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    271: Permanently Reduce Your Taxes with Tom Wheelwright

    271: Permanently Reduce Your Taxes with Tom Wheelwright

    FromGet Rich Education

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    271: Permanently Reduce Your Taxes with Tom Wheelwright

    FromGet Rich Education

    ratings:
    Length:
    36 minutes
    Released:
    Dec 16, 2019
    Format:
    Podcast episode

    Description

    Your biggest expense in life is taxes - income tax, sales tax, property tax, capital gains tax, inheritance tax. Taxation is not adjusted for inflation. I explain. Wealthability’s Tom Wheelwright joins us about how to optimize Trump’s 2017 Tax Cuts And Jobs Act to your advantage. A tax deduction is the amount by which your taxable income is reduced.   Income tax is on net income. Sales tax is on gross income.   The $10,000 SALT deduction limit mainly hurts coastal residents. Bonus depreciation substantially aids real estate investors - new and used property, and residential and commercial. Learn how the 20% pass-through deduction benefits you. Why you never own real estate in a “C” Corporation. Learn about Section 179 tax advantages. Opportunity Zones benefit those that invest in the renovation of distressed assets.   I bring you today’s show from Anchorage, AK.  __________________   Resources mentioned: Tom’s website: Wealthability.com Mortgage Loans: RidgeLendingGroup.com Turnkey Real Estate: NoradaRealEstate.com eQRP: Text “QRP” to 72000 or: TotalControlFinancial.com JWB New Construction Turnkey: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Find Properties: GREturnkey.com Follow us on Instagram: @getricheducation
    Released:
    Dec 16, 2019
    Format:
    Podcast episode

    Titles in the series (100)

    This show has created more financial freedom for busy people like you than nearly any show in the world. Wealthy people's money either starts out or ends up in real estate. But you can't lose your time. Without being a landlord or flipper, you learn about strategic passive real estate investing to create wealth for yourself. I'm Show Host Keith Weinhold. I also serve on the Forbes Real Estate Council and write for Forbes. I serve you ACTIONABLE content for cash flow on a platter. Our bottom line in real estate investing together is: “What’s your Return On Time?” Where traditional personal finance merely helps you avoid losing, you learn how to WIN. Why live below your means when you can expand your means? Since 2002, international real estate investor Keith Weinhold owns multifamily apartment buildings to single family homes to agricultural real estate. New episodes are delivered every Monday.