You Can Legally Pay No Taxes by Tom Wheelwright, CPA

[@CharlesLiamh1p]

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.

[@TheodoreMateo3h]

Making profitable investments during this time of political change can be risky without that insight. For me, working with an adviser is the best first step to navigate these complexities and make informed choices.

[@HenryLucask5l]

I think having an investment advisor is the way to go. I've been with one because I lack the expertise for the market. I made over $490K during the recent dip, highlighting that there's more to the market than we average folks know.

[@CharlotteNoah3]

Hmmm this is quite interesting, Please can you leave the info of your investment advisor here? I’m in dire need for one.

[@HenryLucask5l]

Nicole Anastasia Plumlee can't divulge much. Most likely, the internet should have her basic info, you can research if you like.

[@CharlotteNoah3]

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get.

[@n1k0flow]

Don't be afraid to get audited... That's all I need. Thank you

[@lisarogers5873]

If you've listened to Robert Kiyosaki or any of Tom's other videos, start the video at 4:21. Before that is mainly intro. Good information after that.

[@kendrabonds6901]

I've met Robert Kiyosaki years ago when he spoke at a local church out in Mesa Arizona

[@alexl932]

They always REPEAT OVER & OVER THE SAME BS skin-deep basic common sense knowledge, SELDOM/never give u DETAIL on how to pay no tax, and sometimes even LIE like RK once said he makes $1M and use it as a down payment to buy $5M then use depreciation to offset income then pays no tax, that's a lie b/c 1) AS LONG AS YOU MAKE $, you have to pay tax, that's the COMMON SENSE LAWS - unless you heavily borrow 10x, heavily in debt take all innessary risk (debt=risk, if not careful debt come back to buy you like unpredictable Black swant event i.e. during Covid pandemic 3+ yrs, POLITICIANS ALWAYS (REMEMBER THAT) MAKE LAWS HELP THE TENANTS [NOT LANDLORDS B/C there are only a few or less % voters are LL or business owners so why make laws side with LL/business owners to gain only a few % voters, surely they make laws SIDED WITH TENANTS OR min-wage-law attack business owners/LL to gain MORE VOTERS b/c probably 90% populations are EMPLOYEES/RENTERS so make laws kiss their ass will get more votes even make LAWS AGAINST LL/BIZ -- u should pay me edu u or subs then later when I've time to make video edu u lol) ... 2) don't listen to the dummies or R.E. fake gurus/crooks, only pay $ like spend $M LUNCH WITH the world richest, smartest, best investor WARREN BUFFETT who hates R.E. or LANDLORDING (rent R.E. to tenants) as 1 of the worst business there is, b/c ALMOST ALL LAWS ARE AGAINST LL (Landlord); during COVID 3+ yrs shut down, politicians make RENT Memortorium laws help renters DO NOT PAY RENT 3+ YRS=LL LOSE 3 yrs rental income, yet they do NOT make laws help LL stop pay mortgage 3+ yrs=against LL, who said laws favor/help BIZ/LL are liars/crooks. 2) all other business takes 1-5 or 7 yrs FAST depreciation, but R.E. takes SO SLOW 27.5 to 39 yrs DARN SLOW DEPRECIATION MEANS IRS TAX LAW PUNISH U INVEST IN R.E. so u cannot OFFSET other income FAST ENOUGH TO PAY LESS TAX. c) out of the IRS TAX, when u buy R.E, the Land Value=LV, say 40% of $1M R.E.=$400k is L.V, that 40% or $400k is UNABLE TO DEPRECIATE=U RIGHT AWAY LOSE $400K in depreciation=u lose already to begin w/ in R.E.; then the rest is 60% of $1M R.E. is structure Improvement but TAKES 27.5-39 YRS #@# too SLOW to depreciate so u cannot OFFSET ALL OTHER INCOME as RK lies about use his $1M/yr income as a down pay buy $5M R.E. then pays 0% tax=lie; the MATH/LOGIC AND LAW (both RENTAL LAWS LIKE RENT CONTROL/EVICTION CONTROL/RENT MEMORANDUM LAW & IRS TAX LAW) always right, now u need to pay me edu u change your life LOL. Here's the fast math: $5M R.E. only, say, 60%=$3M is Improvement divided by 27.5-39 yrs (apartment more than 4+ units takes 39 yrs), so $5M*60% /39yrs=76.9~=$77k/y, this TOO LITTLE $77K DEPRECIATION CANNOT OFFSET all other income as he claimed: business makes $1M/yr then invest it into $5M, assume earn 10%cap rate, NOI=$500k (the $5M R.E. also generate income, otherwise WHY BUY A R.E IF GETS NO INCOME) so the total income EXCEEDS $1M/yr from business + income from the $5M apartment rental=should exceeds $1M+$180k=$1.18M, then minus this TINY $77k/y DEPRECIATION=u still pay more tax then without invest into this $5M R.E.b/c the MORE INCOME U GENERATE (CASH FLOW), the tax U GETTA PAY, unless THE R.E. CROOKS LIE TO U BUY R.E. LOSE $ or earn only 5% cap rate not 10% LOL. I hate them waste my time THAT REPEATS FOREVER JUNKIES NON PRACTICAL KNOWLEDGE AND ENVER GIVE U DETAIL INSIDEFUL real knowledge. EVEN 4)NEW LAWS R.E. UNDER PRESIDENT TRUMP, the cost segregation (C.G.) but YOU'VE TO LOSE $K TO HIRE EXPERTS TO DO THIS C.G and THIS LAW IS NOT HOLD FOREVER, IT'S PHASING OUT FROM 100% TO 25% A FEW YRS LATER, while all other BUSINESS ALWAYS IS 100% FAST DEPRECIATION IN 1-5 OR 9 YRS NOT takes #@# slow 39 yrs=force u pay more tax, that's why WORLD SMARTEST/RICHEST INVESTOR BUFFETT HINT U PAY TUITIONS/LUNCH/DINER WITH US TO TEACH U THE REAL PRACTICAL KNOWLEDGE we've learned from mistakes, don't waste time & buy fake gurus/scamers include Meet Kevin, Stephew Graham, BiggerPocket, tons of such R.E. gurus=their way to make $ is TELL U A FAKE HOPE=R.E. IS THE BEST to get rich dream, they make their most $ by scam u buy their products or YT SUBS + ADVERTISEMENT REVENUE, IT HAS LESS/NOTHIGN TO DO WITH they've 10k apartment rents to 10k famlies of all life path, u cannot 100% FILTER OUT CRIMINAL/HOMELESS/DRUGGIES/MENTAL ILL TENANTS (how can u have 10k rentors NONE OF THEM or 0.1% are UNDESIRED CRIMINAL/DRUGGIES/ILLEGAL IMMIGRANTS/MENTAL SICK?), that's why BUFFETT HATES R.E. BE LL=EVEN THE KING OF R.E. PRESIDENT TRUMP TAKES 70+ yrs and 2+ Trump generations to earn his $1+ Billion if w/o BK 2+ times=R..E IS SO BAD, IT TAKES 70+ YRS THAT LONG TO EARN $B vs. Tesla, AMAZON, FB, AMD, GOOGLE ALL MAKES AVG MEN FROM NOBODY BECOME WORLD RICHEST under 25 yrs & Buffett is so happy invest $30B+ buy APPLE, BANKS, CANDY HAPPY BUSINESS NEVER HIRE TEAMS OF LAWYERS TRY TO COLLECT RENTS/EVICT THEM/BABAYSIT ppl of all kinds=headaque and all laws AGAINST LL except 1031-Exch law which Biden wants to change to punish R..E EVEN MORE. U need to pay me or only be with the RICH, SMART, AND REAL HONEST people NOT scammers/crooks/lie to u. KNOW MATH/SCIENCE IS MORE IMPORTANT THAN ENGLISH OR ANY LANGUAGES b/c God's language is MATH/SCIENCE/LOGIC-=these neve lie; human using observation & math then Newton/scientists can calculate the mass, distance & how the universe works, so math is more important than English/Chinese/Spanish/any language, educate the girls/boys, they said u ought to pay me edu u lol.

[@chadhaire1711]

@@kendrabonds6901 he was a liar con man then and now--so is this tax man clown

[@gingerkilkus]

These frequent tax code changes are disrupting my long-term investment strategies. Are there ways to structure my investments to be more resilient to potential tax code modifications?

[@fadhshf]

I honestly think America needs a completely restructure of their political system. It is just not working. Trump and Biden being elected out of 300 million people to run the country is evidence for that too.

[@hasede-lg9hj]

This is why the US should elect more progressive politicians, who know how to manage budgets and give us (yes, pur country's initials literally spell out that pronoun) much better tax credits in return for better public education and better public healthcare. but since these are nonexistent, my husband and I are being guided to finance our retirement and healthcare through a diversified investment portfolio

[@lowcostfresh2266]

@@hasede-lg9hj How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?

[@lowcostfresh2266]

How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?

[@hasede-lg9hj]

Annette Marie Holt is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@davidgooley8940]

I will always remember this quote from Tom Wheelwright. The tax code is written in such a way so as to not pay taxes with little information on how to pay taxes. Simply put, it is revenue minus deductions that are reasonable, expected and relevant to what you are doing.

[@fmagalhaes1521]

@TomWheelwright. After reading your book, “Tax Free Wealth”, this video makes a lot of sense. I am glad I subscribed.

[@sheshotjfk8375]

Yeah, yeah, yeah. We've all heard this a hundred times. But they never tell you HOW they actually do it.

[@sheshotjfk8375]

@@TheMrPorter Wait! You can apply property losses, "depreciation", to your wages? I had always assumed the IRS wouldn't let you do this and that you could only apply the "depreciation" to the income the properties generated. i.e. "passive income". I had always assumed there was some brick wall between "passive" and "earned" income and you couldn't apply losses or expenses from one to the other. Of course, I've never actually consulted a tax attorney about this so I could absolutely be wrong. But a quick google search makes it appear that I am right about this unless there is a trick they know that we aren't aware of.

[@bbb_888]

​@@sheshotjfk8375 Which do you trust more - Google or licensed tax attorney?

[@sheshotjfk8375]

@@bbb_888 So you believe you can deduct your passive income real estate depreciation/losses from your active income wages? I have never tried it myself, I don't own any real estate other than the home I live in, but, YES, I am VERY skeptical of that.

[@kodyfong4734]

there us a way to do it. Just look it up. You make the income first of all active either through short term rentals or you are actively involved in the management of the property (over 50% of your time. You can then use like the person said accelerated depreciation against active income. It is very hard to do because of the more than 50% of your time rule if you have a typical 9-5 job. But if you don't then yes you can use this. @@sheshotjfk8375

[@brianalonso9188]

Insider trading. Period.

[@alphabeta8403]

2:00 You can’t do that here! 4:00 0% as an Investor 9:00 FEAR of audit 11:55 Government wants you to create employment or housing using debt

[@Haithm_]

The whole vid sounded like an introduction to something big. He started very interestingly but I did not get any details or how to implement the idea

[@sammcalilly107]

lmao yeah what is this bullshit

[@WickedGod-l7x]

Accept the IRS claim you owe them taxes on your earned wages. Then inform that you know of no legal law requiring you to pay a direct tax on your earned income. Then claim you don't want to break any laws and that you will pay all they claim you owe to them in cash provided they show the law requiring you to do so. Give 30 days to respond and another 30 days when they don't. After they have failed to show the law in writing. Your debt is no longer valid and they will give you a letter of apology with wage tax exemption status. Once you get this. You request the irstopay you back every penny you were influenced to pay to them by there invisible influences plus interest in thirty days or interest will be compounded daily until they do. This is completely legal and affective. compounded daily

[@CountryKyle007]

@@WickedGod-l7xdude shut up.

[@Poleeze1]

So how is he suppose to tell you how when everyone’s situation is different and he doesn’t know you. He cant give you the same ‘How’ as he’ll give me. So you get general knowledge and if you want specifics, you pay. Its simple.

[@ajbsnipe485]

Thanks for the vid Myron 😂

[@AdvancedJayGamer13]

You too huh? 🤣🤣🤣

[@Jeremiah2304]

Myron brought us all here LOL

[@inferno52z7]

The funnel is real my boi. Shout out to Myron 😂

[@abhiknag4234]

Lol

[@fvm9576]

Same!!

[@xavierhicks9008]

The funniest thing about this is he's literally not talking to anyone 😂. Listen to the applause at the very beginning then listen to it again at the very end. It's the exact same track playing

[@zarni000]

of course

[@ThereIsNoSpoontang]

I think it's just a very consistent audience 😁

[@davidgooley8940]

One thing Tom Wheelwright gets wrong is that even small businesses can experience a 0% corporate income tax rate if structured properly and here is how. If you are a gig worker in rideshare and have an SMLLC with your tax structure filed under personal, you already have massive deductions with the standard per mile deduction as well as all of the amenities and expenses you have as a driver. Once the deductions are applied and you end up with less income than the personal standard income tax deduction, you end up with a 0% tax liability.

[@messiahel7999]

Islam Brad! Excellent discussion and basically it's freedom of choice to enter into contracts with corporations that masquerade as government.Thus when self enter into contracts with corporations,then self is obligated to the contractual obligations of the corporations.

[@jmystigan]

this was the video that explained it!, i started my business this year, got a foundcard, that does the accounting, lowered my federal and state taxes and went negative on the taxable income, and looking at a refund/credit this year!, so happy that i started a busness, true entrepenureship!. thanks again for this teaching.not afraid. #nofear

[@laticiajackson658]

What did you do can you help me please?

[@jmystigan]

establishing your business with a registered agent, i used legazoom they let you make monthly payments. then find a business bank card, i used "foundcard" bc you can do the bookeeping yourself, track taxes, and no monthly fee. now sell what you where going to sell, and make profits but remember your only getting taxed for your business income and not the social or federal or anything less then your tax baracket. work a side 9-5(w2) to help at times offset the taxes and you can concur a refund. @@laticiajackson658

[@joelbergmann6936]

He didn't teach anything. He just put up some percentages and drew arrows to them. I bet he eventually is trying to sell something.

[@lica1961ful]

@@joelbergmann6936he did say that with the “right team” 😂 so he’s trying to sell his team. Just another crooked “tax advisor”

[@shawnrank1957]

Is it true to be in the B section you got to have 500+ employees to be caterise as a big business owner

[@marianamegyeri6106]

16th Amendment to the U.S. Constitution: Federal Income Tax (1913) There were 48 states back in 1913. 36 32 (Two Thirds) of the states were required to ratify (approve) a law. How many states ratified the 16th Amendment? Which states? What does this mean?

[@robertmccully2792]

"35 years studying the tax law" what does that say about are tax laws!

[@TomWheelwrightCPA]

It says they are very complicated. Everyone deserves to have a great tax advisor.

[@joelbergmann6936]

@@TomWheelwrightCPA You don't even say anything substantial in the video.

[@Poleeze1]

@@joelbergmann6936define substantial in this context? Because I might find the video substantial

[@rickdunn3863]

I've learned not to talk about this, as people hate me for following this simple plan. No, I really don't miss giving my hard earned money to the wasteful spending machine.

[@shevannaellis6917]

How do I not pay taxes? He didn’t actually give step.

[@badele80]

​@@shevannaellis6917 Yeah I am missing something

[@laticiajackson658]

That's what I'm trying to figure out

[@badele80]

What exactly is the plan?

[@rickdunn3863]

@@badele80 First step is to not get a pay check. Second step is to receive passive income. READ "RICH DAD POOR DAD" TO GET A PLAN

[@rachitjoshi23]

I love you man. The energy you have makes anyone want to learn about finance hehe

[@gw2031]

I'm a Wheelwright also ,,love this guy !

[@antagonist2137]

there isn't even a real audience, it's just a background ambience mp3 xDD

[@remanencemedia6656]

I was literally at this seminar.... lol

[@DanielGennaro]

So fed up. Making a $2,000 paycheck and paying $500 taxes in Pennsylvania. Something is wrong with this picture. Let’s storm it

[@eldel2643]

This video should have went over IRS tax forms W8Ben & form 673

[@JasonBunnell]

@TomWheelwrightCPA refers to EDP a few times. What does that stand for?

[@LegitKev.]

I know he said those percentages were average around the world but they are completely wrong for the UK

[@johnnymckissick2735]

Do you have a video or book that explains the 0% tax strategy?

[@davidgooley8940]

Tom's book is titled Tax Free Wealth.

[@jb2024x]

It’s very hard to believe that govs wants people to succeed, especially after dealing with American politics these last few years.

[@SibusisoNdzoyiya]

When my business makes more money right. I pay less tax because i listened to you, i have 500 employees, have good debt and so on. Now with all the money my business is making, i want to buy a Bugatti and spend some of my smart earned money. How would i spend it? will it be taxed or what will happen when i do spend the money?

[@leifseed]

Lie

[@shawnrank1957]

And how do exceed in the big business world what is the statergy because all i can think of is to have alot of money

[@anhvutruongha7031]

How did we calculate that self-employed people pay 60% in tax?

[@ankitrathore1766]

40% income tax 24% social security and retirement tax 😂

[@randallcotner1258]

@@ankitrathore1766 40% if you intentionally put yourself in the highest tax bracket, on a small portion of a W2 income in an entity with an S-election. The remaining K-1 distribution, depending on how much it is, does not pay SE tax (15.3%, not 24%). Retirement tax? Would enjoy hearing how you define this. The SE person can often get to 0% federal income tax paid, just like the Investor does.

[@d-m.n_--2]

@@ankitrathore1766 I assume this is a joke since you left an emoji, because everyone is required to pay the SS taxes.

[@BuenoChisholm]

You're doing a fantastic job! I have a quick question: My OKX wallet holds some USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). What's the best way to send them to Binance?

[@ishmaelmonts9397]

Love this ❤thank you😊

[@Lockface77]

Guy has to move in France. 75% tax on business Why? 20% VAT 25% Company Tax 30% dividend tax + Gouvernement agencies that work against you (some people got audited and their company got closed, just the government realised 6 monthes later that it was actually a misstake)

[@aaronshoyt]

Not me... I'm a State National.

[@jessehern365]

How is it (legal) if its ilegal to begin with?????????

[@neilkendall5499]

How does this work in practice? Even as a business owner, if you make more than around £50k in salary a year in the UK, you have to pay 45% tax on it. So how can this be reduced to 0% like this guy says? Seems like pure fantasy or just doesn't work in the UK.

[@zarni000]

well u dont take a sallary. you take a loan out. u think bezos musk or gates takes a sallary?

[@neilkendall5499]

@@zarni000 You take out a loan to pay your living expenses? A personal loan? Can you explain more about how this works as I need to learn this. Thanks.

[@theIssue-tt]

Tom said "really? Im a nice guy! 😂😂😂

[@lisapippinbt738]

This is amazing! Thank you for the truth!

[@atenas80525]

His point about mormon missionaries and rejection might be the most important lesson in the whole thing. Instead of looking at success in terms how many they converted, maybe they should look at the skills they developed that lasted the missionaries for the rest of their life. Maybe that is why the Mormons are expanding rapidly . . .

[@tyzxcj34]

Glad i found this. Thank you!

[@michaelperez3887]

What law says I have to pay taxes?

[@d-m.n_--2]

US constitution.

[@michaelperez3887]

@@d-m.n_--2 Voluntary not mandatory

[@kofiofosu9051]

He’s got the nail on the head.

[@maxaluta3618]

The Trump example had me cracking up 🤣

[@michaelperez3887]

Tips on TAX - kzbin.info/www/bejne/Z4amlIpmh9SBmsU

[@SanMan10100]

He keeps saying except when you're in E.D.P. What the hell does E.D.P. mean?

[@trevinosoutdoors7239]

What happens if I stop filing and paying taxes?

[@davidgooley8940]

The IRS comes after you. Don't do something foolish like that. Simply become an entrepreneur and understand which deductions apply to your industry.

[@jlosadventures5960]

More videos about tax please

[@MeirPamela]

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

[@AlilatTiamiyu]

I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks.

[@MeirPamela]

@@AlilatTiamiyu Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. *MARGARET MOLLI ALVEY*

[@AlilatTiamiyu]

@@MeirPamela Oh please I’d love that. Thanks!

[@MeirPamela]

@@AlilatTiamiyu *MARGARET MOLLI ALVEY*

[@MeirPamela]

@@AlilatTiamiyu Lookup with her name on the webpage.

[@AmanSS890]

Have a Bunch of rental properties and other business hired an accountant and a tax lawyer and reduced my taxes that’s how the rich avoid taxes ……. And they just open up corporations .

[@worldwideachievers1234]

Excellent talk. New subscriber here 👌

[@ldstiesto]

Probably the best video in all KZbin 👍🏽👍🏽

[@conservativeneurologyb4999]

Presario Ventures sent me an email about this speaker. Thanks for posting.

[@austinpaul2170]

Let’s go from E to I !

[@DavidRamirez-bf9ou]

Why did they not teach this K - 12th in the 1910s 1920s 30s 40s 50s 80s etc.

[@Neo-tn1mc]

You're trained to be a good employee. Slave to the Fiat currency Dollar

[@Igor-fp6bc]

Thank you Tom! Now everyone knows that he is smart. 🤣

[@abcki-bk8me]

m.kzbin.info/www/bejne/qnfUo32ZqqeJlac&pp=ygUSaXJzIGF1ZGl0b3IgZm9ybmVy

[@DeborahDugger-nf4gg]

wow, he forgot to tell them they are paid by their own selves, and never share 18 USC 8

[@shednotes3016]

Justin Waller guided me to this a m a z i n g gentleman!

[@william_8844]

This video is misleading, he is talking about INCOME TAX....people in I category pay tax but a different type, dividend tax, vat etc

[@kendrabonds6901]

You and your employeer can each fill out the W8BEN

[@RJ-TRB19]

I agree with everything you said except that Obama is a great guy.

[@conlawmeateater8792]

One wonders if he met Obama personally. How can you say he's a great guy unless you met the guy.

[@alexl932]

They always REPEAT OVER & OVER THE SAME BS skin-deep basic common sense knowledge, SELDOM/never give u DETAIL on how to pay no tax, and sometimes even LIE like RK once said he makes $1M and use it as a down payment to buy $5M then use depreciation to offset income then pays no tax, that's a lie b/c 1) AS LONG AS YOU MAKE $, you have to pay tax, that's the COMMON SENSE LAWS - unless you heavily borrow 10x, heavily in debt take all innessary risk (debt=risk, if not careful debt come back to buy you like unpredictable Black swant event i.e. during Covid pandemic 3+ yrs, POLITICIANS ALWAYS (REMEMBER THAT) MAKE LAWS HELP THE TENANTS [NOT LANDLORDS B/C there are only a few or less % voters are LL or business owners so why make laws side with LL/business owners to gain only a few % voters, surely they make laws SIDED WITH TENANTS OR min-wage-law attack business owners/LL to gain MORE VOTERS b/c probably 90% populations are EMPLOYEES/RENTERS so make laws kiss their ass will get more votes even make LAWS AGAINST LL/BIZ -- u should pay me edu u or subs then later when I've time to make video edu u lol) ... 2) don't listen to the dummies or R.E. fake gurus/crooks, only pay $ like spend $M LUNCH WITH the world richest, smartest, best investor WARREN BUFFETT who hates R.E. or LANDLORDING (rent R.E. to tenants) as 1 of the worst business there is, b/c ALMOST ALL LAWS ARE AGAINST LL (Landlord); during COVID 3+ yrs shut down, politicians make RENT Memortorium laws help renters DO NOT PAY RENT 3+ YRS=LL LOSE 3 yrs rental income, yet they do NOT make laws help LL stop pay mortgage 3+ yrs=against LL, who said laws favor/help BIZ/LL are liars/crooks. 2) all other business takes 1-5 or 7 yrs FAST depreciation, but R.E. takes SO SLOW 27.5 to 39 yrs DARN SLOW DEPRECIATION MEANS IRS TAX LAW PUNISH U INVEST IN R.E. so u cannot OFFSET other income FAST ENOUGH TO PAY LESS TAX. c) out of the IRS TAX, when u buy R.E, the Land Value=LV, say 40% of $1M R.E.=$400k is L.V, that 40% or $400k is UNABLE TO DEPRECIATE=U RIGHT AWAY LOSE $400K in depreciation=u lose already to begin w/ in R.E.; then the rest is 60% of $1M R.E. is structure Improvement but TAKES 27.5-39 YRS #@# too SLOW to depreciate so u cannot OFFSET ALL OTHER INCOME as RK lies about use his $1M/yr income as a down pay buy $5M R.E. then pays 0% tax=lie; the MATH/LOGIC AND LAW (both RENTAL LAWS LIKE RENT CONTROL/EVICTION CONTROL/RENT MEMORANDUM LAW & IRS TAX LAW) always right, now u need to pay me edu u change your life LOL. Here's the fast math: $5M R.E. only, say, 60%=$3M is Improvement divided by 27.5-39 yrs (apartment more than 4+ units takes 39 yrs), so $5M*60% /39yrs=76.9~=$77k/y, this TOO LITTLE $77K DEPRECIATION CANNOT OFFSET all other income as he claimed: business makes $1M/yr then invest it into $5M, assume earn 10%cap rate, NOI=$500k (the $5M R.E. also generate income, otherwise WHY BUY A R.E IF GETS NO INCOME) so the total income EXCEEDS $1M/yr from business + income from the $5M apartment rental=should exceeds $1M+$180k=$1.18M, then minus this TINY $77k/y DEPRECIATION=u still pay more tax then without invest into this $5M R.E.b/c the MORE INCOME U GENERATE (CASH FLOW), the tax U GETTA PAY, unless THE R.E. CROOKS LIE TO U BUY R.E. LOSE $ or earn only 5% cap rate not 10% LOL. I hate them waste my time THAT REPEATS FOREVER JUNKIES NON PRACTICAL KNOWLEDGE AND ENVER GIVE U DETAIL INSIDEFUL real knowledge. EVEN 4)NEW LAWS R.E. UNDER PRESIDENT TRUMP, the cost segregation (C.G.) but YOU'VE TO LOSE $K TO HIRE EXPERTS TO DO THIS C.G and THIS LAW IS NOT HOLD FOREVER, IT'S PHASING OUT FROM 100% TO 25% A FEW YRS LATER, while all other BUSINESS ALWAYS IS 100% FAST DEPRECIATION IN 1-5 OR 9 YRS NOT takes #@# slow 39 yrs=force u pay more tax, that's why WORLD SMARTEST/RICHEST INVESTOR BUFFETT HINT U PAY TUITIONS/LUNCH/DINER WITH US TO TEACH U THE REAL PRACTICAL KNOWLEDGE we've learned from mistakes, don't waste time & buy fake gurus/scamers include Meet Kevin, Stephew Graham, BiggerPocket, tons of such R.E. gurus=their way to make $ is TELL U A FAKE HOPE=R.E. IS THE BEST to get rich dream, they make their most $ by scam u buy their products or YT SUBS + ADVERTISEMENT REVENUE, IT HAS LESS/NOTHIGN TO DO WITH they've 10k apartment rents to 10k famlies of all life path, u cannot 100% FILTER OUT CRIMINAL/HOMELESS/DRUGGIES/MENTAL ILL TENANTS (how can u have 10k rentors NONE OF THEM or 0.1% are UNDESIRED CRIMINAL/DRUGGIES/ILLEGAL IMMIGRANTS/MENTAL SICK?), that's why BUFFETT HATES R.E. BE LL=EVEN THE KING OF R.E. PRESIDENT TRUMP TAKES 70+ yrs and 2+ Trump generations to earn his $1+ Billion if w/o BK 2+ times=R..E IS SO BAD, IT TAKES 70+ YRS THAT LONG TO EARN $B vs. Tesla, AMAZON, FB, AMD, GOOGLE ALL MAKES AVG MEN FROM NOBODY BECOME WORLD RICHEST under 25 yrs & Buffett is so happy invest $30B+ buy APPLE, BANKS, CANDY HAPPY BUSINESS NEVER HIRE TEAMS OF LAWYERS TRY TO COLLECT RENTS/EVICT THEM/BABAYSIT ppl of all kinds=headaque and all laws AGAINST LL except 1031-Exch law which Biden wants to change to punish R..E EVEN MORE. U need to pay me or only be with the RICH, SMART, AND REAL HONEST people NOT scammers/crooks/lie to u. KNOW MATH/SCIENCE IS MORE IMPORTANT THAN ENGLISH OR ANY LANGUAGES b/c God's language is MATH/SCIENCE/LOGIC-=these never lie; human using observation & math then Newton/scientists can calculate the mass, distance & how the universe works, so math is more important than English/Chinese/Spanish/any language, educate the girls/boys, they said u ought to pay me edu u lol.

[@raynaengle4313]

Obama is/was part of the evil cabal.

[@mybestlifefortherestofmyli7137]

Shut up. Obama isn't a nice guy. He's a homosexual man living a double life

[@I8one2Many]

Bath house barry

[@camillemarie3]

Has anyone signed up for the WealthAbility course? Wondering if you thought it was worth the money?

[@d-m.n_--2]

it was basically just this video and a couple others like it. not worth it.

[@jamessmith4455]

I love how he taught us absolutely nothing in 13 minutes.

[@zavierrodriguez9236]

Exactly

[@InnoEcoConvo]

You make people lose interest in such an eye opening information. I Dislike the above comments 😢

[@Seccheus]

Investment income!

[@samsalem6742]

These are all long winded infomercials, the stuff they make money on is the information they provide!

[@kplans]

You totally missed it. Unless you already know what he is saying.

[@danorfescu4737]

It is f#&$ illegal to be coerced to pay taxes!

[@ashleywhite3515]

So if I had a tax liability of $300k, I can invest $300k and have $0 tax liability?

[@leroygeorge352]

No

[@ashleywhite3515]

@@leroygeorge352 explain

[@TheInvestmentCircle]

If you have a tax liability of 300K, you have earnings of 660K. You’d have to invest 660K to have no tax basis

[@ashleywhite3515]

@@TheInvestmentCircle got it. So you have to zero out your income. Thanks

[@sonicrulez]

@@ashleywhite3515 and then borrow against your investment and live off of that money, the debt will be your 'income' but since it's debt, it's tax free

[@chrisjennings1384]

I guess I have to buy your book in order to find out the rest cuz this video did not really show me anything because a complete waste of time.

[@mikeanderson9266]

Buy his book Tax FREE wealth!

[@CriticSimon]

What did he say? Nothing.

[@Mr_Zesty]

This is awesome. However… I remember seeing this income graph by many speakers of a MLM brand lol. They use this to encourage their wickedness. But I’m truly curious what I can find out further by Wheelwright… he had me at ASU… LFG!! 😂

[@d-m.n_--2]

this is the guy that made many of the charts MLMs use.

[@Mr_Zesty]

@@d-m.n_--2 no shit lol

[@SyVanG24]

10/10! 😁

[@The_Blessed_Cowboy]

Good luck getting a passport!

[@turnbucklemagazine7296]

Thank God for Tom and all the invaluable information he gives out for free to save and build our net worth. Only suckers are a slave to the W2, as not only will those people never get ahead but they will lose ground thanks to inflation and wage growth not keeping up to cover cost of living increases.

[@matthewspurgin4220]

that's crazy. only 600 likes and this guys lliterally telling you how to make yourself rich. legally

[@karanemakiel]

I learnt something

[@dk.650]

No audience, just recording. The journey is long and bumpy. Trump was born into it.

[@honestjason7854]

ok so this doesnt help me at all as a small landscape company. Basically all i see here is i am just screwed if i keep living my life the way i want to. got it

[@Trd2020]

The fake laughs 😂

[@miketyson8236]

5:42 that’s because those are probably government programs 😂…gov is happy to increase taxes on you.

[@jrlulysahily]

HERE TO HERE , THERE TO THERE , HERE TO HERE , THERE TO THERE , OVER HERE TO OVER THERE !!!! :):):):):) WTF

[@d-m.n_--2]

for a guy who "taught taxes" it is really weird that he is pulling tax percentages completely out of his ass. there is no variation of tax math where employees are paying 40%.

[@LinuxGalore]

he is talking total average tax take, sales taxes, property taxes, income taxes, insurance taxes the list goes on and on.

[@BWeezy-sw1wy]

So then Trump doesn’t buy anything if sales tax is included?

[@jaymeez]

Soon as I saw that image of you with the Rich Dad Poor Dad logo got me assuming you “worked” with Robert Kiyosaki who I feel is a fraud and a quack. Correct me if you disagree but I’m shutting this video off. Not interested in watching people involved with scammers

[@BoulderMTBR]

HE IS IN AN EMPTY ROOM SPEAKING TO…….NOONE. All the while plagiarizing Robert Kiosaki.

[@ar2851]

He works with Kiyosaki, and they write books together

[@SRV12]

Hii sir this Sumit from india I want to learn in your mentor ship sir

[@rl_31123]

lol this guy really has a fake audience lol

[@rupert2275]

Man that's some grand finesse what a G

[@smokesolid8927]

awesome personality awesome presentation. all around good stuff

[@May44470]

Fear does hold back.

[@DeborahDugger-nf4gg]

Hey, mr. study.. tell them how to pay a debt with a debt..ok. be fair and don't lie.

[@izzyzzty6769]

He said a whole bunch of nothing

[@nandadulalbakshi3121]

Not to dump your unuse staff yu cannot consumed

[@extracluster9707]

Amen

[@thekilla2885]

Oh hell!!!!!! here-type in sherry jackson peel or ex-i.r.s.agent tells it like it is. NOW WHAT!!

[@ellenoir5678]

I want to see you live at one of you're events!!

[@jerrydyreson7847]

Its so simple man, first get rich then pay no taxes. Jeez whats wrong with you people.😅

[@pedrinajohansen-maevlogs4298]

I’m from utah too and I’m mórmon too🥰😍

[@Virtual-realityISold]

Nust tell the bookeeper your the sub

[@jwolfson6110]

This is stupid. Here’s a summary so you don’t have to waste your time: He’s saying you should be like Trump as a big business owner and pay 0% tax. What he doesn’t seem to understand is that Trump paid 0% tax because his business was making a loss and that is not the point of entrepreneurship. He’s basically saying you pay no tax if your business is dying. Well done prof. Maybe next time get a real audience and not just a pre-recorded applause tape

[@JohnK1409]

take his cours

[@sz1404]

Wow old information

[@guillermofalla3102]

1 John 5: 18 - 21

[@franciscogiuliano3898]

bro yapped for so long and stated the obvious