How the U.S. Tax System Works
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I really appricate this video. I learned so much in so little time, I'm going to try to real retain this information and help family with this.
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The United States tax code is filled with rules, regulations, exemptions, exceptions, loopholes, and tax breaks. Most people have no idea how to take advantage of the tax code to minimize their taxes. As a result, they end up paying the highest possible tax rates every single year. This causes a lot of financial distress.
Waste of a video
In this video, tax expert Karlton Dennis explains how the tax system really works and how people who are educated about key tax issues can actually save a fortune in taxes. Many of the most important tax breaks revolve around real estate investing. Karlton explains why this is the case and how you can take advantage of it.
Once you understand how the tax code really works and the various incentives that the government has sprinkled throughout it, generating substantial tax savings becomes a lot more feasible. Crucially, this video also covers why there are significantly more tax breaks available for business owners compared to W-2 employees.
Perfect
CHAPTERS:
0:00 Intro
guess why im watching this
0:27 There Are Two Different Tax Systems in the U.S.
4:34 Using Real Estate Investing to Reduce Your Tax Bill
They won't bother you as long as you pay.
You can do what you want with your money. The mentality in the USA is totally different from that in Europe, meaning Europeans.
5:34 Taking Out a Loan to Buy an Investment Property
7:48 Why the U.S. Government Prefers Hard Assets
9:20 Outro
*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
Thanks. 👍
#taxes #irs #ustaxcode
And there are those who don’t wanna play 😂
More User Perspectives
https://youtu.be/4gY2wtmcADo?si=9hQ-o784z2JOtFer
@MarkiemarktranzBroooo I love the info I be dancing to the background music lol.
@adriangonzalez5669F IRS
@Irishanelsschool's will never teach you this
@FiscafyWhat about tax hack?
@MarthaSimons1Great video, thank you for the motivation!
@CalReinertAll the United States taxes or at least Michigan’s goes to the credit unions or credit union one through Eduard. When he was out west or it’s how or why the irs was always west of us and like Chinese and how porn hub exists and like how all this driving and everything went on. I just didn’t know whether or not to hate the bank, but I for sure hated service workers. Everything became like a service job and the economy has sucked ever since hustling of like OxyContin ended, it meant we had to take it daily because they were parasites and I wanted to do evil things from the other sector or I felt screwed over or that everything that I allowed was fake, like teleportation or being between two points of silicon nitride. Because with credit unions it was all cash and each member ripped a bank off before. I closed my account out and everything changed, it wasn’t State Farm related or that meant the whole state of Michigan is a farm. I closed it because of parasites and running away from it all, I couldn’t actually use the bank besides cashing checks and I couldn’t stash or hide large amounts of money in it. But boy did they all like being drug addicts and hookers. I was trying to run away forever but had to go through weeks or get rides to places to cash pay checks or it all slowly went to a liquor store. The credit card or online banks like capital one only helped so much or not at all. Pnc was useless fucks even to the person who started it because they all were credit card users or had a credit union account, sometimes I assumed the people using the bank or loan services were the bank with some brain infection of yeast but I couldn’t see buildings or anything back then but that was before anything was placed back it could have been simulations for years later or they used telepathy or cell phones. Or they’re animals that hated meat being eaten so they did some loan debt plot. It’s why we hated animals being people and nothing mattered that has ever went on. I still got no where running away wise because of all this going on, it’s why I shut economics down many times 17 to 18 years ago and they were just a cash basis, the only way of getting away was turning it off like this calls them back in locally where they may or may not be. I knew to turn it all off then leave but the more you turn off the more empty the world is. So it could become like ancient times. And mixed with future manufactured shit like coats or shoes. That’s kind of how operating or working at public companies like Apple were, like running away from home and hating anyone you ever met locally. It wasn’t bad for online sex partners or potential ones to move into the area, sometimes people just start hating each other or some other person or disease. It did have to be arranged meeting and then travel directly to them or the person would viewed like anyone else around them. With the cartel it use to be different like you’d just wake up in it or like they just walked in or made it go in, but I guess it doesn’t go on like that anymore. It’s why online Latin porn looked fucking stupid. As white as I may seem I started black power. Try a darker tan, the mind goes completely blank and you all may be murdered by ecstasy like users that are pissed off all day long.
@DeeShiznit-e3jOkay someone's going to have to explain to me how more tax dollars from businesses turns into more money in circulation which means more goods and services provided to the world. So many things wrong with that statement. More tax dollars means more government spending which is a drag on the economy because they borrow when they spend too much which always happens. Translating into inflation that makes assets prices rise and lowers the ability for you to turn time into money and lowers your purchasing power to obtain wealth generating assets. This guy's really smart at taxes but his economics need some work. Just trying to make sure no one believes that part lol
@jarret5323Nice learn whole thing about tax❤
@financialgreedI hate the American government i work to sustain the government people who make 100 to 200k annually but some how they are all multi millionaires
@mrwill1779Everyone needs more than a monthly salary to achieve real financial stability. The smartest decision you can make is to invest your money wisely, because funds left sitting in savings accounts lose value over time. Strategic investing is how you protect your income, grow your wealth, and secure your future.
@waynelescott4411As a 14 year old this has helped me throughout my struggle in learning what taxes are although I shouldn't be struggling bout this right now
@str4ightoutt4pollEThis video did now explain a dime
@BrowineeAs a teenager forming to adult hood this is really concerning for me and flatters the concern of transformation to a greater soul, I hope YouTube realizes this trouble and pushes this video out, to help other 17 year olds like me!
@OOFGloopGreat video!
@mrgustavoflores321How the Fuck do public schools not teach this.
@AlchemyBlendsThis video makes a great point about tax efficiency. That proactive approach is exactly what I look for in Tax services Stone Mountain.
@accountingandtaxpreparatio8738Really good stuff man. Keep it up.
@NowwewalkAmerica needs a tax system where they eliminate state and federal tax and just have a higher income tax and set business taxes.. the federal government can hand out what tax and how much goes to each state each month to stop loopholes and make less corruption. that way states cant deflect when they fuck something up. business in every state will pay the same set tax depending how much you earn small businesses at 25% big businesses at 30% and if you have your own business anything under 150k made per year is 15%. Cuts down corruption stops loopholes. state leaders like newsom cant pretend like he hasnt misused money all the time. it wont cost 400 billion a year to do taxes for the ridiculous amounts of tax jurisdictions there are.
@Justinholley-o3mAs a 44-year-old man, this video really helps me with teaching my fucking daughter, this shit is the bomb, inflation, taxes
@JackAttackWIf anyone needs Tax preparation Stone Mountain, look into NTRC Accounting and Tax Preparation. I was stressing over filing, but the process was so simple with their team. Gorman's attention to detail is definitely a plus.
@accountingandtaxpreparatio8738As a 56 year old business man who pays taxes, I really appreciated this video. I also like politics.
@St3venstevensonAs a 40 year old adult, I really appreciate the taxes and classes of taxes. Government and low taxes. Wealthy and tax.
@gamermason1468Thx, just turned 18 and im tryna learn how to file taxes
@Zoro_Roronoa_3_sword_styleThis is a straight up horrendous video
@nottherealACWe have 80 acrees that someone else farms. We get 30% of the farmers profit from the crop he plants. Can we be considered as business owners?
@PearlyGates57i am from India give me some channel like us tax education ❤
@AhmedrazaopgamerAhmedrazaopgam24 year old lady here who loves being an adult!
@rhythm_notes2623as a 500 year old man, i am so glad to be an adult and do my taxes and pay off bills
@centaurfnI cannot understand this stuff for the life of me I just turned 18 but I want to learn but my brain can’t understand
@savannahoneyAs a 26 year old dad, I am surely using this information to assist me
@h0nks504I am 45 years old and i absolutely adore learning about politics and taxes. I love teaching my daughter how to do taxes and i enjoy voting. Thank you! I also love my 7 grandchildren!😂😂😂😂😂😂😂😂😂😂😂 POLITICS🦅🦅🦅🦅🦅
@jai6535I showed this to my grandson, thanks!
@punchyfilmsAs a 67 year old man, this video interests me immensely. Thank you so much young man
@SkullNoteOh no! As a fellow adult this is really bad!! 😢😢😢 (im over 18+)
@HazelyStudiosDoing my taxes as a 50 year old is so fun. I love my 3 children who use my phone and watch bluey episodes
@ThatHecticGuy-EClear and straightforward explanation great for me! a 30 year old man that loves taxes cigars and r rated movies. After years of filing, I can say most people don’t realize how much the system relies on voluntary compliance, so breaking it down like this really helps.
@therealLovWow this really taxes my 12 year old son as an 29 year old adult, didnt think trump taxes would china economy
@gus81111As a legal adult, I appreciate this video. I love taxes and mortgages
@SonicGamer5005Hmmmm as a 197 year old , I love taxes so good I am adult( trust)(war)
@dakshithkumar2155