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1: Pay ZERO Taxes (Legally!) Rich Dad CPA | Tom Wheelwright
08/06/2022
1: Pay ZERO Taxes (Legally!) Rich Dad CPA | Tom Wheelwright
Jason Hartman invites Tom Wheelwright, entrepreneur, best selling author, Rich Dad Advisor® & International Authority on Tax to discuss how we as taxpayers can do what the government wants done and get a tax break for doing it! We've heard a lot of discussion in the media and in politics about how the rich don't pay taxes, but maybe they should rephrase the question to why the rich don't pay tax legally. And this is exactly what Tom’s new book, The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make, is all about. Tom Wheelwright teaches you how any person can use those tax incentives for themselves. Why does the government do this in the first place? The government actually makes more money providing an incentive, than doing the work themselves! Learn more as Tom and Jason discuss the ins and outs of real estate taxes, tax deductions, home offices, tax credits and government incentives! Watch the video . Key Takeaways: 0:00 Welcome Rich Dad Advisor® Tom Wheelwright, CPA & author of Tax-Free Wealth 0:53 Tom’s brand new book - The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make 2:01 Income property is the most tax favored asset class in America 3:04 John F. Kennedy was the first president to incentivize manufacturing for tax credits on a larger scale 5:07 The government actually makes more money providing an incentive than doing the work themselves 6:58 Your real estate investing is a business 9:10 LLCs, Schedule C and tax returns 13:12 Should you file individual returns for each entity? 14:15 How do I make expenses deductible? 16:54 Every country has business tax benefits 17:18 Tom’s Win-Win Wealth Strategy 19:06 Changing our tax mindset 19:57 If you put solar on your business property, you get a 26% credit and an 87% deduction 22:09 When Joe Biden came into the office, the benefit started shifting towards renewable energy 24:29 The home office deduction and the 4 rules of business deductions 27:09 Change your facts, change your tax 27:36 Get Tom’s new book at WinWinWeathStrategy.com Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Learn More: Get wholesale real estate deals for investment or build a great business – Free course: Free White Paper on The Hartman Comparison Index™: Free Report on Pandemic Investing: Jason’s TV Clips in Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: Special Offer from Ron LeGrand: What do Jason’s clients say? Contact our Investment Counselors at: Watch, subscribe and comment on Jason’s videos on his official YouTube channel: Guided Visualization for Investors: Jason’s videos in his other sites: Jason Hartman’s Jason Hartman’s
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