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The N.Y. Times reports that Donald #Trump recently paid $750 in federal #taxes. Discover how it’s possible for anyone to follow the tax code, make significant income and legally pay little or no taxes.
01:08 - Why Is The Tax Code So Widely Misunderstood?
01:45 - Is Not Paying Taxes Unpatriotic?
03:12 - What Are The Different Tax Deductions?
10:34 - How Will The Government Share Risk?
11:00 - How Could Trump Use Business Losses To Lower His Taxes?
14:47 - How Can Anybody Use The Tax Code To Lower Taxes?
21:04 - How Is Real Estate Investing Particularly Useful For Lowering Taxes?
25:54 - How Can Carrying Losses Lower Taxes?
Tom Wheelwright, CPA is a Best Selling Author, #Entrepreneur & Worldwide Authority on Tax.
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DISCLAIMER: WealthAbility® does not provide tax, legal or accounting advice. The materials provided have been prepared for informational purposes only, and are not intended to provide tax, legal or accounting advice. The materials may or may not reflect the most current legislative or regulatory requirements or the requirements of specific industries or of states. These materials are not tax advice and are not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer. Readers should consult their own tax, legal and accounting advisors before applying the laws to their particular situations or engaging in any transaction.