How To (LEGALLY) Pay $0 In Taxes | Why The Rich Don't Pay Taxes with David Perez
Wealthy Way
Ryan Pineda
4.9 • 2.2K Ratings
🗓️ 10 May 2023
⏱️ 64 minutes
🧾️ Download transcript
Summary
Tax specialist David Perez joins us today to discuss ways to minimize tax payments and build your own economy. His book, "Build Your Own Economy," emphasizes the importance of retaining control over your money and making informed decisions about its usage. Working with the right tax professional, such as a proactive accountant or tax strategist, is crucial. While a tax attorney helps with IRS issues, a tax strategist focuses on navigating changing tax laws, seeking opportunities within rules and loopholes. If you've faced an audit, it may be time to find a new accountant or consider working with a tax strategist. Planning for taxes should be done throughout the year for best results, not just in April.
Book a call with David's team here - https://taxplanexperts.com/
Check out David's book, "Building Your Own Economy" here - https://www.amazon.com/Building-Your-Own-Economy-INDEPENDENCE/dp/B0997T2Z4Q
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https://www.wealthyway.com/
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About Ryan Pineda:
Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.
Ryan has amassed over 2 million followers on social media and has generated over 1 billion views online. Starting as a minor league baseball player making less than $2,000 a month, Ryan is now worth over $100 million. He shares his experiences in building wealth and believes that anyone can change their life with real estate investing.
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Transcript
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| 0:00.0 | I go to my guy who was handling my tax returns, |
| 0:02.6 | because he's a CPA, because I trusted him. |
| 0:04.3 | Yeah. And he just said, |
| 0:05.2 | Hey, you made money. You pay taxes. |
| 0:07.4 | And I said, that can't be right. |
| 0:09.2 | No, no, you can't do that. |
| 0:10.2 | You can't do that. You can't do that. |
| 0:11.5 | And also, you know, you need to actually think about paying taxes. |
| 0:14.5 | What are you talking about? |
| 0:15.6 | Like, this makes no sense. |
| 0:16.8 | He told me if I didn't pay those taxes that I should never vote again. |
| 0:20.9 | I'd be fine not voting if I didn't have to pay taxes. |
| 0:23.0 | Yeah. The coolest thing about making a bunch of money |
| 0:25.4 | is you get to decide where you put it. |
| 0:26.9 | And I always tell people, if you get audited |
| 0:28.8 | and they don't find anything, you're overpaying in tax. |
| 0:31.6 | Yeah. But if they say, you know what? |
| 0:33.4 | You are super clean, bro. Good job. |
| 0:35.5 | That means you overpay, dude. |
| 0:37.0 | Yeah. They're like, we found it boss. |
| 0:38.8 | He's way paying over. Just, just, just let him alone. |
| 0:42.2 | Let him do what he's got to do. |
... |
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