How to (LEGALLY) Pay $0 In Taxes | Why The Rich Don’t Pay Taxes?

How to LEGALLY Pay No taxes - Why the rich don’t pay taxes? That has been one of the questions that many people don’t fully understand.

If the working class pays taxes, why do the rich get away without paying theirs?

Well in this video we are uncovering the different types of income and how they are taxed so you can also take advantage of them.

Here you will learn how the tax brakes the rich use to pay little taxes and some tax loopholes the rich use to completely eliminate their tax bill.

To learn how the rich legally pay no taxes, we are going to be using Robert Kyosaki’s (the author of rich dad poor dad) cashflow quadrant to explain the different types of taxes according to their income category and the tax breaks for the rich.

This raises the question, do you think the rich should pay more in taxes? Let me know in the comments section what you think.

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*Please always check with a professional before making any investments or financial decisions. These videos are for educational purposes only. No official financial advice is being given. Never listen to anyone online who tells you to not check with a professional!

[asandax]

I legally avoid paying takes by being Unemployed and it has been working great.

[FNISHHIM]

Me: gets paycheck
IRS: roses are red violets are blue half that check doesn’t belong to you

[brandonliao]

*Gets employed*




The Government: "Hippity hoppity, your hard work is now my property"

[divinegaming]

I just learned more in this 1 video than my 16 years of school 😂😂

[acatacho]

If those men started a kerfuffle over tea tax, I can only imagine the heart attack they would have knowing about all these taxes

[franbar]

I wonder WHY they didn’t taught us this stuff in High School. Now here I am close to 30 years of age & just starting to learn this stuff.

[SuccessWheels]

Some NOTES here


1. EMPLOYEE: They have very little control over their taxes. Their income depends on income from 10% to 37%. On top of this there are state taxes except few states. The only way they can lower taxes is by investing in retirement account like 401k, IRA accounts etc.
2. Self Employee: This person has more control over their taxes by showing business expenses but still they have to pay self employed tax which is 15.3% on top of federal & state taxes
3. BUSINESS: People in this category make legal entities such as corporations to host them run their businesses. Recently with new tax cut this category pay only 21% in taxes which was 35% earlier. Many companies borrow money to pay expenses, assets, or build real estate all by using their debt to offset their profit. Dividend income are not subject to tax here so you save 15% self employment tax
4. INVESTOR: Biggest tax advantage is this category. Many business people use their income to feed their long term investment this way they take advantage of both corporate tax breaks & Investor tax Breaks


As always my crazy passion is to share summaries like started doing it on my channel with PDF summaries✌
Lets become investor 💰

[oxbviti]

“I don’t care who the IRS sends, I’m not paying taxes” -Dan

[georgeanos]

Step one: start a multimillion company.

[nunyabisnass]

Create your own charity, donate huge sums to it, claim the donations.

[californiaplant-basedeater]

It's true about McDonald's. I went into the drive thru then came out with a piece of land from the value menu for $1.99.

[jasondavis]

I like how everyone is hating on the IRS when they're not the ones making the tax laws. This is how politicians get reelected.

[avisgreen]

Youtube University...I'm a proud Alumni

[ashleyking]

my brother owned his own company and wrote almost everything off. you gotta know how to leave the right paper trail and how to categorize money properly.

[nismo]

I got an even simply one: Move to a safe haven, start your business there and if you're an US citizen, Lose the citizenship as US is one of the few that will tax you where ever you live!

[Michelrs]

looks like we've learned nothing from the french revolution

[geo]

As a cpa, there are some flaws with his business dividend tax avoidance strategy. Particularly double taxation that he does not mention

[alexandriaazada]

Im not even close to the age of being allowed to get a job but im just so paranoid abt my adulthood bc school isnt rly teaching us much :/

[DonLee]

I am self employed and I write off lots of costs and I also pay myself a salary that would merit a smaller income tax than my corporation tax. Downside is there's a lot of paper work and I have to pay an accountant around $1500 a year.

[zexalblazer]

The content in this video alone is so massive. I'm so glad a youtuber knows what they are talking about. Good shit