The BetterLife Podcast The 4 Strategies I Used to Pay $0 in Federal Taxes (Legally) Using Real Estate | Ep 110
Jan 3, 2025
Discover how the wealthy legally minimize their tax bills through strategic real estate investments. Learn to leverage unrealized gains for tax-free growth and maximize benefits from depreciation. Explore four key strategies that can help you drastically reduce federal tax liabilities without breaking the law. Tune in for actionable insights on navigating the tax code while building lasting wealth and why hiring a virtual assistant can enhance your investment efficiency.
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Actionable Tax Reduction
- Take notes and actively learn from the information provided.
- Implement the tangible steps to reduce your tax bill.
Tax Code as a Guide
- The tax code incentivizes specific behaviors, like real estate investment, through tax breaks.
- Wealthy individuals understand and utilize these incentives to minimize their tax liability.
Unrealized Gains and Borrowing
- Unrealized gains, the increase in asset value before selling, are not taxed.
- Borrowing against this equity provides access to wealth without triggering tax liability.