How to Legally Not Pay Taxes by Tom Wheelwright

Tom Wheelwright, CPA and Rich Dad Advisor to Robert Kiyosaki, discusses how it's possible to legally not pay taxes and still be very wealthy. He discusses how to take advantage of the tax laws in order to keep more of your money where it belongs - in your pocket! Learn more here:
wealthability.com
Tom Wheelwright covers the specifics of how to achieve tax savings every day of your life using a few simple real life ideas. Wouldn’t it be great to not only learn how to pay less tax but while you are at it, learn how to reduce your chances of an IRS or CRA audit? Most importantly, learn why the tax law is simply a series of stimulus packages for business owners and investors.
Get even more in-depth knowledge and insight on how to permanently reduce your taxes and build massive wealth by reading Tom’s best-selling book Tax-Free Wealth. Learn more here:
taxfreewealthbook.com/

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[@sob1994]

I say we all boycott paying till they find that 2.3 trillion they lost/stole!

[@foxonesplash]

This guy is wrong. The IRS WILL get you. They have their own courts and you will lose. The amendment creating the IRS may have been questionably ratified, but it is still the law. I know of people that tried this and the IRS came after them and they lost. Do not listen to this idiot!!! I worked for the IRS for over 20 years and know what they will and can do legally, if you do not pay your taxes. One year employees were told to take all of our legal deductions. So we would get the least back amount or have to pay the least amount. So, I did that for the first time and ended up having to pay more taxes for the first time ever, $860 dollars. This was for 1997. I worked out a plan to pay half of it by April 15 1998 and the other half by June 15 1998. Two years later I got a letter from the investigative office in Cleland, Ohio. The letter stated that my return from that year had been investigated and they concluded I did that intentionally and would be subject to a reprimanded or dismissed from my position. My job was in on equipment maintenance of electronic equipment. After discussing the issue at the local office level, I worked in Kansas City, MO, telling what went on, I still got a minor letter of reprimand. I should have gone to the union adn filed a grievance. Now if you work for the IRS and owe taxes and cannot pay them all by April 15th you are fired.

[@sob1994]

@@foxonesplash You should watch the video " IRS fraud. No law requiring American citizens to pay taxes on their labor" it's on Ron Paul's channel. It's pretty interesting, there was an article in the USA Today offering $50,000 to anyone who can find the law. This women who worked for the IRS saw it and thought it was easy money, she looked everywhere and never found the law. I know that doesn't mean anything the IRS will get you regardless. They went after me over a mistake they made. They threatened to go after everything I had and seize all my assets. I had to pay tons of money for a lawyer and CPAs to go over like five years of my returns. After all was said and done I didn't owe them anything. One off the years in question they said I owed more than I even made for the whole year.

[@matthewcastillo9951]

There is no value in this video. Bottom line is, if you don’t pay your taxes, the IRS which is headquartered in Puerto Rico, will go after you. They can seize your assets and bank accounts.

[@Qrayon]

Better yet...until they find the $12 trillion they lost/stole. (The $2.3 trillion amount was reported on Sept. 10, 2001 by sec. of defense Rumsfeld; so that's old news.)

[@ronb6182]

@@matthewcastillo9951 Amen!

[@Dara45654565]

Tom’s insight is very informative and educational to say the least. In this short video you really get the idea of how taxes work and how the rich and elite are paying close to zero when the hardworking class are paying 40-60% of their income.

[@wisemoneyfinance451]

Yeah, this was a good introduction to the whole taxes savings concept. Good job Tom. The more you look into this topic, the more you realize just how many avenues there are to minimize taxes in the US. I actually did a video on this very topic that might give you even more ideas and help you out.

[@mjsabet33]

The idea is that when you create jobs and help stimulate the economy the government rewards you with tax benefits. There is nothing wrong with that. More should learn how to do this and benefit from its advantages.

[@AmusementForce]

😎😎😎 I live in Dubai what is tax? 🏄🏄🏄

[@julalainelagat8939]

Is that true Dubai has no taxes too???

[@Maximekamdem]

JULALAINE LAGAT yes ... you pay 0 in taxes in the United Arab Emirates ... but ... trust me ... it’s. It necessarily the ideal thing ...

[@julalainelagat8939]

@@Maximekamdem why do u think it is?😊

[@Maximekamdem]

@@julalainelagat8939 i meant that it’s not the ideal thing srry... and why : because there isn’t just money in life .. I can’t live in a place where I won’t be lucky in the long run ...i don’t know How you feel about That but I just can’t .

[@ashvina8244]

This Is Dubai Baby. Not the damn western tax culture

[@ICBMCatcher]

The only person in that room is him. There’s no crowd ... laugh track is from 1972.

[@MrClauderilus]

EyeWitnessChina lmao he selling snake oil. I know the saying but it was still funny

[@TL5official]

Yeah, not even one cough in the audience

[@bustindustin959]

Do you mean the applaud track at the end?

[@MrSparkums]

EyeWitnessChina If you can provide the law which requires an individual to file a tax return you can collect a 50k bounty..

[@ComradeRachel]

Ya the echo sound is too fake as well, and all the background noise is too much. Kinda annoying plus clearly fake

[@nitinkumar7329]

Tax free wealth by Tom wheelwright is a good book. Every entrepreneurs should read it.

[@FeedbackWrench]

Love it! If you can’t get used to rejection, you can’t be an entrepreneur. Tom, your book was the building block of my business (Feedbackwrench Web design) and the Accounting firm we built - Nuance Financial Tax and Accounting in Minnesota. I personally love “the tax loopholes of real estate” - it totally rocked my consulting and advising

[@AZStarYT]

It's simple: as an "employee", I merely claimed "exempt" on the W-4, and NEVER filed another 1040 - because I learned the difference between a "person" and a man. I also read and comprehended the definition of "United States" in Title 26, sec 7701. It's ONLY the D.C. (and may also include the territories and possessions) - NOT the "states of the union".

[@aFreeman0409]

Yawn. 13 + minutes of no information. "how to pay zero taxes; be over here". No instruction, just more hot air.

[@aFreeman0409]

@Chesapeake Bay Yeah, right. And your mamma wears army boots.

[@thedevilsadvocate5210]

If you play the their money game you pay their taxes game. Who doesn't want their cake and eat it to?

[@mjosiebert]

They'll teach you, for a fee!

[@axion4523]

@Chesapeake Bay Can you please elaborate the key points then?

[@donnytucker]

The answer is real estate. Income properties. Cash flow is the answer.

[@jmoney6652]

I wouldn’t oppose paying taxes so much if they spent our money like they cared about us. The government needs to be downsized..

[@foxonesplash]

This guy is wrong. The IRS WILL get you. They have their own courts and you will lose. The amendment creating the IRS may have been questionably ratified, but it is still the law. I know of people that tried this and the IRS came after them and they lost. Do not listen to this idiot!!! I worked for the IRS for over 20 years and know what they will and can do legally, if you do not pay your taxes. One year employees were told to take all of our legal deductions. So we would get the least back amount or have to pay the least amount. So, I did that for the first time and ended up having to pay more taxes for the first time ever, $860 dollars. This was for 1997. I worked out a plan to pay half of it by April 15 1998 and the other half by June 15 1998. Two years later I got a letter from the investigative office in Cleland, Ohio. The letter stated that my return from that year had been investigated and they concluded I did that intentionally and would be subject to a reprimanded or dismissed from my position. My job was in on equipment maintenance of electronic equipment. After discussing the issue at the local office level, I worked in Kansas City, MO, telling what went on, I still got a minor letter of reprimand. I should have gone to the union adn filed a grievance. Now if you work for the IRS and owe taxes and cannot pay them all by April 15th you are fired.

[@braindeadbtch]

@@foxonesplash why would you work for the IRS in the first place? You must be a worshiper of the baphomet too. Lol. Only a satanist would work for such a despicable organization & be able to sleep at night.

[@braindeadbtch]

The government needs to be reassigned completely with new staff.

[@braindeadbtch]

@Rabble Repository help people or enable them? There's so many people that apply for these assistance programs that it becomes impossible to employ enough staff to determine who actually qualifies for assistance & who's just a fat lazy slouch taking advantage getting a free ride. They need better assessment tests but just like everything, that won't happen it's better to just throw em in an oven.

[@braindeadbtch]

@Rabble Repository ,because I said they need better qualification programs? So you just want to give everyone assistance that asks for it? On top of that, you don't like what I said so you'd resort to violence? Then YOU have the AUDACITY to call ME IGNORANT? LOLing my ass off. You're a very sad & angry little fella, ain't ya? Poor thing. Ya, it's called opinions, & also sarcasm. Both of which, normal people don't take so serious, nor do they get so angry over them, that they want to assault others. That right there is ignorance, which clearly you're guilty of, pretty sad, pretty petty, & equally immature. But have faith, we all learn from our mistakes, hopefully by now your mother has learned from hers.

[@RR-yy2xm]

How bout telling the truth that there is NO LAW THAT SAYS WE HAVE TO PAY TAXES PERIOD!!! WHERE IS THE LAW?

[@chetpomeroy1399]

If you work in the private sector, and your earnings were reported to the IRS with an information return (e.g., Form W-2, 1099), then you are constructively obliged to file an annual Form 1040 *in response* to that information return. Otherwise, it is assumed by the IRS that you owe the taxes they claim you owe. Filing an annual Form 1040 is *your lawful testimony* in response to your workplace's/payer's testimony on the information return.

[@based_yeoman9138]

Um, the 16th Amendment?

[@loeltholiday5128]

You gotta know how to work the 13th amendments into your life to make this status fact once you fill out contracts u are now obligated by your signature etc ..

[@xylohsilverhair1715]

@@based_yeoman9138 Sir, you have been misinformed. Allow me to correct you. www.answers.com/Q/What_did_the_16th_Amendment_give_Congress_the_right_to_do Read that through all the way. Here is the Brushaber case for you to read as well. www.hiddenmysteries.org/law/research/BrushabervUnionPacific.pdf 👍

[@xylohsilverhair1715]

@@chetpomeroy1399 You are partly correct. I help people legally get OUT of paying Income Tax, so there is always some thinking to correct. All of the forms you have involvement with (W4, W2, 1099, etc.), these are all "Privileged Pay" reporting forms. When you work in the private sector, legally, you are not required to use those forms. But the IRS still wants you to use all of those forms because the IRS badly WANTS you to declare your private sector earnings as privileged income so that the IRS can legally presume that they are legally entitled to a cut of your pay. If this "presumption" by the IRS is not addressed and properly rebutted by you, the IRS can, and will get what they have presumed is coming to them, which happens on a daily basis. When you normally file a 1040, and use the privileged income documents that your private sector employers have unwittingly sent to you and the IRS, by filing, you confirm (and more than likely unknowingly lie) that you are making privileged income when you could very well be making private sector income, which is exempt from taxation. You think that the IRS is going to be honest and tell you that you are not required to file? Rarely, if ever, but probably not.

[@MsJShiva]

As a new investor, I have watched this video a few times and each time it has given me new insights on how I can earn wealth without being afraid of taxation and audits. Thank you.

[@johnbenjamin9937]

itsJanShiva. learn the tax code google it millions of pages but one page makes sense... Donald Trump loss big time $$$ but he knew the the tax code Called LOSS Carry Forward U CAN WRITE OFF ALL YOUR LOSSES AND KEEP ON TICKING jb

[@jmn93065]

The IRS is a collection agency for the Federal Reserve

[@coows]

@@unebonnevie oh, ok nice to know

[@kristiblack4789]

Exactly! The US Federal Reserved is owned and controlled by the true owners of Washington, District of COLUMBIA which is ALL the Usual Historical Suspects. Rome/Vatican and the British Crown Royal along with their Zionist Partners in CRIMES against ALL of Humanity!

[@edwardcoyle5425]

Back in the day the W2 form was IMF1040W2, IMF stood for International Monetary Fund. They stopped the labeling when people started to notice. It's just a black hole of weird.

[@1mmune3]

no, its an arm of the IMF, it reports to the Fed in order for them to balance YOUR Estate "contributions". ;)

[@jmn93065]

@@1mmune3 Ultimately winds up being split between the Queen, the British Crown and the Vatican, our masters.

[@timothykydd3959]

Everything this guy said is true. . why all the fuss?? The whole point of what he said, is that if you employ people & create employment you will be treated differently. The people who take the risks of going into business are special people because 2/3 of everyone who opens a business fails. They lose all of the money that they risked many times on many different ventures. Eventually, you get smart & become the 1/3 that wins.

[@ArabKatib]

But why only investment has 0%? Why not normal jobx have 0%? Taxation is wrong.

[@ChooChooRooter]

That’s bullshit

[@southernlights3682]

Thank you Tom Wheelwright, your presentation makes perfect sense!!

[@arthurjauregui7492]

This video was very informative on you to pay less taxes legally. We should all learn to move from an employee and self employed mentally to becoming a business owner and investor and greatly reduce the amount of taxes we pay.

[@flofontanella1000]

Don't waste 14 mins of your life in fake auditorium. He said that to pay $0 in taxes you need to be a professional investor. That's all the info, You are welcome

[@LydiaPitre]

Thank you!

[@enochenoch9813]

Don't ever - EVER file a tax return, I mean NEVER EVER not even once, doing so VOLUNTEERS you into the "system".

[@weightsidegamer4563]

True. Soon as I filed I start getting wage garnishments.

[@KK-nk4uv]

Then what do u suggest

[@enochenoch9813]

@@KK-nk4uv Don't ever - EVER file a tax return, I mean NEVER EVER not even once, doing so VOLUNTEERS you into the "system".

[@KK-nk4uv]

@@enochenoch9813 I got that but what alternative do u suggest

[@enochenoch9813]

@@KK-nk4uv Asked and answered. Take it up with the Lord.

[@SS-oz6rw]

Your info was great, however most was what we already aware of & implement(though there were other great tips we learned & will look into from the excellent info you provided .

[@yoman5136]

Saw a guy get public about refusing to pay federal and Washington state taxes back in 1981 on Whidbey Island in Washington state. The IRS came to a successful pizza business at 2:00PM one day, turned off and locked the power box, locked and sealed the doors and posted no entry notices on the building. Two weeks later I bought the contents of the 68 table 150 seat business for the auction price of $2,800. Two $5,000 pizza ovens, walk-in fridges and freezers, the juke box had $125 in it, the cigarette machine had $75 in it, all prep tables, digital scales, pots pans, dishwasher, utensils and cleaning supplies, foosball table, a couple video machines and more.

[@alyoshapearce5985]

I suspect the audience in this video is not actually there it was put in post production. It took me all of 20 seconds to work this out. Oh internet.

[@cmchambers777]

I don’t pay taxes as there is no law that requires me to do so.

[@CBRRR-eh3ky]

Do not get us in trouble.

[@robertweekley5926]

Education is Power! (If it's the Right Education!)

[@cmchambers777]

07 CBR1000RR we are all already in trouble. We have a lying, criminal government

[@yammerhaw101]

If you're not paying taxes, you're homeless, no transportation and eating out of a dumpster.

[@based_yeoman9138]

16th Amendment??

[@jeanetteroman9722]

I loved this. Especially the break down between each president and candidate in their proper categories.

[@ellenregonini8232]

Question about depreciation on rental property. When I sold my first property, I was told by my CPA that depreciation on a rental property is a deferred tax. I had to pay around $13,000 in tax because I depreciated the property. Is there anyway to avoid that tax?

[@nitinkumar7329]

Tom is heck of a CPA. I love him!

[@robertmccoy4725]

Everytime I watch Mr. Robert Kiyosaki on his teaching of taxes and becoming wealthy with very little investment it encourages me to go out and invest smart and gain wealth.

[@ripwff7502]

Tom, thank you so much for this video. Can you go from S to I, avoiding B?

[@ericurio9849]

Nothing is impossible if you are willing to pay the price to get there, and the price is how much time are you willing to invest.

[@hambomambo9702]

Interesting video....It’s every persons right to pay as little tax as possible. Tom confirms it in this video. Investors are not afraid of being audited if everything is done legally.

[@phippsey3]

Thank you =)

[@paulkierstead9461]

living in the past hetero tull

[@Cryptoversity]

Sell everything, buy a land yacht, overland expedition vehicle or yacht; work remotely living in no country......that's what I do.

[@bhamjacob]

Cryptoversity no you dont

[@dailykaizen8313]

This guy right here... Bet he typed that comment off from his off-grid floating command center.

[@Cryptoversity]

@@dailykaizen8313 Lol, I never said I had a yacht wally, that's next. Gotta wait for bitcoin to go up a bit more. I said,.....well, learn to read instead of being a bitch ass hater exposing yourself as a complete loser projecting your own lack of imagination.

[@Cryptoversity]

@@dailykaizen8313 The dumbest thing is that kaizen is about efficiency......and here you are spending your time showing the world how small minded you are. YOu need to call your channel DailyLoser .

[@Cryptoversity]

@@bhamjacob And why are you and @DailyLoser watching this? You need to make money before you can escape taxes.....put your laptop away, put down your lube and go out and do something productive.

[@adaption27]

Excellent Video! It's simplified and for those that are in tune and ready to receive it.. it makes perfect since. Thanks.

[@knpstrr]

While not a lot of detail, a great message that was presented well.

[@joshuamorin2762]

Wasted 13 minutes of my life. Literally gave no actual information. All he said was don't be an employee, be a business owner.

[@Siemianowicee]

Well you're absolutely right, but I got conformation of what I already know from experience. He explained things very well. Maybe you need to study money better.

[@christianprogrammer9131]

Actually I heard him say be more than a business owner be an investor that gets assistance from the government and incentives to do business and thus pay no taxes, which on face value I don't understand but would be remiss not to investigate further

[@maurreese]

He's expanding your context and making you question your thinking on taxes. A teacher makes you question and search out the answers. You can consult a CPA for a few hundred dollars after this and bring these questions to them to learn the content. Context comes before content.

[@JosiahMcDaniel]

The point is for you to buy the book.

[@maggiecostello7120]

Joshua, I TOTALLY AGREE!! He's full of baloney as well! I think he did this video to discredit President Trump and to push an underlying agenda! A total waste of time!

[@markmfalme]

Wow! Knowledge. Thank you.

[@christopherdudley1585]

What chapter & section of the law states I have to pay income tax?

[@seanrobin6573]

ABSOLUTELY Magnificent Insight

[@MrRonluker]

I get it. It makes total sense. One of the hardest lessons in Small Business is that when things get tough in the economy, and you have 1 and up to 50 employees, you are a small business. You don't qualify to collect unemployment, even if you are paying into the unemployment fund as an employer. It's really messed up. If you employ over 50 employees, you will start to see the benefits like he is describing. The toughest place is to be in a micro small business where I have been residing. I made micro business up. There is no such category. You are treated the same as these larger companies. It's tough, because you work in the field and have to do the paperwork as well. It's daunting. This is where you are screwed until you get out of your comfort zone and get bigger. Form a corporation and share the wealth with real players. It's a large rung to step on the ladder.

[@1realestatehomes]

I am a service business owner and I pay no taxes each year with my expense deductions..

[@dwill6267]

Thanks

[@granjmy]

Why would you make this snide remark to him? All he is doing is correctly using the tax laws.

[@1realestatehomes]

@theory816 Taxes are to keep the rich and wealthy rich and wealthy.. Sales taxes are for upkeep and repair of roads, etc. Social Security, income taxes never get to the people..

[@granjmy]

@theory816 The IRS is not a charity. Income tax was not instituted to "help the people." US Constitution, Article I, Section 8, Clause 1: The Congress shall have Power to lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; THE SIXTEENTH AMENDMENT: The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.

[@granjmy]

@theory816 No I'm not. :) I'm just showing you the Constitutional amendment and clause that the government uses to justify collecting the taxes that we pay. You need to understand me- I pay my taxes. But if the IRS tells me that I am permitted to pay fewer taxes if I do X Y and Z, then they are ENCOURAGING me to actually DO XYZ so I CAN pay fewer taxes. On the other hand.... have you seen this video about the actual legality of the IRS requiring us to pay income tax? I just found it. :) kzbin.info/www/bejne/d5THf3awlJyEpZI

[@chroniclesoftheblackhole]

Thank you sir for opening my eyes.

[@alexc2234]

Everything said here is exactly what Robert Kiyosaki says to do and nothing more. How about explaining the tax pros and cons of different corp types and how to actually spend the money generated by your investments outside of the standard write offs. Now that would be very helpful. Writing yourself a big check is a big red flag.

[@CorporateDirectInc]

Hi Alex, we do cover many of those topics on our website: S Corporations: www.corporatedirect.com/start-a-business/entity-types/s-corporation/ , C Corporations: www.corporatedirect.com/start-a-business/entity-types/c-corporation/ , LLCs: www.corporatedirect.com/blog/top-12-llc-advantages-and-disadvantages/ It's difficult to cover every use case in a KZbin video, so this is a high level, introductory video. You can also get more information about these topics in our books and courses. Thanks for your feedback.

[@alexc2234]

After reviewing your website, I didn't see the answers to those questions. Hopefully you can produce a video to address them one day. I'm sure many would enjoy to see it.

[@HagakureJunkie]

Because different corp types will have different applications based on your individual and personal needs. You NEED to talk to an accountant, not watch a youtube video.

[@udaykhatry]

Alex Cordero you cannot vet that privileged information for free. You will have to 1. Sign up for their plan. 2. Buy their book.

[@NUCLEARARMAMENT]

Set up a private for-profit entity--namely an LLC--that elects to be legally treated as a corporation (e.g. C, S, or B type [assuming it is an option]), maximize the number of tax deductions said entity is legally entitled to. Zero out the corporation's profits, by donating remaining profits to a non-profit organization that you are a founder of, to offset tax liability. Keep all assets separate completely from the corporate entities, both for- and non-profit, by storing them in separate limited partnerships in which you, the original owner of the for-profit and founder of the non-profit entities, respectively, own the sole general partnership interest, while at least one other person serves as a limited partner. As the general partner, you have total control over what can be done with the assets residing in that limited partnership utilized by the corporations, which merely collect revenue on the assets they utilize via said limited partnership. My personal recommendation when choosing a type of non-profit organization would definitely be the 501(d) type, as it is more flexible than a 501(c)(3) and has more benefits. Also, make sure your general partnership and limited partnership interests in the limited partnerships are owned by revocable trusts to ensure your assets will live on and be managed by an assigned fiduciary well after you and your partners' have passed on, the same applies to both the for-profit corporations you owned and the non-profit corporations you founded originally when you were alive.

[@imranmungai9464]

That makes me smart

[@DrSanity7777777]

Entrepreneurs are riding on the backs of their predecessors, inventors.

[@mdonedo87]

There is no law that says you have to pay your taxes.

[@loveitmuch]

True. And they are bullies with guns and surveillance and this video "Might" be a ploy to stockpile people who desire to not pay taxes

[@Kane6676]

Gordon kahl showed people how to actually not pay taxes and the govt killed him. Same thing with others who did the same

[@frankpolacik6242]

Kane6676 Gordon Kahn

[@thedevilsadvocate5210]

You have to pay your share to the crown

[@Hizenbird]

There is no law that says if you jump off of a 5 story building and land on the ground below you will get hurt.

[@oftm9717]

According to IRS.GOV you have the right to participate in providing deductions to offset what you owe for taxable income. Taxes are a law in the USA, of course you don't have to volunteer to do your tax deductions, but they will get an income report on you and base the income tax off what they have on file that has been reported to them. Look it up yourself and correct me if I am wrong.

[@craigwilson777]

Awsome video! Gave me a wake up call! Thank you!

[@110americalovingpatriot2]

Thank you for the insight. I have a great job and I'm sick and tired of paying 600 to sometimes1000 dollars a week in taxes I don't have hardly any debt and would like to do something to lower my taxes since my kids are gone I don't have any deductions. I thought of starting a small business at my house but my CPA who I don't really trust advised against it so I'm not sure what to do. I am a jack of all trades and could easily fix up houses or cars but not sure how to go about it or what to do. Please help anyone.

[@BlackTarzanDME]

Curious George check out bigger pockets podcast. I think you'd be successful with buying properties cheap that need fixing up, and turning them into rental properties with higher rent

[@victorshultz3265]

lol youre poor you will always pay more. thats the world. trump isnt smart he was born rich....

[@leonlovee6887]

Hey hook up let's open a business iv been looking too

[@SurferTy]

I rarely talk on these topics. But it’s rare to see someone reach out in this manner. First off to the people talking about trump and the golden spoon.... what about; “Bernard Baruch, Jesse Livermore, John Templeton, George Soros, Stanley Druckenmiller, Paul Tudor Jones, Ray Dalio... You want to get in the “I” category? Follow these guys. Read their books and study; currencies, equities, and commodities. The approach is not normal, not easy but challenging! Owning a business or rental property is ALOT of Work! Investing, to me, is a giant game that is always open. As Warren buffet says, “each stock is like a pitcher and a batter in baseball. But in trading, the batter can sit and wait for the perfect pitch.” Paul Tudor Jones calls it “asymmetric trading”. Soros calls it the “Alchemy of Finance”. Best of luck.

[@KaiSupply01]

Get a second opinion from a different CPA

[@andrewadamian1834]

This is the best advice anyone can ever give. Successful future building techniques at its finest. What a Great speaker.

[@reneguevara8832]

I learned that audits are not bad, and not be afraid of but rather a way to learn how to reduce taxes legally. Getting professional advice always will pay off at an incredible rate of return.

[@cathylaurent9765]

Can you come teach us how to make money without paying taxes in Canada. 😎

[@Cryptoversity]

@Cathy Laurent ; from what I can tell Canda is similar to Denmark or New Zealand when it comes to taxes (they are efficient and organized at taxing and stealth taxing, but you at least get many socialist/public services....as opposed to america which is innefficient, incredibly wasteful and being ruthless money-grabbers with tax while delivering all of the money to corporation yet practically no public services except the socialist things which deliver anti-eugenics and social decay only (empowerment of single moms to have another kid to another baby-daddy who will statistically enslaved in a private prison + paying soldiers till they need treatment for PTSD) so they can say "look how bad socialism is. On the other side, Americans also deliver Capitalism wrong so the left can say "look how bad capitalism is......when it is just crony-capitalism/corporate-welfare.

[@gogoli1970]

Another eye opening Completely changed my way of thinking regarding taxes and moving up

[@camgere]

Robert Kiyosaki explains the Employee/Self-Employed/Business/Investor quadrants in "Cash Flow Quadrant". When I was a low 6 figure employee I paid mid 20% federal taxes, California state taxes of 10%, 7% Social Security and 2% Medicare or a bit over 40% total taxes. The year I sold $1million dollars of stock options my total tax was over 50%. I took that money and became a real estate investor. To go slow, I bought CA houses for cash. CA has very little cash flow so I netted less than $20,000 a year, especially with depreciation allowance. I'm sure you are crying that I am a poor person. I pretty much made appreciation, pretty good in CA, even after paying depreciation recapture. Let's say I bought real estate in a high return state and had $100,000 of net income. I could buy or refinance my rentals with mortgages with $100,000 of interest deductions (check with your accountant, tax law changes all the time). So I make less cashflow, but am In a low tax bracket. By deciding how much I want to pay in mortgage interest I can decide my taxable income. Try deciding how much your taxable income is Mr. Employee. It's that "Quadrant" thing!

[@SimSpark1]

Does this count for The Netherlands too? Do you have the right connections to grt this done?

[@perezm714]

Why not a flat tax for everyone one (i.e. 10% gov't defense, 10% state infrastructure, 10% county services).. No exemptions or loopholes for anyone.

[@peacefulwarrior4151]

perezm714, because they would raise it to 20% then 30%, when income tax was first introduced in 1913 it was at 1% which No one really had a problem with

[@elleondejuda4681]

Cause there is no real justice in the world. What you are saying is fair for everyone, but not for the rich , they make the rules and laws work for them.

[@lesfurrow]

Visit Losthorizons.com

[@edward9862]

How about do away with counties alltogether? We arent riding to the county seats anymore.

[@MrSparkums]

How about instead we all just stop paying at once, and tell the traitors in our government to go to hell, no more wars for Israhell's Yinon plan for greater Israel...

[@gudmundurrafngeirdalbragas1513]

That was a very convincing speech: only 20 percent tax for big business and down to zero for investors.

[@thomasc.jackson7432]

Great information and demonstration!!! Excellent as a matter of fact.

[@Trd2020]

How do I go from s to b? I don’t know where to even start???

[@samosa5925]

Waste of time...you already know what he said: the government loves entrepreneurs and business people who pays zero tax.

[@Kas1122]

No real information at all in the video

[@jimdandy8996]

All of these politicians are at least big business - ever hear of the Clinton Foundation?

[@nicolas.pascal]

They do it illegally. They aren't smart enough to figure it out legally.

[@melishamcelroy5112]

fireball1 ; Nobody pays taxes on Real Estate used for profit, unless their an idiot.

[@stanleymcomber4844]

Wow what a surprise, played little league baseball with Tom. He was my catcher when I pitched. Great guy.

[@mofo6724]

You do not have to go from 1 to the other. You can go straight to 'I' by buying rental properties, as Robert Kiyosaki teaches in his book "Cashflow Quadrant" As featured in his book by that title.

[@Kimyumoto16]

Mo Fo The problem with that is you need and average of 4 million to make any decent return on your investment. Not many people have an extra 4 million lying around.

[@samanthawatkins7977]

Get rid of the IRS and have a national sales tax... fair tax. .Org

[@jimcole6423]

@Rabble Repository You mean: bass ackwards.

[@thaingo4764]

Didn’t really give much detail besides Investors doesn’t pay tax. A waste of time

[@evaristegalois8600]

The answers is to put all your expenses like business expenses

[@reecem367]

Since when is an investor a true entrepreneur? They're just gypsies who shuffle money around, no actual value created.

[@evaristegalois8600]

Kevin Zhou some company wouldn’t exist if they didn’t had capital : Money don’t come out of thin air but from hard labour

[@reecem367]

@@evaristegalois8600 Hmm money doesn't come out of thin air, didn't know that. Thanks for enlightening me. Look man, at the end of the day somebody has to actually make something or offer a service. Putting up the money is a very passive role, kind of like just providing fuel. Whoever is putting in the work...coming up with ideas and so forth- they are the true entrepreneur, end of story.

[@evaristegalois8600]

Kevin Zhou Kevin Zhou I absolutely agree with you but the deal breaker is : WHEN YOU INVEST YOUR OWN MONEY YOURE ARE MORE VIGILANT ABOUT THE OUTCOME (YOU want to make a profit most of the time creating value ) Look at the postal service or dmv In my humble opinion the private sector most of the time is more efficient Than the government. Al respect investment it is a self reinforcing mechanism the money go in the long run in the most profitable business (who creates more value). I assume that when you have a respectable returns on asset you have allocated well the capital (NOT ANYONE CAN ALLOCATE THE MOST EFFICIENTLY THE CAPITAL) Of course the investor don’t invent anything but he finance the creator or entrepreneur and his role is important(in my opinion). An economy with credit grow faster than one without This video will explain more in detail My view about why only the fact to have investor is good for the economy m.kzbin.info/www/bejne/rJuaiXiurKibras

[@itzhaklevy2452]

This one is a good opening eyes for all those who afraid of getting involve in investment!

[@Bloodsaber64]

Ok so, where do you find the official documentation for achieving the investor tax rate?

[@bicyclist2]

That looks a lot like Robert Kiyosaki's cash flow quadrant. Thanks.

[@officialdjclout]

christdragon yup. Why not just be an investor and skip the other 3

[@mariemedinavd]

↔

[@garybwright3183]

Thanks for the information, it was helpful for my vision board.

[@robertesparza8242]

Thank You for the awesome advice.

[@satoshihakamoto4736]

Great explanation about taxes

[@atheistontheroad4545]

Nothing is said in the first 3:30. That's a total waste of the first fourth of the video. The rest has nothing actionable in it either. It's nothing more than "You gotta move from this box "E" to the box "I" to get better. Oh, and you're scared."

[@johnbenjamin9937]

Atheist In Louisiana. makes sense get out of W2 employee thinking and get into investment thinking especially real estate passive income tax write-offs deductions etc.jb

[@atheistontheroad4545]

But the video says nothing about that. Seriously, the video doesn't say anything about what "W2 employee thinking" or "investment thinking" are. It doesn't say anything about how to go from "box E" to "box I". There is absolutely no actionable information in it at all. It's just clickbait.

[@johnbenjamin9937]

Atheist In Louisiana. Im an accountant handled D Trump and Merv Griffin RIP Resorts Intl deal while at a major law firm in NYC....this video could never tell you that cause he really teaching you Tax avoidance not tax evasion.. So the quadrants are showing u how it works....you must get over to I. quadrant because your coming into passive income designed to give you deductions depreciation writeoffs leading to wealth cause your paying 0 taxes... called Loss Carryforward in the tax code....The corporation is key here owning assets to get that done.....Rich Dad shows you this... Congress purposely did this to stimulate business assets and investors building development and creating jobs jobs jobs why because they get huge tax revenues... real estate is really bout finance so debt or OPM others people money becomes the issue.. this video is broken down into generalities can never specifically show you anything until your in the game sought of like theory now go and practice or do it..jb

[@johnbenjamin9937]

Atheist In Louisiana. go get the book rich dad poor dad... then look at the real estate investment book of rich dad poor dad....do you realize that Pres Trump and Kiyasky mispelled author of rich dad poor dad were partners for a while there doing deals jb

[@atheistontheroad4545]

I don't believe you are who you claim to be. Since you have resorted to lying and not addressing anything that I've said, I'm going to end our conversation here. Please enjoy the remainder of your day.

[@freedom-uc2hm]

I can assure you I've taught this to people but they don't do it there's no gradual conversion to being a business man or investor, your either a business man or not. Teach this to kids not adults coz their already used to doing what they do.

[@Newlinjim]

teflon don my experience has been the same. Focus on the kids 10 to 14 seem the most response to logic.

[@mr.marcus6190]

The guy who wrote this comment is a genius

[@jthorn3373]

Easier to build strong children than it is to fix broken men

[@paulbrittgarcia]

Want to NOT pay income taxes? 1. Buy a copy of The Internal Revenue Code from The Government Printing Office! 2. Read the first 50 - 100 pages of regulations! 3. You will find out that there are 2 types of Citizens ---> Federal Citizens and Citizens of the States! 4. A. If you were born in Washington, DC or any other US Territory such as Puerto Rico; the Virgin Islands; etc you will find out that you are a Federal Citizen and you have to pay taxes! 4. B. If you were born in one of the states; you are a US Citizen, and you do NOT have to file or pay income taxes! 5. Even if you are a Federal Citizen and are therefore liable for taxes ---> You ONLY have to pay taxes when you "receive a letter from the Secretary of the Treasury telling you how much you owe" ---> and since (as far as I know) they NEVER send out these letters ---> you never owe any income taxes!

[@bigdaddy9089]

So who is the team and people we need to contact for this? You didn't site any information as to who to talk to to start this?

[@bluefieldspaintersplus9210]

Nice Kiosaki quadrant.

[@endthefed5304]

So... how do I structure my Bitcoin investment to pay no capital gains or other tax?

[@nachannachle2706]

Channel your Bitcoin into real-life assets/investments. You will get CGT rebates on your trading gains AND you get further tax rebates from investing. Bottom line: NEVER use your Bitcoin gains to make fancy/expensive personal purchases (i.e lambos, diamonds, vintage cars). Luxury items have the worst tax/VAT/GST rates of all assets.

[@droopypie]

James Dean, go to aceofcoins.com - you can defer taxes for Bitcoin

[@thedevilsadvocate5210]

Start a non profit

[@iLiokardo]

Length of video is 13:37 EDP: Entrepreneurship Development Program (yeah right)

[@normanbyler8556]

I have rental properties & invest in Futures markets, only income make money every year on both, But Man do I pay Taxes, don't even ask me how much I pay Insurance! You got to be a BIG INVESTOR to get those benefits!

[@EverydayRamenForTheHusky]

I don't know if his facts are right. He says specialists and "small entrepreneurs" pay 60% in taxes. I only pay 20% as a self-employed small entrepreneur. That's America. Definitely not 60%.

[@tikvahtikvahlevy6324]

Thanks for all the info to save tax so you can invest . Instead of you work for your money, your money works for you

[@AKC357]

this fella IS AN ABSOLUTE LIER👎🏿😡❗️ According Truthful To Tax Law/Code Professionals. According To These Professionals, ABSOLUTELY NO Empoyee Is Liable To Pay ANT TAXES ON THEIR LABOR, Because THERES ABSOLUTELY NO LAW REQUIRING US TO DO SO👍🏿❗️ m.kzbin.info/www/bejne/d5THf3awlJyEpZI

[@KingParisBuckingham]

Hi princess.mr.caribbean admiring u.nyc..which state u in?

[@patriots5628]

About Taxes Article 1 section 10 of the USA 1789/1791 constitution prohibits States from using anything but actual gold and silver coin as tender and payment of debt. So how do they tax you in Federal Reserve notes? Federal Reserve notes are defined as obligations in The District of Columbia Act. The U.S. in this case, is the federal corporation the District of Columbia, also known as USDC or the UNITED STATES. It was created by the congressional act of 1871. Also see 28 USC 3002 (15) “United States” means- (A) a Federal corporation; prohibits states from taxing federal obligations except for corporations. So if a US citizen or resident alien can be taxed in Federal Reserve notes, then they are a United States corporation/ U.S. citizen. A State Citizen is not, and no unconstitutional tax can be levied against a State Citizen. And congress has not authority over State Citizens. Since many across this nation has figured out the citizenship fraud, and are correcting the fraud via passport, the enemy is in panic. The IRS has the right to inquire about taxes if you cannot prove State Citizenship. See…"Unless the defendant can prove he is not a citizen of the United States, the IRS has the right to inquire and determine a tax liability." U.S. v. Slater, 545 Fed. Supp. 179,182 (1982). So order lots of certified copies of your birth certificate. If you receive letters from any government entity, mail them a certified copy of the birth certificate with a CEASE AND DESIST letter. (An example cease and desist is at the end of this treatise.) Do this for each and every letter they send you. Always mail it back to the address you got it from, as well as to the address they want you to answer. They may send you a letter form a different address later. That’s how they try and get around it. I have mailed about 7 letters before they stopped. Some of the envelopes I didn’t even open. Do not let them scare you. Then they are finished. This goes for any government entity. (An example cease and desist is at the end of this treatise.) Do not panic should you receive scare letters certified mail or not. They are meant to scare you into capitulation. They are meaningless, but they look like they have official jurisdiction and sites lots of law and etc… They most typically use words such as offer, request, proposal, notice of non filing, you need to, we want you to, we need you to, possible prosecution, (note the word possible) and etc… And the enemy sometimes stuffs your mailbox full of these official looking scare letters, to enhance the scare factor. (4 or 5 at a time.) And send them often. They are trying scare you into obedience. These letters are carefully crafted to leave you shaking with fear. The people who receive them, send back a cease and desist letter with birth certificate. (An example cease and desist is at the end of this treatise.)

[@chriscb]

I'm not familiar with his acronyms. What is "E.D.P."? Nevermind, I found it: Entrepreneur Development Program by Robert Kiyosaki

[@Asafo_Kofi_The_1st]

Very educative. I would like to build (or be part of) a system other than Network Marketing that generates Passive and Residual Income. Any recommendations?

[@bitario723]

And that didn't tell us anything. Like how exactly do we do this???

[@ttdenadaabba2149]

bitario723 YEA NO SHIT!

[@HarishKumar-cd2md]

bitario723 get financial education.

[@bitario723]

harish bahmani the title says "how to...". Therefore it is misleading.

[@bishop198666]

he did tell you and you dont understand thats why you will always be poor

[@bitario723]

bishop198666 first of all I'm in the top 5% in the USA so I am far from poor. Secondly I watched the entire video and no, he did not say how. Please enlighten me with your wisdom, or will you always be full of shit???

[@joules1364]

Read up the meanings of "employee" and "trade or business" both have specific definitions when used by IRS. Once you understand what they mean you can rebut the accusation of receiving wages or operating a trade or business. Study and be free.

[@maegankafka4540]

What dictionary does the IRS use for those terms. I looked at several different dictionaries, and they all have a slight variation.

[@endthefed5304]

What about capital gains?

[@endthefed5304]

@@maegankafka4540 the IRS uses the definitions in the code. You have to use their definitions

[@joules1364]

Title 26 sec 3401 (a)wages & (c)employee Sec 7701 (a)26 trade or business What kind of capital gains , stock sales or home sale?

[@endthefed5304]

@@joules1364 Bitcoin. But I don't plan on exchanging it for USD. Just direct purchases.

[@debrahiggins9495]

Actually very interesting. Learned a few things!

[@piotr780]

in Poland we pay ~30% as S, not 60%, but bigger firms pay 35/40%, Investor pays 19% of his revenue plus income tax

[@jamieriggensyahoo.com187ri8]

In other words be as sneaky and a good theif as the government!! It takes a theif to catch a theif

[@lindaengstrom893]

Jamieriggensyahoo.com187 Riggens no

[@alsansoni5321]

... and at what point is he going to show how to not pay any taxes ?

[@maxxxstrong4577]

Keep you the good work!!!

[@realestaterayct]

So if I have a little capital I can skip straight to I correct?

[@crmesson22k]

I doubt Hillary pays taxes also. lol

[@murielevans7651]

RIGHT!

[@DaveThomson]

Cause she wipes her hard drive with all her quickbooks files

[@marcopolo9622]

Hahahahaha omg these comments I’m shiting myself 🤣🤣🤣🤣🤣🤣🤣

[@mariarios5386]

This video made me view taxes differently. I ‘m planning to move to a 20% bracket.

[@adamfranco6603]

Yo tambien

[@SveikatosOaze50plus]

to 20% bracket you should be huge business owner. Like B Gates

[@earnwithhearn180]

How do they take a salary ?

[@lindaingirghoolian8838]

Teaching how to move from Employees to Investors.

[@whatshappening177]

Oh yeah, Dude! thats all I have to do.

[@FilipinoViking]

Anyone else laugh at 7:40 when he said "this is hilary..." Then wrote 'Cunt' on the board before they zoomed out?

[@jakduf1]

Eric Kay, hahaha I wouldn’t have caught that if you didn’t point it out

[@buildingassets]

That's hysterical!

[@SamFreedom]

Lol you know he wrote Clinton, right? So, you're joking? I think it's funny either way... lol

[@ShawnWi]

The ‘L’ and ‘I’ were hilariously close 😂

[@Elizabeth-yg2mg]

He wrote "Clinton" you imbecile.

[@goldenremnant2610]

Income is defined as profits after paying for costs. Wages are considered a cost, not a profit - per the Supreme Court back in 1890's (can't remember which year). Therefore, for a wage-earner, if you don't fill out a W-4 renewal every year, you ain't gotta pay taxes, because there is no binding contract and no law that says you must pay. That simple.

[@Plissken68]

if you really want to find out about how to not pay illegal taxes, I strongly encourage you to watch Dave Champion or get his book.

[@billparry79]

He’s great Pete Hendrickson’s book is excellent too

[@zernadjiya]

You have to go from here to here and ultimately down here. I am sorry Where?? I am lost here.

[@nachannachle2706]

​@HOF_Coach Tim Mendoza He is selling a BS dream that works ONLY for people with the "right" connections or the "right" family name. How convenient of him NOT to mention that Trump's father was already a magnate in real estate business? How convenient of him to occult the fact that Clinton went to free mason Harvard. He talks as if everyone can start their corner shop and become a "Big businesse" after 10 years or lifetime. Well, he said it himself. Small businesses are taxed SO BADLY that they often spend so much energy trying to SURVIVE rather than trying to grow. Furthermore, the information that he is hiding is that to go from Small business to Big business, you often have to sell yourself and your enterprise to shareholders, investors, existing big corporations and other sharks who will eventually trample your original principles. Well, some people just want to serve their communities, not rack big bucks. It is just a shame that governments reward them with big taxes rather than allow them to operate without hurdles. I guess everyone is nothing but a peon to the IMF and the BIS...until they aren't anymore.

[@pavelbaranov6635]

"how to" ... my a$$ ... let me talk about this image i drew for 15 minutes ...

[@GunclePat]

Interesting -- thank you.

[@pjdelucala]

His tax rates are exaggerated. Specialists don't pay a 60% effective tax rate in the U.S. But the point is that people that are investors do pay a lower tax rate.

[@DelbertStinkfester]

I haven't paid taxes for 30 years.....I just married a rich lady

[@PeopleHealthTru]

Everyone pays sales tax except government. Owners and renters pay property tax. President Trump paid many millions in personal income tax.