271: Permanently Reduce Your Taxes with Tom Wheelwright

Permanently Reduce Your Taxes with Tom Wheelwright

by Keith Weinhold | Get Rich Education

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 >

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

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