You never own property. The government owns it and they let you live on it as long as you pay your government rent. If you improve their land, ie; build a house on it, using after tax dollars, they increase your rent!
As much as my failed state is failed, we were able to resist the property tax. Still the average worker pays 50% before shaving off another 20% when spending. I try do to most of my spending outside of the system, to at least alleviate the ass pounding.
However, it seems, since "Basements" don't get "Measured" for "Taxable Square Footage", maybe the issue is the Building ABOVE Ground! Time to build Down?
Does this mean theft is Immoral ?? I have a different spin. The Only theft which is Moral is government taxation , but ONLY when the wealthy and super wealthy are taxed, Never the middle class or poor. What the hell kind of Ethics is this ?? Answer : It's called " Robin Hood Ethics."
Tax on garage sales, tax on buying donated goods, tax for education, tax on parking, tax on medical care... The Beatles had it: “Yeah, I’m The Taxman...”!
Death duties a tax on the DEAD! Taxes on cremations, taxes on funerals, taxes on burials, even graves have taxes. One day you'll find out. Many taxes are a form of legal theft that you have to pay or throw a double six.
@@PhoenixWoodytoo bad, it will come out of your purchasing power. Enjoy a minimum of 20% reduction in purchasing power every decade….. It’ll be more but the promise is at least 2% a year….if they take more, they prob won’t even apologize.
@@cultleader3572 that’s why I said minnimum. They tell you they only plan on 2%….anything over that is “oh well…sorry for robbing you.” Hahaha. They straight up tell us you are guaranteed in the best case to lose 20% or more cold your purchasing power every 10 years and everyone just gives the thumbs up. Hahahah.
Yet another incentive toward “real assets” (homes, precious metals, etc) because investments which only keep up with inflation are still taking on the market risk.
#1. STOP working jobs that DO NOT pay you in CASH MONEY, and request your tax ID NUMBER (SOCIAL SECURITY CARD NUMBER), work construction farming jobs like the ILLEGAL IMMIGRANTS DO! #2 want to own a home? buy undeveloped land with lots of trees. clear a spot in there and dig a DEEP HOLE. then build an underground bunker, and cover the entrance. THEN AND ONLY THEN get a building permit IF REQUIRED, and build the smallest 1 bedroom you can , on a concrete slab.put a closet over the entrance to the bunker. after the final building inspection, bust out the closet floor. place a hydrollic forklift mast at the bottom. build a replacement concrete slab on the forklift platform so it will replace the whole closet floor. the idea is to leave the closet floor bare so there is a "transition " on the edge of the flooring for the closet floor to touch. NO ONE should be able to tell that the original slab has been modified!! #3. your property tax is based on the above the ground buildings, THEY KNOW NOTHING ABOUT WHAT IS UNDER GROUND. DO ALL THE WORK YOURSELF, OR PAY ILLEGALS CASH MONEY FOR THEIR LABOR!! #4.GROW A GARDEN AND LEARN CANNING. THEY CANT TAX YOU ON WHAT YOU DO NOT BUT. #5. THE DEPrtment of agriculture will build you a "farm pond" for free! also will build a green house for free(have to plant crops in the ground only as purpose is growing season extension), they provide x amount of $ and you can spend that or add some $ to it. #6. NEVER EVER use GRID TIE SOLAR. place your panels very close to the ground so you can clean them easily. preferable to place on a trailer with wheels to NOT be taxed on them as an property improvement . #7. you have the option to dig outward from inside your bunker to expand it, CONCRETE IS YOUR FRIEND! #8. pretend to be POOR, drive old rust bucket cars, have an extra one in case of break downs. learn to repair it yourself! #9. when building a deck or porch onto your house, DO NOT ATTACH IT TO THE HOUSE!! leave the required inches and YOU CANT BE TAXED!! #10 buy an outside boiler to heat your house, and hot water. you can burn cardboard, paper, old wooden furniture or even garbage to heat on warm days. EVEN TIRES! ALL THIS STUFF I HAVE DONE MYSELF, I HAVE PAID INCOME TAXES JUST 2 TIMES IN MY ENTIRE LIFE AND IM 65 YEARS OLD!! ALSO IM MARRIED TO STEFFY!!
Great info but sad to think about how we have to go to such extreme lengths just to protect ourselves from the government and their greedy tax code. I am sure some of that is probably considered fraudulent or illegal under some administrative law because the federal government has created a police state and a welfare state. If one were to avoid taxes in Steffy’s way, they should not be inviting the government onto their property in the case of Steffy’s #5 suggestion. Just on principle alone, I wouldn’t try taking taxpayer’s money from government programs if I could figure out a way not to pay into it in the first place. Don’t get me wrong, I wholeheartedly appreciate what Steffy is saying but I worked hard to earn the nice things I have… I should be able to keep the government from taking advantage of me over and over, when I paid for most of their mistakes.
If a free man keeps 100% of the fruits of their labor and a slave 0%, then paying 50% or more of your income to the government makes you more a slave than a citizen. By definition. And yet so many people not only willing accept this situation, but they even proselytize for its expansion.
As an individual you want to study the second part of the code, however parts of it can direct you to the first. I tried studying it at my local law library in my state's supreme court building. I recommend that you buy a soft bound copy so that you have the entire code in one book, not a dozen or more books. The code is deliberately scrambled to make it difficult to follow so you must be willing to persist until you understand. The code is definition after definition after definition. You must understand the concept of "includes" as it is used throughout the code to define things. Draw a circle and write the word "included" within that circle. You must understand that anything not included is automatically excluded.
This is nuts! I'm a 20 y/o guy and until you said this, I had no idea that you're required to pay taxes on what was ALREADY TAXES!!! If it's this bad already, my generation is hopeless.
@@nirmalkarthik5892people that make stuff to sell it , first pay taxes on the material. Then the business buying it to sell to the public also pays a tax. Then the person purchasing the product ALSO pays a tax …if this isn’t a scam I don’t know what is 🤷
Good news & bad news. You're not taxed on the social security that comes out of your paycheck while working, in fact it's considered a Tax. That's the good news. The bad news is, not only do you pay income taxes on the social security money they took from you during your working years, the money has lost more than 80% of it's value over those 35 years you've worked.
No, Americans did not vote for those tax brackets we vote for people who say they are going to reduce spending and taxes, then get there and raise spending and taxes. You cannot find a single American who will tell you, yes, I'm all for giving this government more of my money to spend on crap I don't want them spending it on.
Unfortunately there are millions of Americans that have been brainwashed into believing that higher taxes, more taxes and government spending on foreign conflicts, untracked social programs, bailouts, etc. are good for the country
I've lived in America and Canada. Paid about the same in taxes but get way more for my taxes in Canada. Most Americans hate the government (hate giving them their money even more) because they've never experienced good governance.
I honestly think America needs a completely restructure of their political system. It is just not working. Trump and Biden being elected out of 300 million people to run the country is evidence for that too.
This is why the US should elect more progressive politicians, who know how to manage budgets and give us (yes, pur country's initials literally spell out that pronoun) much better tax credits in return for better public education and better public healthcare. but since these are nonexistent, my husband and I are being guided to finance our retirement and healthcare through a diversified investment portfolio
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Slavery, Indentured Servitude, Serfdom, etc., was never abolished. They just merged together and transformed into the Modern Day debt slave Economy, where everyone needs debt to survive. Car loan, Housing Loan, Student Loan, Credit Card Loan, along with high cost of Medical, Home, & Auto Insurances. You work from age 18 to age 62, about 44 years of your Life, and half of it, is just for paying Taxes & Debt off for all the things you need to survive in this Modern century. Plus, when you die, and pass on everything you worked for to your Children, they have to pay an inheritance tax on that. And you call America the "Land of the Free, Home of the Brave", what a complete joke.
Only 18 to 62? I started working when I was 15, & SS + Medicare will be gone before I reach 62. I will be working until I drop, and so will most people still working today. Even those that are retireed will have to go back to work when Inflation outpaces SS.
While I support your statements, I have to point out that most people will never have enough to have to pay an estate/inheritance tax since it is in the millions in most cases (there are some states that also have an inheritance tax and have their own laws).
Right! Anything I can't opt out of. I asked my university what the $7 card maintenance fee did for me( student id). Was told it was required. I asked again. It is used to maintain your card. Sigh.
Don't forget that they devalue your money by printing, and then tax you on those new dollars. If your portfolio has kept up with inflation, those gains are taxxed. The inflated house you bought? Property taxes increase.
Sadly, my city instituted a 'seems like' year a house was built, instead of the actual year, so they can increase the 'value' which increases the taxes. What a rip.
I opened a bakery and petting zoo on our property I get great deductions On all of the things I already enjoyed My gardening, animals, my coffee and car expenses on our extra vehicles I drained most of our useless retirement accts and got my burden down with the deductions This is the last big tax bill I’ll have We’re gearing up for retirement The business and my husbands SS will cover our lifestyle nicely No debt And we grow a lot of our own food Make our own electricity
Income earning sucker by choice, to limit the courts greedy grabbing by my e children’s mom. Now it’s time to get the business booming!! Since politics are for sale, my business should be in the bidding!!!
Well done Joe! 1913 is when we lost our Republic. The creation of the Fed and Income tax killed our ability to be free. It accelerated when we were taken off the gold standard with an added tax of inflation. Great time to consider gold and silver to lock in purchase power.
These frequent tax code changes are disrupting my long-term investment strategies. Are there ways to structure my investments to be more resilient to potential tax code modifications?
Tax code changes taught me to you can build resilience into my portfolio. Diversification is key! My set manager helped me spread my investments across different asset classes like stocks, bonds, and real estate so that a positive tax code cha age here can help minimize the impact of aa negative tax code change there adjustments.
I agree. Based on personal experience working with a financial manager, I currently have ($2million) in a well-diversified portfolio that has experienced exponential growth from when i started. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
I work with Sonya Lee Mitchell as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.
For the record, the Civil War was never formally declared over we have been under a militarized martial law version of the United States since the Civil War, which is illustrated by our military flag, is the only flag that any Americans are even aware of. Your military flag only flies in times of martial law, a.k.a. military rule. Civil flags are wet fly during times of peace and there hasn’t been that flag flying since Lincoln. We are all chattel slaves in America, born into servitude, our parents signed away our sovereignty by applying for birth certificates and Social Security cards, which register their children as property of the state! We’ve all been bamboozled, we are all slaves! Rise up! Stop paying!
What happens if we don't pay? You're going to pay one way or the other. The IRS will take all that you own. Maybe that's why people sell their homes and get an RV and travel constantly when they retire?
@graymatter…..Register your BC NAME as your DBA/Assumed Name Certificate (via the MN SOS Office, online for $50/yr) to separate you, the living man or woman, from the CORPORATE BC NAME and you are then free! The judges, Police, irs, Sheriffs, Corporations, etc., are ALL dealing with your CORPORATE BC NAME, not you, the living man or woman, because a fiction can ONLY deal with another fiction (dead entity! Every letter or bill you get, checking accounts, credit cards, DL, ID, Cemetery Grave Markers, are all fictional/dead entities (not alive!) With your DBA of the BUSINESS NAME (Short Form BC NAME) using your local Dept of Motor Vehicle’s business address (because ALL birth certificates were transferred to the Federal Dept of Transportation, forcing you into Commerce/Commercial activity, without your knowledge or consent….(See: Jordan Maxwell videos on YT), as your BUSINESS NAME and ADDRESS, with the Owner being you (Last Name first, then First Name and Middle Name in upper and lower case letters, using your mailing address), and you have separated yourself from their BUSINESS NAME! Does any other Entity have the authority to administrate your BUSINESS NAME, after you have registered it with the MN SOS’s Office? NO! (You don’t need to live in MN, either!) Peace out!
@@gg80108 They were done. Some wanted to keep going, but it was over. They were no match for the conventional open field fighting, but had they been using more guerilla tactics, they could've kept going longer and maybe the north would've lost their will to continue fighting. Who knows what might've happened.
My portfolio doesn’t just cater to dividend stocks. I hold $VFIAX (S&P 500 index fund) in my Roth IRA and $VTI (Total Stock Market ETF) in my taxable brokerage account. Two of my largest holdings. The individual dividend stock positions all complement the index holdings.
true, despite having no prior investing knowledge, I started investing before the pandemic and pulled in a profit of approximately 950k that same year. In reality, all I was doing was getting professional advice.
''Jessica Lee Horst'' is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Liechtenstein has a 1.2% federal income tax and a 12% corporate tax and the GDP per capita is about 100,000 dollars. The prince their says that government exists to serve the people, not vice versa.
Perhaps that only works when you have a country the size of Vatican city. And how exactly are the citizens that live in Liechtenstein able to work in Germany and not pay income tax? I've been to your country though...it's beautiful.
“Nameless is Blameless!” We need to stop using phrases like: “the government”, “the IRS”, “politicians,” etc. We must name ALL the people responsible for our difficulties - no matter the list length…!
When i was an NJDEP Gubmint shlub, my fudgeups were my own. If someone else did, i would apologize to the public because "we" fudged up. I was one of the few who exhibited such behavior. Everyone else would bury their own failings in the unaccountable "bureau". (your tax dollars at waste)
They passed that amendment while most of congress was at home celebrating Christmas With it came the irs and the federal reserve banks basically handing over the control of money from the people to private bankers We’re tax slaves to banks and the government works in the interests of the banks
You actually gave up your right NOT to pay taxes by accepting the benefit of becoming a US citizen, who is a taxpayer. The constitution has been out of the picture since at least 1933. You're dealing with a corporation club that you gave up your rights to be a member of.
I love Jesus and he is my everything. I've repented of my sins. still a sinner but don't practice sin anymore. I'm with you. I pray everyday HE will come back now. This world is so dark and demonic and there isn't anything I want or need from this world. Stay reading the word daily,praying and fasting. See you in heaven bro!
1. Video title is very misleading. If viewers apply this advice, it will not absolve them of all tax obligations. 2. Your advice to your viewers is to run failing real estate side hustles to reduce taxable income? For the amount of effort it would take to launch and manage a real-estate side hustle to reduce taxable income by roughly 25% each year doesn’t sound worth it. Real Estate takes ALOT of effort, time, and elbow grease.
Or just move to a low property tax area. If you have a lot of land, you can apply either farm-use: havest Hay from a pasture, or forestry if its mostly woodland, presuming your land is zone for Agraculture
If only we could just be free and didn’t have to worry about “loopholes”. The only tax that is worth having is sales tax. Everything else is direct theft. We literally own nothing, because of taxes
Sales tax is a pretty regressive tax though, in truth. It disproportionately effects the lower earners. As much as I hate paying taxes that get absolutely wasted by government, a straight income tax without loopholes that's bracketed fairly would be the most fair way to tax. (I have basically zero write-offs, I'm not advocating to cough up my own money)
@@johnuppole really any tax is theft. The govt provides really no value. Really no taxes would make the govt provide value. You pay for your license, registrations, all sorts of fees in addition to taxes for any govt service, the govt would still be getting their money. And wouldn’t have as much incentive to waste
@@johnuppoleFair is a word that needs to be dropped from the conversation on taxes. Without income tax, wealth can be felt by many more. Just my thoughts.
I know about the history of the income tax, and how much all our taxes add up against our earnings...and I wish more people (with audiences) would keep talking about it. Thanks for doing this. Love your channel.
I can teach anyone who wants to know how to read and understand the federal tax code. No charge to email a 22 page document that walks you through the code. About a 30 minute read for most. Donations are welcome. Any takers?
@@claudepotts784 This sounds right up my alley, exactly like what I’ve been thinking about. I’d be highly interested in checking this out if you’d be so kind as to forward it to me. Thank you in advance.
In California its really hard to be a contractor on 1099 if you could work at office 9-5pm M-F. What folks do not know is that you can create a SMLLC (includes spouse if married). This is a LLC for State, but a PASS THROUGH entity for federal (ie you just do 1040 with SEP worksheet). an SMLLC costs about $800 to setup and it makes you a "contractor" instead of a W2 employee. Now you can deduct auto, driving, et. al. expenses as well as home office.
"In California its really hard to be a contractor on 1099" Its pretty much the same in all of the US. You start a business like S-Corp & the employer just pays your company for services (ie Business to Business transaction). Then you use the the company for deductions: milage, meals, utilties, supplies as well as take advantage of QBI (Qualified Business Income Deduction). The only issue is that you have to pay for your own health insurance which has become incredibly expensives For a 40 year male, you pay about $500/mo for health insurance Bronze ($7K deductible). If your 50, its about $850/mo. This is way a lot of companies are replacing full time workers with multiple part time workers.
Yup, all tax deferred account are subject to change. Plus most people have an early withdrawal for an emergency which is slapped with a 10% tax penalty. Plus now inflation is started to go up.
Taxes are voluntary. Said so for years on the IRS tax guidelines printed until they got hip they were giving away their secret and people stopped paying.
As an elder millennial, one of the few advantages is having lived through the Great Recession, Election and Economy Crisis. My advice. Reduce unnecessary expenses, increase your savings by investing in financial markets and do not sell. One thing I know for sure is that diversifying your income can help insulate you from much of the craziness going on in the world.
The investment you choose isn't right or wrong, just depends on the kind of business person you are or simply the kind of person you are. However, the end game is investing money long term creates wealth every time. Just pick what you like and understand, invest and it will pay off. A lifetime of investing for 5 mil is not hard to accrue.
That's true...I'm thinking of investing in stocks or digital assets to grow my money for the first time, but I lack the in-depth knowledge and mental toughness to deal with these recurring market conditions. please any advice or pointer on how to outperform the market producing good returns
You're absolutely right! It just takes a good mindset and nerves of steel. I was deeply invested in 2020 with the economy crisis being bad, divorce and me with no job, so i had to work my savings in a well-diversified portfolio of stocks and digital assets that grew 4x with capitalization, venturing is not necessarily just about funds but also to be well informed. It's a long term plan for me so I invest and reinvest
Exactly why i enjoy my day to day market decisions being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/ analvsis they have, it's near impossible to not outperform, been using a portfolio-coach for over 2years+ and I've netted over 400k
Mind sharing info on the adviser who assisted you? been saving for pension since age 21 - company scheme. along the way I hit higher tax, so I added to my company pension with a SIPP (tax benefits) I'm 48 now and would love to grow my finance more aggressively, there are a few cars I still wish to drive, a few mega holidays, etc.
Actually, in many states, "food" purchased at a grocery store, is not subject to sales tax. Liquor and alcoholic beverages (such as beer) are taxed, but uncooked/unprepared food items such as meats, bread, eggs, water, etc. - "real food" - is not taxed.
The biggest tax loophole for s corp owners is defined benefit pension plans. These allow you to make pretty high tax deductible contributions that reduce your small business profits. The reason these plans are allowed is that really rich people, like the board of directors for corporations, want this. But you have to have limited employees to use this. Hire a pension planning firm to make sure you do this legally. The other way to get really rich, but not pay taxes is to keep reinvesting in your business and therefore keep profits low and then eventually sell the business, which will be taxed as a capital gain, at much lower tax rates. And the benefit is that you only get taxed ONCE, when you sell the business. Getting rich means turning short term "profits" into long term capital gains. And if you have any losses, you can offset the capital gains.
I'm a real estate professional, and I don't have a high income and I still pay taxes. Cost segregation and accelerated depreciation just keep you on a hamster wheel of having to 1031 into new properties every 5 years or so and doesn't really make sense for smaller properties. The usable lifespan of your furniture or the flooring isn't really relevant in a single family home or small multi. This is really the game large real estate investors play to make the numbers work, when the income sucks, if they can park money for a while and offset a tax burden they'll take a deal that essentially has zero cash flow.
On a single family, you can do a simple cost segregation yourself without much work and some benefit. However, you could also just use the tax wizards built into tax platforms and they do much of it for you. Paying someone to do it for you pretty much uses all the money saved unless the property is large multifamily. 1031 is a real pain. A lot of work but perhaps some gain for it depending on your situation.
Nah man, you aren‘t taxed like us here. Lemme tell you about our taxes in Germany: 1) 19% sales tax on everything you pay 2) Up to 45% income tax. Middle class pays around 30%. 3) Company taxes varying by regions up to over 30% 4) Flat 25% stock tax and a tax on unrealized gains 4) Additional payments you don‘t see on your payroll because the employer already pays it beforehand to the state 5) Social security/pension/healthcare which is about 1/4t of your net income. That is right. Those so called "benefits" aren‘t even part of the taxes. 6) Last but not least there are an additional thousand taxes I won‘t list. Just to give an example your car is taxed 5 times through different taxes such as fuel tax, car tax, carbon tax etc. Now adding those all together, anything the average person buys is about 19% more expensive, your median salary is here at 40k (nowhere near as high as in the US), it costs the employer about 50k due to the benefits, after all deductions you end up with like 25k. That doesn‘t even include the taxes the company had to pay. The actual tax burden here is about 60%. Believe me, you guys don‘t have it as bad.
In the end a government is just a forced investment scheme. It's just a business that somehow managed to monopolize both the creation of currency, the legal system and violence. While in theory a monopoly can be a great thing, it really depends on the skill of the workers and the mandates they adhere to. With the US, and most governments, the mandates they sell us, the workers, and the mandate they receive from their board of investors (donors/lobbyists) do no align.. at all. I believe this to be a core reason why the US is so divided today because it doesn't really matter who you vote for as policy is made by investors for investors. So the politicians/PR/HR department needs to come up with reasons why their promises do not line up with the policy the implement and the worse that contrast becomes the more important it becomes for the workforce to be diverted. It is the reason why the US is always in one moral panic or another. I think it's long overdue that if we are forced to invest in this business we call a government we should get meaningful returns instead of the current state that makes the majority of people poorer not richer. We need better transparency and better means to make government/corporate policy that benefits all its investors not just the ones with the biggest pockets or with close personal relations with those in positions of power.
I agree. It would be better if citizens could at least pick where half of the money they're forcibly taxed on was spent . That would change the world dramatically almost overnight, as most of us are just normal people who don't see the world as some game in which we have to tread on and crush others in an effort to climb to the top - or "win". We just want to live happily in harmony with others and our environment.
I bought a house a couple years ago in this crazy real estate market. It’s a manufactured home from 1989 on 3 acres. My home is ON WHEELS. It’s technically considered a vehicle. Our property tax is $5200 a year for this old trailer we live in. It is absolute robbery. It’s infuriating.
Oh, and according the Grace Commission, NONE of your tax dollars go towards any of these things you mentioned. ALL of it goes to service the interest on the currency which is issued out of thin air in the first place.
even if the argument that taxation is theft was correct, ye got to remember that the ones collecting them are not only armed and dangerous but are also the ones who own the police. Point being, it is more like robbery
Getting married might lead to wasting 50% of your money, and having kids could deplete the other 50%. All this to save money on taxes 😂. Wouldn't it be better to pay more taxes and keep 75% for yourself?
Maybe but what are you going to do? Just be a kid forever playing video games and living a hedonistic lifestyle, and then will you die and have nothing to leave behind?
If taxes are illegal or unconstitutional, then why are you telling people TO LOWER TAXES? Instead, why not tell them NOT TO PAY THEM? And how to go about Not Doing it… if this benefits everyone, why not show us how? Just an observation; is just that we have heard this before, but there is no help on how to get rid off the mafia…..
4:15 United States is not the only country. There are plenty of others, they just can't enforce it. One example is Colombia, they tax on world wide income but Colombia does not have the tax treaties and means to enforce. The only way they can enforce it is if they happen to find out somehow.
The income tax did not start with the 16th amendment. The 16th amendment granted no new taxing power. Its purpose was to make sure it was not collected by State apportionment and it moved the income tax from the direct tax category to the indirect tax category to avoid the need to make it uniform in operation. You opt in by applying to join the Social Security System. Prior to joining Social Security, the national government knew very little about you and had no direct jurisdiction over Citizens of the States. By the Census, the national government had your name, state, county, occupation, race, sex, etc. but no knowledge about how much money you made, where it was made, where you were until the next Census, etc. The only times a State Citizen met up with national jurisdiction is if he counterfeited the coin of the US, traveled to Washington, D.C., did interstate commerce, was in coastal waters, etc. Your State and your Sheriff kept national authorities out of your state. By joining Social Security, you invite the national jurisdiction into your State, violating State sovereignty. The income tax is an indirect tax in that it is measuring the amount of privilege one gets by being a subject of the US according to the 14th amendment. White people could not be brought within the meaning of the 14th amendment until they voluntarily joined Social Security. Visit talkradiomore dot you know the rest for more of the story.
The problem is that people aren’t aware that our money is not printed through the treasury with the US government and hasn’t been ….what we use is money printed by a privately owned bank…the irs is NOT a government agency…it’s a privately owned corporation that directly works for the privately owned bank to collect their taxes/interest due every year on our debt we owe to them/their paper money we use doesn’t belong to us….it belongs to the privately owned bank and they charge us interest on that for using it….the paper money even says what it is…a loan/note….we have been led to believe it’s all through the gov and it’s our money and wealth when it’s not….u have to learn to us the US treasury departments method of paying bills because it’s all prepaid by our signature…we are what they use to back their fake money via fraud and theft….so when people make gun of the whole sovereign citizen bs….ur insulting folks who see the theft and deceit and who are trying to figure out how to use out real money system through the treasury department lol….we shouldn’t be using paper money at all cuz it is why we have the national debt! Can’t stand when people gripe at me about best to use cash and blah blah and then blow me off like IM the idiot and don’t know wtf I’m talking about….ok! Keep using that fake money that even says it’s an iou on it! No wonder they get away with this fraud! We don’t owe taxes if we don’t use their money system…we need to learn how to use the republic …the United States of America….treasury departments method of paying our bills and buying goods we need without the use of their paper money…offsetting debt…credit and debit mean opposite of what we were taught as well…
I had a supervisor about 30 years back that said he didn't pay taxes. He said he had to go to court 1 year at a time to get back all the taxes he paid, but he got them back.
Taxes are not theft if you receive actual equitable benefit for the tax. The problem is there are so many hands grabbing for their share. You need defense of the country (note I said defense) and also the court system needs support as well as police force (not defunded) and some regulation (I said some) is necessary. That costs money but not as much as is taken and used now.
Lol, we need defense, but we've spent plenty on offense with Iraq and Afghanistan, what a waste. And Ukraine is aid, but we spend too much on that too. And Israel.
those can all be privatized, just like before... private ownership of war machines, welcome to the founding father's era, they quit paying taxes to the crown.
My tax bill is obscene each year. Unfortunately there isn't much you can do with the AMT concerning Income, at least not when you reach my tax bracket. However, concerning investments, rental properties - both residential and commercial, are golden due to Amortization. With most of my properties I experience no Capital Gains when I sell a property due to amortization. I hate residential properties due to the fact that people generally are immoral and selfish. With Commercial you have less maintenance and repair costs. Commercial can stay vacant longer. During down turns, that is when you acquire new properties. During up turns that is when they get rented. The key is to use cash not debt in your acquisitions.
I wish I could pay the AMT, I end up paying more with the standard tax form. Issue I sees is that a lot of commerical property is likely to stay vacant permanent do to crime (lots of retail stores closed or closing), & office (lots of empty office space nobody wants).
Can you explain AMT to me? I have lots of real estate but just aquired my first commercial property this year. I'm not familiar with it. Also how aren't you paying capital gains when you sell?
@@kayvonmansouri AMT = Alternative Minimum Tax It is a rule in the Tax code that requires that basically supercedes the itemization of your personal tax return. If your itemized deductions hit a certain threshold in comparison to your Income, then the itemized deductions don't apply. The IRS levies a minimum tax against your income. I believe this was originally set up to keep millionaires from writing off everything and not paying income tax. However, now most who are upper middle class can get exposure to the AMT. Concerning not paying capital gains on rental income property, you are allowed to amortize a certain portion of your properties value each year. The longer you own a property, the more you can amortize its' value. In many cases, when you sell, the amortization reduces the value of the property below your original purchase price.
I do not file tax returns or pay any income taxes and I make a lot of money. That's not because I am evading any taxes That is explicitly because the modern income tax that began back in 1913 is just an excise tax. For example Congress never had the authority to impose an income tax on The average guy living and working in any one of the 50 states of the Union earning his or her own US domestic source income So the question is who did Congress impose the income tax on? It's actually really simple. The modern income tax has been imposed on non-resident aliens and foreign corporations deriving US domestic source income and US citizens residing abroad with foreign earned income. In tax law for example a US person is explicitly a US entity of any type that has control of US domestic source income now heading to a foreign entity of some type. Unless you have something to do with the flow of that money or you happen to be a US citizen residing abroad earning foreign earn income you ain't got nothing to do with the income tax my friend. Stop signing w-4s and w-9s those forms have nothing to do with the average guy and never did plus a 1040 form for example has two uses one is for a non-resident alien to file their tax return and the other one is for a US person to file on behalf of the non-resident alien as a US agent for the non-resident alien with tax liability
@@jamesbell6182 well I wouldn't say I'm the only one :-) That case basically just confirmed income taxation by its very nature was an excise tax required to be enforced as such. I will definitely say not filing any tax returns or paying income taxes is one of the most pleasing and satisfying things ever. Not to give two shits about filing a tax return by April 15th or telling the government what I made and all that stupid nonsense. All you got to do is learn what the law says, learn why it says what it says and act accordingly.
Exactly, but people won't study, they prefer to be lazy and just be robbed. Courage has left the building and hardly anyone knows their rights concerning these topics. I've only payed 4 times in my entire life (Federal income tax), I just simply don't contract with these criminals and robbers. Never had an issue. Now that doesn't mean they won't try some skullduggery but freedom isn't free, I don't live in fear of reprisal.
@@doug753 well i promise you I am not lazy and deeply care for the country. I go out of my way to educate many on the nature of the income tax and how the legit tax called "income tax" has been misrepresented to the public to get the public to pay taxes they never owed. There was a great quote from Samuel Adams that goes like this, "It doesn't take a majority to prevail, but an irate minority keen to set brush fires of liberty in the hearts of men" Mark Twain said, "it's easier to fool a man then to convince him he's been fooled" Another one from Upton Sinclair goes like this, "It's difficult to make a man understand something when his salary depends upon him not understanding it"
But no lender will give me a loan for a house..i hate pay8ng taxes too. Finally paid llc in CA and its not enough to get it unsuspended. To house people in bunks so they dont pay all they earn on rent@cdistasio
In the example, the SSA tax is not 6200, it is 12400. Why? Because the company hired you, we can assume they can afford that as part of the cost of employment. That means if the tax did not exist, they could afford to pay it to you, so in actuality, you are paying the whole thing.
Yeah... the fact that money is taxed (which is just interest that's owed to the fed) like 6-9 times the FIRST time it enters circulation, but the gov't still threatens us with a shutdown every other year is kind of insane, honestly
Lol I remember telling clients I wouldn't pay income taxes if I didn't have to, and they were like, well I like the roads we drive on and the schools we have. I was quiet and was like uh huh, knowing that property taxes pay for schools and gas tax pays for roads.
Video started off with an interesting premise (the forced theft of our money by the government, which is true), but then didn't offer any solutions that have not already been out there for years. Good marketing video I suppose for his seminar, to pull in prospects for paid courses.
What economists call inflation is actually currency devaluation and is by far the biggest tax. And of course, it hits the poor, lower middle and middle-class the most.
Love the little line about kids. 😂❤ it’s true; becoming a parent is the single greatest thing I ever have done, and ever will do. It truly is the pinnacle of being human. Sure, it can be rough at times, but on the whole, it’s utterly amazing in the best possible ways.❤❤
He left out the mortgage interest deduction. Also it’s difficult to become a “contractor” because many states and the federal government are bound snd determined to rid the country of independent contractors
Inflation, Estate Taxes, Tarrifs, Use tax, Unemployment "Insurance", Toll Roads, Ad Valorem, Inventory Tax, Business and Professional "Licensing", SOS Registration, Hotel/Motel taxes, Traffic Tickets from Road Pirates...
Using your hobby as a business can expose you to an audit. It needs to be a legit business in all aspects. The same goes for recreational properties that you wish to report to the IRS as a "working farm". I have learned from experience, don't mess with the IRS. Give them what they require per the law or they will just come and simply take it with penalties and interest.
Back in time at the revolutionary war period/Constitution, people fought back, nowadays everyone just lays down cause they have no courage, they won't fight back for fear of losing stuff... Whats freedom worth to people? back then it was life or death, now..., its a people who live in fear, and have no courage to stand against tyranny. People have seriously changed into fearful subjects instead of courageous sovereigns, no wonder they keep piling it on, they know now their is no fight left in people. Government serves government, not the people. Freedom isn't free...
In regards to the Medium tax portion of the video. Unfortunately, the government prefers to tax people as W2 employees and they push new regulations to prevent people become contractors. As such new rule regulates that if you work as a contractor, you cannot provide services only to one company or directly participate in the activity that makes company money.
For example only 8 mil filed in 1939 but we had 130 mil population. In 1945 50 mil filed because of the propaganda campaign and forced payroll deductions that went along unconstitutionally with the tax act. Kind of like forced covid vaccines and propaganda campaign, but it had nothing to do with the 13th amendment which had happened 30 years prior.
I haven't had to pay State income taxes where I am in over 7 years now. Just sent in a formal withdraw of consent to be governed form (3 pages long). I may do this with Feds but that depends. If I decide to do the Feds, it is a long process and lots of paperwork. State was very easy to do. Be aware that if you do anything to get out of paying taxes, you can and most likely be put on a watch list.
How does the US define itself? See title 28 US Code 3002 (15)-a Where is the US located? See Uniform Commercial Code 9-307 (h) and title 26 US Code 7701 (9-10) What is the legal definition of "person"? See title 26 US Code 7701 (a)(1) Now, tell me what you think of what you have read.
@r.a.6382 My honor? This has nothing to do with my honor. These are the states' claims that they have made and are liable to. This is the statutory code they have made themselves accoungablr to. This is about holding representatives accountable to what's on their records. This does not restrain you and I, this limits the gov. If they want to exercise any kind of conduct that does not jeopardize the people's trust in them, that is.
Not sure I understand how someone making $100,000 a year is paying half of their salary in taxes. After inccome tax, SS, Medicaire, etc. they would have roughly 82, 500. So another $32,500 would be spent in taxes on food, rent/property, gas, etc? In order to pay $32,500 of those taxes, the person would have to have a very expensive piece of property. Or spend a LOT of money on groceries, gas, clothing, etc. If that were the case, a person making $100,000 a year would pretty much be spending their remaining $50,000 a year on everything and have nothing left over. Not to even put in savings. Plenty of people are making $100,000 a year and half of their salaries are not going to takes. Not everyone is paying that much in taxes so the video is incorrect.
"local" tax, Auto Registration, Licensing, misc FEES, then out of our remaining 48%: Mortgage, Utilities, Insurance/s, Groceries, Fuel to get to work, daycare, PLUS PLUS PLUS ... not even talking into the BANK PONZI scheme
A system you're born into where you're required to continuely give someone else the fruits of your labor at the threat of violence is slavery, not theft.
Not sure where you get the violence part. Theft is true enough, if you don't pay they will take your property in total disregard of constitutional rights to property...
I need a way to draw up a plan to set up for retirement while still earning passive income to meet my day to day need and also get charged lesser taxes even while in a higher tax bracket.
Don't put all your eggs in one basket; instead, diversify into different asset classes to mitigate risk. If you lack extensive knowledge, consult a financial advisor.
Accurate asset allocation is crucial with an Experts guidance. I have 850k in equity, 300K cash earning 5.25 interest, 685k in 401k, 250k cash account, 120k in car assets ( paid off cars) Gold and silver bars. age is 48. My advisor helped me realign my portfolio to my risk tolerance and it boomed overtime.
Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks
I was shocked when I found out that we pay taxes in fast food restaurants and I'm someone who doesn't make any money yet. 😂 I looked at my family like, "Is this for real?!" Now, I'm looking into financial literacy and legal literacy because I don't want to be an idiot. It's like everything is taxed. When you buy something, when you earn money, when you invest, when you own a car or a house, when a company pays you dividends... it's everywhere. Holy shit. I understand now why most people hate paying taxes, but I also heard there are loopholes in which certain people are excempted from paying taxes. Probably rich and wealthy people.
just wait till you see how much taxes you will owe when your RMD kicks in... and then the IRS reports your income to the medicare folks and they fine you (taxed) for being a good saver....
Whine ,whine ,whine who pays for all the roads,schools, infrastructure, social security is the greatest way to help people later in life to survive the last few years
What is most sad is that people scream about how we need to tax the rich... When they are the ones that are taxed to poverty. If we could only educate people that they are the ones that fund the machine.
@@thomasjohnson7990 Whats really funny is the way people are ignorant of the fact that he is right and that they "just go along with the deception", My people fail for lack of knowledge...problem is LEO only enforces "color of law", it's how they make their blood money. A driver license is a commercial thing, do you drive for pay?, or are you a private citizen going about on private business? big difference. Problem is people won't stand up for themselves and each other, rather everyone just gives in and goes along with the criminal overlords. Ignorance and lack of courage is what's keeping people slaves to a corrupt system that regularly infringes on our God given rights outlined in the Constitution. Even the supreme court decided you don't need a driver license to travel, (travel and driving are different) only to drive commercially, its a big hoax that everyone just goes along with. Just like Federal income tax is a voluntary tax, you don't have to pay it if it doesn't qualify you as someone that does have to pay it. So why pay it?...I understand how everything is set against us the common people and how they will persecute us if we don't play by their unlawful rules but at some point you just got to ask yourself, if we always give in, they will always subject us to even more tyranny. People just won't fight back anymore, prefer to live in fear and be robbed and have rights taken from them without a fight.
And to think that we started a revolution over a 5% tax on tea...
It was much more than tea, yet much less than the current abuses.
This is the thinking that a 3rd grade education yields. Guess you never heard of "taxation without representation"?
Americans always want things & never want to pay for it themselves.
Wasn't it 2%?
@@MR_sea6 are you represented today? I would venture to answer no... I'm not and neither are the majority of Americans
You never own property. The government owns it and they let you live on it as long as you pay your government rent. If you improve their land, ie; build a house on it, using after tax dollars, they increase your rent!
You would be amazed at the number of people who don't grasp this.........
As much as my failed state is failed, we were able to resist the property tax. Still the average worker pays 50% before shaving off another 20% when spending. I try do to most of my spending outside of the system, to at least alleviate the ass pounding.
Exactly. Glorified trailer parks.
And to think the founders started a rebellion over a few % tax on stamps and sugar.
However, it seems, since "Basements" don't get "Measured" for "Taxable Square Footage", maybe the issue is the Building ABOVE Ground! Time to build Down?
In summation, this video isn't how to stop paying taxes but instead reduce what you pay. No matter how you spin it, theft is theft!
Does this mean theft is Immoral ?? I have a different spin. The Only theft which is Moral is government taxation , but ONLY when the wealthy and super wealthy are taxed, Never the middle class or poor.
What the hell kind of Ethics is this ?? Answer : It's called
" Robin Hood Ethics."
Click bait.
The host Joe is a clown with no clue about how society and modern day countries need to operate.
The system is so parasitical.
early life history
Humans always have been.
J. E. W. S.
@@ryanjay13 E.S.T.
Predatory
Tax on garage sales, tax on buying donated goods, tax for education, tax on parking, tax on medical care... The Beatles had it: “Yeah, I’m The Taxman...”!
@@hisboatat least they are not banning straws...aw shucks!
Death duties a tax on the DEAD! Taxes on cremations, taxes on funerals, taxes on burials, even graves have taxes. One day you'll find out. Many taxes are a form of legal theft that you have to pay or throw a double six.
Can't even get a gift of money from family!
can gift 17K /person. 32k / family. each year.
You report garage sales?
Don't forget that inflation is a tax.
I don't have anything left for the inflation tax.
@@PhoenixWoodytoo bad, it will come out of your purchasing power. Enjoy a minimum of 20% reduction in purchasing power every decade…..
It’ll be more but the promise is at least 2% a year….if they take more, they prob won’t even apologize.
@@swank17120% a decade lol way more than that
@@cultleader3572 that’s why I said minnimum. They tell you they only plan on 2%….anything over that is “oh well…sorry for robbing you.” Hahaha.
They straight up tell us you are guaranteed in the best case to lose 20% or more cold your purchasing power every 10 years and everyone just gives the thumbs up. Hahahah.
Yet another incentive toward “real assets” (homes, precious metals, etc) because investments which only keep up with inflation are still taking on the market risk.
We need to audit the Fed.
The Fed is not federal , but it is a private unauditable criminal cartel.
We can’t…because it’s a privately owned bank…he US treasury hasn’t printed money since 1913…..lol….
The DOD/pentag(on)ram, hasn't passed their audits in many years if ever
You spelled "end" wrong.
Yes 💯only rental properties suppose and should be paying taxes not where u sleep, eat and 💩
#1. STOP working jobs that DO NOT pay you in CASH MONEY, and request your tax ID NUMBER (SOCIAL SECURITY CARD NUMBER), work construction farming jobs like the ILLEGAL IMMIGRANTS DO!
#2 want to own a home? buy undeveloped land with lots of trees. clear a spot in there and dig a DEEP HOLE. then build an underground bunker, and cover the entrance. THEN AND ONLY THEN get a building permit IF REQUIRED, and build the smallest 1 bedroom you can , on a concrete slab.put a closet over the entrance to the bunker. after the final building inspection, bust out the closet floor. place a hydrollic forklift mast at the bottom. build a replacement concrete slab on the forklift platform so it will replace the whole closet floor. the idea is to leave the closet floor bare so there is a "transition " on the edge of the flooring for the closet floor to touch. NO ONE should be able to tell that the original slab has been modified!!
#3. your property tax is based on the above the ground buildings, THEY KNOW NOTHING ABOUT WHAT IS UNDER GROUND. DO ALL THE WORK YOURSELF, OR PAY ILLEGALS CASH MONEY FOR THEIR LABOR!!
#4.GROW A GARDEN AND LEARN CANNING. THEY CANT TAX YOU ON WHAT YOU DO NOT BUT.
#5. THE DEPrtment of agriculture will build you a "farm pond" for free! also will build a green house for free(have to plant crops in the ground only as purpose is growing season extension), they provide x amount of $ and you can spend that or add some $ to it.
#6. NEVER EVER use GRID TIE SOLAR. place your panels very close to the ground so you can clean them easily. preferable to place on a trailer with wheels to NOT be taxed on them as an property improvement .
#7. you have the option to dig outward from inside your bunker to expand it, CONCRETE IS YOUR FRIEND!
#8. pretend to be POOR, drive old rust bucket cars, have an extra one in case of break downs. learn to repair it yourself!
#9. when building a deck or porch onto your house, DO NOT ATTACH IT TO THE HOUSE!! leave the required inches and YOU CANT BE TAXED!!
#10 buy an outside boiler to heat your house, and hot water. you can burn cardboard, paper, old wooden furniture or even garbage to heat on warm days. EVEN TIRES!
ALL THIS STUFF I HAVE DONE MYSELF, I HAVE PAID INCOME TAXES JUST 2 TIMES IN MY ENTIRE LIFE AND IM 65 YEARS OLD!!
ALSO IM MARRIED TO STEFFY!!
That’s awesome
What's a steffy?
@@tubeingdee9735 He meant stiffy
Great info but sad to think about how we have to go to such extreme lengths just to protect ourselves from the government and their greedy tax code. I am sure some of that is probably considered fraudulent or illegal under some administrative law because the federal government has created a police state and a welfare state. If one were to avoid taxes in Steffy’s way, they should not be inviting the government onto their property in the case of Steffy’s #5 suggestion. Just on principle alone, I wouldn’t try taking taxpayer’s money from government programs if I could figure out a way not to pay into it in the first place. Don’t get me wrong, I wholeheartedly appreciate what Steffy is saying but I worked hard to earn the nice things I have… I should be able to keep the government from taking advantage of me over and over, when I paid for most of their mistakes.
that's a bit extreme lol
$58k in state and federal income taxes for 2023. Doesn’t include property tax. Theft isn’t a strong enough word, but slave is a fair description.
450k income tax. I just wrote the check as I was throwing up!!
If a free man keeps 100% of the fruits of their labor and a slave 0%, then paying 50% or more of your income to the government makes you more a slave than a citizen. By definition. And yet so many people not only willing accept this situation, but they even proselytize for its expansion.
Take the time to study Title 26 US Code until you understand it. It is worth it. Non-filer since 1979.
I tried a little. Any specific section? It sounded like only people in the US who work for the government need to pay federal tax. Is that right?
As an individual you want to study the second part of the code, however parts of it can direct you to the first. I tried studying it at my local law library in my state's supreme court building. I recommend that you buy a soft bound copy so that you have the entire code in one book, not a dozen or more books.
The code is deliberately scrambled to make it difficult to follow so you must be willing to persist until you understand.
The code is definition after definition after definition. You must understand the concept of "includes" as it is used throughout the code to define things. Draw a circle and write the word "included" within that circle. You must understand that anything not included is automatically excluded.
hubby and I have to pay tax on our ss which was already taxed when it was paid in, they need to stop this bs.
This is nuts! I'm a 20 y/o guy and until you said this, I had no idea that you're required to pay taxes on what was ALREADY TAXES!!! If it's this bad already, my generation is hopeless.
Your income is already taxed when your employer brings in money. That money is taxed.
@@nirmalkarthik5892people that make stuff to sell it , first pay taxes on the material. Then the business buying it to sell to the public also pays a tax. Then the person purchasing the product ALSO pays a tax …if this isn’t a scam I don’t know what is 🤷
Good news & bad news. You're not taxed on the social security that comes out of your paycheck while working, in fact it's considered a Tax. That's the good news. The bad news is, not only do you pay income taxes on the social security money they took from you during your working years, the money has lost more than 80% of it's value over those 35 years you've worked.
Vote Trump cause he is against Seniors getting their Social Security taxes.
No, Americans did not vote for those tax brackets we vote for people who say they are going to reduce spending and taxes, then get there and raise spending and taxes. You cannot find a single American who will tell you, yes, I'm all for giving this government more of my money to spend on crap I don't want them spending it on.
Unfortunately there are millions of Americans that have been brainwashed into believing that higher taxes, more taxes and government spending on foreign conflicts, untracked social programs, bailouts, etc. are good for the country
You let woman vote, immigrant come in, didn’t care about government so… thats what we get.
Our elected officials don't even do this. Unelected bureaucrats control Our Lives
A lot of progressive's would.
This is why we need to do what our ancestors do
I've lived in America and Canada. Paid about the same in taxes but get way more for my taxes in Canada. Most Americans hate the government (hate giving them their money even more) because they've never experienced good governance.
I honestly think America needs a completely restructure of their political system. It is just not working. Trump and Biden being elected out of 300 million people to run the country is evidence for that too.
This is why the US should elect more progressive politicians, who know how to manage budgets and give us (yes, pur country's initials literally spell out that pronoun) much better tax credits in return for better public education and better public healthcare. but since these are nonexistent, my husband and I are being guided to finance our retirement and healthcare through a diversified investment portfolio
I find your situation fascinating. Would you be willing to offer a trusted advisor you've worked with?
Her name is “Sharon Marissa Wolfe” . Most likely, the internet should have her basic info, you can research if you like
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Slavery, Indentured Servitude, Serfdom, etc., was never abolished. They just merged together and transformed into the Modern Day debt slave Economy, where everyone needs debt to survive.
Car loan, Housing Loan, Student Loan, Credit Card Loan, along with high cost of Medical, Home, & Auto Insurances.
You work from age 18 to age 62, about 44 years of your Life, and half of it, is just for paying Taxes & Debt off for all the things you need to survive in this Modern century.
Plus, when you die, and pass on everything you worked for to your Children, they have to pay an inheritance tax on that.
And you call America the "Land of the Free, Home of the Brave", what a complete joke.
Only 18 to 62? I started working when I was 15, & SS + Medicare will be gone before I reach 62. I will be working until I drop, and so will most people still working today. Even those that are retireed will have to go back to work when Inflation outpaces SS.
While I support your statements, I have to point out that most people will never have enough to have to pay an estate/inheritance tax since it is in the millions in most cases (there are some states that also have an inheritance tax and have their own laws).
This makes me sad.
Don’t forget insurance, technically that’s a tax also. Car insurance and health insurance are not optional anymore.
Anything that is mandatory is a tax. And it makes prices go up. Why would it not, when it's mandatory?
Right!
Anything I can't opt out of.
I asked my university what the $7 card maintenance fee did for me( student id). Was told it was required. I asked again. It is used to maintain your card.
Sigh.
Health is optional again thanks to Trump.
Health insurance is still optional
Health ins is 100% optional
Don't forget that they devalue your money by printing, and then tax you on those new dollars. If your portfolio has kept up with inflation, those gains are taxxed. The inflated house you bought? Property taxes increase.
And capital gains if you sell it too, even on primary residence! What a rip-off!
Sadly, my city instituted a 'seems like' year a house was built, instead of the actual year, so they can increase the 'value' which increases the taxes. What a rip.
I opened a bakery and petting zoo on our property I get great deductions On all of the things I already enjoyed
My gardening, animals, my coffee and car expenses on our extra vehicles
I drained most of our useless retirement accts and got my burden down with the deductions This is the last big tax bill I’ll have
We’re gearing up for retirement
The business and my husbands SS will cover our lifestyle nicely No debt And we grow a lot of our own food Make our own electricity
You might consider that the IRS new employees may be looking through the comments on a video with this title. Just sayin', don't ask for an audit!
How do you make your own electricity?
@@LizCabrera-o5h solar So we aren’t dependent on buying power
Good morning fellow debt and tax slaves!
Good morning! Getting ready to send another $9500 to the government in addition to the $51k I already paid 😭
Good morning! Sounds about right! To paying individual taxes 🥂 @@Erichhh
Income earning sucker by choice, to limit the courts greedy grabbing by my e children’s mom.
Now it’s time to get the business booming!!
Since politics are for sale, my business should be in the bidding!!!
Free range tax cattle
Good Mourning indeed!
To summarize: it is high time to defund the IRS 😂
Very well done video mate! 🔥
In my country, I don't think saying things like this about the banking industry can be posted on social networks, thank you bro
It's because we're already enslaved and "they" just don't care.
You must live in the US like me. Taxation is theft!
In mother Russia banks post you.
That's evil. All humans are equal and should be free to speak their mind. Consider finding a new home.
Both "social media" and "free speech" are Oxymorons. There's No such thing.
🤔😯😊😎
Well done Joe! 1913 is when we lost our Republic. The creation of the Fed and Income tax killed our ability to be free. It accelerated when we were taken off the gold standard with an added tax of inflation. Great time to consider gold and silver to lock in purchase power.
How do we get rid of the Fed? Revolution? We all became slaves when the Federal Reserve Act passed
I'm trying to remember what year the feds stole the gold, 1937?
@@keithgarrett4155 1933
Gold standard off in 1971
@@keithgarrett4155 Gold confiscation 1933.
These frequent tax code changes are disrupting my long-term investment strategies. Are there ways to structure my investments to be more resilient to potential tax code modifications?
Tax code changes taught me to you can build resilience into my portfolio. Diversification is key! My set manager helped me spread my investments across different asset classes like stocks, bonds, and real estate so that a positive tax code cha age here can help minimize the impact of aa negative tax code change there adjustments.
I agree. Based on personal experience working with a financial manager, I currently have ($2million) in a well-diversified portfolio that has experienced exponential growth from when i started. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
Your manager must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.
I work with Sonya Lee Mitchell as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
For the record, the Civil War was never formally declared over we have been under a militarized martial law version of the United States since the Civil War, which is illustrated by our military flag, is the only flag that any Americans are even aware of. Your military flag only flies in times of martial law, a.k.a. military rule. Civil flags are wet fly during times of peace and there hasn’t been that flag flying since Lincoln. We are all chattel slaves in America, born into servitude, our parents signed away our sovereignty by applying for birth certificates and Social Security cards, which register their children as property of the state! We’ve all been bamboozled, we are all slaves! Rise up! Stop paying!
What happens if we don't pay? You're going to pay one way or the other. The IRS will take all that you own. Maybe that's why people sell their homes and get an RV and travel constantly when they retire?
@graymatter…..Register your BC NAME as your DBA/Assumed Name Certificate (via the MN SOS Office, online for $50/yr) to separate you, the living man or woman, from the CORPORATE BC NAME and you are then free! The judges, Police, irs, Sheriffs, Corporations, etc., are ALL dealing with your CORPORATE BC NAME, not you, the living man or woman, because a fiction can ONLY deal with another fiction (dead entity! Every letter or bill you get, checking accounts, credit cards, DL, ID, Cemetery Grave Markers, are all fictional/dead entities (not alive!) With your DBA of the BUSINESS NAME (Short Form BC NAME) using your local Dept of Motor Vehicle’s business address (because ALL birth certificates were transferred to the Federal Dept of Transportation, forcing you into Commerce/Commercial activity, without your knowledge or consent….(See: Jordan Maxwell videos on YT), as your BUSINESS NAME and ADDRESS, with the Owner being you (Last Name first, then First Name and Middle Name in upper and lower case letters, using your mailing address), and you have separated yourself from their BUSINESS NAME! Does any other Entity have the authority to administrate your BUSINESS NAME, after you have registered it with the MN SOS’s Office? NO! (You don’t need to live in MN, either!) Peace out!
Can you imagine if the south resistance was in tunnels under the great cities and populated areas of the south..
What’s the solution…
Never get a ssn
@@gg80108 They were done. Some wanted to keep going, but it was over. They were no match for the conventional open field fighting, but had they been using more guerilla tactics, they could've kept going longer and maybe the north would've lost their will to continue fighting. Who knows what might've happened.
My portfolio doesn’t just cater to dividend stocks. I hold $VFIAX (S&P 500 index fund) in my Roth IRA and $VTI (Total Stock Market ETF) in my taxable brokerage account. Two of my largest holdings. The individual dividend stock positions all complement the index holdings.
Diversifying with $VFIAX and $VTI is smart. It’s financial independence, not dependency, that truly empowers.
true, despite having no prior investing knowledge, I started investing before the pandemic and pulled in a profit of approximately 950k that same year. In reality, all I was doing was getting professional advice.
''Jessica Lee Horst'' is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Don't forget estate taxes. "Oh, I see that you died? Gimme gimme gimme 🤑"
10million you have estate issues, less does not matter.
i think a trust is the best way around that
As Nomad Capital says "Go where you're treated best."
But you will still pay us tax
Not if you renounce US citizenship
The money should go to the people of the USA. Not illegals
Feel like playing tax games with the taxman is a losing position. We should be playing gun games with the taxman
Liechtenstein has a 1.2% federal income tax and a 12% corporate tax and the GDP per capita is about 100,000 dollars. The prince their says that government exists to serve the people, not vice versa.
That’s great if you live in a country where you don’t have to pay to leave your original citizenship 😂
Perhaps that only works when you have a country the size of Vatican city. And how exactly are the citizens that live in Liechtenstein able to work in Germany and not pay income tax? I've been to your country though...it's beautiful.
“Nameless is Blameless!” We need to stop using phrases like: “the government”, “the IRS”, “politicians,” etc. We must name ALL the people responsible for our difficulties - no matter the list length…!
When i was an NJDEP Gubmint shlub, my fudgeups were my own. If someone else did, i would apologize to the public because "we" fudged up. I was one of the few who exhibited such behavior. Everyone else would bury their own failings in the unaccountable "bureau". (your tax dollars at waste)
It's all of them! We should call them by their real name. THE MAFIA
Say what?That may be a book longer than Gone With the Wind and War of Peace combined.
Hmm i never realized it was my constitutional RIGHT to pay income taxes. I feel so privileged now
They passed that amendment while most of congress was at home celebrating Christmas
With it came the irs and the federal reserve banks basically handing over the control of money from the people to private bankers
We’re tax slaves to banks and the government works in the interests of the banks
You actually gave up your right NOT to pay taxes by accepting the benefit of becoming a US citizen, who is a taxpayer. The constitution has been out of the picture since at least 1933. You're dealing with a corporation club that you gave up your rights to be a member of.
Property taxes basically means the government rents you your "own" house.
It's their property you built it on, you're renting the land not the house.
Jesus needs to come back and put an end to this mess
Brilliant, wtf is your god doing now? Sports betting😂?
You need to stop believing in the myths they gave you and put an end to it yourself.
Or you could grow a spine and use your God given right to self defense and theft of your property?
I love Jesus and he is my everything. I've repented of my sins. still a sinner but don't practice sin anymore. I'm with you. I pray everyday HE will come back now. This world is so dark and demonic and there isn't anything I want or need from this world. Stay reading the word daily,praying and fasting. See you in heaven bro!
But Jesus said "pay unto Cesar that which is Cesar's". Unless you own your own currency, Jesus says pay up.
if I started a movement to destroy the IRS, how many people would help me?
Not enough
So far only 4 😂😭
Me, myself, and I
You need 3%
More than the IRS will fall
1. Video title is very misleading. If viewers apply this advice, it will not absolve them of all tax obligations.
2. Your advice to your viewers is to run failing real estate side hustles to reduce taxable income? For the amount of effort it would take to launch and manage a real-estate side hustle to reduce taxable income by roughly 25% each year doesn’t sound worth it. Real Estate takes ALOT of effort, time, and elbow grease.
Over 1/2 my income goes to property taxes. I need to either move to a plant nursery or start a church to reduce those.
Have your place reclassified as a nature reserve?
Or just move to a low property tax area. If you have a lot of land, you can apply either farm-use: havest Hay from a pasture, or forestry if its mostly woodland, presuming your land is zone for Agraculture
Idk where you are but contribute to commercial agriculture
You could run for office, local of course. Any level over that looks hopeless.
Joe, I needed this vid three months ago.
If only we could just be free and didn’t have to worry about “loopholes”. The only tax that is worth having is sales tax. Everything else is direct theft. We literally own nothing, because of taxes
Sales tax is a pretty regressive tax though, in truth. It disproportionately effects the lower earners. As much as I hate paying taxes that get absolutely wasted by government, a straight income tax without loopholes that's bracketed fairly would be the most fair way to tax. (I have basically zero write-offs, I'm not advocating to cough up my own money)
@@johnuppole really any tax is theft. The govt provides really no value. Really no taxes would make the govt provide value. You pay for your license, registrations, all sorts of fees in addition to taxes for any govt service, the govt would still be getting their money. And wouldn’t have as much incentive to waste
Sales tax is theft too. A lot of sales taxes money is just wasted on non essential gov't services.
@@johnuppoleFair is a word that needs to be dropped from the conversation on taxes. Without income tax, wealth can be felt by many more. Just my thoughts.
Sales tax is still theft
Here in Australia, All taxes, "Hidden" taxes and inflation (a tax also) account for a minimum of 65% of an ordinary Australian's Total yearly income.
I know about the history of the income tax, and how much all our taxes add up against our earnings...and I wish more people (with audiences) would keep talking about it. Thanks for doing this. Love your channel.
I try and hence no one wants the truth so no one follows :) lol
I can teach anyone who wants to know how to read and understand the federal tax code. No charge to email a 22 page document that walks you through the code. About a 30 minute read for most. Donations are welcome. Any takers?
@@claudepotts784 This sounds right up my alley, exactly like what I’ve been thinking about. I’d be highly interested in checking this out if you’d be so kind as to forward it to me. Thank you in advance.
YOU THINK YOU KNOW only taxes in constitution are excise taxes . google Plain Facts About The income Tax pdf ( on lost horizons site )
In California its really hard to be a contractor on 1099 if you could work at office 9-5pm M-F. What folks do not know is that you can create a SMLLC (includes spouse if married). This is a LLC for State, but a PASS THROUGH entity for federal (ie you just do 1040 with SEP worksheet). an SMLLC costs about $800 to setup and it makes you a "contractor" instead of a W2 employee. Now you can deduct auto, driving, et. al. expenses as well as home office.
Don’t you lose unemployment this way?
"In California its really hard to be a contractor on 1099"
Its pretty much the same in all of the US. You start a business like S-Corp & the employer just pays your company for services (ie Business to Business transaction). Then you use the the company for deductions: milage, meals, utilties, supplies as well as take advantage of QBI (Qualified Business Income Deduction). The only issue is that you have to pay for your own health insurance which has become incredibly expensives For a 40 year male, you pay about $500/mo for health insurance Bronze ($7K deductible). If your 50, its about $850/mo. This is way a lot of companies are replacing full time workers with multiple part time workers.
1 Mil in hand is better than 2 mil in tax saving account!
Yup, all tax deferred account are subject to change. Plus most people have an early withdrawal for an emergency which is slapped with a 10% tax penalty. Plus now inflation is started to go up.
And not to mention taxes will go be higher In the future.
@@guytech7310 A 10% penalty only reduces 2M to 1.8M, not to 1M.
Taxes are voluntary. Said so for years on the IRS tax guidelines printed until they got hip they were giving away their secret and people stopped paying.
Taxation without representation.
you do not vote?
you represent yourself only taxes in constitution are excise taxes . google Plain Facts About The income Tax pdf ( on lost horizons site )
@@gg80108do illegal immigrants vote without paying for that vote?
As an elder millennial, one of the few advantages is having lived through the Great Recession, Election and Economy Crisis. My advice. Reduce unnecessary expenses, increase your savings by investing in financial markets and do not sell. One thing I know for sure is that diversifying your income can help insulate you from much of the craziness going on in the world.
The investment you choose isn't right or wrong, just depends on the kind of business person you are or simply the kind of person you are. However, the end game is investing money long term creates wealth every time. Just pick what you like and understand, invest and it will pay off. A lifetime of investing for 5 mil is not hard to accrue.
That's true...I'm thinking of investing in stocks or digital assets to grow my money for the first time, but I lack the in-depth knowledge and mental toughness to deal with these recurring market conditions. please any advice or pointer on how to outperform the market producing good returns
You're absolutely right! It just takes a good mindset and nerves of steel. I was deeply invested in 2020 with the economy crisis being bad, divorce and me with no job, so i had to work my savings in a well-diversified portfolio of stocks and digital assets that grew 4x with capitalization, venturing is not necessarily just about funds but also to be well informed. It's a long term plan for me so I invest and reinvest
Exactly why i enjoy my day to day market decisions being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/ analvsis they have, it's near impossible to not outperform, been using a portfolio-coach for over 2years+ and I've netted over 400k
Mind sharing info on the adviser who assisted you? been saving for pension since age 21 - company scheme. along the way I hit higher tax, so I added to my company pension with a SIPP (tax benefits) I'm 48 now and would love to grow my finance more aggressively, there are a few cars I still wish to drive, a few mega holidays, etc.
Actually, in many states, "food" purchased at a grocery store, is not subject to sales tax.
Liquor and alcoholic beverages (such as beer) are taxed, but uncooked/unprepared food items such as meats, bread, eggs, water, etc. - "real food" - is not taxed.
Big whoopty. I guess we should be thankful 😂 add to that the food and water is POISONOUS, Processed and Cancerous
That would be nice. 10% adds up when there is 300% inflation.
Abolish the IRS
The biggest tax loophole for s corp owners is defined benefit pension plans. These allow you to make pretty high tax deductible contributions that reduce your small business profits. The reason these plans are allowed is that really rich people, like the board of directors for corporations, want this. But you have to have limited employees to use this. Hire a pension planning firm to make sure you do this legally.
The other way to get really rich, but not pay taxes is to keep reinvesting in your business and therefore keep profits low and then eventually sell the business, which will be taxed as a capital gain, at much lower tax rates. And the benefit is that you only get taxed ONCE, when you sell the business.
Getting rich means turning short term "profits" into long term capital gains. And if you have any losses, you can offset the capital gains.
Is the capital gain rate the same regardless of the amount that you sell the business for? Great strategy BTW
I'm a real estate professional, and I don't have a high income and I still pay taxes. Cost segregation and accelerated depreciation just keep you on a hamster wheel of having to 1031 into new properties every 5 years or so and doesn't really make sense for smaller properties. The usable lifespan of your furniture or the flooring isn't really relevant in a single family home or small multi. This is really the game large real estate investors play to make the numbers work, when the income sucks, if they can park money for a while and offset a tax burden they'll take a deal that essentially has zero cash flow.
On a single family, you can do a simple cost segregation yourself without much work and some benefit. However, you could also just use the tax wizards built into tax platforms and they do much of it for you. Paying someone to do it for you pretty much uses all the money saved unless the property is large multifamily. 1031 is a real pain. A lot of work but perhaps some gain for it depending on your situation.
@@happyzahn8031 Problem with a 1031 is you may have to take an inferior cost of money than you previously had. IE higher rate etc.
I recently compared taxes with a coworker in Spain.
In short we are taxed like Europe without the benefits.
The U.S military budget is far more important than universal medical care, affordable education, effective safety nets, etc.
People need their welfare.
Nah man, you aren‘t taxed like us here. Lemme tell you about our taxes in Germany:
1) 19% sales tax on everything you pay
2) Up to 45% income tax. Middle class pays around 30%.
3) Company taxes varying by regions up to over 30%
4) Flat 25% stock tax and a tax on unrealized gains
4) Additional payments you don‘t see on your payroll because the employer already pays it beforehand to the state
5) Social security/pension/healthcare which is about 1/4t of your net income. That is right. Those so called "benefits" aren‘t even part of the taxes.
6) Last but not least there are an additional thousand taxes I won‘t list. Just to give an example your car is taxed 5 times through different taxes such as fuel tax, car tax, carbon tax etc.
Now adding those all together, anything the average person buys is about 19% more expensive, your median salary is here at 40k (nowhere near as high as in the US), it costs the employer about 50k due to the benefits, after all deductions you end up with like 25k. That doesn‘t even include the taxes the company had to pay.
The actual tax burden here is about 60%.
Believe me, you guys don‘t have it as bad.
@@xXdnerstxleXxyou say that until you're an American living homeless in the middle of winter.
@@RuffinItAB Say you live in a rogue state without saying you live in a rogue state.
Why can’t we all band together and stop paying taxes?!!
In the end a government is just a forced investment scheme. It's just a business that somehow managed to monopolize both the creation of currency, the legal system and violence. While in theory a monopoly can be a great thing, it really depends on the skill of the workers and the mandates they adhere to. With the US, and most governments, the mandates they sell us, the workers, and the mandate they receive from their board of investors (donors/lobbyists) do no align.. at all.
I believe this to be a core reason why the US is so divided today because it doesn't really matter who you vote for as policy is made by investors for investors. So the politicians/PR/HR department needs to come up with reasons why their promises do not line up with the policy the implement and the worse that contrast becomes the more important it becomes for the workforce to be diverted. It is the reason why the US is always in one moral panic or another.
I think it's long overdue that if we are forced to invest in this business we call a government we should get meaningful returns instead of the current state that makes the majority of people poorer not richer. We need better transparency and better means to make government/corporate policy that benefits all its investors not just the ones with the biggest pockets or with close personal relations with those in positions of power.
I agree. It would be better if citizens could at least pick where half of the money they're forcibly taxed on was spent . That would change the world dramatically almost overnight, as most of us are just normal people who don't see the world as some game in which we have to tread on and crush others in an effort to climb to the top - or "win". We just want to live happily in harmony with others and our environment.
Arguably it is the largest RICO Extortion And Protection racket in the history of mankind
Unfortunately I think we’re at the point where the people are going to have to rise up in arms to force any meaningful change
It's all mafia, just which organization is the biggest bully.
The government may be forced into the "returns" payout expansion of social security soon as hundreds of thousands of jobs are replaced by AI
I bought a house a couple years ago in this crazy real estate market. It’s a manufactured home from 1989 on 3 acres. My home is ON WHEELS. It’s technically considered a vehicle. Our property tax is $5200 a year for this old trailer we live in. It is absolute robbery. It’s infuriating.
Oh, and according the Grace Commission, NONE of your tax dollars go towards any of these things you mentioned. ALL of it goes to service the interest on the currency which is issued out of thin air in the first place.
this is the first year I decided not to file on state and federal. I won't pay these thieves anymore. I'm a 1099 security guard and made 42k in 2023.
The fifth amendment buddy, look it up.
Dropping one for the algo! Keep up the great work Joe! God bless
Thank you, Ryan
even if the argument that taxation is theft was correct, ye got to remember that the ones collecting them are not only armed and dangerous but are also the ones who own the police.
Point being, it is more like robbery
You spelled extortion wrong
@@jjs6996 what?
That's why he says " a man with a gun" several times in this video.
Getting married might lead to wasting 50% of your money, and having kids could deplete the other 50%. All this to save money on taxes 😂. Wouldn't it be better to pay more taxes and keep 75% for yourself?
Lost half or more in a nasty divorce. No thanks. Plus Kids are expensive at least $250K from birth to 18.
Maybe but what are you going to do? Just be a kid forever playing video games and living a hedonistic lifestyle, and then will you die and have nothing to leave behind?
Living your life to avoid tax is so hilarious. Why not just blame your parents for having you? Makes as much sense. Sue them
The stress is placed on 2 . Plus a FAT taxe return back, which I would have to get a loan from a bank for that amount. So plaese
This might be the most incel thing I've ever read.
And the government is hiring at the highest rate of all, and they almost never fire anyone. So they will be taking more and more in the future.
If taxes are illegal or unconstitutional, then why are you telling people TO LOWER TAXES? Instead, why not tell them NOT TO PAY THEM? And how to go about Not Doing it… if this benefits everyone, why not show us how? Just an observation; is just that we have heard this before, but there is no help on how to get rid off the mafia…..
4:15 United States is not the only country. There are plenty of others, they just can't enforce it. One example is Colombia, they tax on world wide income but Colombia does not have the tax treaties and means to enforce. The only way they can enforce it is if they happen to find out somehow.
Thats why government shouldnt have any power what so ever
The income tax did not start with the 16th amendment. The 16th amendment granted no new taxing power. Its purpose was to make sure it was not collected by State apportionment and it moved the income tax from the direct tax category to the indirect tax category to avoid the need to make it uniform in operation.
You opt in by applying to join the Social Security System. Prior to joining Social Security, the national government knew very little about you and had no direct jurisdiction over Citizens of the States. By the Census, the national government had your name, state, county, occupation, race, sex, etc. but no knowledge about how much money you made, where it was made, where you were until the next Census, etc. The only times a State Citizen met up with national jurisdiction is if he counterfeited the coin of the US, traveled to Washington, D.C., did interstate commerce, was in coastal waters, etc. Your State and your Sheriff kept national authorities out of your state. By joining Social Security, you invite the national jurisdiction into your State, violating State sovereignty.
The income tax is an indirect tax in that it is measuring the amount of privilege one gets by being a subject of the US according to the 14th amendment. White people could not be brought within the meaning of the 14th amendment until they voluntarily joined Social Security.
Visit talkradiomore dot you know the rest for more of the story.
The problem is that people aren’t aware that our money is not printed through the treasury with the US government and hasn’t been ….what we use is money printed by a privately owned bank…the irs is NOT a government agency…it’s a privately owned corporation that directly works for the privately owned bank to collect their taxes/interest due every year on our debt we owe to them/their paper money we use doesn’t belong to us….it belongs to the privately owned bank and they charge us interest on that for using it….the paper money even says what it is…a loan/note….we have been led to believe it’s all through the gov and it’s our money and wealth when it’s not….u have to learn to us the US treasury departments method of paying bills because it’s all prepaid by our signature…we are what they use to back their fake money via fraud and theft….so when people make gun of the whole sovereign citizen bs….ur insulting folks who see the theft and deceit and who are trying to figure out how to use out real money system through the treasury department lol….we shouldn’t be using paper money at all cuz it is why we have the national debt! Can’t stand when people gripe at me about best to use cash and blah blah and then blow me off like IM the idiot and don’t know wtf I’m talking about….ok! Keep using that fake money that even says it’s an iou on it! No wonder they get away with this fraud! We don’t owe taxes if we don’t use their money system…we need to learn how to use the republic …the United States of America….treasury departments method of paying our bills and buying goods we need without the use of their paper money…offsetting debt…credit and debit mean opposite of what we were taught as well…
Just in case you don't know, Tax code is written the way, That they can tax you even on bartering. Without using their money :-)))
I had a supervisor about 30 years back that said he didn't pay taxes. He said he had to go to court 1 year at a time to get back all the taxes he paid, but he got them back.
Tax on fuel, tax on tobacco, tax on deceased estates, on and on
only taxes in constitution are excise taxes . google Plain Facts About The income Tax pdf ( on lost horizons site )
BOUT TO BUY A BULLDOZER SICK OF THIS SHIT
Had TAX SUX as my VA license plate, until I moved...
... to a place with no tax
Having a 1099 job as opposed to a W-2 job opens yourself up to paying the full amount of social security
Agreed, there is so much that comes with being a 1099.
Taxes are not theft if you receive actual equitable benefit for the tax. The problem is there are so many hands grabbing for their share. You need defense of the country (note I said defense) and also the court system needs support as well as police force (not defunded) and some regulation (I said some) is necessary. That costs money but not as much as is taken and used now.
Lol, we need defense, but we've spent plenty on offense with Iraq and Afghanistan, what a waste. And Ukraine is aid, but we spend too much on that too. And Israel.
those can all be privatized, just like before... private ownership of war machines, welcome to the founding father's era, they quit paying taxes to the crown.
We don't pay tax - it is taken...
My tax bill is obscene each year. Unfortunately there isn't much you can do with the AMT concerning Income, at least not when you reach my tax bracket. However, concerning investments, rental properties - both residential and commercial, are golden due to Amortization. With most of my properties I experience no Capital Gains when I sell a property due to amortization. I hate residential properties due to the fact that people generally are immoral and selfish. With Commercial you have less maintenance and repair costs. Commercial can stay vacant longer. During down turns, that is when you acquire new properties. During up turns that is when they get rented. The key is to use cash not debt in your acquisitions.
I wish I could pay the AMT, I end up paying more with the standard tax form.
Issue I sees is that a lot of commerical property is likely to stay vacant permanent do to crime (lots of retail stores closed or closing), & office (lots of empty office space nobody wants).
Can you explain AMT to me? I have lots of real estate but just aquired my first commercial property this year. I'm not familiar with it. Also how aren't you paying capital gains when you sell?
@@kayvonmansouri AMT = Alternative Minimum Tax It is a rule in the Tax code that requires that basically supercedes the itemization of your personal tax return. If your itemized deductions hit a certain threshold in comparison to your Income, then the itemized deductions don't apply. The IRS levies a minimum tax against your income. I believe this was originally set up to keep millionaires from writing off everything and not paying income tax. However, now most who are upper middle class can get exposure to the AMT.
Concerning not paying capital gains on rental income property, you are allowed to amortize a certain portion of your properties value each year. The longer you own a property, the more you can amortize its' value. In many cases, when you sell, the amortization reduces the value of the property below your original purchase price.
I do not file tax returns or pay any income taxes and I make a lot of money. That's not because I am evading any taxes That is explicitly because the modern income tax that began back in 1913 is just an excise tax. For example Congress never had the authority to impose an income tax on The average guy living and working in any one of the 50 states of the Union earning his or her own US domestic source income
So the question is who did Congress impose the income tax on? It's actually really simple. The modern income tax has been imposed on non-resident aliens and foreign corporations deriving US domestic source income and US citizens residing abroad with foreign earned income. In tax law for example a US person is explicitly a US entity of any type that has control of US domestic source income now heading to a foreign entity of some type.
Unless you have something to do with the flow of that money or you happen to be a US citizen residing abroad earning foreign earn income you ain't got nothing to do with the income tax my friend. Stop signing w-4s and w-9s those forms have nothing to do with the average guy and never did plus a 1040 form for example has two uses one is for a non-resident alien to file their tax return and the other one is for a US person to file on behalf of the non-resident alien as a US agent for the non-resident alien with tax liability
You are the only one who understands Brushaver v the Union Pacific Railroad
@@jamesbell6182 well I wouldn't say I'm the only one :-) That case basically just confirmed income taxation by its very nature was an excise tax required to be enforced as such.
I will definitely say not filing any tax returns or paying income taxes is one of the most pleasing and satisfying things ever. Not to give two shits about filing a tax return by April 15th or telling the government what I made and all that stupid nonsense.
All you got to do is learn what the law says, learn why it says what it says and act accordingly.
Exactly, but people won't study, they prefer to be lazy and just be robbed. Courage has left the building and hardly anyone knows their rights concerning these topics.
I've only payed 4 times in my entire life (Federal income tax), I just simply don't contract with these criminals and robbers. Never had an issue.
Now that doesn't mean they won't try some skullduggery but freedom isn't free, I don't live in fear of reprisal.
@@doug753 well i promise you I am not lazy and deeply care for the country. I go out of my way to educate many on the nature of the income tax and how the legit tax called "income tax" has been misrepresented to the public to get the public to pay taxes they never owed. There was a great quote from Samuel Adams that goes like this, "It doesn't take a majority to prevail, but an irate minority keen to set brush fires of liberty in the hearts of men"
Mark Twain said, "it's easier to fool a man then to convince him he's been fooled"
Another one from Upton Sinclair goes like this, "It's difficult to make a man understand something when his salary depends upon him not understanding it"
But no lender will give me a loan for a house..i hate pay8ng taxes too. Finally paid llc in CA and its not enough to get it unsuspended. To house people in bunks so they dont pay all they earn on rent@cdistasio
In the example, the SSA tax is not 6200, it is 12400. Why? Because the company hired you, we can assume they can afford that as part of the cost of employment. That means if the tax did not exist, they could afford to pay it to you, so in actuality, you are paying the whole thing.
Yeah... the fact that money is taxed (which is just interest that's owed to the fed) like 6-9 times the FIRST time it enters circulation, but the gov't still threatens us with a shutdown every other year is kind of insane, honestly
Lol I remember telling clients I wouldn't pay income taxes if I didn't have to, and they were like, well I like the roads we drive on and the schools we have. I was quiet and was like uh huh, knowing that property taxes pay for schools and gas tax pays for roads.
Yeah, it's getting ridiculous. I don't even want to retire in this country anymore.
Which country?
Video started off with an interesting premise (the forced theft of our money by the government, which is true), but then didn't offer any solutions that have not already been out there for years. Good marketing video I suppose for his seminar, to pull in prospects for paid courses.
What economists call inflation is actually currency devaluation and is by far the biggest tax. And of course, it hits the poor, lower middle and middle-class the most.
Eritrea also taxes wherever you go. But I understated your point
Love the little line about kids. 😂❤ it’s true; becoming a parent is the single greatest thing I ever have done, and ever will do. It truly is the pinnacle of being human. Sure, it can be rough at times, but on the whole, it’s utterly amazing in the best possible ways.❤❤
He left out the mortgage interest deduction. Also it’s difficult to become a “contractor” because many states and the federal government are bound snd determined to rid the country of independent contractors
Inflation, Estate Taxes, Tarrifs, Use tax, Unemployment "Insurance", Toll Roads, Ad Valorem, Inventory Tax, Business and Professional "Licensing", SOS Registration, Hotel/Motel taxes, Traffic Tickets from Road Pirates...
Using your hobby as a business can expose you to an audit. It needs to be a legit business in all aspects. The same goes for recreational properties that you wish to report to the IRS as a "working farm". I have learned from experience, don't mess with the IRS. Give them what they require per the law or they will just come and simply take it with penalties and interest.
Yes, better to error on the side of slightly over pay taxes legally, because when you owe them, they're all over you like stink on poop
Back in time at the revolutionary war period/Constitution, people fought back, nowadays everyone just lays down cause they have no courage, they won't fight back for fear
of losing stuff... Whats freedom worth to people? back then it was life or death, now..., its a people who live in fear, and have no courage to stand against tyranny.
People have seriously changed into fearful subjects instead of courageous sovereigns, no wonder they keep piling it on, they know now their is no fight left in people.
Government serves government, not the people.
Freedom isn't free...
In regards to the Medium tax portion of the video. Unfortunately, the government prefers to tax people as W2 employees and they push new regulations to prevent people become contractors. As such new rule regulates that if you work as a contractor, you cannot provide services only to one company or directly participate in the activity that makes company money.
Q
How would we have roads? the same way we have every other business.
For example only 8 mil filed in 1939 but we had 130 mil population. In 1945 50 mil filed because of the propaganda campaign and forced payroll deductions that went along unconstitutionally with the tax act. Kind of like forced covid vaccines and propaganda campaign, but it had nothing to do with the 13th amendment which had happened 30 years prior.
Within 1:10 of watching this video im getting depressed and wanna stop living -_-'
I haven't had to pay State income taxes where I am in over 7 years now. Just sent in a formal withdraw of consent to be governed form (3 pages long).
I may do this with Feds but that depends.
If I decide to do the Feds, it is a long process and lots of paperwork. State was very easy to do.
Be aware that if you do anything to get out of paying taxes, you can and most likely be put on a watch list.
How does the US define itself?
See title 28 US Code 3002 (15)-a
Where is the US located?
See Uniform Commercial Code 9-307 (h) and title 26 US Code 7701 (9-10)
What is the legal definition of "person"?
See title 26 US Code 7701 (a)(1)
Now, tell me what you think of what you have read.
This is the way. Which kind of criminal law is it? This is not common law, and its not maritime law. I do not understand your honor =)
@r.a.6382 My honor? This has nothing to do with my honor.
These are the states' claims that they have made and are liable to. This is the statutory code they have made themselves accoungablr to. This is about holding representatives accountable to what's on their records. This does not restrain you and I, this limits the gov. If they want to exercise any kind of conduct that does not jeopardize the people's trust in them, that is.
@@AllNighterHeider he's acting like he's speaking to the judge at court
@@gridtac2911 Roger that, makes sense now. I missed the context. Thanks
Not sure I understand how someone making $100,000 a year is paying half of their salary in taxes. After inccome tax, SS, Medicaire, etc. they would have roughly 82, 500. So another $32,500 would be spent in taxes on food, rent/property, gas, etc? In order to pay $32,500 of those taxes, the person would have to have a very expensive piece of property. Or spend a LOT of money on groceries, gas, clothing, etc. If that were the case, a person making $100,000 a year would pretty much be spending their remaining $50,000 a year on everything and have nothing left over. Not to even put in savings. Plenty of people are making $100,000 a year and half of their salaries are not going to takes.
Not everyone is paying that much in taxes so the video is incorrect.
"local" tax, Auto Registration, Licensing, misc FEES, then out of our remaining 48%: Mortgage, Utilities, Insurance/s, Groceries, Fuel to get to work, daycare, PLUS PLUS PLUS ... not even talking into the BANK PONZI scheme
A system you're born into where you're required to continuely give someone else the fruits of your labor at the threat of violence is slavery, not theft.
Not sure where you get the violence part. Theft is true enough, if you don't pay they will take your property in total disregard of constitutional rights to property...
I need a way to draw up a plan to set up for retirement while still earning passive income to meet my day to day need and also get charged lesser taxes even while in a higher tax bracket.
Don't put all your eggs in one basket; instead, diversify into different asset classes to mitigate risk. If you lack extensive knowledge, consult a financial advisor.
Accurate asset allocation is crucial with an Experts guidance. I have 850k in equity, 300K cash earning 5.25 interest, 685k in 401k, 250k cash account, 120k in car assets ( paid off cars) Gold and silver bars. age is 48. My advisor helped me realign my portfolio to my risk tolerance and it boomed overtime.
pls how can I reach this expert, I need someone to help me manage my portfolio
Marisa Breton Dollard is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks
I was shocked when I found out that we pay taxes in fast food restaurants and I'm someone who doesn't make any money yet. 😂 I looked at my family like, "Is this for real?!"
Now, I'm looking into financial literacy and legal literacy because I don't want to be an idiot.
It's like everything is taxed. When you buy something, when you earn money, when you invest, when you own a car or a house, when a company pays you dividends... it's everywhere. Holy shit.
I understand now why most people hate paying taxes, but I also heard there are loopholes in which certain people are excempted from paying taxes. Probably rich and wealthy people.
just wait till you see how much taxes you will owe when your RMD kicks in... and then the IRS reports your income to the medicare folks and they fine you (taxed) for being a good saver....
The 2nd amendment is a great solution to the unconstitutional IRS problem.
As long as we keep electing liars to office, our options to keep what we earn for ourselves and our families will be nil to none.
Whine ,whine ,whine who pays for all the roads,schools, infrastructure, social security is the greatest way to help people later in life to survive the last few years
What is most sad is that people scream about how we need to tax the rich... When they are the ones that are taxed to poverty. If we could only educate people that they are the ones that fund the machine.
I am a SOVEREIGN CITIZEN ... I DONT pay Taxes, because I'm TRAVELLING ...NOT DRIVING
😅😂😂😂 Thanks for the laughs, the videos are the best😅😅😅😅😅
@@thomasjohnson7990 Whats really funny is the way people are ignorant of the fact that he is right and that they "just go along with the deception",
My people fail for lack of knowledge...problem is LEO only enforces "color of law", it's how they make their blood money.
A driver license is a commercial thing, do you drive for pay?, or are you a private citizen going about on private business? big difference.
Problem is people won't stand up for themselves and each other, rather everyone just gives in and goes along with the criminal overlords.
Ignorance and lack of courage is what's keeping people slaves to a corrupt system that regularly infringes on our God given rights outlined in the Constitution.
Even the supreme court decided you don't need a driver license to travel, (travel and driving are different) only to drive commercially, its a big hoax that everyone just goes along with.
Just like Federal income tax is a voluntary tax, you don't have to pay it if it doesn't qualify you as someone that does have to pay it.
So why pay it?...I understand how everything is set against us the common people and how they will persecute us if we don't play by their unlawful rules
but at some point you just got to ask yourself, if we always give in, they will always subject us to even more tyranny.
People just won't fight back anymore, prefer to live in fear and be robbed and have rights taken from them without a fight.