1873: Pay Zero Taxes (Legally!) Rich Dad CPA Tom Wheelwright: Tax-Free Wealth

29:48
 
Share
 

Manage episode 335441494 series 2294384
By Jason Hartman. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

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!

Key Takeaways:

0:00 Welcome to The Creating Wealth Show

1:04 Welcome Rich Dad Advisor® Tom Wheelwright, CPA & author of Tax-Free Wealth

1:40 Tom’s brand new book - The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make

2:45 Income property is the most tax favored asset class in America

3:50 John F. Kenedy was the first president to incentivizing manufacturing for tax credits on a larger scale

7:02 The government actually makes more money providing an incentive than doing the work themselves

7:43 Your real estate investing is a business

9:56 LLCs, Schedule C and tax returns

13:57 Should you file individual returns for each entity?

15:00 How do I make expenses deductible?

16:35 Every country has business tax benefits

18:03 Tom’s Win-Win Wealth Strategy

19:51 Changing our tax mindset

21:01 If you put solar on your business property, you get a 26% credit and an 87% deduction

22:55 When Joe Biden came into the office, the benefit started shifting towards renewable energy

25:16 The home office deduction and the 4 rules of a business deduction

27:53 Change your facts, change your tax

28:22 Get Tom’s new book at WinWinWeathStrategy.com

Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/

Learn More: JasonHartman.com

Get wholesale real estate deals for investment or build a great business – Free course: JasonHartman.com/Deals

Free White Paper on The Hartman Comparison Index™: HartmanIndex.com/white-paper

Free Report on Pandemic Investing: PandemicInvesting.com

Jason’s TV Clips in Vimeo

Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: JasonHartman.com/Protect

Special Offer from Ron LeGrand: JasonHartman.com/Ron

What do Jason’s clients say? JasonHartmanTestimonials.com

Contact our Investment Counselors at: www.JasonHartman.com

Watch, subscribe and comment on Jason’s videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos

Guided Visualization for Investors: JasonHartman.com/visualization

Jason’s videos in his other sites:

JasonHartman.com/Rumble

JasonHartman.com/Bitchute

JasonHartman.com/Odysee

Jason Hartman’s Extra YouTube Channel

Jason Hartman’s Real Estate News and Technology (RENT) YouTube Channel

995 episodes