EP300: The Tax Code Is Rigged for the Rich/p>
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The majority of Americans despise tax season, but this is only because they don’t understand how the tax law works. The tax system has one clear purpose: to incentivize Americans to participate in certain behaviors.
On this episode of Investing in Real Estate, I’m discussing how the US tax code is rigged in favor of rich people. I’ll talk about the true purpose of the tax code, and how you can reap the largest tax benefits. If you’ve ever wondered about how to pay less in taxes, today’s show is for you!
More About This Show
If you want to build true wealth in the United States, you must undergo an enormous mindset shift: the tax code benefits investors and entrepreneurs. In order to stimulate the economy, the government writes incentives into the tax code.
This is not to punish low income or middle class families, it’s simply the most efficient way to build the economy, create jobs, and provide housing. If you start a business or invest in performing assets, you’ll undoubtedly see the implications on your tax bill. In fact, taxes are the number one way that real estate investors make money.
So if you find yourself owing more than you’d like in taxes, it’s time to start playing by the rules of the game. Instead of complaining about taxes, you just need to change your approach and understand that the tax code is filled with advantages that you can take advantage of.
Once you understand the law, there are tremendous benefits that you can receive. The tax law is simply a way that the government enforces policy. All you have to do is understand how the tax law works and start thinking about taxes from a business perspective, then you can build wealth.
If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.
On this episode you’ll learn:
- What is a tax shelter?
- How do low income earners suffer from the tax code?
- How can you change your negative associations about the tax code?
- What does the tax code have to do with tennis?
- And much more!
Episode Resources
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