209: You’re Being Taxed To Death with Kristin Tate
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 8 October 2018
⏱️ 53 minutes
🧾️ Download transcript
Summary
#209: You’re getting taxed in sneaky ways - both everywhere you look, and also where you DON’T look.
Americans spend more on taxes than housing, food and clothing costs combined.
Real estate has the best tax shelters - tax-deferred exchanges, rent income exempt from Social Security and Medicare tax, and tax depreciation sheltering more of your rent income.
Today’s guest, FOX News and CNN TV Contributor Kristin Tate, uncovers hidden taxes that you don’t even know that you’re paying.
Stealthy taxes are killing you. They’re often disguised as fees, licenses, and surcharges.
Once citizens pay a new tax, they get used to it, and just keep paying it.
Housing taxes, transportation taxes, utility taxes are often hidden. You learn where.
Your tax revenue often goes to a “general fund”, not where it “should”.
Graduated Tax vs. Regressive Tax - definition, relevance. Sin taxes.
We discuss what you can do to beat excessive taxation.
Kristin’s book, “How Do I Tax Thee” is on Amazon.
I bring you today’s show from Locarno, Switzerland.
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Listen to this week’s show and learn:
02:24 Real estate has the best tax shelters.
06:01 Venice, Italy.
10:02 Don’t cheat on your taxes.
11:03 Investing in cash-flowing Chicagoland and Tampa Bay.
14:56 “Read my lips. No new taxes.”
16:29 Kristin Tate interview begins.
19:10 Stealthy taxes.
20:50 Once citizens pay a new tax, they get used to paying it.
22:20 Housing, transportation, utility taxes.
28:03 Your tax revenue often goes to a “general fund”, not where it “should”.
36:19 Graduated vs. Regressive tax.
42:13 Sin taxes.
45:27 What you can do.
49:11 Famous quotes about taxes.
Resources mentioned:
Mortgage Loans: RidgeLendingGroup.com
Cash Flow Banking: ProducersWealth.com
Turnkey RE: NoradaRealEstate.com
QRP: TotalControlFinancial.com
Transcript
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| 0:00.0 | Welcome to Get Rich Education. I'm your host Keith Weinhold. You are being taxed everywhere you look, |
| 0:07.7 | and you're even being taxed where you're not looking. Well, just how bad is it? Where are these |
| 0:13.2 | hidden taxes and what can you specifically and actionably do about it? Today on Get Rich Education. |
| 0:21.3 | MC Laubcher is the host of the Cashflow Ninja podcast and president of producers' wealth. |
| 0:27.1 | He is on a mission to help you achieve financial independence and freedom as soon as possible. |
| 0:32.5 | He achieves this by integrating the infinite banking concept with real estate investments |
| 0:37.4 | to increase your |
| 0:38.8 | returns and recapture cash flow that you are not even aware of that you're losing. MC shares the |
| 0:45.4 | number one strategy of investors in his holistic wealth creation course at your own banking system.com. |
| 0:56.0 | Finally, total control financial gives you checkbook control of your 401k and IRA money to |
| 1:01.4 | invest in real estate. It's time to get your retirement money into your own checking account, |
| 1:07.2 | but you've got to avoid the little-known tax that you'll pay with any self-directed |
| 1:11.3 | IRA. Instead, it's time for the QRP. Learn more and get your free copy of the QRP book by text |
| 1:18.8 | messaging, QRP in all capital letters to 72,000. Get Rich Education is brought to by Ridge Lending Group, producers wealth, |
| 1:31.2 | Lauda Real Estate, and Total Control Financial. |
| 1:35.5 | You're listening to the show that has created more passive income for people than nearly |
| 1:40.1 | any show in the world. This is the powerful get rich education. |
| 1:59.6 | Welcome to GRE. I'm your host, Weinhold from Salem, Massachusetts to Salem, Oregon, |
| 2:05.3 | and across 188 nations worldwide. This is get rich education. You're not just being taxed everywhere |
| 2:13.5 | you look. Sadly, it gets even worse than that because you are also being taxed |
| 2:18.2 | where you're not looking. Now, fortunately, if you invest in real estate, you've got access |
| 2:24.9 | to some of the best tax shelters in the entire tax code, maybe the very best if you own |
... |
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