Why Wealthy People Pay Less Taxes Legally

[@insomniasleeps6628]

When he said "We spend most of our time asking questions not giving answers". That hit hard. Its one of the things I apply in my industry and its also something I look for in my services.

[@bassoonatlarge9752]

Yes.

[@alexyoung3126]

I don’t know how but you’ve managed to package an unbiased analysis that is more entertaining than the sensationalized segment of economic and financial news. Thank you for your efforts to be the signal and not the noise. I understand that the economy is in currently in a downturn and that we must wait for the stock market to recover in order to break even and make a profit.

[@stephaniestella213]

As hard as it may sound you can plan for the recession. If you are working, find extra work and get an Invest--advisor. Protect your deposits by having enough cash in short term fixed income. Then cut your expenses. Minimal insurance, cut utilities.

[@johnlennon232]

That's why I make it a point to speak with a financial counselor before choosing any investments. I've been using one since the pandemic. using profit-oriented tactics and minimizing risk as a buffer against inevitable downtrends. In addition, they have access to insider knowledge and analysis, making failure virtually impossible for them. I made almost $700K after working with an advisor for over two years.

[@oneiljerry9460]

@@johnlennon232 Can you leave your investment planner information and how i can reach out here? I need it badly

[@johnlennon232]

She is HEATHER ANN CHRISTENSEN, my consultant. Since then, she has devoted section and leave attention to safeguards that I have been keeping an eye out for. You can locate information about her online, on the off chance that you're interested. I made no regrets about substantially adhering to their exchange strategy.

[@kimyoung8414]

@@johnlennon232 The issue is this! Most often, those with little to no experience in the stock market attempt to buy on their own. It previously occurred to me and i learned the hard way.

[@TenantRepGuru]

Pat - not only did I watch the whole thing, I think it was one of your most important videos yet. It's just not enough to learn how to make money. As your guest pointed out, in California, they could take 98% of what you spent a lifetime making. Keep it up Pat. Thank you.

[@IrvOfficial]

Tax Free Wealth should be a staple used in schools

[@RicherThanIeverbeen]

Only in homeschool

[@riskinhos]

you can't have that because if you don't tax wealth then you won't have schools because there's no money for them.

[@JohnJohnson-ew3vz]

@@riskinhos what about taxes from sales? Like when you buy stuff at a store. What do you mean taxing wealth? Taxing your paycheque or taxing capital gains from investments?

[@riskinhos]

@@JohnJohnson-ew3vz ofc not. vat is the most stupid and unjust tax. x% might be nothing for bezos with billions but it's certainly A LOT for a single parent with kids working for the minimum wage at an amazon warehouse trying to feed their family. and paychecks don't get tax. companies do. taxing wealth is the income tax where everyone is suppose to pay their fair share. meaning that the wealthy should pay more and the poor should receive. it's called social justice. I know it's a novelty in ameritardia. works great.

[@erickrodriguez3827]

@@riskinhos its called fhe world dosent work like that . Snap back to reality

[@richardlloydusa]

Corporations don't pay taxes their customers do!!! And that means we pay the additional "Corporate taxes". TRUTH!!!

[@hometowncook6970]

not true....that is jusr right wing propaganda.....corporate revenues are not taxed on corporations...profits are

[@richardlloydusa]

@@hometowncook6970 Corporate taxes are a business expense and like any business expense they are added to the cost of the product. If you make a widget tax free for $5 and you need a minimum $2 dollar profit to keep your company going, that means the buyer will have to pay $7 for the widget. Guess what happens when you add a $1 per wiglet TAX? That's right, you have to sell the widget for $8 dollars because now it costs you $6 to make the widget and you still have to make enough profit ($2) to keep you company going. This is simple economics. It's a FACT not a political statement. And the consumer gets hit with the higher price. BTW YOU are the consumer! All the best.

[@cavaleer]

True but they only do that to avoid the REAL CRIMINAL......This thing called THE STATE. It's time to end that and all income, investment, ownership taxes. The only tax should be a sales tax and that should be approved by a National Referendum. Anything else can be fulfilled by Tariffs.

[@HolyDrugLord]

@@cavaleer but what about the money the government needs to spend? I’m with u, I don’t want to pay taxes either, but nobody wants to pay taxes, and that’s the reason why the government has to keep increasing the debt cuz ppl are not paying taxes and they need to get the money from somewhere

[@LavishPatchKid]

I've been working class my whole life, and I hate taxes. I can still feel the rage flow through me when I think about having to pay in every year, while listening to all the single moms around me brag how they were going to spend their 5-10 grand annual checks. I will never blame someone for getting out of every dollar they can.

[@mw3516405]

Hire all best tax attorney's and they find all loopholes and exemptions !

[@scroopynooperz9051]

And buy up politicians to influence policy

[@dertythegrower]

Exactly, well said.. this is simply the answer that needs no video ha. They pay and bribe the tax people to find the best deals to pay the lowest. Meanwhile a normal workers makes less than hrblock employee so how can he afford one? If you have to take off a day of work to pay him, and then take another day off to talk to him, that is a huge loss to you if you cannot take time and money out to afford the advice the rich are given by the same taxworkers.

[@DrAJ_LatinAmerica]

And they tell you to move money to tax free counties.

[@lediableblanc9399]

Another option is that they can learn how things work in the system they use/agree with so that they don’t have to pay anyone to tell them.

[@robinsss]

@@scroopynooperz9051 there's no need to buy a politician when the gov't has given you enough loopholes to reduce your taxes to 15%

[@ericspurgeon7392]

Watched and loved this video. Running my own business I'm obsessed about making sure that I am running by business correctly and not just saving money but reporting my earnings correctly. Having a great tax advisor has been a game changer. Biggest takeaway: Understanding that the tax structure is trying to incentivize certain behavior with the tax code. Much more positive reframe for taxes and something I should have known but didn't.

[@floxydorathy6611]

Now with the recent economy, To get financial FREEDOM you have to be Making Money while you're asleep

[@quentinhollis1432]

I watched the entire video and this is actually my first comment ever on a KZbin video. I recently turned 25 and am in the midst of switching careers to get into real estate and this video has given me a lot to think about as I enter prime earning years and build a foundation for my family. Thank you for the value you provide in a digestible manner, I never watched the news but I’ve begun watching your content religiously. You guys are killing it man keep going!

[@m_m2928]

Good luck in your real estate pursue

[@chris-cy5ed]

Hows your real estate going now??

[@djfghwetrysdfg]

i mean rates are going lower, so you got that going for ya. but if immigration stops, and birthrate drops, kinda hard to imagine how such crappy quality houses could be a good investment for the next 20years. also if you dont pay back fast enough, who knows if rates hit 10% again or higher....high risk, low return, lots of insurance and other risk, tenant risk, government taxing you risk, no liquidity,

[@gowonjake]

A lot of folks have been going on about a january rally and said stocks that would be experiencing significant growth these new year season, any idea which stocks this may be? I just sold my home in the Boca Grande area and I’m looking to remunerate a lump sum into the stock market before stocks rebound, is this a good time to buy or no?

[@stellaadams593]

yes, transportation, e-commerce among other sectors are expected to experience growth, but who knows, the market has been a basket of surprises.

[@patriciacarlos]

@@davidjackson4437 True, we’re only just an information away from amassing wealth, I know alot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?

[@gowonjake]

@@davidjackson4437 Found her, I wrote her an email and scheduled a call, hopefully she responds, I plan to start 2023 on a woodnote financially.

[@rogergeyer9851]

gowon: NO ONE knows reliably at all what the stock market or any given stock will do in the short term (unless relying in illegal inside information, re a single stock). Many will say they do, but funny how they are making money selling such "information" and NOT by trading with their supposedly great market knowledge.

[@alexradu8596]

$CYBN gonna gonna blow up as soon as psychedelic legalization for medical use enters the US just saying 😳

[@wertzui19871229]

Peter Schiff's recent podcast explained the income tax perfectly. Always starts with "only the rich will pay" , then 2 generations down the line everyone pays the tax except the rich...

[@iampavle3153]

Which episode is that?

[@HBFTimmahh]

Schifty Schiff.......

[@wertzui19871229]

@@iampavle3153 America lost every war

[@venomad77]

Pat, I watched the entire video and I've read Tom's book last year. His book is very informative and easy to understand. He really changed how I view the tax system and changed my view on how the wealthy pay little taxes. This is something everyone can take advantage of and if they read the book or even just do some research they will see that the tax code really does provide a roadmap on how to pay less taxes and build wealth. If you think about it, the Musk's of the world are providing jobs and goods and services that benefit our economy and society which benefits all Americans. If you take away the tax incentives it will not motivate these entrepreneurs as much to do the things they do. The number one driver of the economy is small business, not corporations and we can't take away things that benefit small businesses when they are so important and provide so much benefit to us. Great interview as always and thank you for providing us such great content.

[@georgeakoss2624]

Hello brother. Can u tell the 1 thing from his book that really helped you?

[@mnemonija]

@@georgeakoss2624 no, he cant. probably fake account pumping the book.

[@bryanbenson6551]

My God, you are completely indoctrinated by the rights lie that trickle down economics and UNDER taxing the richest elites somehow helps our country?? Please! And no, I cannot use the same tax "tricks" because I don't have offshore accounts like nearly ALL RICH PEOPLE. Did you forget about the Panama papers?? That's because corporate media like faux news KILLED THE STORY. There was a huge list of some of the richest people in the world, illegally hiding their money! Then on top of that, they use "advisers" to cheat the rest of us of tax revenue. It's so pathetic how so many who have so little blindly follow the rich elites like puppys.

[@venomad77]

@@georgeakoss2624 as I said it changed the way I look at the tax code. He isn't the only person to say this. Ever hear of Thomas Sowell?

[@venomad77]

@@mnemonija Yes I'm a fake account.

[@brunofernandez8228]

I don't know who, but someone actually needs to hear this, you've got to stop saving all your money. Venture into investing some, if you really want financial stability

[@anniecarberry5773]

Invest globally in bitcoin, gold, silver, forex market, commodities. Just don't be left out and save yourself

[@abubakarashraf1894]

Beautifully said, I tell my folks these words everyday. It's good to save money but most people don't understand the market moves and tend to be misled in facts like this and always depend on money in the bank.

[@jefferysimmons6705]

Exactly many Top dogs out there do it, I mean that's why they are at the "TOP". I really feel everyone looking to get some financial security should make forex and Bitcoin Investments.

[@jefferysimmons6705]

Although I don't manage or make my investments myself. I let an expert do all analysis and calculations

[@durgakhopkar3335]

@@jefferysimmons6705 how does this whole cryptocurrency thing work and who's your Expert please? I'm interested in it and I'm willing and ready to invest but l'll need a professional guide and assistance

[@knitentrepreneur7850]

Glad he finally said at the end that with good tax planning you can reduce your taxes payable. There is not one company in the US that would ever pay 98% tax. That’s ridiculous!

[@natashaquinn88]

Learning about taxes is so important. It looks intimidating and most people hate it but once you understand how things work you can make the right choices. A great video, thank you.

[@DanWalterTradeview]

"There is no such thing as trickle down economics. I've had a challenge out for years for anyone to prove where it came from. No one has met my challenge." Thomas Sowell.

[@charlottepetra9143]

•T•h•a•n•k•s f•o•r w*a•t•c•h•I•n•g• •f•o•r c•r•y•p•t•o• •i•n•v•e•s•t•m•e•n•t• & •g•u•i•d•a•n•c•e •••🅦..🅗...🅐..🅣...🅢...🅐...🅟..🅟•• +•4::4::7::8::6::8::7::4::7::3::9::7••💬 ::Tell •: Jessica :• i : referred ::• you

[@3920cruz]

I watched the whole video. I learned years ago that incorporating tax strategies into revenue generating strategies goes hand in hand to coming out a winner at the end of the year.

[@hansdiaz8972]

Depending on one stream of income had never made any millionaire and earning check doesn't put you in Forbes.

[@georgerenoylds7317]

Recently, I invested in both stock and crypto but currently I believe crypto is doing more better!!

[@georgewillibald5019]

I don’t think that there is another legitimate way to earn money nowadays rather than investing.

[@jackpolar7612]

2021 online stock market is very difficult and unpredictable. I rather invest my money in crypto.

[@besttime647]

Bitcoin investment now will be at very wise individuals list in two or three months you’ll be ecstatic at the decision you made today

[@aidencollins5474]

The best thing to do in this period is to buy silver and crypto.

[@HillelMordechai]

Tom Wheelright is a fantastic guy who really knows his stuff and guides in an understandable way how to grow one's wealth. I listened to the whole interview and encourage everyone to listen, read and learn all about this topic.

[@pauldouglas1007]

We should be careful on money useage,if you are not spending to earn back,then stop spending.

[@elvisaaron4232]

Apparently my view on the solution is to venture into business .

[@harrisonford4916]

@@elvisaaron4232 True ! Even some rich men made it through investing there money in something doing and they made it.

[@Brugman100]

@Nolan Wyatt The right chioce of an investment has always been a big problem for me I know picking a wrong investment will leave a big scar in the future

[@aaronmeyer9753]

@@Brugman100 There might be many investments out there but if profit must be considered,which is the actual sole of investment, I will advice you to go into bitcoin trading because it has higher profit than most investment.

[@cartersgolf2928]

@@aaronmeyer9753 Of course it is profitable,I made good profit of $20,000 with the capital of $4500 in my last trading I have made over $200,000.

[@2tuff550]

I knew a tax lawyer....he had a full basketball court in his basement.

[@Denis-zs6wv]

Lol

[@salcisneros2244]

Probably a write off somehow lol

[@DrBeauHightower]

Great video, Pat I watched the whole thing

[@charlottepetra9143]

•T•h•a•n•k•s f•o•r w*a•t•c•h•I•n•g• •f•o•r c•r•y•p•t•o• •i•n•v•e•s•t•m•e•n•t• & •g•u•i•d•a•n•c•e •••🅦..🅗...🅐..🅣...🅢...🅐...🅟..🅟•• +•4::4::7::8::6::8::7::4::7::3::9::7••💬 ::Tell •: Jessica :• i : referred ::• you.

[@devonhoward4952]

"(👁️-(666)-👁️) AM TIME=⏰!!!)" Galactic treasures unmeasured... there ain't a unit alive that can size up (my-(666) inheritances/pleasures!!! (Eye-(666) am Black Jehovah God's Goddamn $un of $uns...Goddamn resurrection of resurrections!!! "DEATH TO ALL 3 AMERICAS 🌎, UNITED $TATE$ OF BLACK JEHOVAH GOD IS ON THE GODDAMN WAY MANE!!! IT NEVER WAS A MIDDLE EAST IT'S ALL AFRICA 🌍 & ALL OF THE UNITED $TATE$ OF BLACK DRAGON 🌍 IS (MINE$-(666) ONLY!!!" (Eye'ma-(666) need the Nephilim & universal chosen bodyguards... intellectual celestials to represent (me-(666!!!) "10 CHAMPIONSHIPS IN A GODDAMN ROW!!!" (ME'NE ME'NE TEKEL 100% BLACK DRAGON'S SPIRITUALETICISM-(666!!!) (BLACK-POWER-(666)-FOREVER!!!) "ALL MONEY... THE WHOLE PLANET IS (MINE-(666!!!) ONLY!!!" -"the real" Gog-of-Magog-(666!!!) -"One-of-One ($extillionaire-(666) & Beyond!!!" -"The Goddamn Lord of Lords, King of Kings & (AMEN-of-AMEN$-(666!!!)"... ("IMMORTALIZE (ME-(666) MANE!!!")

[@billionllc]

Here's another good one kzbin.info/www/bejne/rpWcZnqwYt-igc0

[@kylespectra6685]

I see you everywhere lol

[@simoncasciaro]

FINALLY Tom Weelwright

[@milleniallgt9715]

He looks and sounds like bill gates lol.

[@davidbarefoot6531]

I watched from beginning to end. Makes me very interested in learning more about taxes so I can build wealth efficiently without blindly allowing money to leave my grip

[@JG-no4qr]

Me too

[@jenniemorris3955]

Not many of your interviews have I ever not watched from beginning to end . That is how I learn!

[@foreverkazi7748]

Tom is my favorite, thank you for having him on here

[@charlottepetra9143]

•T•h•a•n•k•s f•o•r w*a•t•c•h•I•n•g• •f•o•r c•r•y•p•t•o• •i•n•v•e•s•t•m•e•n•t• & •g•u•i•d•a•n•c•e •••🅦..🅗...🅐..🅣...🅢...🅐...🅟..🅟•• +•4::4::7::8::6::8::7::4::7::3::9::7••💬 ::Tell •: Jessica :• i : referred ::• you

[@jessicamulder5130]

You have opened my eyes to taxes, the good and the bad. I really need to understand how to better make decisions about my business when it comes to taxes. Keep these videos coming! Thank you

[@BW-gt9ol]

PBD & VT team... watched the entire interview. While subjects such as these don’t get as many views as say the mob interviews, I really appreciate the work you put into bringing informative content like this. Keep it up & I’ll keep watching. Merci PBD!!

[@dawn7220]

I watched it to the end and I wasn't bored once. It made me realize I need to have a real conversation with my accountant. Thank you.

[@TheUltimateSquadInc]

I finished the video! I’ve recently become addicted to learning about taxes, and realizing just how many things myself and my CPA have been doing wrong. I listened to his book, tax free wealth on audio and it is incredible! Loved this interview!!

[@donnaphillips7941]

Thank you. I enjoy your Show! Did you know uneducated IRS Auditors/employees @ the IRS who are assigned to your Corp. or Personal income Tax Return or Tax Audit ARE NOT required to have an Accounting degree? Yet, the American taxpayers have to PAY $$$$ someone who does (i.e. a Professional CPA and /or CPA Tax Attorney). Too, in order to follow the dispute you must hire someone who does. The process causes unnecessary Time, Loss of earnings, and Fear in the American citizen and $$$ thousands for a Representative to speak to someone who understands the SAME Language America is Governed by. Then, the IRS will keep an Audit open out of "preference and /or interest" and only to find nothing Years later. Remember WE pay THEIR Salaries and endure this process. Doesn't that seem abusive or Bizarre? Maybe, we could do a cost/benefit analysis for the American People vs the Govt. for Returns under a certain threshold?

[@babagandu]

Mike Gravel tried but nobody listens

[@Savage_D_508]

Audit the fed

[@juanf4739]

Tprtw

[@ProTeam1]

Thank you PBD! 14 minutes of questions 1 minute of advice!! Powerful

[@rmenard1986]

I see it once a week, 35 percent of my check gone to a useless government, I can do better with my own money! Balance the budget or face the death penalty! IMO

[@Redditor6079]

You need to level up your game. I'd bet come tax time you probably look for the TurboTax Free edition and you probably don't invest in anything at all. The tax code is just an instruction guide for how to be successful.

[@satyaram42069]

listen to George Carlin on death penalty and balancing the budget you'll feel good

[@OscarTorresWork]

@@Redditor6079 I agree it used too, but now it's affecting those that do invest and do not squander their earnings in Jordon sneakers, or try to look wealthy. By living off credit cards and spending way more then they earn. Trying to look affluent as opposed to really being affluent. Biden is attacking investors, or should I say the puppeteers 🤣👍🏼👍🏼

[@joem3556]

50% here in 🇨🇦

[@HezyTech]

Run your own business

[@onederfull3439]

Finished to the END !!! ENJOYED 😉 IT !!!

[@b.french2621]

Patrick ,I love you man,i found your show a few months ago,your show has increased me alot.. .the thing I've learned most is how deep your preparation is,and how you ask those questions we all want to know...I know based off your show ,why you had a successful bussiness. It gives me hope,the truth,and I trust you,and your opinion more than anyone....You should run for President

[@charlottepetra9143]

•T•h•a•n•k•s f•o•r w*a•t•c•h•I•n•g• •f•o•r c•r•y•p•t•o• •i•n•v•e•s•t•m•e•n•t• & •g•u•i•d•a•n•c•e •••🅦..🅗...🅐..🅣...🅢...🅐...🅟..🅟•• +•4::4::7::8::6::8::7::4::7::3::9::7••💬 ::Tell •: Jessica :• i : referred ::• you.............

[@IAmMzJess]

I watched the whole thing. This was a great advice on how to screen for a cpa.

[@imout671]

The power to tax is the power to destroy- George Washington

[@lediableblanc9399]

Yeah, but also, the power to, is the power to destroy. Or simpler, power to destroy. You need power to destroy. You also need power to create. See how it still works? The power to tax is the power to create: don’t like that example? How about, the power to tax is the power to create destruction. Better?

[@imout671]

@@lediableblanc9399 not sure of your point. I know we didn't have income tax before Woodrow Wilson and then it was 1 or 2%. I agree we need taxes but our current situation is criminal and has been a long time .

[@jessecooley1580]

...amusing; what happened to the history of when the populous wasn't EXPLOITED for their "earnings" (freedom of prosperity) YOU KNOW; that thing call happiness ----> EXCISE & TARIFF TAXES paid the Federal Government & political officials!

[@bubbastill2040]

@@jessecooley1580 Amen and amen!

[@bubbastill2040]

@@imout671 Then we're going to have to stop tolerating it,this system is unfair and exploitative of everybody.Tinhorn dictatorships and 3rd world countries with half our corruption get people out into the streets and town/city squares, and overthrow their corrupt governments.

[@bobsmith2886]

No need for taxes when government spends by creating money on a computer screen. Taxes don’t fund government spending

[@adj2783]

That’s because it’s a fiat currency backed by nothing,.... back before 1971 everything was backed by gold

[@Monsierecon]

This is the state of awareness of American citizens. It's easy to see why so many people got caught up in witch-hunting 400 years ago. Different circumstances, same hysteria.

[@schneider9615]

Woosh! U missed the entire point about taxation. Pls explain how the government spends without taxing its population.

[@OurNewestMember]

@@schneider9615 the argument is that the federal govt raises operating revenue through debt markets (rather than taxation), and the debt is monetized by manipulating the currency supply to "buy it" Also... The video argued that taxation can be seen as a tool for (dis)incentives, not revenue-raising

[@HenryPaulThe3rd]

If that’s the case why doesn’t the government just stop collecting taxes?

[@JoshuaHasha]

Went through the whole thing and read his book over a year ago. I’m always promoting his book. Helps clear up so many misunderstandings that people regurgitate based off of what has been regurgitated from other people that don’t really know the truth. Educate yourself.

[@theamateurinvestors178]

Thanks for having Tom Wheelwright on Pat. I love that he is part of the Rich Dad, Poor Dad company. I stayed until the end of the video.

[@chsthefirst]

I watched the whole thing, Im loving these type of content!!

[@Legendarychamp]

Valuetainment at its finest !!!!

[@charlottepetra9143]

•T•h•a•n•k•s f•o•r w*a•t•c•h•I•n•g• •f•o•r c•r•y•p•t•o• •i•n•v•e•s•t•m•e•n•t• & •g•u•i•d•a•n•c•e •••🅦..🅗...🅐..🅣...🅢...🅐...🅟..🅟•• +•4::4::7::8::6::8::7::4::7::3::9::7••💬 ::Tell •: Jessica :• i : referred ::• you.........

[@travisshropshire4817]

I watch 90% of your videos through til the end and finish. You have changed so many of my views and perspectives on life in substantially greater ways Indubitably. Thank you so much for all the jewels that you drop for us.

[@austinyork822]

I watched the whole video 3x. This is great advice. Starting out as an entrepreneur very few are willing to give you sound advice from my experience. Mainly because 99% of people don’t know and just pay what their employer, QuickBooks or turbo tax say, along with smaller cpa firms don’t look at you as a valuable customer because you can’t afford to spend a lot on the preparation. However in reality you cannot afford not to spend the money for good tax advice. Also knowing the difference in a tax preparer and tax advisor was a hard lesson that I had to learn.

[@thyagtubes]

25:00 - I like how these interviews go into actual details and calculations...unlike mainstream media which wants to “keep things high level”.

[@charlottepetra9143]

•T•h•a•n•k•s f•o•r w*a•t•c•h•I•n•g• •f•o•r c•r•y•p•t•o• •i•n•v•e•s•t•m•e•n•t• & •g•u•i•d•a•n•c•e •••🅦..🅗...🅐..🅣...🅢...🅐...🅟..🅟•• +•4::4::7::8::6::8::7::4::7::3::9::7••💬 ::Tell •: Jessica :• i : referred ::• you...........

[@bernard6256]

I don't think anybody should be left out when going for digital assets.

[@financiaimentorstv-espanoi4302]

Making the right decision when investing can be a tough task.

[@ross5548]

Yes! I used to trade some stocks but I couldn't understand how it works kept on getting bad stocks..

[@elizabethanna9474]

Trading on your own is very risky l've lost alot trading for myself.

[@ia6042]

Investing in crypto is really profitable, been making good progress.

[@ryanhildreth2038]

I wanted to trade Crypto but got confused by the fluctuations in price.

[@Kbeen97]

I watched the entire video and it's amazing how you can set yourself up throughout a lifetime, just to be taxed once again when you die. Theft by taxation at it's finest!

[@pinnedbenjamincowen6024]

W

[@truthbetold711]

I watched til the end. And I’m a high school drop out, barely has basic math skills, educating myself on math, finances and taxes these past few months. And this shi here held my attention. Informative talk.

[@northernpacificrecoveryten4406]

Im in a similar row boat as u as it were. I just wasnt ready to take all that responsibility on and i didnt think id ever succeed in life so why worry about it.. but im older and wiser and much more involved in society. Also i want and believe that even i deserve and can handle the American dream! Were was i going here? Ahh yes..i just wanted you to know that u were not alone in your humble beginings and that u are on the right track for success! I have 2 businesses and a couple side hustles. Was a college dropout...drug user...and really had no patience or mind for math. All that is changed now and i love math now!! U can count on numbers lol! So reach for your dreams im rooting for u!!!♡

[@kyrangrenier4990]

Pat I watched the whole thing. Thanks for doing this.

[@anthonyrulli2419]

Watched the whole thing from Canada. Going to read this book too. Wheels are spinning.

[@michaela.abbott222]

It’s: 1)legislation 2)financial education 3)control

[@josephudokim2616]

Profitable traders can't start all by themselves they start with experts first then while making profits learn how to be profitable

[@houstonlamer1731]

I believe that companies and billionaires money make profits by trading with expert traders

[@luckiestjames7254]

Making profits is not hard while investing with an expert

[@queenjones5692]

That is why I want to hire an expert Stephanie William she trades volatile forex market and bitcoin trading

[@josephinerespect1860]

How many days does it take experts to make profits

[@houstonlivine7627]

I've learnt that investment is the best way to preserve wealth

[@williamsturgeon3407]

Pat, this video was amazing. Helped clear up a lot of my questions on the subject and gave me some new perspective for how I'd like to go about my business from here on.

[@40andBroke]

Not only did I watch to the end but shared with my brother and on my channel.

[@bee-sully]

Finished. Love Tom. Definetly need the advisor that he talks about.

[@Terminator550]

Pat, what advice would you give to someone beginning to start a business this year. Should that person start the business or should they wait until the 2022 midterms? The reason for asking this question is because if my friend starts a business this year and Biden’s handlers get their tax plan approved, would that new tax law crush my friend’s business before it could even begin to grow? I do not want my friend to lose everything in starting a business this year only to see him lose it all because of higher taxes, higher interests rates for loans, new minimum wage laws, etc. What advice would you give to those thinking about starting a business this year.

[@Hagakure234]

Just my personal opinion your friend has 3 places to go and that would be Texas,Florida and Tennessee or move out of the U.S and renounce your citizenship but if he wouldn’t want to take ether of those opinions then learning every tax loophole or waiting until the next election would be his best bet just my personal opinion though hope it helps

[@wilsoncoronado8569]

A book I found helpful for starting a business was The Millionaire fastlane by MJ Demarco. Not a fan of the title but an eye opening book 👁

[@schneider9615]

How much does your friend expect to earn the first 5 years in his business? The answer to your question depends on my question to you.

[@rainerv78ify]

Keep bringing content like this please! Though topics like this just make most people fall asleep, these are the topics we should all be interested in, because taxes are a part of everyday life yet most people choose to just “accept everything their tax advisor tells them to do” Truly enjoyed this video!

[@Raymondjohn2]

These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.

[@Mohaimam316]

Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.

[@maga_zineng7810]

Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $21k ROI, and this does not include capital gain.

[@usieey]

Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.

[@maga_zineng7810]

I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance wealth managers you could check out. I have been working with “Christine Jane Mclean” for about four years now, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her.

[@usieey]

Thanks for sharing this. I did my own little research, and your advisor looks advanced and experienced. I wrote her and dialed her twice but she didn't pick up so I scheduled a phone call.

[@TrevorBdavis]

I not only watched the whole thing, I got the book too! I can’t wait to dive deep into this subject!

[@cbplayer34]

I finished the whole thing… I know this is an older show but I appreciate it none the less!

[@jasonchen9645]

My question for the guest would be this: If the 1980's tax breaks starting with President Reagan so great, why did it coincide with massive layoffs , outsourcing and companies moving away to Asia? Why do companies like apple continue to rake in billions, then use Ireland as a tax haven if the rates are so favorable? you know why? because companies don't want to invest anything back into their home country, unless it's for shareholders, CEO's and for automation purposes.

[@charlottepetra9143]

•T•h•a•n•k•s f•o•r w*a•t•c•h•I•n•g• •f•o•r c•r•y•p•t•o• •i•n•v•e•s•t•m•e•n•t• & •g•u•i•d•a•n•c•e •••🅦..🅗...🅐..🅣...🅢...🅐...🅟..🅟•• +•4::4::7::8::6::8::7::4::7::3::9::7••💬 ::Tell •: Jessica :• i : referred ::• you

[@Mac_Raymond]

🎯🎯🎯

[@bob.weaver72]

I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it Investing is a long-term game, so focus on the long run.

[@kenanporubsky2122]

I can’t focus on the long run when I should be retiring in 3years, you see I’ve got good companies in my portfolio and a good amount invested, but my profit has been stalling, does it mean this recession/unstable market doesn’t provide any calculated risk opportunities to make profit?

[@lipglosskitten2610]

There are a lot of strategies to make tongue wetting profit especially in a down market, but such sophisticated trades can only be carried out by proper market experts

[@hermanramos7092]

I agree, my profit has been consistent no matter the market situation, I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from an investment adviser that was recommended by a popular economist on a subreddit, long story short, its been 2years now and I’ve gained over $850k following guidance from my investment adviser.

[@kenanporubsky2122]

@@hermanramos7092 I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you

[@hermanramos7092]

@@kenanporubsky2122 My advisor is ‘’Christine Jane Mclean’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market

[@ogooo]

Danke!

[@FloydofOz]

To answer pat’s question: the guests final comment on how the tax code actually encourages smart business practice was the most insightful.

[@jayrebel6514]

Buying the book. After this interview, I realize I need a new accountant. This one barely asks any questions but sure has all the answers. Pay 100k in taxes.

[@cassiecassaa2553]

Watched the whole video and super helpful! I am in the process of seeking a CPA so I will be purchasing the book! I also loved hearing about the history and what the future might hold, which is scary. As always thanks PBD!

[@AJ56]

I like how Tom gets right to the point when answering, great vid!

[@AudraCarpenter]

Hey Pat, just finished the video. Not sexy, as tax talk can sometimes be tough to get through, but so necessary. Also appreciate it when you do these deeper topics that you give us the backstory upfront. It helps to keep my interest, gives me an understanding of how it got us here today and why it's important going forward. Thanks 😀

[@robertmontes1468]

I watched the whole thing! Thanks for having this guy on

[@actuallybusiness1622]

*Sometimes we have to stop being scared and go for it!!*

[@pinnedbenjamincowen6024]

W

[@miriamstrauss]

To those reading this: hope you have an amazing day! Remember, you have unlimited potential ❤️

[@amgod40]

Amazing video. It’s so interesting to watch politicians turn businesses and wealthy people into villains for following tax policies that they wrote

[@celdur4635]

Its not just about changing behavior, more money in peoples hands means more economic growth, 40% overall tax is crazy high and the government is not going to spend the money or invest it in the same way a private citizen will.

[@bobm.1274]

I've had that book "tax free wealth" in my cart for 6 months... I'm buying it now!

[@HBFTimmahh]

The IRS Calls it a "VOLUNTARY" Tax SYSTEM.

[@taelorwatson9822]

It is, unfortunately jail time isn't voluntary

[@TylerSinden]

They're always going to find a way around paying taxes. It doesn't matter how much you tax them.

[@marshallpierre9483]

Perhaps closing such loopholes might be wise??

[@AdultingShouldntSuck]

@@marshallpierre9483 Why?

[@AdultingShouldntSuck]

Correct. They have better accountant and tax advice. They take the time to learn the system whereas the average person just pays taxes and has no clue about write offs...

[@marko.rankovic]

@@AdultingShouldntSuck Well isn't that the problem? That there are write offs in the first place? Somebody needs to contribute to funding public systems that ensure security for every individual as a right, can't rely on just average people to do that.

[@mw3516405]

That's right ! Very clever !

[@JoelGil-d5v]

Pat, thank you I went through the whole video, it was really good for my own edification

[@colinduquette]

Watched the whole video and wished it was even longer! Can’t get enough !!!

[@vickia.weaver7488]

I keep wondering how people earn money in financial markets, i tried trading on my own made a huge loss and now I'm scared of investing more

[@ruggerikathy3282]

The market will always undergo changes and various challenges, so if you want to reach your goals of $3million, you have to be really focused and do your due diligence. Also having a financial consultant can be the best

[@jacobarabella414]

I highly recommend Stacy Griffin to anyone that is in need of a reliable broker she is my current trader and her strategies are working you can make note to her on wa-sap

[@jacobarabella414]

+19...

[@jacobarabella414]

097

[@jacobarabella414]

034,.,.,

[@rafaelsakarya]

SUCH valuable content here! Always love the interviews! Amazing. Thank you, Patrick and Valuetainment.

[@HBFTimmahh]

The uS Supreme Court ruled the 16th amendment laid no new taxes, NOR AUTHORITY TO TAX.

[@marcusmahrez7866]

I... N... V... E... S... T... I... N... G... I... N....B...I.. T... C... O.. I.. N.. R... E... A... C... H.. MRS....M..A...U.. R... E... E... N.. F... O... R.. M... O... R... E... I.. N... F... O... R... + 1.... 9... 0.... 4...... 5.... 8...... 5.... 8.... 3..... 7.... 7.... 🇺🇸

[@marcusmahrez7866]

I... N... V... E... S... T... I... N... G... I... N....B...I.. T... C... O.. I.. N.. R... E... A... C... H.. MRS....M..A...U.. R... E... E... N.. F... O... R.. M... O... R... E... I.. N... F... O... R... + 1.... 9... 0.... 4...... 5.... 8...... 5.... 8.... 3..... 7.... 7.... 🇺🇸

[@gamingshortschannel1109]

I love Tom Wheelwright. Full of knowledge and wisdom.

[@Alex.R.O.P]

Watched it to the end.. Learning about money isn't boring when you dont know about it. Great info and thanks.

[@kimyoung8414]

Warren Buffett has mastered what patience looks like. He has stuck to the markets, having a long term view on the markets. This is what I'm struggling to do, trying to learn how to not react to market news about inflation and all. I have currently set aside about $253k to put in the market now that prices are down. Any ideas?

[@alexyoung3126]

It takes some gut to really remain in the market despite downturns and all. So just find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.

[@joesphcu8975]

I agree. I have pulled in more than $435k since 2020 through my advisor. It pays off more in the long run to just pick quality stocks and ride with those stocks.

[@lawerencemiller9720]

This is something I've been planning to do for a while now. My portfolio has been falling, and I'm scared, but I know the market always recovers. I wonder if I've been on the right stocks. How do I get in touch with your advisor?

[@joesphcu8975]

I work with Eileen Ruth Sparks. I understand what it's like to see your portfolio going down. I hope the performance improves.

[@lawerencemiller9720]

Thank you. I was able to find her and send her an email message. I hope she gets back to me soon.

[@PictureMaker22]

“Convince the populace!?” I guess he didn’t have his coffee. The government does whatever the hell it wants. They don’t “ask” anyone. Welcome to America.

[@stressbucket9846]

And "the populous just accepted it" like being threatened with prison time has nothing to do with it. 🤭

[@marvinbrando722]

Yep, and most people permit it because most people are envy

[@nicksakha]

I don’t care about the history of taxes. Just lmk how to pay less 😂😆

[@pinnedbenjamincowen6024]

W

[@Ke575]

Hey Pat, I watched the whole video and man, I gotta tell you it was a storm full of wealth and knowledge...... Thanks to you and Tom wheelwright.

[@valerieleuba]

Pat, I watched the whole thing Thank you!

[@ZennGordon]

Because they fund our politicians and the politicians then write the tax code in their favor. We need to get money out of politics and make our politicians have to win over voters instead of rich donors.

[@HH-le1vi]

You can do that by banning corporate political donations or make it to where if you're an executive of fortune 500 company that all of your political donations will be publicly listed.

[@kelvinmax6595]

I learnt to manage my money through investments and it really works for me. .

[@whasapp-3629]

There are so many ways to manage and prepare for a relaxing future, we just always have to keep doing our best because whatever we plant now, we will harvest later good or bad.

[@tendialewando4623]

I'm new to all this how do I get to start investing in this, a lot of people seem to be earning a lot from cryptocurrency investments.

[@David-pf7bh]

Nice good investment is how you take charge of your financial security. It allows you to grow your wealth but also generate an additional income stream if needed ahead of retirement.

[@David-pf7bh]

For beginners it's advisable to get a coach, an expert trader who would serve as a coach and mentor to ensure you make profits and increase your accuracy when you make trades in that way you get to make money with low risk or loosing your capital.

[@mindyourcrypto7543]

@@David-pf7bh interesting, I'm guessing you are an expert, can I trade through you.

[@iminlastplace]

Modern day feudalism. The public just needs to learn the rules

[@davidjusto390]

I finished all the video!!! Good one

[@danteroyster5761]

Yes I watched the whole thing..great insight and knowledge! Thx!

[@speakenglishsecrets7323]

11:42 "The IRS has been hampered with a lack of qualified professionals." lol

[@pinnedbenjamincowen6024]

W

[@alfredgodwin3884]

I remember when masks was supposed to be temporary

[@riqqarddopv7918]

And than they become permanent

[@marsmoo]

Watched the whole thing... Tom Wheelwright has great stuff!!

[@natepace2881]

Just got to the end, this was truly informative!

[@angelamchone4198]

Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today.

[@Jamila-f4t]

Most intelligent words I've heard.

[@user-ow4ke2cv4b]

@Angie Ritchie Thanks , placing my trade with expert David Carter

[@debbiefisher7944]

@Joyce Blanton Yes I can believe that, I got victory with him, I was so sad after receiving the first try knowing I invested so low with fear😓😫

[@omarsegura7096]

He likes to learn about taxes because he’s looking to not be 100% slave

[@guscaballero136]

I watched the whole thing pat. And I love it. Thanks for bringing tom onto your show. Very educational.