Round Table | I Have an Active Income Problem, Taxes are Killing Me

Do you get excited when payday comes? Are you happy to see how much money you get to take home? If you are a regular worker or an active income earner, you probably cringe at the sight of your take-home pay. The biggest chunk of your hard-earned income goes to your income tax, leaving you with very little to fund your family’s needs and enjoy the fruits of your labor. So how do you get out of this vicious cycle? And why is it that people who have more money get to pay less taxes? What are they doing to enjoy such privilege? That’s what the coaches are going to discuss today. So pay attention and discover how you can lower the amount of taxes you pay legally.Show more

Tune in to this round table as the coaches provide insights on the following:
The four different ways people pay taxes according to where they are in the Cashflow Quadrant
Legal ways to minimize the amount of taxes you have to pay

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3:54 - I have an active income problem. Taxes are killing me! What should I do?
10:06 - Why are we talking about this topic today?
17:10 - What's the first way that people pay taxes? What Quadrant do they pay it from? What's the highest rate a typical employee pays in taxes?
17:39 - What's the second way that people can pay taxes? At what rate does the typical self-employed person pay in taxes?
19:20 - What's the third way that people can pay taxes? How much tax do people in this group have to pay?
20:23 - Whats the fourth way that people can pay taxes? How much tax do some of the most successful people pay?
22:08 - What gives business owners and investors the ability to pay less taxes?
24:33 - What did you do that forced you to pay a lot more in taxes, and what could you have done differently?
27:21 - What's the biggest fear people have about taking action on tax reduction ideas?
30:07 - Are the people on the left side of the Quadrant actively documenting their processes and building systems?
32:40 - How did Russ discover the different strategies to reduce taxes legally?

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