Tax Secrets: What “They" Don’t Want You to Know (Wealth Inequality)
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- Опубликовано: 16 июл 2024
- These “tax secrets” I’m going to share with you today are extremely important that you and other people know about the tax system. The first thing you need to know is that taxes hurt middle/working-class families the most.
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Timecodes:
Intro Joke (0:00)
Tax Secret #1 (0:34)
Why Do Taxes Hurt Average Households the Most? (1:29)
The Shocking Tax Truth (3:00)
Tax Secret #2 (6:01)
Tax Secret #3 (7:21)
Tax Secret #4 (9:05)
So what does all this mean? Well, at the end of the day, you have to master wealth growth... and that may involve mastering your income, taxes, investing, and more. Which is what we talk about all the time on this channel.
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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).
I just started my business in 2021 and can't afford your tax services yet but I severly need Lyfe accounting on my team and am looking forward to working with you in the future. I've told all my family & friends about your channel and we all are taking notes and making changes to become more successful. Thanks for helping.
Thank you so much for sharing!!
You are so welcome!
Great content!
Great information, thanks for sharing
Thanks for watching!
Great Content!
Wondering who does his editing...???
If I'm trying to trade Forex full-time but I'm not consistent yet, would you recommend starting my business out as a Sole Proprietor first as opposed to an LLC? How should I navigate my business(es) if I not only want to trade Forex, but also have a RUclips business, as well as trading and holding crypto? Sole Proprietor, LLC? One business for all or multiple businesses? Thank you in advance.
Great video! I was recommended this page for its epic content by the owner of Station Surf Shop, in Rockaway Beach NYC. Looking forward to making my way through all the videos.
I'm glad you enjoyed it, we have a wealth of content, hope it helps you tremendously. Do you currently own a business?
Lol … I LOVE tax tip #1!
❤
That is not the definition of depreciation. Depreciation is a reduction in the value of an asset with the passage of time, due in particular to wear and tear. You have to buy an asset in order to depreciate it. Property doesn't take losses, that "loss" was already spent when the owners bought the franchise, but they couldn't immediately expense it because they need to capitalize it and amortize over 15 years. It's just the recognition of an expense over time to conform to the matching principle which is the basis of GAAP accounting. The IRS depreciates assets faster using a method called MACRS which is by design so they can encourage investment in assets.
How do I contact you for a consultation
So, if they are paying themselves "$1", how are they living such extravagant lives? How do the pay home utilities, cars, gas, phone, clothing, etc.?
You can pay all those expenses with the business / assets under specific scenarios- remember, businesses get the best tax write off‘s
Are you guys taking new clients? The number on google maps does not work.
Building welf is very important
Welf growf is very important