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Earn Your Leisure

EYL#310: How to Legally Avoid & Lower Taxes (Tax Secrets The Rich Don’t Want You to Know!)

Earn Your Leisure

iHeartPodcasts

News, Careers, Investing, Business News, Business, Education, Entrepreneurship

4.97.9K Ratings

🗓️ 11 October 2024

⏱️ 78 minutes

🧾️ Download transcript

Summary

In this YouTube Live episode with Ms Business, we break down essential tax strategies to help you legally avoid and lower your taxes. Learn the secrets that the wealthy use to reduce their tax liabilities and keep more money in their pockets. We’ll cover important topics like business taxes, corporate tax rates, and how to maximize your deductions to save thousands.


You’ll get valuable tips on leveraging deductions like Section 162 for business expenses, retirement contributions, health savings accounts (HSAs), and tax credits like the Earned Income Tax Credit and Child Tax Credit. We also explain how to reduce your taxable income through investments in municipal bonds, starting a business, and taking advantage of long-term capital gains.


Whether you're a business owner, investor, or individual taxpayer, you'll discover actionable steps to minimize your taxes. We also cover advanced strategies like cost segregation and bonus depreciation, showing how you can maximize your savings through real estate investments. 


If you’re tired of overpaying in taxes and want to learn the secrets the rich don’t want you to know, this episode is for you!


#Taxes #TaxSecrets #BusinessTaxes #TaxDeductions #EarnYourLeisure #CostSegregation #RealEstateTax #FinancialFreedom #TaxStrategy



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Transcript

Click on a timestamp to play from that location

0:00.0

When you're with Amex Business Platinum, you have the card that helps you do more of what you love.

0:06.0

Like a flexible spending limit that adapts with your business.

0:09.0

And with five times membership rewards points on flights and prepaid hotels booked on amex travel.com,

0:15.2

going the extra mile for your business is even more rewarding.

0:19.0

That's the powerful backing of American Express.

0:22.4

Not all purchases will be approved. Term supply. Learn more at

0:25.4

American Express.com slash AMX Business.

0:28.0

Earners, what's going on? Listen, EYLU is relaunching revamping retooling that's right we're creating a new educational

0:37.4

experience that's more expensive.

0:38.8

Chia tell what we got?

0:39.8

Yes 2023 we got a lot in, a lot playing for you guys.

0:44.5

So you know that EYOU already includes monthly financial

0:48.2

planning calls with me, Book Club calls with Troy,

0:51.2

real estate calls for MG the mortgage. Got access to the home buying. with

0:55.0

real estate calls for MG the Mortgage Guide access to the home buying blueprint,

0:55.8

volume one and volume two.

0:57.4

Part of the revamp will include 27 local chapters from across the United States, live interactive teaching hands-on, not just

1:05.8

pre-recorded videos, plus 15 brand new curriculums.

1:10.9

The biggest just got bigger. Head over to EY L University.com.

1:16.0

That's EY L U N I V E R S I T Y dot com. See you there. Okay. S-I-T-Y-D-C-Y-D-C-Y-T-C-Y-T-C-E-S-I-T-E-T-E-T-E-T-E-S-I-T-T-E-T-E-T-T-T-E-T-T-T-T-C-C-T-C-T-C-C-T-C-C-C-T-O-C-C-C-T-T-O-T-C-O-O of our how-to series two weeks ago we talked about real estate

1:36.4

with him gee no mortgage guy and all things you need to know about buying home make sure you

1:41.4

check that episode out absolutely and last

...

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