How I Help Day Traders Avoid Taxes LEGALLY!
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- เผยแพร่เมื่อ 4 ต.ค. 2024
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*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
#taxes #taxfreeliving #taxexpert #taxreduction #llc
For anyone wondering, this is basically a 2 fold scheme that's legal. You have a company where your profits are paid into. You pay yourself a small amount which is taxed at a regular rate. You company holds onto the rest of the money which will do things like buy up properties and suffer "losses" which will give you tax breaks greatly reducing the taxes that you owe. If you do not have a lot of money (meaning if you cannot buy properties or some other type of physical value that is taxed and can have losses) this type of set up is not useful to you.
Thank you, kind citizen!
Is it paid out per year or just when ever you want to take money out?
legends say that we are still figuring out what he's saying
It's Russell Wilson 😂
Lol
I get it, but this is hilarious 😂
This man speaks soooooooo much knowledge !!! Love his content
Explain what he just said then
@@ItsDanielMendez deferred compensation from
Capital gains, reducing tax Liabilities. And go away.
As day traders who needs and wants all the money in one year. I’d rather pay myself a reasonable salary and pay taxes on that reasonable salary.
I love that I found your channel. It’s cool to see someone so heavily invested in their craft.
You are a true TAX PRO… I can’t keep trying to save these videos. Should have been taking notes from the beginning..!
CRATs are far more complicated than an account you can rollover gains into and then purchase annuities with, keep in mind these type of advanced strategies are not advisable for the normal person
Im assuming they’re not worth the hassle to the average small business
The normal person isnt rich. What do they know
@@TheShadowPerson.😅😊
Well he just implied that by saying "a million dollars."
Karl, you are the frigging bomb!!! You’re intellect on the subject makes me so proud of you❤
Thank you sir. Needed this information. Will make sure to watch your videos from now on🤝
Incredible. Free game.
You are so knowledgeable, and classy!
I always wondered at what point are the profits paid out to the owner (trader)? At some point the money will be taxed but when is the right time?
That why rich not pay any taxes, while getting richer.
Flat rate tax of 10% on income, plus 20% of corporate tax of turnover.
I am still confused, I believe I need to do more research.
Wait, so I made $1M and I only get access to $80k YoY? What about the other $920K? It’s just sitting somewhere as cash and losing to inflation? Can I keep investing with the other money in the trust?
He said rental losses so I'm guessing you buy rental property
It's in another company essentially that is only paying out 8-9% of that to you. The rest of that goes towards buying properties and the like which would count towards losses to give you tax breaks. This is essentially rich people stuff and how they get away with paying less taxes. For the average person this information is moot.
Yes you can.
@@Delimon007is this only 8 or 9 % paid out per year? And I'm not interested in getting into real estate so this probably isn't right for me
@@BryceWoynilkoTaxStrategist.
What he doesn't mention is when you purchase a CRAT you are entitled to donate that entire $1million to charity upon your death. The money cannot be given to next of kin.
That’s why you set up a charitable company also 🎉Infinite money loop 😎
@@trich9367like the Clinton foundation
@@trich9367which costs money too. Are you saving money from taxes or spending more to avoid taxes? Easier to move to Puerto Rico and pay 0% on capital gains and dividends just by being a resident 😂😂
💡 really love you content fam
Where can I watch this full interview?
This is great information Don't Let this go viral The IRS snoops Are watching❗️💯
We need more of this information
Here to help if this is something you’re looking to do.
@@BryceWoynilkoTaxStrategist 🤔🧐🧐
@@kyngjaquin4632 🤷🏻♂️😎
Link for full video please
But what would I file to be taxed as a CRAT if my legal structure is a sole proprietor
Playing hide and seek with the IRS is never good.
Awesome share 💪🏾
But isn't that money taken out of the trust taxed for each transaction?
Would you rather eliminate capital gains tax or income tax?
What about a Series 1 Bond $10k with 9% ROI using capital gains returns.
Those aren’t capital gains. It’s interest taxes federally. Stock or mutual funds or ETF’s give capital gains but also if you sell stock after 1 year at a gain or loss
Nice!
Day trading to avoid short or long term? Are the capital gains avoided or deferred?
Completely eliminated
so if you die suddenly everything goes to charity and your family is screwed
Good point
Is this percentage paid out per year or month ?
Ok now explain this again but like you’re saying it to a kid 😂
Wow. A gem 💎
Which is the best index option trading broker application? In UK
It’s bs how the USA has about 330M people and the average salary in the USA is $59,384 yr with an average yearly tax of 30% which equals all of us paying close to $6 TRILLION in taxes! Yet we have to watch videos for tax breaks because they keep increasing or finding other ways of taxing us more
Dude, you do realize not all people in America are at working age? And how about the adults smooching off tax payers and those with their own businesses🤔. Did u account for all of that?
How do I get your team to respond?
Couldn't you just day trading under a LLC and write off business expenses?
Fk that. Just hit me in the head with the usual tax 😂
I’m about to be a pastor
I can't tell if you all are lazy or trolling lol. he's speaking in a language that you need to LEARN in order to understand. If you're not willing to do the self-study in order to become at least somewhat knowledgeable, then you're not worthy to reap the benefits of the potential of it.
Charitable Remainder Trust is a tax sheltering vehicle that needs to be drafted by a competent attorney and CPA. The Charity is going to to GET the REMAINDER of the trust thus tax write off. The money insurance policy or annuity that the TRUST purchases on the individual benefits the individual and the heirs. Very complicated. There are other TH-cam videos out there that go in depth about them. They do cost $$$ so it’s not something for us in washed heathens.
Idk anything of what he just said lolz😂
I can hear that sexy tax lady saying if the sole purpose of the set up for a charitable remainder trust is to not pay taxes this is not a sustainable entity and the IRS will collapse this
wow
Damn dude that's juicy
I do it illegally
I AA individual la want to make money should consider not talking shit about other people getting braids. These other people are paying top dollars to AA community hair braiders. They are supporting your people. Think on it. Stop being racist and gatekeeping. It didn't work for the Germans either.