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How to PAY ZERO Taxes on Capital Gains (Yes, It's Legal!) 

Toby Mathis Esq | Tax Planning & Asset Protection
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Can you really pay no taxes? Earning money and paying taxes to go hand and hand. If you have an income, then chances are Uncle Sam is going to want his piece of the pie.
However, is there a way to pay no taxes at all? Let's see if you can pay zero taxes in 10 minutes or less.
A substantial number of the people paying taxes are overpaying due to their own ignorance. We are here to help change this.
Claim Your FREE Anderson Business Advisors 45-minute Investment Strategy Session to receive your personalized investment strategy and business planning tips:
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The whole purpose of this video is to try and help some of you out there achieve the lowest taxes possible. Some tips and tricks could potentially benefit those of you who watch till the end. We hope that you find the video helpful during your next tax season.
If you're interested in more ways on how to eliminate taxes, then look over the channel. We have many videos to help those out there to help lessen your tax burden.
As always, we hope you found our knowledge helpful in your life and that they inspire you to reach greater heights. For those who enjoyed the content, leave us a like to show your approval. If you do not want to miss out on future videos, then be sure to subscribe to the channel. Finally, leave no questions unanswered by heading over to the comments section. Once again, thank you for being part of our amazing community, and we hope you join us again in the future.
If you would like to learn more about Toby Mathis, Esq. then please visit
aba.link/tobysocial
0:00 - Types of income taxes
1:02 - Active income
3:27 - What's important about portfolio income?
6:16 - Capital Gains
9:07 - Passive Income
12:10 - Best tax treatments
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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at aba.link/tobyaba
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice. of the information contained herein without seeking professional legal advice.
#capitalgains #taxes

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9 май 2024

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Комментарии : 966   
@TobyMathis
@TobyMathis 2 часа назад
Learn how to use the IRS tax code to your advantage and keep more of what you earn during this free webinar. aba.link/9f108b
@sdutch9132
@sdutch9132 Год назад
Thank you, just found this. So happy to have come across. Never had a way to explain this or show to folks who rail against billionaires & corporations. Not to mention this might help someone I know.
@alliesteam9776
@alliesteam9776 2 года назад
Very helpful for understanding and tax planning, thank you!
@TobyMathis
@TobyMathis 2 года назад
Glad it was helpful! Thank you for watching our videos!
@aironwhite6533
@aironwhite6533 Год назад
Very nicely laid out. I was just talking to a coworker about that although not as detailed and it blew his mind.
@intentionally-blank
@intentionally-blank Год назад
Excellent - Subscribed! Thanks Toby.
@Blublod
@Blublod Год назад
This was excellent! Instant subscriber. I very much appreciate the simplicity with which you presented this. Keep up the good work.
@Ritchie757
@Ritchie757 Год назад
Completely understandable. Thank you for sharing your knowledge with us.
@kylewoodcreations
@kylewoodcreations Год назад
Thanks for the comprehensive condensed overview. Well done.
@jemariowashington9106
@jemariowashington9106 Год назад
First time watching any of your content and safe to say I am glad I found your RU-vid Channel! This one video helped tremendously as there is not much sound advise and info regarding taxation
@tgarrels
@tgarrels Год назад
Thank you for your easy to understand explanations on so many areas like estate and tax planning etc. I like that you speak clearly, no stammering, or using a ton of fill words like um, uhh, and a....because you obviously know exactly what you're talking about and dont mince words. Ive been watching all your vids lately, as I've been working 35 years saving money and building a nest egg this entire time, but dont have a trust or a will or nothing, so i def need to do something.
@izumispa2993
@izumispa2993 Год назад
Absolutely invaluable, concise and interesting! THANKYOU!
@TobyMathis
@TobyMathis Год назад
Glad it was helpful!
@t.b.1596
@t.b.1596 Год назад
I am impressed with your knowledge! Great video and you have a new subscriber...thank you!
@breaktide251
@breaktide251 Год назад
Thank you so much for the video it was very helpful and easy to understand
@LocoCocoJorge
@LocoCocoJorge Год назад
The most comprehensive, to-the-point, 13-min explanation of taxes I've seen in a while. Thank you, Toby. You've got a new fan and a subscriber!
@peterodriguez5636
@peterodriguez5636 Год назад
🤣🤣🤣🤣🤣
@thom3820
@thom3820 Год назад
Agree, i have researched endlessly and used Turbo tax to guide me. This was great. IRS need to bone up also. Perhaps they really too much on software as i do.
@onmykneesforYehova
@onmykneesforYehova Год назад
Thanks me too, my accountant didn't help me out at all and he was a friend.
@rrichard5515
@rrichard5515 Год назад
Agreed!
@Portia620
@Portia620 2 года назад
THANK YOU!! This is an amazing channel!!! I have learned so much in a small amount of time and know so many more grey areas exist but you chose to really sun up the main points! ❤️🥂
@TobyMathis
@TobyMathis 2 года назад
Thank YOU for being such a great part to the community!
@Angie-im1xq
@Angie-im1xq 3 месяца назад
@@TobyMathis Love your video! I am confused when it comes to Capital Gains. I only use Uphold and i trade within Uphold. Bitcoin for XRP, Etherium to XLM etc... I only cashed out $700 in 2023. However it says my capital gains are $626,500 and my Total Income is only $85.00. So on turbo tax it is saying I own over $200K in Taxes!! I am very confused. I only cashed out $700 total. All the rest were just trades i made within Uphold.
@amitbuch
@amitbuch Год назад
Eye Opening really. Thanks a lot. Will be watching all your videos for sure.
@thomasforbestv5388
@thomasforbestv5388 Год назад
Toby, excellent content. Love your education.
@tonyv4801
@tonyv4801 2 года назад
Great info, thank you so much!
@TobyMathisAttorney
@TobyMathisAttorney 2 года назад
Thank you🙂
@beetee4295
@beetee4295 2 года назад
Thank you for the education Toby, easy to understand and very useful, as usual. Two 👍 thumbs up!
@peterodriguez5636
@peterodriguez5636 Год назад
🙏🤣🤣🤣🤣🤣🤣🤣
@mikie53146
@mikie53146 Год назад
Good presentation Toby. I'll be watching more. Happy New Year.
@judahsamaria5250
@judahsamaria5250 2 года назад
Thank you for your insight. Shared this video with my friends. Keep up the good work.
@TobyMathis
@TobyMathis 2 года назад
Thanks for sharing!
@rapidrabbit7175
@rapidrabbit7175 Год назад
I suggest everyone look up the difference between regular dividends and qualified dividends (with respect to the Zero, 15, and 20 percent). Regular dividends are taxed as income.
@donnallyking5168
@donnallyking5168 2 года назад
Great info. Great presentation. Good voice for listening to you. Suggestion - only use white chalk. Colored chalk does not show up. Keep up the good vids.
@chrisjurewicz6339
@chrisjurewicz6339 Год назад
Thanks for the information.
@piccoxpy7579
@piccoxpy7579 Год назад
Thanks for your video content(s) & Great!!!
@RicardoPicena
@RicardoPicena Год назад
Subscribed on the first video! Can’t wait to learn how to use my equity to help me expand & also learn how to keep more of my wealth
@vigilance8240
@vigilance8240 2 года назад
Thank you for that! So glad your out there giving this great content.
@TobyMathisAttorney
@TobyMathisAttorney 2 года назад
Thank you🙂
@vigilance8240
@vigilance8240 2 года назад
Do you have a tax adviser program? I would love to learn more1
@davidscott_vibe586
@davidscott_vibe586 Год назад
Love the information Sir! Keep it coming.. :)
@davidmoolekampcpa3370
@davidmoolekampcpa3370 Год назад
Really awesome video thanks Toby
@sakamoto5195
@sakamoto5195 Год назад
Thank you so much! You were fully understandable. This is the stuff we should have been taught in school!
@baybarsedturner2
@baybarsedturner2 Год назад
They don't teach you this in school for a reason.
@Jose-sy1je
@Jose-sy1je 7 месяцев назад
You cannot buy the same stock right back. You need to at least a month pass if you buy back the same stock. By that time you may have already lost more in case it goes up.
@electrobassist
@electrobassist 11 месяцев назад
I think mentioning wash sales in relation to capital losses is important. In your example with Bitcoin, when you sell at a loss and then buy the same or similar security within a certain time frame, you can no longer claim capital loss.
@potatoskunk5981
@potatoskunk5981 9 месяцев назад
Yes, this is critical to understand, because overlooking this rule could be very expensive.
@Jose-sy1je
@Jose-sy1je 7 месяцев назад
That's exactly right. And sometimes those securities can go up significantly in value while you wait and then you feel like you don't have an entry point anymore
@Smouse168
@Smouse168 3 месяца назад
This is why you don’t take financial advice from a RU-vidr . I was out when he misspelled royalties
@nagadsby9413
@nagadsby9413 2 месяца назад
@@Smouse168 I noticed that supposed misspelling also; however, play the video back at that point in slow motion and you'll find he writes his actual "o" a certain way, and the following supposed "o" like most people write an "a". All this just for what it's worth.
@jeffreycuellar241
@jeffreycuellar241 Год назад
Great video, great content. Keep up the good work!
@TobyMathis
@TobyMathis Год назад
Thanks, will do!
@izitmepattavina8651
@izitmepattavina8651 Год назад
Wow i loved the way your carried this through.
@robertvecci262
@robertvecci262 2 года назад
Good video. It might be a good idea to concentrate on dividends, because the preferential rates only kick-in for "qualified" dividends. Even though IBM pays "dividends" out of accumulated earnings and profits, the taxpayer needs to meet a specific holding period. There are also dividends paid by non-taxable entities like REITS, which are taxed at ordinary rates. There are also passive and publicly-traded Master Limited Partnerships. The distributions are generally not taxed, but they are subject to loss limitations, where the K-1 losses accumulated and are recognized upon disposal.
@peterodriguez5636
@peterodriguez5636 Год назад
🤣🥜🤣🤣🤣🇺🇸
@g.t.richardson6311
@g.t.richardson6311 Год назад
The holding period is only 60 days before or after to make them qualified Not an issue with me long time holdings Lol ibm a great one Also have REITS so I do have some ordinary, but some of those are return of capital with zero tax MLP are a pain in ass , sold my IEP Icahn holdings just to avoid schedule K not coming till late march. Same thing with royalty trust simply a pain in the ass passive income schedule E nonsense Don’t want deal with them, I’ll stick with regular dividends,,if that costs me few hundred a year so be it.
@teslainvestor1743
@teslainvestor1743 2 года назад
Holy shit. My mind just blew. Thank God for this channel.
@notsharingwithyoutube
@notsharingwithyoutube 2 года назад
You have some great information on your channel. Thanks for sharing.
@TobyMathis
@TobyMathis 2 года назад
Thanks for watching!
@ejb1
@ejb1 Год назад
Hi Toby!! Great to see this!! Geno
@davidbrown4868
@davidbrown4868 11 месяцев назад
Toby, you do such a great job of explaining difficult concepts. Thank you.
@TobyMathis
@TobyMathis 11 месяцев назад
Thank you for the compliment!
@kb81ccme15
@kb81ccme15 Год назад
I've been so nervous about investing due to ALL the damn taxes!! 😫 I appreciate your content SO much!! 🙏
@starkmad8346
@starkmad8346 11 месяцев назад
Same here i have tons of savings but im scared i will get taxed to death, I paid taxes earning it and spending it then when i make profit with it! WTF
@JOZoSo.
@JOZoSo. 8 месяцев назад
So you don't want to make $100 because you are afraid to pay $25 in taxes? Lol, makes sense to me.
@calvinlipscomb3652
@calvinlipscomb3652 8 месяцев назад
NEVER let the tail wag the dog. Have a good tax advisor and pay for that service and you will do well.
@iangoddard57
@iangoddard57 6 месяцев назад
Learnt Tax in ten minutes. This is so very helpful as a guide to what I can do next. Brilliant thank you again. I’ve learned more in two of your videos than I knew in the last 20 years.
@punchawhale
@punchawhale Год назад
Subscribed! Great explanation at its simplest form
@TobyMathis
@TobyMathis Год назад
Awesome, thank you!
@blorax5179
@blorax5179 Год назад
Yup, said another way - if you make your money from owning things, you pay a lower percentage of your gains, but if you make your money from working - sweat of the brow - you pay a higher percentage. I wonder whether owners of property or workers made these rules?
@KGB1697
@KGB1697 Год назад
I love this channel! To add to this great video, for a dividend to generally be considered long term cap gain or “qualified”, each share of stock or etf must been held for more than a year (there are exceptions). If you hold it less, then it would generally be considered short term cap gain which is taxed as ordinary income. Some reits are never eligible for long term either. I could be wrong so anyone please let me know
@g.t.richardson6311
@g.t.richardson6311 Год назад
Dividends have nothing to do with capital gains , just hold the stock for 60 days, it’s qualified for Most part (always rare exceptions) REIT s are rarely qualified for dividends, but when you sell they are qualified for long term capital gains
@JP_Flys
@JP_Flys Год назад
That was over 10 minutes sir! Just having fun. Great content!
@victoriabarnett4279
@victoriabarnett4279 Год назад
Very interesting! Thanks for making my head spin. I’ll be thinking taxes for hours now!
@Mav0585
@Mav0585 2 года назад
Awesome video but maybe a white board to replace the chalk board!
@mrsmith1339
@mrsmith1339 Год назад
Most articles on retirement income fail to mention 0% interest on Qualified Dividends and Long Term Capital gains We am far from rich, but we make more net income in retirement than we did working. Over 1/2 of our income is from Qualified Dividends at 0%. Our effective tax rate on $120,000 last year was 3.5%. One must be careful to stay under the taxable income limit if you want 0%. Borrowing against equities could be a great alternative to Reverse Mortgages and Annuities, neither of which is attractive to me.
@zencalmfree
@zencalmfree 2 месяца назад
How do you get 0% on long term capital gains
@rickonethousand6304
@rickonethousand6304 2 года назад
More good info. Much appreciated!
@TobyMathis
@TobyMathis 2 года назад
Thank you, both for the comment and for watching the video!
@dee3606
@dee3606 Год назад
Thanks Toby. Great content. I’m soo grateful that you are sharing your knowledge. 😇
@TobyMathis
@TobyMathis Год назад
We appreciate that!
@lennyd8412
@lennyd8412 2 года назад
hello, Have a six figure capital gain from the sale of a second home. Besides opportunity zones fund. How can I reduce my basis to lessen my tax burden?
@BrianK-zz4fk
@BrianK-zz4fk 10 месяцев назад
Good overview for novice tax people. Personally I like to build losses through high dividend securities because their value goes down based on the amout they payout, thus not a true loss of capital. Then use them to offset gains in something I feel has lost its growth potential.
@joed8452
@joed8452 9 месяцев назад
Amazing content!! Thank you for making these videos.
@TobyMathis
@TobyMathis 9 месяцев назад
Thank you for watching the content. Don't forget to subscribe for future videos.👍
@markstoll9636
@markstoll9636 Год назад
you are very good. love this content. learning. thx
@HenryBuysHomes
@HenryBuysHomes Год назад
Thanks for great content on this! As a real estate investor and Realtor, I have felt like I still paid too much in taxes for 2021 from all the active income I generated. Subscribed!
@timisaac8121
@timisaac8121 Год назад
Yes!! His comment caught me too!! I pay so little, but not yet "zero"!! Best wishes man!
@bmbrooklyn
@bmbrooklyn Год назад
Great content! How can a real estate agent offset taxes? Could you please create a video? Also if I sell a property, how can I apply a 1031 to avoid capital gain? Could you please explain this? Thanks 🙏
@quikxfl
@quikxfl Год назад
1031 you must purchase another property. It is a roll over type of exemption
@janetchoe3311
@janetchoe3311 Год назад
I believe you have 180 days to buy a property after you sold your house.
@Lambert7785
@Lambert7785 2 года назад
really good videos, thanks
@dougjohnson1199
@dougjohnson1199 Год назад
i wish I'd met you 35 years ago! great post! Keep 'em coming.
@kingofthesofas
@kingofthesofas Год назад
If you sell a stock or bitcoin at a loss to do tax loss harvesting then you have to wait 30 days to buy it back otherwise it counts as a wash sale FYI
@zzbudzz
@zzbudzz Год назад
I believe it applies to stocks but not cryptos...yet
@808BizStuff
@808BizStuff Год назад
There is NO 30 day "wash rule" on BTC or any crypto.... yet.
@GODHATESADOPTION
@GODHATESADOPTION Год назад
Not inside a roth...
@mwint1982
@mwint1982 Год назад
For bitcoin they'd like you to wait a day or two (take on risk)
@ryanmac5708
@ryanmac5708 Год назад
Hot damn Mr Arthur, if this is true that's a great point amigo and thankyou.! I'm gonna have to watch this twice and take a few notes🔥
@cindyb1938
@cindyb1938 Год назад
On stocks, there is a wash sale rule if you buy within 30 days before or after sale, loss will be disallowed.
@TheALPod
@TheALPod 2 месяца назад
not sure about this, I get taxed on dividends even when reinvesting
@vitolazlo5767
@vitolazlo5767 2 месяца назад
Tax loss harvesting , you need to wait 30 days to buy back the stock you sold to mark the loss.
@luceaschild
@luceaschild Год назад
What a fantastically informative video. Thank you!
@TobyMathis
@TobyMathis Год назад
We a glad you enjoyed it, thanks for watching!
@Portia620
@Portia620 2 года назад
This guy is good! Interesting stuff!
@texasRoofDoctor
@texasRoofDoctor Год назад
Great content. I may buy some of this overpriced real estate for rental...after giving it time to decline if it is going to at all.
@DreamFirms
@DreamFirms 2 года назад
Awesome discussion!
@TobyMathis
@TobyMathis 2 года назад
Glad you enjoyed it!
@davidaucoin8769
@davidaucoin8769 Год назад
Does he have a platform?
@goldcic
@goldcic Год назад
🐥
@benriding8678
@benriding8678 Год назад
Just think, even tyrannical governments like Russia have a flat 15% tax and none of these BS schemes.
@wa210
@wa210 Год назад
Just be a donald and not pay taxes.
@XRP_4Me
@XRP_4Me Год назад
Amazing, thank you!!
@rickrjw
@rickrjw 2 года назад
I learned more about Capital Gains tax than 5-years working with my accountant. Great content! When my (new) channel grows a little more closer to your size (and I can hopefully add value for you) we should do a collab! Until then keep killin' it!
@rickonethousand6304
@rickonethousand6304 2 года назад
The red chalk is less visible than the white. I strongly suggest a whiteboard.
@richarda996
@richarda996 Год назад
Then the white would not show up.
@aaronhenrichsen2704
@aaronhenrichsen2704 Год назад
Thanks for the good advice. I think the proposal to sell Bitcoin at a 30% loss and then repurchase it would be hit with a wash-sale rule. You'd have to buy a different asset (like Etherium or stocks to make it work)
@emariaenterprises
@emariaenterprises Год назад
Buy XRP.
@jellybeanbitcoin
@jellybeanbitcoin Год назад
I thought that was (still) allowed on crypto.
@ghostmanscores1666
@ghostmanscores1666 Год назад
Wow! you're clever like Bernie Madoff!
@mr.chickennoodles9017
@mr.chickennoodles9017 Год назад
This is allowed, but dont rebuy the same asset you sold within 30days
@wilsonbill5533
@wilsonbill5533 Год назад
Does not apply to crypto. Yet.
@joseco1978
@joseco1978 Год назад
Great content!
@MyBelch
@MyBelch Год назад
Good breakdown of tax types. I'm nearing 59 1/2 and about to cash in some IRA mutual funds. Need to go slowly to keep CG from knocking me up a bracket.
@paulmorrow8372
@paulmorrow8372 Год назад
I normally cringe in these types of videos and watch for entertainment. I have a Masters in Taxation from one of the top schools in the country and work in tax planning for a very large corporation. This video does of great job of simplifying some complex tops down to 13 minutes. Great job on the video!!
@peterodriguez5636
@peterodriguez5636 Год назад
Wake up
@paulmorrow8372
@paulmorrow8372 Год назад
@vip47287 no, you will owe taxes on that income. More details would be needed to figure the tax on that income, but it would likely be at a 18.8% tax rate (15% cap gain rate plus 3.8% net investment income tax). This is only the federal tax and doesn’t include state taxes.
@paulmorrow8372
@paulmorrow8372 Год назад
@vip47287 I highly recommend consulting with a CPA in your area.
@bryan2332
@bryan2332 Год назад
My understanding is that if you sell a stock at a loss and buy it right back (as you suggested) you can't take it as a tax loss. By not waiting 30 days, you have created what is known as a wash sale
@steveh4968
@steveh4968 Год назад
You are correct.
@julianthelovingone
@julianthelovingone Год назад
The best video I’ve ever watched!!! Thank you very much I’ve already subscribed
@TobyMathis
@TobyMathis Год назад
Thank you for subscribing!
@recyclespinning9839
@recyclespinning9839 Год назад
Thanks for being honest, for years and years I was making pretty low income of 30k . My buddy used to tell me in this area its poverty level about and he arrogantly would say I don't pay hardly anything into the tax system like he did, making $100k plus. I always paid my taxes , declared every penny and always was paying big money into the tax system for Social Security , etc, and whatever amount my accountant told me to mail in since I was self -employed.
@alliesteamc3546
@alliesteamc3546 Год назад
We heard there is a federal law which may be ratified soon which required annual filing or person go to jail or pay $10,000. Or more. It was mentioned by a lawyer on RU-vid. Is this true? When will that go into affect? Please do a RU-vid video on this if it’s true, thank you!
@TobyMathis
@TobyMathis Год назад
Here at Anderson Business Advisors, we are always watching for new updates and changes in laws and reporting requirements. We typically do not change strategies until something has been completely implemented. In this situation, I am not sure what federal law you are referring to in regards to reporting requirements.
@thelucylady4780
@thelucylady4780 Год назад
Love your information. Please get a white board, can’t see the chalk board
@seanchang2763
@seanchang2763 Год назад
How do you pay zero taxes on capital gains? I don't think you mentioned it.
@hemlo7494
@hemlo7494 Год назад
One way he mentioned is to apply capital losses.
@elitedragon328
@elitedragon328 Год назад
Another is to borrow against it.
@nauy
@nauy Год назад
He’s misleading you. You can’t. You can offset with capital losses or never realize the gains. Bottom line, you pay zero capital gains tax only if you have zero capital gains. The borrowing part is to borrow against your portfolio to create liquidity instead of realizing capital gains to do it.
@antilogism
@antilogism Год назад
Short term gains are at the ordinary rate but long term gains may be taxed at 0% "if your taxable income is less than or equal to $40,400 for single or $80,800 for married filing jointly or qualifying widow(er)." Similar to qualified dividends.
@justinhollislange
@justinhollislange Год назад
@@antilogism Good point. I will add that your AGI will be increased by the amount of your capital gain thus causing your taxable income to increase as well. Taxable income is your AGI minus the standard deduction or itemized deductions.
@CB-jq7fe
@CB-jq7fe Год назад
Thank you and subbed!👍
@TobyMathis
@TobyMathis Год назад
Thanks for the sub and thanks for watching!
@Ron-zr6se
@Ron-zr6se Год назад
Good advice for those not willing to go where they and their finances are treated best.
@peterholmes2089
@peterholmes2089 2 года назад
Two points: 1) SS is more than just a tax. If you are not paying that over your working life, you will not get SS when you retire. We can discuss it's ROI, but it is a bit misleading to say it is a tax. 2) You can't sell a crypto at a loss and buy it straight back to avoid taxes. The wash sale rule prevents that.
@thinhdoan3373
@thinhdoan3373 Год назад
@@skellington2000 Skellington is correct on both.
@fungidungie
@fungidungie Год назад
@@thinhdoan3373 awkward
@binweng4937
@binweng4937 Год назад
Thanks for the infor. But the heading is little misleading. There is not a legal to Not Pay taxes unless you dont make income, no income no tax. But if you make money, you do pay your fair share. All you have pointed out is taxes deferral, which, with proper tax planning, yes, can defer paying taxes, offset cap gain with cap loss, QOZ investment, 1031 exchange, accelerated depreciation, etc... these are ways to defer tax payments, but NOT not paying taxes. The legal way is giving away your income, such as charitable donations, gift money to your kids and family members to minimize the amount of estate, these are the examples where you reduce your income or net worth to an extent that your income or estate is below the taxable threshold, thus not paying taxes or paying less taxes. You may update your heading to be more precise. Thanks for sharing!
@billywilliams6853
@billywilliams6853 Год назад
But I have never paid any taxes, since I dropped out of school. I have been on welfare all my life. White folks working for me. I goes fishing and drinking wine.
@MarvelousCards
@MarvelousCards Год назад
He won’t change it cause it helps get the views/clicks.
@matthewsgaming5333
@matthewsgaming5333 Год назад
Loved this !
@LP-MeAndMyShadow
@LP-MeAndMyShadow Год назад
Hi Toby. I've been watching your channel for a while and finally thought I would say "hi"! I appreciate all you do.
@TobyMathis
@TobyMathis Год назад
Hey! Thank you!
@theyuha
@theyuha 2 года назад
If you sell and buy right back isn't that called wash sale? Dont you get fined for that or lose out?
@robertdinicola5834
@robertdinicola5834 Год назад
Yes. He probably is saying you can buy it right back after the 30 days required. He just wasn’t clear. Good catch though.
@mr.marvelousmess6986
@mr.marvelousmess6986 Год назад
@@robertdinicola5834he was clear - he did not mean in 30 days.
@TobyMathis
@TobyMathis 7 месяцев назад
Claim Your FREE 45-minute consultation to receive business planning tips and asset protection. 👉 aba.link/16b486
@primexaos
@primexaos Год назад
Useful, thank you
@mrnkognito
@mrnkognito Месяц назад
Great info 👍🏼, thank you
@dc-wp8oc
@dc-wp8oc Год назад
Great video. Will have to watch again to absorb all the great content. Does starting a business afford a person more ways to reduce tax liabilities? Does Toby have a video on how to select an honest, capable tax attorney?
@mikegollihugh7992
@mikegollihugh7992 Год назад
Good job!!
@133mhz.
@133mhz. Год назад
Great! Thank you sir.
@peterhaywood4111
@peterhaywood4111 Год назад
Wow, great content! Many thanks!
@TobyMathis
@TobyMathis Год назад
My pleasure!
@marshallstephens7356
@marshallstephens7356 Год назад
Thanks for sharing!
@TobyMathis
@TobyMathis Год назад
Thanks for watching!
@scrapperstacker8629
@scrapperstacker8629 2 года назад
Thank you!!!
@mikes2294
@mikes2294 Год назад
You constantly blow my mind. Thank you Toby.
@TobyMathis
@TobyMathis Год назад
Thank you for watching our content!
@tonyduart6414
@tonyduart6414 2 года назад
Thisguy has a common sense, everyman approach to this. Makes sense. Very relatable.I subscribed
@glorgau
@glorgau Год назад
He can't spell.
@rickrolda9421
@rickrolda9421 Год назад
You are fantastic!
@ralphbrubaker1882
@ralphbrubaker1882 Год назад
Great presentation, however the information is beyond my ability to comprehend the steps to participate! Keep up the good work!
@rrichard5515
@rrichard5515 Год назад
Your best video yet! Sometimes your videos are too long. Keep them around 10 minutes. If people need extra long explanations and examples, they are likely used to senseless TikTok videos and they will not watch a long video. Your target audience, in my humble opinion, are the up-and-coming or small to medium business owners that are trying to learn and develop simple business strategies.
@pattyarmstrong8386
@pattyarmstrong8386 8 месяцев назад
Love the way you explain everything.....
@TobyMathis
@TobyMathis 8 месяцев назад
Thanks a lot, I appreciate you taking the time to watch my content!
@DanBelsky_Health_Money_Love
@DanBelsky_Health_Money_Love 5 месяцев назад
Excellent advice already working!!!! specially for Real Estate and Stocks.
@ediem4222
@ediem4222 Год назад
Wow! You are an excellent educator.
@TobyMathis
@TobyMathis Год назад
Thank you! 😃
@rowanwood5397
@rowanwood5397 Год назад
great video!
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