![]() If you don’t figure out how to reduce your tax bill to 0 by doing what I just showed you, you’re gonna keep paying more taxes than Facebook and Apple.Ĭheck with your accountant, but what I’m telling you is real, legal, and what wealthy people do. The IRS can't tax you when don't "make" any of your money. If you want to pass less in taxes, become an investor. You keep doing that until one day you wake up and realize, “Hey, my properties are generating passive income that is low taxed, they provide tax write-offs, and my earned income is zero so I pay no taxes for it.”Įlon understands this little-known fact: Earners get taxed, not investors. That deal is appreciating in value over time while providing you and your family with passive income. Invest as much of your money as possible on a real estate deal. Why? Because passive income is not taxed at the highest rates like earned income. The goal is to have passive income replace your earned income. Investing in real estate is not the only way to reduce taxes, but it’s the best way in my opinion and it’s the one I’ve been using. ![]() Now, I’m not saying you go spend that money. I want you to take your earned money and reduce it to zero. Unfortunately though, no one has taught us how to do the same.īut don’t worry, ‘cause here’s a little trick that billionaires use to reduce their taxes legally. That's why your investments need to have tax advantages. You have to pay attention to where you're money is going after you earn it AND how to reduce your tax bill.
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