Go offline with the Player FM app!
Why The Rich Pay No Taxes and You Feel Left Out
Manage episode 481641972 series 3420908
In this episode, we dive into the often-asked question: Why don't the rich pay taxes? I break down common misconceptions about income, taxes, and wealth accumulation. We explore the distinction between ordinary income and passive income, and how leveraging assets plays a crucial role in minimizing tax liabilities.
Learn why trading time for money continues to generate tax obligations and discover strategies to build and utilize assets for sustainable wealth growth. Join me for valuable insights on creating a financially stable and tax-efficient business, and remember to seek professional advice tailored to your individual circumstances.
What You'll hear in this episode:
[0:50] The Big Question: Why Don't the Rich Pay Taxes?
[1:45] Understanding Income and Taxes
[3:15] Strategies for Wealth Building
[5:10] Leveraging Assets for Tax Benefits
[7:15] The Importance of Financial Planning
If you like this episode, check out:
Profit First for Real Estate Investors with David Richter
How to Properly Classify Assets and Expenses
Is Hiring A Tax Strategist For You?
Want to learn more so you can earn more?
Visit keepwhatyouearn.com to dive deeper on our episodes
Visit keepwhatyouearncfo.com to work with Shannon and her team
Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/
The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
779 episodes
Manage episode 481641972 series 3420908
In this episode, we dive into the often-asked question: Why don't the rich pay taxes? I break down common misconceptions about income, taxes, and wealth accumulation. We explore the distinction between ordinary income and passive income, and how leveraging assets plays a crucial role in minimizing tax liabilities.
Learn why trading time for money continues to generate tax obligations and discover strategies to build and utilize assets for sustainable wealth growth. Join me for valuable insights on creating a financially stable and tax-efficient business, and remember to seek professional advice tailored to your individual circumstances.
What You'll hear in this episode:
[0:50] The Big Question: Why Don't the Rich Pay Taxes?
[1:45] Understanding Income and Taxes
[3:15] Strategies for Wealth Building
[5:10] Leveraging Assets for Tax Benefits
[7:15] The Importance of Financial Planning
If you like this episode, check out:
Profit First for Real Estate Investors with David Richter
How to Properly Classify Assets and Expenses
Is Hiring A Tax Strategist For You?
Want to learn more so you can earn more?
Visit keepwhatyouearn.com to dive deeper on our episodes
Visit keepwhatyouearncfo.com to work with Shannon and her team
Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/
The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
779 episodes
All episodes
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.