Tag: tax avoidance
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This One Investing Tax Trick Could Help Totally Avoid Taxes (2023)
You won’t want to miss this big Investing Tax Trick! There are only two things we know certain in this world…Death and Taxes. We all know that we have to pay capital gains tax when we sell an asset. However, this one trick may save you from paying any taxes at all when investing! And it has never been more applicable to investors than in todays economy!
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This Secret is how the Wealthy will Avoid the 87,000 New IRS Agents!
The US government passed the “Inflation Reduction Act” which will give the IRS the funds to hire 87,000 new agents. Who are these agents coming for? And how do the wealthy avoid being audited…or even taxed at all? AJ reveals the secrets the wealthy use to get around the tax code.
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You’re paying way too much in taxes; Spend more time working for yourself
Taxes are a topic that very few people understand. I constantly hear the terms credit, deduction, and write-off, all intermingled in an incoherent way that is certain to signal a lack of tax code understanding. I can’t tell you how many times a married friend or co-worker has said, “man, this mortgage interest is really helping me on my taxes”, not understanding that they would need to deduct approximately $25k in said interest in order to change their tax situation (barring other large deductions). Fear not, I’m going to give you a 5-minute crash course on taxes, not by using fancy terms, or by quoting tax code, but by laying it out in numbers instead! With that said, I do need to give a few definitions to get you started.