How to Avoid Paying Taxes LEGALLY
ฝัง
- เผยแพร่เมื่อ 20 มิ.ย. 2024
- Rich people LOVE sharing secrets about how to make more money and reduce their taxes to each other. However, these strategies can be used by people with incomes big and small. Unless you're in these circles, it may be hard to hear about these secrets. Not for you though. You got me, Your Rich BFF here to walk you through ways to legally reduce your taxes.
DISCLAIMER: I do not promote tax evasion or criminal activity. This video is used for education purposes to increase financial literacy.
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You’re a phenomenal asset to us all Vivian! Please keep up the great content, I learn so much valuable information!
Rich people's favorite hobby is making more money. Taxes just happen to be one of the obstacles. Real estate just happens to have a lot of tax advantages, hence the reason why it's one of the best investments... just as long as you are willing to put in the work.
Rich BFF. would you please do a video on how to find a good accountant ? How much one should expect to pay for these services and what to expect when you do land a good one !
Google reviews and Reddit
Thank you for giving us 4 and not just 3!! Really appreciate the content of your videos and the intention of your channel.
Thank you! I don’t understand everything but I will do in-depth research on what you said.
Thanks Vivian! You’re the best!
Wooo... Thanks Vivian! Great info...
love your content, pacing and energy on point!
Thank you! This was so eye opening and very helpful. Just in time for Tax season.
More like this, please! And you’re awesome!
Thanks Vivian this beyond helpful
Best video you've made. More like this PLEASE!
It's wonderful learning from you!! I have a question? Does the house exchange only apply to a "business " person or can anyone take advantage of that tax deferred benefit?
I sold in August and then purchased in September.
Thank you for the advice. Could you ever do one on taxes and medical equipment payments bills and such.
Wow!! such amazing info. Thank you Vivian!!!!
Great stuff!!!
Thank you so much.
i appreciate the large text pop ups as you explain as math/finance is not my strong suit and this feels like learning an new language
Will you do a video on purchasing bonds, please? Types of bonds and how much to get started. I find your videos helpful. 🙂
Thank for sharing 👏👏🌺
I love your channel! 🌷🌸🌷
Great video, i learned alot!
Thank you.
Thank you
I am not rich but I donate clothes, furniture, etc to charity every year. The cost of the items are not alot but not zero.
Wait you do regular videos, too?! Time to binge LOL
ok i knew some of these, but i didnt know how. specially the fine art.
Hi Vivian! Can you do a video on SEP IRA vs Traditional IRA for self-employeed/small business owners?
You’re awesome!
Thanksssssss
Hi I've been following you for a short time and wanted to know what your thoughts were about those investment groups? The ones that say pay 3000 and you'll get all this amazing information. I've seen these everywhere but could never afford them. Would you recommend buying them????
Im personally looking at Invest Diva with Kiana Danial.
Thanks for all the advice you give!
Does this apply for Australia?
Can you do a Canadian edition of this ?
Any tips for people with no dependents? Can we save on taxes ?
Thx s
How do you get proof of appraised value on those asset pieces? You know… in case I get audited… 😅
Where do I get money to invest in rental properties
Interesting but I don't think this will apply to south Africa as well
I love your videos and what you do. You're helping alot of people out especially young people like me still in their youth but I've noticed that the videos are rushed, there is just so much to talk about and very little time because you want your entire point to fit into the video. So if you don't mind please make a video or a Yt short recommending books that will set us up for financial wisdoms. Books that talk about taxes, fundamentals on investing and also explain the terms and concept that a beginner investor would come across. Thank you❤️
Holy crap!
Benjamin Franklin once said: "Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety."
6000lbs is the GVWR, not the curb weight
Please more tax saving videos
Donation's do not reduce your income dollar for dollar - unless it is a business deduction. Donation's are typically an itemized deduction.
I really like the content, but please do something about the background music. It's way too loud.
FIRST to save on taxes! 😝😎
Watching this 2x
How does the putting money into a Roth to save money on taxable income work? I have a 401k but say I wanna put money into a roth ira to save on taxes as well. How will the irs know to tax this amount?
With Roth 401(k)/IRA you pay tax upfront, so you want to favor contributing to Roth 401(k) while in relatively low tax bracket. Favor contributing to traditional 401(k) while in relatively high tax bracket.
@@alrocky mmmm i see. Need to see what my company has me under either Roth or traditional then
@@alrocky ty!!!
❤
Nice information. Please remove distracting music.
Hi Vivian can you make a video for people who are like me almost 50+ to invest for retirement? Thanks so much
It's never too late to start saving for retirement. What's most important is that you start planning out the expected costs per year and how you will have that money. If you have nothing saved, start looking into retirement accounts like 401K or Roth IRA depending on your income. The IRS allows a "catch-up" period where you can contribute more to the IRA.
I thought the title was “…how they avoid TEXAS…” lol
Can you talk target date funds
Don't use target date funds in taxable account
Or just do a Roth conversion 👍
Last way: create digital assets. Royalties taxes are lower than other income taxes.
Getting professional help with your finances isn't that expensive and given most people's level of financial illiteracy and outright innumeracy it's kinda dumb that most people will send their cable/isp $200 bucks a month but won't spend the same to build a plan with a CFP/CFA and have quarterly check-ins.
I think most people would rather complain about things being unfair vs sitting in some office and having someone tell them they need to think hard about how much eating out two nights a week is worth to them.
It's a shame to see all of the bot messages that target people that need financial help.
Uuu, I feel so rich now.
Let’s talk about maxing your IRA contribution through your employer to avoid taxes. This is something poor workers are not told. If you make $40k or whatever and you contribute $15k to IRA you lower your taxable income and sometimes the taxable income is so low you won’t pay taxes
Omg thank you!
You mean 401k not IRA, IRA is usually not with an employer and you can't contribute 15k.
@@livingunashamed4869 company Simple IRA plan
@@MaritsaDarman Ok gotcha thought you meant a regular ira
@@MaritsaDarman @ $40k is *12%* Federal Tax Bracket, which favors Roth treatment. Better to pay the 12% federal tax than to defer that tax.
Pink door 83
Buy the politicians to make what you do legal, then make sure that little tax law that applied to them is also not enforced.
If you want to be successful , you take most responsibility for your emotions , do not place the blame on others . In addition to making you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
Let's not forget that the biggest payouts in the market doesn't come from great performance but rather it's great promotions. Stay invested , work on your mind, body and finance and you will be amazed how far you will go in the game of life
I urge everyone to start somewhere now no matter how small, this is literally the time for that, forget material things, don't get tempted, I became more to get more. I believe the things of the world are good, and if I stay committed to the process I will enjoy the benefits of my risk and hard work in due time
Well there are some profitable investments one can do conveniently at this moment which are
Estate
: Share
: Stock
: Nft ...
: Pump and Dump
Forex trading is really profitable, investing in it now will be the wisest thing to do especially with the current rise in BC and other stocks.
Can I marry you? I'm a woman but I can be a man if you want😂
You are! the holy grail my friend❤
Thank you for sharing🙏🏻
I don't know why so many regular people don't like avoid paying taxes
I will forever be indebted to you you've changed my whole life continue to preach about your name for the world to hear you've saved me from a huge financial debt with just little investment, thanks so much Mrs. Karen Norton
Mrs Norton changed my life because of the high profits I got from investing with her.
You invest with Mrs Norton too? Wow that woman has been a blessing to me and my family.
@Tara Coldero investwithnorton💯
bot.
so why exactly should i pay my taxes illegally?
I made $183,000 this year and I do own a home and have a child but I’m still scared to file this year! Teach me sensei! 🥺
Vote red
@@guyfioreii8901 umm. George Santos… Do we really want more like him? 🤭🤭I don’t care red or blue, I’m not worried about them. I’m making wealth on my own. Vote purple! 💜
Amazing video and thank you for breaking it down!! Despite the economic downturn, I'm so happy have been earning $ 60,000 returns from my $7,000 investment every 10days..
That's awesome. I dealt with crypto last year on Robinhood, tried some index but didn't take it out so I lost it by the end. Any consistent strategies?
She is also my personal trader, crypto analyst and account manager. With an initial invested capital of $8000,it yielded returns of over $22000 within two weeks of trading. I was really impressed by the profit Actualized
Jessica's concept is key in beating all odds to excel in this form of online commodity. Her management team is quite impressive so far! With $4k I made a profit of over 28,863 dollar
M s g h e r v i a W h a t s A p p
I have broken through 10k, 20k and got my eyes on 30k! Champagne stays popping. She is too awesome☺️
So many bots...
EVs tend to weigh more than gasoline cars. Just sayin 😊
Tax the Rich and feed the Poor.
Financial advice from a woman who goes on dates for free food? There must be a lot of desperate 2s looking to takeout a 4 at best. It is the oldest recorded occupation right?
she was a wall street trader at JP Morgan, I'm sure she knows a lot more about finance than your divorced, unemployed, no tinder matches having basement dweller ❤
Thank you for everything! Girl I need your email so we can keep in touch!