How to Pay Zero Taxes, Legally! John MacGregor, @TomWheelwrightCPA

In this episode, host John MacGregor interviews tax expert Tom Wheelwright. They discuss strategies to minimize tax burdens, the largest expense for most households. Wheelwright shares his extensive experience in the field, emphasizing the importance of having a tax advisor who focuses on reducing taxes. He also discusses misconceptions about taxation, the government’s role in it, and how understanding tax laws can lead to significant savings. The conversation also covers the benefits of financial education and owning a business, the concept of deductibility, and the surprising tax advantages of 401(k) plans.

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Please read carefully.

This is not financial advice. You may be asking, “What does that mean?”

Let me explain…

Do not just do what I, my team, or my guest say. That would be stupid and irresponsible. Take the education, then use your own brain and make your own decisions.

YOU must take responsibility for your future and your success. That is why you are here. Neither I, nor my team, nor my guests, know your risk levels, prior education, emotional maturity, or how much money you can afford to lose.

We are only telling you what we believe to be smart moves. But you must decide for yourself. There are NEVER guarantees.

Also, understand that we are REAL teachers. We practice what we preach. With that in mind, we often invest in the very projects that may be mentioned on this show. While it is never our intent, we could possibly profit from others investing in our recommendations.

Take the education we provide but then determine your own actions. If it does not make sense to you, get more education before you invest. We will continue to provide education and there will always be more opportunities.

[nicholeNTCjackson]

Incredible one of my favorites 🎉 Absolutely love Tom big fan of you and your whole team and intergration

[daveglen]

I didn't know that this was gonna be done live!!!... How can I find out about this earlier?
Thanks for bringing in Tom Wheelright...love his book.

[LillianGarcia]

I'm so happy I made productive decisions about my finances that changed my life forever. I'm a single mother living in Canada, bought my second house in September and hoping to retire next year at 49 if things keep going smoothly for me

[oirptts]

There’s a much easier way to evade taxes legally.

1. Freedom law school (you may get stressed going this avenue)

2. IUL Indexed Whole Life Insurance - this vehicle allows you to be your own bank and your money makes you money.1

[MultiHogy]

wonderful shift in perspective!!! thank you!

[thelampstands]

The bottom 50% of people pay for taxes on the front end of a sale via inflation by mandate. It is absolutely true that the top earnings pay the majority of back end taxes. Any action taken by a government body to manipulate prices is a form of tax...

[eduardomendoza]

Awesome how this guys are interested in teaching people how to fish rather than selling us the fish. I would like to know how to scape from the rat race. Meaning how to build our own freedom a step by step program about building our own business.

[silverfoxfinance]

You also have to think, if you live in a home you need more material goods and services. Garden hose, garage openers, washers, dryers, yard care, ect. Think of how much more goods and services you need with a home. But a home in the long run is better in the long tunnel, not financial advise.

[jeancampbell]

Who is paying off the the interest on the trillions of US government debt at the moment?

[KimBrce]

Unfortunately not all techniques apply for different countries.. for example i live in Slovenia and they closed every hole possible, can’t do anything about taxes.. Any advice?🙏🏼

[ikhwanulfikribest]

lessons to be learned from here. increase in poverty. the country will get more taxes.

[chriseustace]

Fortunate US taxpayers being able to deduct interest payments on houses, as in the UK money grabbing Chancellors deleted this benefit years ago.

[elijahprasad]

If a side hustler makes $1 Million and invests all of it into stocks, will they pay 0 taxes?

[AzHodl]

So the new word for slave is "partner"? 😂

[sterlingwelch]

12 USC 531 states you owe no tax why play these games?

[mdnahidseo]

Do u need a professional YouTube thumbnail designer?

[jasonc]

As much as I would like not to pay for any services,

Fire, police, streets, highways, parks, military, ect... would go to hell in a hand basket.