You Can Legally Pay No Taxes by Tom Wheelwright, CPA

Tom Wheelwright, CPA uses Robert Kiyosaki's CashFlow Quadrant to explain how the tax law impacts different people and how to take advantage of incentives to reduce your taxes.
Tom Wheelwright, CPA is a Best Selling Author, Entrepreneur & Worldwide Authority on Tax.
wealthability.com/tom/
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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.

[@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 😁

[@tyzxcj34]

Glad i found this. Thank you!

[@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.

[@lisapippinbt738]

This is amazing! Thank you for the truth!

[@n1k0flow]

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

[@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.

[@rachitjoshi23]

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

[@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.

[@fmagalhaes1521]

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

[@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.

[@gw2031]

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

[@ishmaelmonts9397]

Love this ❤thank you😊

[@JasonBunnell]

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

[@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!!

[@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

[@shawnrank1957]

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

[@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

[@jlosadventures5960]

More videos about tax please

[@worldwideachievers1234]

Excellent talk. New subscriber here 👌

[@trevinosoutdoors7239]

What happens if I stop filing and paying taxes?

[@antagonist2137]

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

[@remanencemedia6656]

I was literally at this seminar.... lol

[@conservativeneurologyb4999]

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

[@theIssue-tt]

Tom said "really? Im a nice guy! 😂😂😂

[@nicholase19915]

Great education

[@shednotes3016]

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

[@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)

[@LegitKev.]

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

[@aaronshoyt]

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

[@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

[@user-ex8ns9ux9j]

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?

[@Igor-fp6bc]

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

[@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

[@michaelperez3887]

What law says I have to pay taxes?

[@d-m.n_--2]

US constitution.

[@maxaluta3618]

The Trump example had me cracking up 🤣

[@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.

[@jessehern365]

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

[@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.

[@ldstiesto]

Probably the best video in all KZbin 👍🏽👍🏽

[@kendrabonds6901]

You and your employeer can each fill out the W8BEN

[@extracluster9707]

Amen

[@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.

[@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.

[@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 .

[@mikeanderson9266]

Buy his book Tax FREE wealth!

[@kofiofosu9051]

He’s got the nail on the head.

[@SivanGoundar]

10/10! 😁

[@karanemakiel]

I learnt something

[@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.

[@smokesolid8927]

awesome personality awesome presentation. all around good stuff

[@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 . . .

[@ellenoir5678]

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

[@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

[@The_Blessed_Cowboy]

Good luck getting a passport!

[@SRV12]

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

[@pedrinajohansen-maevlogs4298]

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

[@hugyourself1380]

Fear does hold back.

[@JohnK1409]

take his cours

[@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

[@novakd1530]

I didn't think this would turn political LMAOOO

[@matthewspurgin4220]

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

[@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.

[@dk.650]

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

[@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

[@nandadulalbakshi3121]

Not to dump your unuse staff yu cannot consumed

[@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.

[@Trd2020]

The fake laughs 😂

[@miketyson8236]

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

[@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

[@thekilla2885]

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

[@sz1404]

Wow old information

[@izzyzzty6769]

He said a whole bunch of nothing

[@rl_31123]

lol this guy really has a fake audience lol

[@rupert2275]

Man that's some grand finesse what a G

[@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?

[@BoulderMTBR]

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

[@blake1337royale]

Early lol

[@jerrydyreson7847]

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

[@derjogderjog8031]

Dribble Dribble....I am so tired of hearing this guy never say anything of value and many things actually wromg...used car salesman.

[@zarni000]

nonsense. prof investors and big business hate audits just like everybody else.

[@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

[@SenthilST]

Copycat... repeating with Rich Dad Poor Dad... Mock Presentation...

[@jujjuj7676]

Dude, this is old shit... I seen many MANY influencers with same chart..its too vague to follow..zero details..

[@starkovinc.4211]

Very complicated