How to LEGALLY Pay $0 in Taxes (DO THIS NOW) - Carter Cofield
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- Опубликовано: 3 мар 2024
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The podcast highlights the importance of investing in tax strategy sessions as a key component of financial education and planning. The speaker emphasizes that tax planning is just as important as tax preparation and that having a tax strategist can lead to significant savings and benefits in the long run. By working with a tax strategist, individuals can optimize their tax situation, minimize their tax bill, and take advantage of various tax credits and deductions that they may not be aware of.
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Развлечения
As an estate planning attorney, it’s good to finally hear someone who knows that trusts are not a tool to mitigate income tax.
I disagree 100% there are trusts that can be established to mitigate your tax liability for transferring purposes.
@@CSL214YSome irrevocable trusts, yes, not revocable living trusts though. As for entrepreneurs, utilizing an irrevocable trust, in my opinion, shouldn't be the first thing to run to do.
This interview is GOLD! As an accountant and tax advisor this is the stuff I try to explain to clients everyday but end up having to rebut misinformation from "gurus" and correcting "lazy CPAs". However, the host is super articulate in 1. asking the right questions; 2. allowing him to speak without 3. keep interjecting with what some other guru said. Loved it, gives me hope with my clients.
This is a conversation and confirmation of the educational process that's needed for citizens.
I feel like Dave living vicariously thru Carter on this episode 😂
lol right. I love watching him geek out. We’re learning together.
Always good quality tax talk when Carter drops by!!
Im 12 mins in, and im learning SOOO MUCH! Thank you for this episode!
Yooooo that edit was smooth. Perfect placement for the morning meetup promo. Great Job editors!!!
The editing and the intros be fire!!! Dave is a master at this craft. #salute
After the 1st 5 minutes I'm LOCKED IN! Excellent episode.
This was an awesome episode! I love Carter's spirit, and he is spot-on with his "dating rich" philosophy.
Omg this is why I watch Shands He expresses what’s going on in my head
If you guys see this, thank you so much. I got a crazy tax bill and I needed some way to compress it hundred percent helpful thank you so much.
DIZ ONE OF DEEE BEST SIGMENTS I EVER SEEN ON RUclips ❤ THANKZ FOR TRYING TO HELP US ❤
My mentor Carter!!!!! Let’s go!!!! Melanin Money team!! 💰💰💰💰💰💰
Always a great discussion when Carter is on! Now I need to go talk to my accountants.
A trust set up in English common law is the best structure for a trust. 0-5% This strategy is legal. What’s illegal is evading taxes not alleviating taxes..
Perfect time of year for this 🙌
Thank You❣️
A trust is an entity...whereas a Will is simply a document.
Thank you for sharing this teaching. 😊
The relief on Dave’s face …priceless
It’s his effective tax rate not his actual rate
52:35 The Augusta Rule (as a business owner)
Thank you for this.
I am learning stocks so this type of information is valuable.
This episode is remarkable!
This episode was 🔥🔥🔥 Thank you for the good information!!
Love when carter is on
Yup as long as it’s an attempt to make a profit it’s necessary
DAT WAZ SOME REAL GOODT FREE ASS INFORMATION THAT U DIDNT HAVE TO PAY FOR NOR EVEN PICK A BOOK UP & SEARCH AND LOOK FOR NOR EVEN TAKE THE TIME TO READ 🎯🎯🎯 ABOUT IF YOU ARE A HOMEOWNER AND THE TAX DEDUCTIONZ 💅🏽 REAL KING SHIT 🔥☄️🚒🚒🚒 A REAL ASS NUGGET THAT WILL SURELY GO OVER SOME HEADZ FOR WHATEVER REASON I DONT KNOW . PERHAPS 😴💤💤
Another great one for the can❣️
I’m here for this👌🏾
This is going to be so good.
Take Notes
Amazing episode - he really knows what he's talking about. Also, business interest expense can have limitations in some instances. There's a limit under IRC section 163j. In the accountant world it's best to say, "It depends", not always.
Agreed with you Dave on that safe space in regards to the "women prime"
I would Carter to give tax tips to both W2 employees and entrepreneurs. Thanks
Here is the thing
So much of the tax code benefits business owners and investors. That’s why it’s typically the focus.
There are some tax advantage strategies for W2 employees. But not as many.
To really navigate the tax code, I’d really encourage you to start a business or invest.
I love the info I learned here. I’m hoping to start a business sometime this year and I can see this information helping me not lose my shirt at tax time.
🔥 YOU ALWAYS ALWAYS HAVE A CHOICE 🔥
I love cost seg
Came here to learn about taxes, ended up learning español!😀 Great Usher song by the way, how do i say 'hello'?
A 14k episode 💪🏾💪🏾. Great info
As someone who is doing the extraordinary with his business, how doesn't he see being in a loving marriage with all the temptations of his status as doing something extraordinary also? If monogamy isn't natural, being in a monogamous relationship is the "extraordinary-ness" he's looking for.
Mannn i am greatful for this episode because it is confirmation that I do kniw what i am talking about..lol
One of the coldest videos out right now mane! 🔥 #Delegation101
1:10:02 Polygyny for the win
Damn, cutting deals online. Shiiiiitttttt. Love it
Good tax advice.
Did i pause and text the number... and did 😂😂
Yasss for the 2 min gem break
The rule is everyone is actually not supposed to pay everyone just voulenteers to and it's for businesses not people
The yacht story, he got from Norelle.
I wanna know who your tax people are David, cuz they should also saved you some coin lol
Carter always get my attention. Pray he finds that Wife which God ordained!!
Find one study that heavily correlates podcast viewership to “attractiveness’ of lead and you are good. You may have to defend in an audit but hey! It’s normal and necessary for growth.
Sometimes, the juice of the tax strategy isn't worth the squeeze...so important
The Dating portion. My whole squad was on the phone with the boyfriend.
I have a tax question, concerning the Robinhood app.
When you go to download your Robinhood consolidated transactions and consolidated 1099 form, does anybody get a message saying, "Open failed: EACCES (permission denied?
What does this mean? 🤔
Like this message if you learned something!
Such a good ep man. Especially loved the piece on lowering taxes for a digital busiensss
🎯
There is a difference between short term and long term capital gains tax rate.
Carter and Shands are dope! I am Learning abd Teaching 1 Love Y'all
Most of my friends were monogamous in high school and early college. Most of us had 5-7yr relationship and either had kids or got married...
What I generally see is more older women not wanting to settle down!
It's also crazy to consider 19-21 "prime." No wonder so many women get taken advantage of!
right 19-21 is def not prime for a woman!
Very time consuming which is why you pay handsomely to have one done
David man DO the relationship podcast! But don't have yourself as the host. You have thousands of students and people you coach. Pay them to host and all the money after that is you!🎉 What you got that HUGE building for if you ain't gon get paid with it😅
I think the OF woman may lose unless they're enormous. If they're suitable for everyday use (natural looking), doesn't cause undue back pain etc, they're not just for business purposes.
Too Messy when is comes to the personal, I prefer the business. Why is David so obsessed?
I sent the text too
Why do we define fun as promiscuity???
❤
Taxes🎉
This still skep. Ion care what people say.
Wym?
My opinion is my opinion I’m not bout explain my opinion.
It's too many black relationship podcasts just stick to surprise attacking your guests with intimate questions at the end of the podcasts lmao.
Appreciate that I can and know that I don’t have to!!!! That’s the one. Folks just want shit and don’t know what to do with it.
😮
The tax education is gold, but can you claim to be fluent in Spanish if you haven’t nailed the pronunciation? Lol
😂😂😂😂
Shands lost when it comes to women
Why isn't monogamy extraordinary? Why isn't monogamy valued more? DONT ANSWER, I already know what " society " will say.
I enjoyed Carter!! But the part about a woman's prime being that young... nahhhh. Women def are in their prime later than that!☺
Ah yes, this wont have any negative impact on society, its not like taxes pay for things like roads, bridges, schools, hospitals, firefighters, police, The military, postal workers, national parks, etc, etc, etc. Lets just use our status as rich assholes to completely rig the social contract in our favor🤡
You’re not totally wrong. However how do you think people accumulate wealth? It’s not by paying more in taxes. He’s also not advocating to cheat the government but use the laws they have put in place. Trump is a great example of taking advantage and crossing the legal line. He’s also the reason our wealth gap is growing even more, the tax cuts he passed gave the richest people even more loopholes to use.
@only1muppet people accumulate wealth through theft aka capitalism, you have people produce value for you and pay them less than the value they make, or you find a resource and extract it, making sure to avoid any costly regulations that you can, or you use government subsidies and tax write offs to give you a competitive edge over everyone else, it's all theft. He IS advocating to cheat the government, there are over 400k PAGES worth of tax write offs, why do you think that is? Because rich people write the tax code and make sure they can avoid all that they can, walmart literally decimated small town economies by not paying taxes, amazon makes tens of billions per year and pays no taxes, that is theft on a massive scale, not to mention the wage theft they commit on workers is more than all blue collar theft combined in this country
Y’all going to jail stop taking bs advice on line and go pay someone qualified
BRO!! PLEASE DO SOMETHING, ANYTHING, about that gravel in your voice!! Hard to listen to for over an hour. You're running a PODCAST, a "radio voice" kinda helps.
Really? If that’s ur issue I already know ur messy and unaccomplished in life😒
The yacht story, he got from Norelle.
Came here to learn about taxes, ended up learning español!😀 Great Usher song by the way, how do i say 'hello'?