tutor, that's who I am-- I tutor English to high-profile professionals like yourself.

[@stevemccollum2011]

While many of the write offs for W2 employees went away under President Trump. The Standard duduction went from $6300 for single to $12000 which means that almost all W2 wage earners made out better than they did before the tax code was changed.

[@danicaswanson6070]

Also, they didn't always have enough in write offs to make itemization better than the standard.

[@Ekimsnegdoh27]

Exactly

[@cernabonati7022]

So in other words it’s not just “tAx cUtS fOr tHe RiCh”

[@robbiemorgan2062]

Do you have any videos explaining about leveraging real estate ?

[@jeffteague4341]

I have to agree with your assessment. It works very well within the system. I however, walk outside the system and pay no Federal or State income tax or Property tax and a good portion of my Sales tax. All legal and without any government harassment for the last three years. It took me a long time to find this information and it's not even based on the IRS regulations. That's why the don't bother me.

[@tammymeadows8599]

So much information!

[@Annette941]

You are an amazing teacher! Thank You!

[@clr2991]

Wow, bravo. This breakdown is impeccable and a game changer.

[@bluelineforchrist501]

Very well explained 👏. I learned so much! Thanks a ton!

[@rize4today]

I have a high income and I’m just starting my real estate investing this year. But honestly it really does feel so wrong how the laws are set up to benefit the wealthy and keep the middle class to poor class…poor, or at least paying the majority of tax. I came from nothing and struggled through my education to get to where I am, so I understand the struggle. I’m definitely going to utilize the laws to my benefit, but still can’t help feeling that it’s a bit F’d up. Great content though.

[@Tiimfunds_team_are_loyal]

I’m humble appreciate of all what you’ve done to my son school bills this will really go a long way Xtraminer you’re the best

[@caseybrightwell]

Good video. Thank you! Keep them coming 🔥🏆

[@MackMittenzTV]

This video is powerful!!!!!! 💎💎💎💎

[@kabyfromthek7829]

You spelled small business incorrectly

[@bruser164]

You are Amazing!!!! I salute you brother. You are truly an inspiration. As a 20yr Union Electrician I feel reborn because I now have started to garner Information and pass it on to my son. Thank you again

[@kcorn12kc]

You're sooo right about not getting exemptions for working home for your company.I guess going back to the office will now be cheaper😏🤔

[@mehnsaikchan]

That 1 dislike is the IRS 😂

[@SelWreckCrew]

All I have to say is I LOVE U BROTHER

[@karltondennis]

Love you too 🤝🏾

[@curleybessard7037]

This dude got this from the author Rich Dad Poor Dad🤦‍♂️🤣🤣🤣🤪🤣🤣🤣

[@carlpod757]

Hello

[@jseezyfosheezy]

Love the content. Please double-check your spelling as it can detract from your messaging.

[@vikb2251]

Can you explain how write off offshore work expenses? i.e someone works for you from another country.

[@rawnificent]

Great info❗❗❗❗

[@ejacfilms]

Bro you lit 🔥 🔥🔥

[@edwardyu3735]

Very useful

[@MZbruh19]

When you mentioned professional investor I thought you might touch on subjects around stocks and other forms of investment like start ups, wondering if that is to come? Nonetheless great info, keep it going!

[@michaelthomas3077]

Read this in my Bible tax free wealth would like to set a consultation with you just started a trucking business and would like to hire you for service no one else knows what you do

[@jaytrump2537]

God bless

[@chrisechols2802]

Hey KD. Enjoy your videos, but I want you to have a real conversation with whoever edits your videos. Business was misspelled several times. Not said to be negative, but to help you improve.

[@tantradossantos4501]

💙

[@megapint8598]

I always agree with everything you say but you lost me on renters provide affordable housing. What a comical statement. The selfishness of these investors, who sometimes own thousands of properties, has meant I couldn't afford a home for my family. When people greedily take hundreds or thousands of houses for themselves to profiteer there's a lot less houses left for the rest of us that just need one for our family. Lack of supply drives up prices and shuts out families like mine so you greedy landlords can roll around in my hard earned money. I truly hope karma calls to collect on this greed.

[@Easyfinesse]

I would do the same if I was them. Fuck what people think.

[@beatsbybam]

💎💎💎💎💎

[@isleburgjasonjoelboyd]

Great topic. Horrible execution. Video too long and making it a series was even worse.

[@comingtofull-ageinchrist6736]

I got new for you. There is no employer out there that I know at 56 years old that is paying for an employees health and dental etc. One employer that I worked for, before becoming a union electrician, that paid a very small percentage of my health insurance and offered no dental nor vision insurance. As a union electrician, I get 45 dollars an hour, roughly and insurance and dues and supplemental retirement fund, and whatever company I take a job with pays 12.5% into a 401K, and now, there is a vacation fund they must pay into as well that accumulate .60 cents for every hour that goes into an account with my name on it, and I can use that for whatever I want, but I never worked for anyone that paid my health. By the time everything comes out of that base pay, I'm making 35.05 an hour as a quality connected Journeyman wireman. Union benefits are probably the best I've ever had and someone is negotiating new terms every time the contract is renewed with the companies that must agree to hire union electricians only. I've had so many employers through out my life that promised to pay me more if I put out more and they never lived up to their end of the promise. People tend to speak bad of union electricians, but in my life, the same kind of people are working with the same kind of work ethics, whether they are union or non union workers. You deal with the same people no matter what, and union electricians can be laid off with rehire or no rehire, and that all depends on the person! Even union companies do not pay for health, dental and vision. They do contribute 12.5% though, and that is pretty good, but my health, dental and vision comes out of that pay of 45.00 dollars an hour or somewhere close to that for a QC JW. That comes out of my wage negotiated at the end of a contract, and ever year there is a pay increase. I believe it was .85 cents this year.