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Radical Personal Finance

749-Analyzing The NY Times Trump Tax Return Story (In Depth)

Radical Personal Finance

Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP

Self-improvement, Business, Education, Investing

4.21.9K Ratings

🗓️ 28 September 2020

⏱️ 130 minutes

🧾️ Download transcript

Summary

The New York Times recently published a story on the analysis of President Trump's tax returns. 

Allegedly, Trump has not paid any income taxes in 10 out of the last 15 years.

In today's podcast I analyze the financial planning behind the details in the article and teach you how you can use the same techniques Trump uses to shelter his income from taxes.

Joshua

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to Radical Personal Finance, a show dedicated to providing you with the knowledge,

0:04.8

skills, insight, and encouragement you need, live a rich and meaningful life now, while building

0:09.7

a plan for financial freedom in 10 years or less.

0:12.0

My name is Joshua, I am your host and today on

0:13.7

Radical Personal Finance. We're going to discuss the recent New York Times study. The

0:18.9

President's taxes, long concealed records show Trump's chronic losses and years of tax avoidance.

0:26.5

I'm going to go through this story with you in an extremely detailed way.

0:30.3

I'm going to give you an overview, tell you what's in the article, what's not in the article,

0:34.0

and then we'll go through it in an extremely detailed way so that you can get an idea of some

0:41.1

lessons that you can learn and apply to your own life and I'll talk to you about

0:46.0

what's behind the scenes so that you can feel much more competent when discussing this

0:52.2

or really any other kind of article.

0:55.0

This article in the New York Times is going to read,

0:58.0

I guess I should say obviously it's going to read differently

1:00.0

depending on the political background that you come from, but it's going to be read very differently. read differently

1:04.0

based on the political background that you come from.

1:03.0

But it's going to be read very differently

1:05.0

based upon whether you have any knowledge or familiarity

1:08.0

with the tax code in general, how taxes work in the United States,

1:12.0

how business works, etc.

1:14.0

Or if you don't, and for that reason,

1:17.6

it's really fascinating to look at people's responses

...

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