How to Pay ZERO TAXES to The IRS: Tax Loopholes You Can Use!
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- Опубліковано 24 чер 2024
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How can I have you do my business taxes? I tried searching you up on google but it has no number or website for clear value tax
@clearvaluetax9382
how would i use 160 acres in alaska "virgin land" that was granted to me to make money? got any ideas?
Step #1 straight to jail
3:58 Tax free capital gains
6:00 Roth IRA
7:00 Depreciation tax write offs
9:20 Eliminate SS and Medicare taxes
11:35 States with 0 income tax
thanks for the key points man.
Thanks for this. I retired at 39 and live off of long-term capital gains only. I pay no taxes. Love it.
Stocks?
liar
I retired 22 years ago at 45 and funded retirement by slow flipping houses. Working on house #4 now in Central Phoenix. Pretty cool I'm not even required to file tax forms and haven't in years. Because of low reportable income I get free healthcare, smartphone and recently home internet from Uncle Sam. Not paying taxes is cool but I've gotten about $75k worth of benefits from Uncle Same too so that's the cherry on top.
@@MC-kl5mp Cool to not believe. I did it too so I guess I'm a liar too. I did it slow flipping houses, #2 in the video. It's not even hard to do. I started back before UA-cam even existed. It's not rocket science. Retired 22 years ago at 45 doing this. Working on house #4, planning to sell 2025 and move to SE Asia. At that point I'll take SS probably at 70 and will have to go back to filing taxes again.
@@waterbug1135 liar
This is UA-cam gold. Crisp and informative as usual. Thank you!
Brian, when you think it can't get any better, you're just getting better and better! Your honest take on economic issues, as well as foreign affairs ones, are absolutely first class! Happy New Year!
“This video is not for billionaires”
Me: *checks pocket* “okay im good”
Thanks Brian for providing us with such valuable information !
Wow love this new format, the Text makes it so easy to follow along, thank you!
Thank you for that feedback and all the support Mike!
you always bring so much value man. I greatly appreciate all your tax information that you are giving for free, you're killing it man.
It's my pleasure and I'm happy to share! Thank you for all the support becraftcorey!
You’ve definitely become one of my favorite channels! 🤙
Thank you Simon for all the support!
This youtube channel shouldbe thoroughly studied and analyzed in every school. Been watching fir 2+years.
Thank you for all the support ampm8210! I appreciate it so much!
This is gold🔥please keep em coming. Thank you 🙏
Thank you for all the support yassinelam!
How about pay no taxes if you make less than 150k
This video should help👍🏻
Exactly!
Tax evasion exists bro just simply dont pay them i pay them and never get my fed back love that when i mess up its prison but when they mess up we cant show them gods wraith
Great idea
Max 401k, max HSA, make 3 kids being married and zero on income tax in non income tax state
Happy Tuesday day Brian!!! Have a splendid day! Happy New Year!🎉☀️🌺
Happy New Year Rose Bloom!
Happy New Year Brian! Thank you for all your hard work. It is appreciated.
Happy New Year Terriann!
Thank you for all your hard work and top notch information !
Saludos desde Utah .
Te deseo un feliz año nuevo Rocio!
High-quality presentation! Thank you!
Thank you for the feedback and support Neal!
Quick and concise information that's direct and extremely informative. I love this channel.
I appreciate that and thank you for all the support!
Always appreciate your videos and info, brother. thank you.
You can also use an HSA account like an IRA. There’s no penalty if you take money out when you’re 65 or older for any reason, but you’d have to pay taxes on any money not used for medical purposes.
Smart😉😉
Excellent information. Thanks so much ! 👍🏽
Thank you for all the support Tony!
Thank you so much for sharing your knowledge ❤
Pure gold. Thank you!
Great Tips, Thanks as always for the info.
happy new year Brian from a fellow Chicagoan, thanks for all the content (i noticed your close to that 2m sub mark too, keep going)
It’s been a warm winter here in Chicago!
Thanks for the video brother BK
thanks man, may have been the best 15 minutes I spent all year
Thank you for this.
Thank you! I like that you were straight to the point and I learned so much from this short video Great information!
I used to itemize my deductions and really cut down my tax obligation... that was until the IRS raised the standard deduction a few years ago and my deductions always come up just short now.
You may be happy on 1/1/26.
@@HOLDXSTEEL On the other hand the Standard Deduction is helpfully high for those with low income and those who never itemized anyways which were most filers. So I agree, thank you Trump.
I'm confused... Are you complaining that your taxes are easier to do now? And you're still getting the same deduction or better for less work
Thank you Brian!
Happy New Year 2024, Brian! Hope itʻs a prosperous one for you. Stay healthy! 😎
Happy New Year La Reina!
Very good information! Thank you so much!
First time watching any of this guys vids and subscribed immediately after...i love how this guy explains the loopholes nice and clear and gives examples for each loophole (especially useful for idiots like me) lol
Great tax savings info. Thank you very much.
Excellent video and thank you !!!
Thank you for all the support eachbid!
Thank you Brian.
Thank you Brian for this helpful information.
I appreciate the support! Thank you so much!
This video is very interesting and helpful. I am going to investigate more about the ways to pay less taxes. Thank you so much.😊
very helpful! thank you!!
Love all the information thanks Brian
Thank you for all the support Rolando!
Very well put. Clear & to the point! 👏
Thank you!!!! Great info
Thank you for your videos.
Thank you for all the support K Defense!
APPRECIATE THE KNOWLEDGE ❗❗❗
Great video and loved the format!
Thank you for the feedback and support Kayla!
Thank you for your very valuable information. I appreciate 🙏 you
Thanks for the tips!!!❤
Very informative , thank you Brian
Thank you for all the support Shan!
SO GOOD!! Thank you!
Thank you for your valuable information. You are the best!!
Happy new year Brian ! Let’s get some new money !
Happy New Year Beast Mode!
My second scenario is very similar to the first one "You purchase the stocks but you do not sell them after the first year and in year two you find out you're getting a raise should you sell the stocks before you get your raise or will you still be disqualified because you will have to wait until the next year to file your taxes and at that point it will show that you're above the allowable income for the tax break."
❤ thank you in advance for your response 😊
Outstanding video! Thank you.
This is one greatest video from you and with all good diagrams
Yes, I was excited to post this one because of the visual assistance.
you're one of the no bullshit channels. Very cool, I would like to learn more about 529 Plans if you get the chance, thank you
That was really great information. Thanks for providing this! I always love keeping more of my own money. I believe I can spend it far better than the government ever could.
Thank you so much!
Thank you for all the support Nicki!
Can you talk more about the new 8300 irs form? I’m confused about it and I really appreciate how you explain things. Thanks for the info
Thank you Brian!!!
Thanks for the info Brian! I'm studying for the CPA exam and everything you're saying is true and accurate and actually works! 💪
Best wishes on the CPA exam Fast Rambo! I'm rooting for you! Let me know how it goes!
@@clearvaluetax9382 Thanks Brian! I appreciate it! I passed REG with an 87! So I'm moving on to BEC TCP next! I'll let you know when I pass everything though! 💪
Thanks Brian 😊 😊
Ty you're the best.
Great video, as always! Thank you!
We love you, Brian!
Thank you for all the love and support, I wish you a Happy New Year!
My Father was an Accountant. He would be very proud of you.
Thank you for those kind words Rick. I appreciate the support so much!
Great video Brian!
Excellent as always 👌
Thank you for your videos. Happy New Year
Happy Nee Year Marsbeads!
Bro these visual illustrations are unreal!
This is amazing info 🎉 .Thank you
Thank you so much for this information. You are clear, speak in lay terms and make complicated issues easier to understand. I am following you.
Great info as as always👍
Thank you for that feedback and all the support FreeSoul! I appreciate it very much!
@@clearvaluetax9382 😄
Great tip. Thanks
Thanks again Brain
wow very interesting information explained very smoothly.. thank you, you are the best ❤
Thank you!
Very informative video Brian.
Thank you!!!!!
THANK YOU!
Can you please cover more details on the side hustle part? Thank you!
Happy New Year Brian!
Thanks for the info, Brian! And also, watch your six! 😂
Awesome video! I didn’t know about some of these. Texas has no state income tax, but where they will get you is the property tax 😂
Property taxes have changed in Texas. 2023
You are surely an expert. 💯👍
Hi, Brian. Happy New Year!!!
Happy New Year Sherry!
Excellent! Thank you.
Stunning!
Great content in this video. Thank you
This is pure gold
Great info. You deserve my subscribe
Thank you for subscribing and all the support, I appreciate it so much!
Great tips! .✅✅✅✅✅
great video!!
Will you make a more detailed tutorial on making these write offs on the side hustles?
Yes, I would love to make that video soon!
Amazing video! Damn you know your Shzzzt!
Thank you.
I love you brother, you are doing the lords work. thank you for your service
Can the long term capital gains tax exclusion be applied to land that was purchased as an investment? Love your UA-cam channel! Keep up the great work! 👍
Yes, but those income thresholds would still apply.
Some of those zero tax states have crazy power blackouts and massive charges for power when it's needed most. I don't think Tennessee is in this category, but please correct me if wrong.
😉 “legally”
JK, appreciate all your advice that’s worth more than gold. Happy New Year 🎉
Happy New Year Joseph!