Premium Only Content

Do the Rich Really Pay Their Fair Share in Taxes?
Book a Professional Tax Strategy Consultation ▶ https://taxalchemy.com/consultation?utm_source=youtube&utm_medium=description&utm_campaign=kd242_how_the_rich_avoid_taxes
Cost Segregation Tax Savings Calculator ▶ https://taxalchemy.com/cost-segregation-calculator?utm_source=youtube&utm_medium=description&utm_campaign=kd242_how_the_rich_avoid_taxes
Download the Short-Term Rental Rule E-Book! ▶ https://ebook.taxalchemy.com/?utm_source=youtube&utm_medium=description&utm_campaign=kd242_how_the_rich_avoid_taxes
Watch this FREE Webinar on How to Cut Your Tax Bill in Half as a Real Estate Investor ▶ https://join.taxalchemy.com/registration?utm_source=youtube&utm_medium=description&utm_campaign=kd242_how_the_rich_avoid_taxes
We earn commissions when you shop through the links below.
Get Help Setting up Your LLC, Now ▶ https://shareasale.com/r.cfm?b=617326&u=2911896&m=53954&urllink=&afftrack=
It is often said that “the rich don’t pay any taxes.” Well, oftentimes, this is true. Many rich people use advanced tax strategies to dramatically reduce their tax burden. With advanced tax strategy, it is possible to reduce overall tax burden by 50-100%. However, a lot of people are completely unaware of these strategies.
In this video, tax expert Karlton Dennis explains multiple strategies that the wealthy use to dramatically lower their tax burden. Some of these strategies include taking advantage of long-term capital gains rates, borrowing against assets such as stocks, and more. Warren Buffett is said to pay a lower tax rate than his secretary by employing some of these strategies.
Learning how the rich avoid paying taxes legally is something that can potentially benefit anyone who wants to pay low tax rates like Warren Buffett, Elon Musk, Jeff Bezos, and other billionaires. The best part is, you don’t need to be ultra-wealthy to start deploying some of these strategies.
CHAPTERS:
0:00 Intro
0:26 Capital Gains Income vs Ordinary Income
2:27 Borrowing Against Assets
5:22 Using "Step-Up in Basis"
7:07 Real Estate Investing
10:13 Subscriber Question!
12:23 Outro
*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
#wealthbuilding #wealthdisparity #entrepreneur
-
8:29
Karlton Dennis
7 days agoShould You Start Cash Stuffing?
25 -
1:47:20
Badlands Media
12 hours agoBaseless Conspiracies Ep. 154: The Death of Kurt Cobain – Murder, Media, and the Cover-Up
32.7K34 -
2:04:08
Inverted World Live
6 hours agoRex Jones Calls In From The Gray Area | Ep. 122
30.7K4 -
5:56:17
Rallied
8 hours ago $2.56 earnedBF6 with THE BOYS
34.9K4 -
1:05:18
Flyover Conservatives
1 day agoThe SEAL-Turned-CEO Paying Off Millions in Veteran Medical Debt: JOIN THE MISSION! - Bear Handlon, Born Primitive | FOC Show
44.4K4 -
LIVE
Drew Hernandez
10 hours agoTRUMP'S GAZA PEACE PLAN PHASE 1 & TRUMP THREATENS PUTIN WITH TOMAHAWKS
490 watching -
1:18:38
Glenn Greenwald
9 hours agoProf. John Mearsheimer on Trump's Knesset Speech, the Israel/Hamas Ceasefire, Russia and Ukraine, and More | SYSTEM UPDATE #530
115K77 -
2:21:37
Tucker Carlson
7 hours agoAlex Jones Warns of the Globalist Death Cult Fueling the Next Civil War and Rise of the Antichrist
89.7K400 -
12:35
Clownfish TV
15 hours agoJimmy Kimmel Return NOT Helping Disney AT ALL! DIS Stock Keeps Falling! | Clownfish TV
40.4K8 -
LIVE
Eternal_Spartan
9 hours ago🟢 Eternal Spartan Plays Final Fantasy 7 Rebirth Ep. 10 | USMC Vet
642 watching