You guys are the best!! I love financial education. This is better then being in college and I love your energy and personalities. Never dull!! Thanks guys
Man Had to watch this vid over and over again. Priceless info at it best 👌. Life is good! You guys are blowing it up! Thanks for this amazing strategy content! Aloha!
I would love to have one of your books, what your CPA isn’t telling you! I’ve dealt with 20 years of finding things out the hard way, because she assumes what she knows, I know.
I would like to set-up a traditional SDIRA and IRA/LLC, have the LLC purchase lake lot property with combination of some money down and a non-recourse loan. Then add a Roth SDIRA to use to convert the value to ROTH over a couple years. Can this be done? If so, do I need both SDIRAs in place when I create the LLC or can I add the Roth SDIRA later? Also, what are the mechanics of paying the tax created from the conversion?
In pretty woman, Richard Gere's character did leveraged buyouts+reorganization+asett stripping thru subsidiary sales and debt+repackage for public market = profit (classic vulture capitalism, in the true definition of the word). I guess that's sort of a form of complex arbitrage, but it's a heck of a lot more than that. Also love Jason Alexander (George of Seinfeld fame) as his right-hand man in the movie.
It's legal to avoid taxes and illegal to evade taxes. I consider it my responsibility to protect my $ so I can support my local economy and avoid needing help from ANYONE.
So if we invest 2 million in roth and bought a house from that and the house value reached to 5 million, after selling the house can we take out 2 million anytime and still 3 million would be in roth which can be accessed at 59 ??
It because thy all use a private family foundation non operating 501c3 on the back end with a complex trust 1041 as the front end. Plus life insurance policies that they take loans from= infinite banking.
Don't let them confuse you with taxes versus income taxes. Focus on the income tax and remember passive income meaning investments in property or perhaps you have stock is taxed at a different rate and there are special rules but the people that have versus the people who actually have to work and their income is coming from the work instead of investment.
@Pinned. by Mark Kohler Hi Mark, I tried to what's app you and it said you were not on what's app so I am probably doing something wrong. Really curious on your thoughts about syndicated conservation easements as it relates to tax deductions to offset taxes due to and IRA conversion from regular to Roth IRA. thanks. 214-679-7503
Great show gentlemen! Big fan. You guys touched on the concept a little bit, but can you do a show or segment on “infinite returns” in real estate investing, leveraging debt? Thanks, keep up the great work!
How much money you make and your income are very different things. That's really the entire debate. This is also true for many in the middle class. Appreciation of investments inside a retirement account or your home aren't income either
The short answer to the question posed here, is no, they don't really only pay 1% of their income. People act like the term income isn't straightforward because they have a political agenda, but if you treated them like they propose billionaires get treated, they would call that unfair. The rules should apply to everyone equally, regardless of success. Fix the social security tax cap. Up the earned income tax credit for low income earners. There's my suggestion, rather than just complaining without offering a solution.
The super-rich borrow against unrealized gains indefinitely. The IRS doesn't mark to market but lenders do. With enough assets one can play hot potato forever. Basis resets upon inheritance. The fire definitely needs fuel.
😂😂😂 42:53 “It’s a slave labor! For your own kids! And, it’s a write-off! It’s beautiful! It’s an American Dream!…’’ What is? Slavery? Or the write-off opportunity from child labor? 😂😂😂
Where are your offices located? I would like to sit down with someone that wants to help me grow my money not just take my money. Anything in Sacramento, CA?
Let's say you have $10,000 in profits from your rental for the year. If you pay $5,000 for fees like taxes HOA insurance repairs and so forth then for tax purposes you only have earned $5,000 because you use $5,000 for the maintenance of the property. That's the simple terms because I'm pretty simple but I do have rental property
If Peter Theil made his money in a ROTH IRA like youve presented, then he paid no taxes. Not even 1%. Isnt that correct? So, he had no taxable income most likely. Dont get me wrong, I dont have a problem with it, but early on you were trying to present it as if these 1% in the propublica report actually paid more than the 1% in taxes. It seems that if the 1% followed your plan then propublica may very well be correct. How did Theil put a 500k Facebook investment in his Roth in 2004?
Mark, How will Biden's new Tax Policy changes (assuming the Democrats get the votes) affect this strategy? This is the ONLY risk, other than a complete collapse in the Real Estate market, which is also going to happen if Biden gets his way. In particular the Step-Up changes and 1031 exchanges. Any comment on that ?
Crypto is not Stock....that BS pisses me off to no end when people try to lump it into that Asset Class. Crypto/Blockchain is a totally different Asset Class. Matter of fact, in the coming 5 - 10 years all Traditional Asset's will be made Digital (tokenized) and put onto a Blockchain. You will be able to buy, sell and trade 24/7 and in & out of them many times a day if you want to. Settlement times are in seconds, for next to nothing. P.S. Why do people keep calling Roth IRA tax free? They are not, you pay tax up front on the amount of money you are putting in. Yes, at that point it does grow tax free. Example....if you put in $6000.00 you pay tax on that $6000.00, but from that point going forward what was left over after paying taxes on the $6,000.00 it will grow tax free...meaning it is all yours.
Your earned income is taxed and of course “earned income” is not a Roth IRA until you put this income in a retirement vehicle called a Roth IRA. Cheers
What’s wrong with people? It does matter what you own and how you write it off. We take advantage of as much as we can because the left is always trying to taking more. Trump didn’t do us any favors with his vision either. It actually hurt us.
Melissa Davis-Trump policies helped me with more W-2 income in my pocket, lower taxes for my Corporation, lower gas prices for my disel and gasoline autos, the list goes on. Perhaps you prefer left policies where they take your earned $ and tell you how to spend it?
You guys are the best!! I love financial education. This is better then being in college and I love your energy and personalities. Never dull!! Thanks guys
I'm gonna have to snag these books
great show! thanks so much!
I appreciate how he explains the Trifecta every episode. It helps me understand more and more
thank you
Thanks guys.
Love it!!
@Mark. If you pledge your assets, you anyway have to pay it back. Where does that source come from?
Thank you for sharing your ideas. You’re truly an inspiration😊
when does it make sense to create a LLC for rental property and when does it create value?
Thank you. Unique success story setup from your work. Would enjoy a word directly
Email my marketing director jack@markjkohler.com !
Mark and Mat thanks for your time to Educate me on this my question is the you hava A office and san Antonio thanks
Man Had to watch this vid over and over again. Priceless info at it best 👌.
Life is good!
You guys are blowing it up!
Thanks for this amazing strategy content!
Aloha!
34:27
Readers are leaders ❤
I would love to have one of your books, what your CPA isn’t telling you! I’ve dealt with 20 years of finding things out the hard way, because she assumes what she knows, I know.
I would like to set-up a traditional SDIRA and IRA/LLC, have the LLC purchase lake lot property with combination of some money down and a non-recourse loan. Then add a Roth SDIRA to use to convert the value to ROTH over a couple years. Can this be done? If so, do I need both SDIRAs in place when I create the LLC or can I add the Roth SDIRA later? Also, what are the mechanics of paying the tax created from the conversion?
how many roth ira can you have?
my roth ira company only does crypto.... so how can i use my roth as LLC, open another roth?
In pretty woman, Richard Gere's character did leveraged buyouts+reorganization+asett stripping thru subsidiary sales and debt+repackage for public market = profit (classic vulture capitalism, in the true definition of the word). I guess that's sort of a form of complex arbitrage, but it's a heck of a lot more than that. Also love Jason Alexander (George of Seinfeld fame) as his right-hand man in the movie.
😄 the bigfoot map
How do you get private placements then?
It's legal to avoid taxes and illegal to evade taxes. I consider it my responsibility to protect my $ so I can support my local economy and avoid needing help from ANYONE.
excellent quote !!! bravo , thank you for share
Not true ! You CAN EVADE taxes legally. Just by Muni bonds and 1031 exc. real estate.
....So there I just legally evaded taxes
So if we invest 2 million in roth and bought a house from that and the house value reached to 5 million, after selling the house can we take out 2 million anytime and still 3 million would be in roth which can be accessed at 59 ??
Ali, to get your question answered, please submit it to podcast.mainstreetbusiness.com/ - thank you!
It because thy all use a private family foundation non operating 501c3 on the back end
with a complex trust 1041 as the front end. Plus life insurance policies that they take loans from= infinite banking.
Don't let them confuse you with taxes versus income taxes. Focus on the income tax and remember passive income meaning investments in property or perhaps you have stock is taxed at a different rate and there are special rules but the people that have versus the people who actually have to work and their income is coming from the work instead of investment.
The Tony stark of Tax strategies. I mean if you close your eyes it almost sounds like Tony Stark Robert Downey Jr. Lol
Mark, what do you think of SCE"s, are they a legitimate way to reduce income taxes when doing a conversion from a standard IRA to a Roth IRA. thanks
@Pinned. by Mark Kohler Hi Mark, I tried to what's app you and it said you were not on what's app so I am probably doing something wrong. Really curious on your thoughts about syndicated conservation easements as it relates to tax deductions to offset taxes due to and IRA conversion from regular to Roth IRA.
thanks. 214-679-7503
That is a scammer. You tubers don’t use WhatsApp. Go to his website and find his number
I’m always amazed by many that cannot grasp “Progressive” tax rate and the scary thing is it shows right in the tax forms. Smh 🤦♂️
Great show gentlemen! Big fan. You guys touched on the concept a little bit, but can you do a show or segment on “infinite returns” in real estate investing, leveraging debt? Thanks, keep up the great work!
@Just Yess I think I have an experts who does that
How much money you make and your income are very different things. That's really the entire debate. This is also true for many in the middle class. Appreciation of investments inside a retirement account or your home aren't income either
What happens when you have a child over 18 and pay them from my Schedule C? I also have a S-Corp...we have 2 between hubby and I. Also 16 yr old.
Investment property is good to buy only when there is upside.right now? I don't think so
The short answer to the question posed here, is no, they don't really only pay 1% of their income.
People act like the term income isn't straightforward because they have a political agenda, but if you treated them like they propose billionaires get treated, they would call that unfair.
The rules should apply to everyone equally, regardless of success.
Fix the social security tax cap.
Up the earned income tax credit for low income earners.
There's my suggestion, rather than just complaining without offering a solution.
Yes you are right
Hello 👋 Mark or team do you guys do taxes for owner operator in the truck industry. Please reply
Call our office at 888-801-0010 and we can see what we can do to help!
The super-rich borrow against unrealized gains indefinitely. The IRS doesn't mark to market but lenders do. With enough assets one can play hot potato forever. Basis resets upon inheritance. The fire definitely needs fuel.
😂😂😂 42:53 “It’s a slave labor! For your own kids! And, it’s a write-off! It’s beautiful! It’s an American Dream!…’’
What is? Slavery? Or the write-off opportunity from child labor? 😂😂😂
Where are your offices located? I would like to sit down with someone that wants to help me grow my money not just take my money. Anything in Sacramento, CA?
We serve clients in all 50 states, if you would like to schedule a consult, call 88-801-0010
You missed the point on a loan from bitcoin, I believe. I think he was asking about borrowing against his own crypto.
The insight
Does owning a home really help to cut your taxes?
Let's say you have $10,000 in profits from your rental for the year. If you pay $5,000 for fees like taxes HOA insurance repairs and so forth then for tax purposes you only have earned $5,000 because you use $5,000 for the maintenance of the property. That's the simple terms because I'm pretty simple but I do have rental property
Not really since the interest deduction was capped
If you want to buy a property with the Roth IRA, Do you have to go through the custodian every time for funding and paperwork signatures ?
If Peter Theil made his money in a ROTH IRA like youve presented, then he paid no taxes. Not even 1%. Isnt that correct? So, he had no taxable income most likely. Dont get me wrong, I dont have a problem with it, but early on you were trying to present it as if these 1% in the propublica report actually paid more than the 1% in taxes. It seems that if the 1% followed your plan then propublica may very well be correct.
How did Theil put a 500k Facebook investment in his Roth in 2004?
You have a lot of fans on Reddit r/AdvancedTaxStrategies we would love it if you could do an AMA
Why can't Bernie, Elizabeth Warren, A.o.c understand this?
Mark, How will Biden's new Tax Policy changes (assuming the Democrats get the votes) affect this strategy? This is the ONLY risk, other than a complete collapse in the Real Estate market, which is also going to happen if Biden gets his way. In particular the Step-Up changes and 1031 exchanges. Any comment on that ?
Hey Doug, we did a video about his proposed tax plan, hopefully it will answer your question: ua-cam.com/video/IPkD068Qeuc/v-deo.html
1% is too much.
Can you send me some books please.
Does anyone know any good and verified broker I could trade with?
.. I’m tired of all the stress
@@user-zj5nq4cg6z SCAM!!! Go to his website!. He doesn't use Whatsapp.
Why is Trump in the Thumbnail pic? He doesn’t belong in the same photo with Bezos, Musk, and Buffet.
Haaaa "just a nerd"... a cute nerd
F/O/R /G/U/I/D/A/NC/E
W*H*A*T*S*A*P*P*M*E
+/1/9/7/9/2/3/1/0/3/6/1
Crypto is not Stock....that BS pisses me off to no end when people try to lump it into that Asset Class.
Crypto/Blockchain is a totally different Asset Class. Matter of fact, in the coming 5 - 10 years all Traditional Asset's will be made Digital (tokenized) and put onto a Blockchain. You will be able to buy, sell and trade 24/7 and in & out of them many times a day if you want to. Settlement times are in seconds, for next to nothing.
P.S. Why do people keep calling Roth IRA tax free? They are not, you pay tax up front on the amount of money you are putting in. Yes, at that point it does grow tax free. Example....if you put in $6000.00 you pay tax on that $6000.00, but from that point going forward what was left over after paying taxes on the $6,000.00 it will grow tax free...meaning it is all yours.
Your earned income is taxed and of course “earned income” is not a Roth IRA until you put this income in a retirement vehicle called a Roth IRA.
Cheers
But the one percent employ a lot of people
What’s wrong with people? It does matter what you own and how you write it off. We take advantage of as much as we can because the left is always trying to taking more. Trump didn’t do us any favors with his vision either. It actually hurt us.
@Melissa Davis How did his vision hurt you?
Melissa Davis-Trump policies helped me with more W-2 income in my pocket, lower taxes for my Corporation, lower gas prices for my disel and gasoline autos, the list goes on. Perhaps you prefer left policies where they take your earned $ and tell you how to spend it?
But I believe investing in crypto currency is the best ...is really feeding I and my family ..