It's actually when two gears in mesh are rotating in opposite directions. If you lift up the rear of your car, assuming it is rear wheel drive, and turn one of the wheels by hand, you will notice that the wheel on the opposite side rotates in the opposite direction. This is due to the negative gearing of your rear differential. Fuck learning about stocks and shit, learn about cars instead.
Jesus loves you!✝️ He died and rose again so that He may have eternal life with each of us. Died with everyone of us in mind. He loves us. A true Father that will never let us down or hold us back. He only wants the best according to His Will, Purpose, and Plan for us!! He will never give up on us, no matter what or how guilty we feel. There is nothing that we could ever do that could separate us from the Love of God✝️
The negative gearing issue in Australia is actually really interesting. Just in terms of how fucked it is. I know Big A likes to dunk on other western countries whos economies are propped up by a hoising bubble (as a joke i know), but id love to wath his reaction to watching a video on the topic. I think he'd find it hilarious how bad it is. So maybe if we can get a big loss in the Australian housing market we can make it into another marketing Monday. I loved watching him cover the Woolworths/Coles debacle so fingers crossed.
It’s kind of a mixed policy. One one hand, it encourages more building of houses, which can help lower the price of a house. On the other hand, it encourages more renting, which many people obviously hate. I dunno, whether it’s good or bad, but I personally feel that a lot of Australia’s housing price issues are caused by difficulty creating houses (whether it be historical restrictions, developmental restrictions and land availability).
At least y'all Australians have a third supermarket competitor, here in NZ it's Woolworths and FoodStuffs (F.S owns all the other supermarket chains in NZ)
Just some more info on negative gearing, it has been something that has been allowed for a long time. Most people believe that it contributes to our high house prices in Australia. However one of the major parties (Labour) tried taking a policy of ending negative gearing to an election and lost. Now neither of the political parties are willing to touch it , meanwhile Australian homes remain some of the least affordable in the world.
Also essentially it's essential if you don't want to be taxed at the highest rate as it kicks in really early in Australia. Plus no incentive to sell non performing houses, just claim it as a loss to offset income tax.
@@lennylikesmusicjust checking that you realise that we have a progressive tax system and it's never an issue to be Ina higher tax bracket, just cause so many people don't know this. Only dollars earned above the next tax bracket are taxed at that rate, so I don't understand why anybody would avoid going into a higher tax bracket, it is still more money to you
@@redmondhenry398 If you're making some money that should be taxed at a higher rate, but you've used tax law to put that income in the lower bracket, that's more money at a lower rate. This is true of every progressive tax system afaik
Also, it's not just in place for landlords to be gratuitous and take a loss. They will still seek a profit, and negative gearing (as well as the 50% CGT discount) makes capital gain a far more favourable outcome than good cash flow. Meaning the market is incentivised to push prices further as they stand to gain a disproportionate return in investment via capital gain vs income. Negative gearing also encourages the use of debt and leverage (thus increasing prices because people don't have to compete so much for low cost mortgaged), because whatever loss you incur from an expensive mortgage will be discounted by your marginal rate. At the top bracket, you are essentially reducing your cost of borrowing by 45%, while standing to gain a lot through appreciating prices. This removes incentive to bargain for lower prices and/or meaningfully contribute to supply, leading to shortages and super high costs. To remove negative gearing would be political suicide because 1) the real estate industry and its constituents (including many non commercial investors) would be upset, and 2) landlords would have to raise their rents even higher - both ends of the political spectrum would throw a tantrum
@@Nate77HK the point is it's not really at a higher rate, each dollar you earn more is taxed at a higher rate, but writing it off by losing money isn't actually beneficial (unless you are specifically committing Fraud as to how much money you are losing)
I wrote my thesis on the math behind how the go about selecting who is going to be audited. It’s not entirely random but it’s also not an algorithm. Pretty interesting.
So for canada, primary residence property is free from capital gains tax. This is why we cant claim mortgage interest costs on it. People who run businesses, or who have investment properties can claim those taxes. But then you pay capital gains on any and all appreciation of said property. Cap gains is 50% taxable at top marginal rate applicable to the person. So given valuation increases thats almost guaranteed to push you towards 53% of 50% on appreciation. And this is appreciation before fees like realtors, mortgage break fees, lawyers, property tax land transfer tax etc. Underpinning airbnb and landlord BRRRR cash flow issues in canada has been significant appreciation values that arent taxed until gains are realized. So yeah....
5:51 if he does want to do that then I’d recommend doing it with futures. It’s a very viable strategy to buy 1 front option and sell 2 second option and buy 1 3 option or vice versa in what’s known as butterfly. It’s actually a very safe way to trade options because it reduces your risk by 100x. Also side note. When you do this most of the time your not betting on the price of the future contact but rather the volatility
There’s a way to mimic buying and shorting a stock with options. You buy a call and put option at the same price of a stock. The risk is you paid a premium for both options so that’s how much you could lose. You will only profit if the price either goes up or goes down by a lot enough for you to earn the amount you paid for the contracts and to profit some. It’s still really risky. If the stock price is flat when your options expire then you lose money.
It doesn't work now but man, back in 2023 when the market was chaotic as hell you could just buy a iron condor on spx everyday and be up like 2k every month
I hate our tax system so much. In other countries there IRS equivalent sends out a paper with all those numbers like income and stuff pre filled out. Your employer has already been sending what you make all year to the government so they have the numbers for the most part and if anything is wrong on the paper you can adjust it when filing.
Funnily enough the combined factors of nearly doubling the standard deduction in 2018 and the 2-3% mortgage rates and refinancing spree from 2020-2021 massively cut down on mortgage interest fraud. No sense committing fraud when all your deductions are less than $27,700 for a married filing jointly couple.
The idea of negative gearing is that investors are likely to have lower prices for rent because they can offset any losses against their other income. This also means that the investor themselves are also taking on the cost of paying off the asset. If there was no negative gearing, all investors would push the entire cost of owning the asset onto the rentors driving up rental costs during a rental crisis. The problem is that negative gearing promotes using properties as investments rather than being on the market as a home. Housing prices are driven up as there is greater demand of purchasers per house on the market, especially when investors are purchasing more than one property.
1:13 my sister asked this exact question of my father while looking for a home…she ended up moving to her “first” home while renting out her boyfriend house which is just under his name
4:35 Isn't that how it's supposed to work though? The landlord keeps the property after paying off the mortgage. The one renting doesn't get shit after he moves out. Of course mortgage should be more
Claiming that you live in a house that you're renting out for tax savings makes no sense: as a landlord, you get to deduct the full taxes and mortgage as business expenses (not necessarily the case if you're living there) AND you get a depreciation deduction. From a tax perspective, the only benefit to claiming that you're living in the house is maybe you don't report the rent income.
Honestly I see no reason why I would need to pay my student loan back any quicker. I got my monthly payment down to dollars a month. The government can get their money back in a couple of decades💯
Depends, if your interest rate is low, it probably isn't worth it to pay it off early. But if your interest rate is 8%+, its more worth it to pay it off now than spend spare money on other things that make money (investments, mutual funds, etc). Atrioc gave this advice in a segment a few days ago.
How to how more time. Uninstall UA-cam tiktok and any video app. Your new dopamine thing to do while you're doing nothing is reading books and your attention span is fixed.
He died and rose again so that He may have eternal life with each of us. Died with everyone of us in mind. He loves us. A true Father that will never let us down or hold us back. He only wants the best according to His Will, Purpose, and Plan for us!! He will never give up on us, no matter what or how guilty we feel. There is nothing that we could ever do that could separate us from the Love of God✝️
Brooooo can’t believe no one told me fraud was illegal until now 😭😭😭
Wow, if noone told you yet, your friends must be real... frauds
it’s ok if you didn’t know just tell them. i’m sure the irs is very forgiving :)
It's not fraud if you act stupid. Nah you'll still get boned by the government
3:30 negative gearing is when you accidentally shift into - 1st gear when driving
Isn’t that just R?
@@TimeConvolution no? Have you seen a car before?
MONEY SHIFT
@@TimeConvolutionmanual
It's actually when two gears in mesh are rotating in opposite directions. If you lift up the rear of your car, assuming it is rear wheel drive, and turn one of the wheels by hand, you will notice that the wheel on the opposite side rotates in the opposite direction. This is due to the negative gearing of your rear differential. Fuck learning about stocks and shit, learn about cars instead.
hush lil bro
It’s too late he already told them our secret.
If you stare deep enough into the void, eventually the void will start to stare back.
Jesus loves you!✝️
He died and rose again so that He may have eternal life with each of us. Died with everyone of us in mind. He loves us. A true Father that will never let us down or hold us back. He only wants the best according to His Will, Purpose, and Plan for us!! He will never give up on us, no matter what or how guilty we feel. There is nothing that we could ever do that could separate us from the Love of God✝️
The negative gearing issue in Australia is actually really interesting. Just in terms of how fucked it is. I know Big A likes to dunk on other western countries whos economies are propped up by a hoising bubble (as a joke i know), but id love to wath his reaction to watching a video on the topic. I think he'd find it hilarious how bad it is. So maybe if we can get a big loss in the Australian housing market we can make it into another marketing Monday. I loved watching him cover the Woolworths/Coles debacle so fingers crossed.
It’s kind of a mixed policy.
One one hand, it encourages more building of houses, which can help lower the price of a house.
On the other hand, it encourages more renting, which many people obviously hate.
I dunno, whether it’s good or bad, but I personally feel that a lot of Australia’s housing price issues are caused by difficulty creating houses (whether it be historical restrictions, developmental restrictions and land availability).
At least y'all Australians have a third supermarket competitor, here in NZ it's Woolworths and FoodStuffs (F.S owns all the other supermarket chains in NZ)
Just some more info on negative gearing, it has been something that has been allowed for a long time. Most people believe that it contributes to our high house prices in Australia. However one of the major parties (Labour) tried taking a policy of ending negative gearing to an election and lost. Now neither of the political parties are willing to touch it , meanwhile Australian homes remain some of the least affordable in the world.
Also essentially it's essential if you don't want to be taxed at the highest rate as it kicks in really early in Australia. Plus no incentive to sell non performing houses, just claim it as a loss to offset income tax.
@@lennylikesmusicjust checking that you realise that we have a progressive tax system and it's never an issue to be Ina higher tax bracket, just cause so many people don't know this. Only dollars earned above the next tax bracket are taxed at that rate, so I don't understand why anybody would avoid going into a higher tax bracket, it is still more money to you
@@redmondhenry398 If you're making some money that should be taxed at a higher rate, but you've used tax law to put that income in the lower bracket, that's more money at a lower rate. This is true of every progressive tax system afaik
Also, it's not just in place for landlords to be gratuitous and take a loss. They will still seek a profit, and negative gearing (as well as the 50% CGT discount) makes capital gain a far more favourable outcome than good cash flow. Meaning the market is incentivised to push prices further as they stand to gain a disproportionate return in investment via capital gain vs income.
Negative gearing also encourages the use of debt and leverage (thus increasing prices because people don't have to compete so much for low cost mortgaged), because whatever loss you incur from an expensive mortgage will be discounted by your marginal rate. At the top bracket, you are essentially reducing your cost of borrowing by 45%, while standing to gain a lot through appreciating prices. This removes incentive to bargain for lower prices and/or meaningfully contribute to supply, leading to shortages and super high costs.
To remove negative gearing would be political suicide because 1) the real estate industry and its constituents (including many non commercial investors) would be upset, and 2) landlords would have to raise their rents even higher - both ends of the political spectrum would throw a tantrum
@@Nate77HK the point is it's not really at a higher rate, each dollar you earn more is taxed at a higher rate, but writing it off by losing money isn't actually beneficial (unless you are specifically committing Fraud as to how much money you are losing)
I don’t know that there’s anything I like more than tax fraud.
I wrote my thesis on the math behind how the go about selecting who is going to be audited. It’s not entirely random but it’s also not an algorithm. Pretty interesting.
I would love to read this! Is it public?
Unironically the irs freefile tip was fire. Thanks broski
Wait that chat highlight thing isn't an edit???
Actually not, it's a tool. I thought the same at first as a clip watcher. But now I see it in the cods as well xD
i got jebaited
it's an edit, he's a little jokester
Fairly certain its a tool he has where he manually selects the messages and they will display on screen.
It was originally an edit and then Otto made a tool to do it manually live
draft kings dosnt accept klarna or after pay but it does accept apple pay later
So for canada, primary residence property is free from capital gains tax. This is why we cant claim mortgage interest costs on it. People who run businesses, or who have investment properties can claim those taxes. But then you pay capital gains on any and all appreciation of said property. Cap gains is 50% taxable at top marginal rate applicable to the person. So given valuation increases thats almost guaranteed to push you towards 53% of 50% on appreciation. And this is appreciation before fees like realtors, mortgage break fees, lawyers, property tax land transfer tax etc.
Underpinning airbnb and landlord BRRRR cash flow issues in canada has been significant appreciation values that arent taxed until gains are realized.
So yeah....
2:16 God this makes me feel better about my taxes situation
5:51 if he does want to do that then I’d recommend doing it with futures. It’s a very viable strategy to buy 1 front option and sell 2 second option and buy 1 3 option or vice versa in what’s known as butterfly. It’s actually a very safe way to trade options because it reduces your risk by 100x. Also side note. When you do this most of the time your not betting on the price of the future contact but rather the volatility
blessed be thou when atrioc uploads
5:40 some guy just reinvented reinsurance
wow big atrioc! big video!
i went to the hospital in the middle of the video but i've come back 7 hours later to finish my lecture. thank you big a clips
There’s a way to mimic buying and shorting a stock with options. You buy a call and put option at the same price of a stock. The risk is you paid a premium for both options so that’s how much you could lose. You will only profit if the price either goes up or goes down by a lot enough for you to earn the amount you paid for the contracts and to profit some. It’s still really risky. If the stock price is flat when your options expire then you lose money.
It doesn't work now but man, back in 2023 when the market was chaotic as hell you could just buy a iron condor on spx everyday and be up like 2k every month
I thought the highlighted messages where added in post POG
5:36 That's just having cash, but worse
I hate our tax system so much. In other countries there IRS equivalent sends out a paper with all those numbers like income and stuff pre filled out. Your employer has already been sending what you make all year to the government so they have the numbers for the most part and if anything is wrong on the paper you can adjust it when filing.
Funnily enough the combined factors of nearly doubling the standard deduction in 2018 and the 2-3% mortgage rates and refinancing spree from 2020-2021 massively cut down on mortgage interest fraud. No sense committing fraud when all your deductions are less than $27,700 for a married filing jointly couple.
The idea of negative gearing is that investors are likely to have lower prices for rent because they can offset any losses against their other income. This also means that the investor themselves are also taking on the cost of paying off the asset. If there was no negative gearing, all investors would push the entire cost of owning the asset onto the rentors driving up rental costs during a rental crisis.
The problem is that negative gearing promotes using properties as investments rather than being on the market as a home. Housing prices are driven up as there is greater demand of purchasers per house on the market, especially when investors are purchasing more than one property.
i get ALL my financial advice for atrioc
4:36 the rich even prop up bitcoin
. And can print teehter out air😂
1:13 my sister asked this exact question of my father while looking for a home…she ended up moving to her “first” home while renting out her boyfriend house which is just under his name
Atrioc fraudmaxxing
Cool new outro music
4:35 Isn't that how it's supposed to work though?
The landlord keeps the property after paying off the mortgage.
The one renting doesn't get shit after he moves out.
Of course mortgage should be more
The IRS isn't going to audit someone making grad school money.
Social media is our generation’s leaded gasoline/paint
Tax avoidance is not tax evasion
Really thought the one tip was going to be to watch marketing Monday
bro i think smoking is the smoking of our generation 😂
Why did Big A Clips gatekeep the chat highlight ai plug in
Claiming that you live in a house that you're renting out for tax savings makes no sense: as a landlord, you get to deduct the full taxes and mortgage as business expenses (not necessarily the case if you're living there) AND you get a depreciation deduction. From a tax perspective, the only benefit to claiming that you're living in the house is maybe you don't report the rent income.
Big A trynna financially cripple all the gambling addicts
i miss the old outro music :(
All jokes aside. What is the software you are using to highlight chat messages? Been thinking about using it myself but haven't found the software
8:29 now is a good time to stop the video and go to bed. stay health gamers ua-cam.com/users/shortst3l8_iYA7rk
My band teacher just bought her house tdy lmao
Ok but fr does anyone know how he does that thing where he brings up chat messages? It’s so cool
To be a resident you just have to stay there like a few months out of the year. You can literally have multiple residents it’s not that hard.
I had to pay 13K in taxes and they still came for me for $90. The IRS tool said I’d get $3k back
Remember kids, only commit tax fraud if you are a billionaire or a politician. Otherwise IRS will get your ass
The IRS isn’t even that smart LOL
I think smoking will be the smoking of our generation
Ok but when’s house
good vid big a
Bro i cant find that ai tool thats at the end that you said
I better not see myself in this video bro Big A roasted me during this stream for literally no reason.
Honest question what happens if I don’t do them. No fraud just lazy. They just going send a letter then I pay
@@LiveType so work a normal job and I’m good
Don’t drop the method.
Honestly I see no reason why I would need to pay my student loan back any quicker. I got my monthly payment down to dollars a month. The government can get their money back in a couple of decades💯
Depends, if your interest rate is low, it probably isn't worth it to pay it off early. But if your interest rate is 8%+, its more worth it to pay it off now than spend spare money on other things that make money (investments, mutual funds, etc).
Atrioc gave this advice in a segment a few days ago.
nice
you beat me to it
at least im replying before bots, if they even comment on this channel
How to how more time. Uninstall UA-cam tiktok and any video app. Your new dopamine thing to do while you're doing nothing is reading books and your attention span is fixed.
then pray you dont get audited
Hi atioc
Did Atrioc misspeak? What do you mean you shouldn't be paying any taxes at all on 120k$/yr salary?
he said "under 20K", not 120k
@@DynamoTwentyTwo ohh gotcha thanks
No more yapping
Hi friends I am a vod frog :)
He died and rose again so that He may have eternal life with each of us. Died with everyone of us in mind. He loves us. A true Father that will never let us down or hold us back. He only wants the best according to His Will, Purpose, and Plan for us!! He will never give up on us, no matter what or how guilty we feel. There is nothing that we could ever do that could separate us from the Love of God✝️
Wow. 15 comments and none of them are funny. Y’all have really fallen off.
Come to aus and I'll teach you how weak we are glizzy fingers