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@lkaaloa3 жыл бұрын
Like your closing comment "instead of griping about it... I just might do what they are doing'. So true!
@jackiegarlinghouse64932 жыл бұрын
I could watch your videos all dayToby. You are a saint. Hoping to meet you and talk to you at the Summit in August.
@kasiwilliams59272 ай бұрын
Another amazing video thank you so much for sharing your knowledge.
@viracitycorp25772 жыл бұрын
your comment about wanting to spend our taxes where they matter is spo t on. Govt cannot be trusted to spend it wisely. Awesome vid as usual
@anntiup Жыл бұрын
THANK YOU SIR;; I LOVE ANDERSON & ASSOCIATES 💯💯‼️✔️✌️
@boushrahaidar4733 Жыл бұрын
Hey toby how can you transform your royalties into a passive income?
@Mcbinstalls3 жыл бұрын
Thank you!! Always appreciate your lessons.
@TobyMathis3 жыл бұрын
Our pleasure!
@leelowe84822 жыл бұрын
Questions Do you forsee changes in IRS once they have access to all transactions? With all the cameras and surveillance items and self driving vehicles will attorneys be needed?
@innerscorecard9433 Жыл бұрын
are all dividends taxed at LT cap gains rates?
@Paka62673 жыл бұрын
You never cease to amaze me Toby. You are a great educator of financial wellness. Thanks for all you do !
@TobyMathis3 жыл бұрын
We appreciate your comment! We are also happy that you find the content educational!
@Jason.Jodway3 жыл бұрын
What is the requirement for LLC owndership to count as a passive business?
@TobyMathis2 жыл бұрын
You cannot materially participate or the LLC has to generate passive income (ie rental properties)
@KladosVentures2 жыл бұрын
Looking forward to speaking with your team...I am 1099 on about 85% of income...Can I create the WY LLC even though I reside in CA? Would it be best to obtain a non resident life and health insurance license in state of WY? I already have in AZ and IL.
@TobyMathis2 жыл бұрын
Yes, you are able to create a Wyoming LLC despite living in California. Whether or not you will need to obtain licensure in Wyoming in order to sell policies through an entity based in Wyoming but doing work elsewhere entirely depends on the state's insurance selling licensing requirements/securities selling requirements. It will not hurt to get a Wyoming license as well.
@ethelperry45292 жыл бұрын
Thank You !!! : )
@jamieLE4072 жыл бұрын
Toby, this is phenomenal content; thanks for educating me on this.
@chrissmith1001 Жыл бұрын
Toby, you had an amazing quote about how an individual has the right to set up their own affairs to pay the smallest amount of taxes. Do you recall precisely what that quote was?
@briantruth21132 жыл бұрын
If Actors receive Residual income stream for the Re-use of previously performed work, via a W-2, should FICA/Medicare be deducted? Is this considered Portfolio Income?
@TobyMathis2 жыл бұрын
I believe the work of an actor would likely continue to be assessed social security taxes. Use an S-corp to avoid.
@gitanacowgirl2 жыл бұрын
I LOVE these videos, Toby! There's such interesting information here. I'm going to grab popcorn and a notebook...and your channel is going to replace all tv for me. This is SO much better than reading a dry book over these topics. Thank you so much.
@TobyMathis2 жыл бұрын
Thank you so much for being such a generous viewer, we hope our videos continue to enlighten you!
@qualitytouchpainting4392 жыл бұрын
Is crypto staking truly a passive income stream? Can the “interest” be used to purchase real estate & avoid the short term capital gains?
@poppylove36732 жыл бұрын
This is fascinating, we definitely want to learn more about the rules of how to pay less taxes. We are looking forward to your upcoming online seminar! 👍🏼
@TobyMathis2 жыл бұрын
We hope you join the seminar, we would love to have you in attendance!
@christerrell7548 Жыл бұрын
Excellent presentation and very informative! Your educational talks help take the "stigma" from acquiring weath. Being rich doesn't make you bad.
@bradywade Жыл бұрын
Excellent Toby! Getting into the tax free content! Question: If a W2 employee (Pub School Teacher) establishes a n S-Corp for his side gig, selling Bonsai plants can business expenses offset his W2 income? The expenses exceed the profits right now. In CAL. Cheers, Brady
@TobyMathis Жыл бұрын
Thank you so much for your question! We highly recommend you join us at our next Free Tax & Asset Protection Workshop Livestream. Our attorneys and specialists will answer all your questions at no additional cost. Save Your Seat: aba.link/taptoby
@Suthrngal2 жыл бұрын
I love this channel and hope to hire you soon to get my plans solidified properly.
@NobodysFaultPodcast2 жыл бұрын
I just discovered your videos today. After watching just a few I'm amazed how much info you pack into each video. Great job! A new subscriber 👍
@TobyMathis2 жыл бұрын
We are glad to hear that you enjoyed our content, thank you for subscribing!