Automatically translated.View original post

3092 followers

Follow

Follow

Follow

0 saved

1

Paying expensive taxes doesn't always mean being rich.

Paying expensive taxes doesn't always mean being rich.

But it could mean you have a 'leak' in the account! 💸 Close the company tax loophole to the right place, save the profits, expand the business. Let the gift and accounting partner team help check the financial health. "

# Tax plan # Business owner # Corporate tax # LegacyArchitect📈💖# Keyman insurance💰✨

3/17 Edited to

Related posts

The image features a fanned-out stack of hundred-dollar bills with the overlay text 'TAX WRITE-OFFS YOU SHOULD BE CLAIMING', introducing the topic of tax deductions.

This image defines a tax write-off as an expense reducing taxable income, explaining what qualifies (work/financial well-being) and what doesn't (personal expenses), with examples like a work phone bill versus a gaming laptop.

The image highlights that tax deductions apply to W-2 employees, self-employed individuals, homeowners/renters, students, and parents, advising to consult a tax professional for maximization.

Tax Deductions You’re Missing = Lost Money! 💰

Most people miss out on deductions they qualify for, which means giving the IRS extra money for no reason! 😩🚨 If you spend money on work, education, your home, or even your kids, you might be able to write it off and keep more cash in your pocket. 💰💡 ❓Did you know you can write off: ✅ Part o

9544 likes

Overpaying Taxes Is a Choice

Most people work hard for their money… Then give away more than they legally have to in taxes. Smart tax planning can help you: ✔️ Maximize deductions ✔️ Lower taxable income ✔️ Avoid penalties ✔️ Keep more of your paycheck ✔️ Build long-term wealth The wealthy don’t just make money. T

8 likes

#taxes #paytaxes #richpeople # stocks #capitalism

301 likes

Think Like the Rich 💲💰

The tax code doesn’t hate you. It just really loves certain kinds of assets. This infographic explains something most people never get taught: wealthy people don’t focus on income. They focus on owning things that grow. Assets go up in value. They borrow against them. They live on loans. A

146 likes

STOP paying Federal & State Income Taxes legally!

Business Spendthrift Trust is legal, in IRS Tax Code 643b #businessowner #entrepreneur #1099 #franchise #affiliate

2 likes

STOP paying Federal & State Income Taxes legally!

Business Spendthrift Trust is legal in the IRS Tax Code 643b Earn at least $100,000 in 1099 Income, save 5 figures in taxes yearly #businessowner #entrepreneur #attorney #professional #selfemployed

2 likes

Most People Fear Taxes bc They Don’t Understand

Taxes aren’t just bills. They’re one of the biggest financial tools to understand if you want to build wealth. 📈 Knowing how taxes work can help you: ✔️ Keep more of your money ✔️ Avoid costly mistakes ✔️ Plan smarter financially ✔️ Maximize deductions ✔️ Build long-term financial stabilit

79 likes

💸 Tax Write Offs 💰

💸✨ Did you know you could be saving way more on your taxes? Whether you’re a small business owner, freelancer, or side hustler, there are so many business expenses you can write off—and most people don’t even realize it! Here are just a few examples you might be missing: ✅ Advertising (hello

817 likes

2 likes

STOP PAYING FEDERAL & STATE INCOME TAXES LEGALLY

Business Spendthrift Trust is legal, in the IRS Tax Code 643b #professional #selfemployed #businessowner #entrepreneur #franchise

3 likes

A graphic titled 'Turn Luxury Purchases Into Tax Strategies' explains how entrepreneurs use luxury vehicles like a G-Wagon as tax deductions. It contrasts common perceptions of luxury cars as liabilities with the strategic use of Section 179 for business write-offs, detailing steps to qualify and an example of a $150,000 G-Wagon write-off.

How Rich People Turn Luxury Purchases Into Tax Strategies

I used to think wealthy people bought luxury cars just to “look rich.” But the more I study business, taxes, and financial strategy… the more I’m realizing many entrepreneurs think VERY differently about money. Most people see a G-Wagon and think: “that’s a liability.” “that’s expensive.

27 likes

How retirement contributions can reduce your taxes

There are 3 types of retirement accounts that everyone should have! Here are how they can reduce your taxable income. As a reminder: your taxable income is equal to how much you earn in a year minus qualifying deductions. 💰Pre-Tax 401k Contributions In 2024, you can contribute up to $23,000

26 likes

This tax mistake Hurts small businesses

This one mistake creates problems people don’t see until it’s too late. Mixing personal and business finances causes confusion, missed deductions, and unnecessary red flags. Proper separation creates clarity, protection, and cleaner records — especially when tax season arrives. Structure isn’t opt

1 like

Rich people secrets

Nobody teaches you how to build wealth in school. You’re taught how to earn a salary, pay bills, and save “just enough”… but not how to grow money, protect it, or make it work for you. After studying how wealthy people actually manage their money, I realized they live by a completely different s

2883 likes

A black and white image with the title 'TAXES AS AN INDIVIDUAL VS A BUSINESS' in large, stylized white and blue text, framed by white wavy lines. The background shows an indoor architectural space with large windows.

A blue graphic comparing employee and business tax processes. Employees: Earnings -> Taxes -> Expenses -> Cash Retained. Businesses: Earnings -> Expenses -> Taxes -> Cash Retained, illustrated with icons.

A blue background with white text stating: 'EMPLOYEES EARNINGS ARE TAXED FULLY BEFORE THEY RECEIVE THE PAYMENT. AFTER TAXES THEY MUST THEN PAY ALL OF THEIR EXPENSES.' A line art drawing of a desk is at the bottom.

TAXES AS AN INDIVIDUAL VS A BUSINESS

The key difference between the way businesses and employees handle taxes and expenses lies in the order of operations and the structure of their income. Let's break down the process for both: Employees: Earn Income: Employees earn a salary or wages through their employment. Taxes: Taxes

44 likes

HOW THE WEALTHY STAY WEALTHY!!!

How much you earn is important, but the type of income you earn determines how much you get to Keep. The tax code favors entrepreneurs and investors. #taxesmadeeasy #taxstrategy #keepmoremoney

1 like

10 Financial Mistakes That Ruin People in the U.S.

Living in America can be expensive if you don’t understand how money works. Many people make financial mistakes that silently keep them broke for years. Here are 10 things you should NEVER do with money in America if you want to build wealth, protect your credit, and avoid financial stress. Small

15 likes

We are Definitely Overtaxed!!!

Saw a creator breaking down why taxes went up in 2024, but I still feel way overtaxed honestly… Watching a bigger chunk of your paycheck disappear while the cost of everything else is going up too. Rent, groceries, gas... and now the tax rate increases as well? It feels like no matter how hard you

714 likes

Range Rover Secret! #finance #taxes

143 likes

The rich pay less in taxes—legally.

I’m Ed Aleksanian— with 15+ years of investing experience, I create free financial content to help you grow your net worth and build passive income. Follow @Ed Aleksanian to start keeping more of your money. New York — If you live in the USA, you’re paying more taxes than you s

3 likes

2 likes

Most people hear “94% tax rate” and think it means taking almost all of someone’s paycheck. But that’s not how it works. Back when we taxed ultra-wealthy people at 94%, it only applied to money they made after hitting a massive income threshold — like over $2.5 million a year in today’s money. So n

4 likes

#stitch with @Sam lifts a pass through rate exists brother for a series of reasons a lot of people who actully empirically study this have demonstrated clearly #taxtherichfeedthepoor

0 likes

Why “Tax the Rich” Isn’t So Simple

When people talk about “taxing the rich,” the conversation often sounds simple: raise taxes on wealthy individuals and large corporations to generate more government revenue. But the reality of how taxes work in an economy is far more complicated. One of the key concepts economists discuss is ca

0 likes

A desk setup with a laptop, open books, and a coffee cup, overlaid with the title 'PAYING Taxes AS A Content Creator' in decorative white font.

A text box advises content creators to pay taxes if they earn over $400. Below are images of a hand using a calculator on a 'TAX' document and a laptop with a coffee cup.

A text box recommends self-employed content creators save 35% of each paycheck for taxes. Below are images of a calculator with cash and a laptop displaying a monthly budget spreadsheet.

Paying Taxes As A Content Creator 📸💻📑

So for a while, I didn’t need to pay taxes when I wasn’t making as much but recently it was brought up to me and I looked more into it and I started content creating in November but I made a good amount of money but I didn’t think I needed to pay taxes. If you make over 400 you need to pay taxes an

1757 likes

Don’t even get me started on the fact if you work for yourself you have to pay even more taxes! Who the heck came up with these systems?? A rich person??? #taxes #taxrates #freeloans #dumb #facts

0 likes

Smart Girls Guide to a Roth IRA 💵

One of the reasons I love Roth IRAs so much is that you don’t have to be rich to start. There’s no minimum you have to put in, and you can start with whatever amount makes sense for you even $25 a month. It’s one of the simplest ways to let your money grow over time, and the best part is that fu

503 likes

📢 TAX MYTHS THAT COULD COST YOU MONEY

Every tax season, I hear the same myths — and believing them can lead to delays, penalties, or missed refunds. Let’s clear this up 👇🏽 ❌ Myth 1 : “I don’t need to file if I didn’t work much.” ✔️ Truth: You may still need to file — especially if taxes were withheld or you qualify for credits.

1 like

The image shows a black fanny pack overflowing with US dollar bills, with the text "Tips to pay less in taxes legally, of course" and decorative green leaves.

A black fanny pack filled with US dollar bills illustrates tax deductions and credits, advising to calculate both standard and itemized deductions and use the greater one to reduce taxable income.

The image features a black fanny pack with money, explaining that contributing to retirement accounts (401K, IRA) or health savings accounts (HSA, FSA) can reduce taxable income.

Tips to pay fewer taxes (legally, of course) 🫶💰

Do you want to pay as little in taxes as you possibly can, so here are a few tips: Do you want to apply for all deductions and credit credits that you qualify for. For deductions make sure you calculate both the standard and the itemized deduction and use the one that is greater. if you’ve co

95 likes

Tax write offs for small businesses

This helped me so much last year! #taxes #taxseason #Lemon8Diary #unaesthetic #SmallBusiness #smallbusinessowner #smallbusinesssupport #smallbusinesstips #bussineswoman #crochetbusiness

369 likes

An introduction slide from "Operation The Hustle @NeyraOTH" explaining that the author, a CPA with a Master's in Taxation, will share tax deductions and credits for everyday people without businesses.

A slide from "Operation The Hustle @NeyraOTH" detailing the student loan interest deduction, allowing up to $2,500 or actual interest paid, subject to income limits, and referencing IRS Topic no. 456.

A slide from "Operation The Hustle @NeyraOTH" explaining the HSA deduction for individual contributions, even without itemizing, and the exclusion of employer contributions from gross income, referencing IRS Publication 969.

Tax savings for everyday people

Deductions and tax credits for people without a business

3 likes

5 Things to Know/Review Before Filing Taxes

Tax Terms - definition (and my thoughts) : 1. Tax Brackets - IRS defines different tax rates for different buckets of our income (I care more about my effective tax rate, which is taxes paid/total taxable income since IRS may increases these tax brackets each year) 2. Gross Income - all earnin

357 likes

Tax implications Of investing 💸💵

Think making money from investing is enough? Think again. Without a tax strategy, you could be handing over a big chunk of your profits. 😩 From capital gains to dividends to Roth accounts knowing how taxes work gives you real control over your financial future. Start taking advantage of the tax l

34 likes

4 likes

Stop Overpaying Taxes on Your Investments 💸

Most people don’t realize how much taxes eat into their capital gains… until it’s too late. Long-term vs short-term gains can make a HUGE difference in what you keep. If you’re investing and not planning for taxes, you’re losing money. 📲 Let’s fix that. Call/Text: 407-906-3494 📧 support@it

0 likes

3 likes

How Rich People Avoid Taxes! 🤑💰

#rich #taxes #money

4 likes

How To LEGALLY AVOID Paying Taxes!

Think the tax code is just designed to take your money? In this powerful clip, entrepreneur Rondi Lambeth breaks down how the U.S. tax code and tax strategies for entrepreneurs actually reveal legal ways to reduce taxes and build wealth. If you want more insights on entrepreneurship, financ

0 likes

How to legally avoid 96% of your taxes…

#taxes #businessowner #wealth

0 likes

Common Tax Mistakes That Keep People Broke

Most people don’t struggle financially because they don’t earn enough. They struggle because they repeat the same tax mistakes every year without realizing the long-term damage. These mistakes compound — just like wealth does. Here are some of the most common ones. 1. Treating taxes as a

0 likes

Taxes 101: What You Need to Know🚨💸

If you’ve ever looked at your paycheck and thought, ‘Where did all my money go?!’—you’re not alone. 🤨 Taxes take a chunk before you even see it, but most people don’t actually understand how or why. Let’s fix that. There are different types of taxes coming out of your check—federal, state, Socia

346 likes

Paying my taxes w sidehustle $$💓🫶

This is just a sliver of what can be made in this world 😅 comment and I’ll guide you 🙈 #onlineincome #sahmsidehustleideas #sidehustle

0 likes

What they never taught us about taxes. Part 1

See part 2 for the rest and for more details! #taxes #homebasedbusiness #taxwriteoffs #financialfreedom #onlinebusiness

2 likes

STOP PAYING HUNDREDS FOR SIMPLE TAXES

Most people spend hours on forms or pay overpriced preparers when Al can finish the job in minutes. It finds deductions, explains letters, builds checklists, and even teaches you how to optimize your return like a pro. You'll save money, time, and stress every single year. #taxseason #accoun

17 likes

Stop stealing our taxes and paying your own bills with the American money we nee

1 like

An American flag serves as the background for the text, "But the majority OF US DON'T," suggesting a counterpoint to tax complaints.

A pyramid chart displays the 2023 tax brackets for single and married filers, detailing various income thresholds and their corresponding percentage rates.

We complain about paying taxes

A lot of us including me complain about paying TAXES!! Yet what would our country look like if we didn’t? Do any of US know what our tax dollars go towards??? Can we even pathom not having military security and being open to being invaded by just anyone with the mind set and arsenal to do so. We co

0 likes

A woman stands with text overlay: 'HOW Income IS TAXED AND WHY THEY AREN'T TAXED THE SAME,' introducing the topic of different income taxation.

Text on a white background states: 'Types of Income. There are two main types of income, and mixing them up can cost you credits or cause delays and inconsistencies with your return.'

A woman counts money next to text defining 'Earned Income' as money worked for, including paychecks, tips, and self-employment income.

How Income is taxed ✨

🚨 Not All Income Is Taxed the Same And This Matters. This is one of those tax things people don’t realize until it’s too late. There are two main types of income, and mixing them up can cost you credits or cause issues with your return. Earned income is money you actually worked for. Thin

2 likes

💰SMART MONEY MOVES TO MAKE WITH YOUR INCOME TAXES💰

I See alot of people already planning trips, BBLs, and cars with a $5,000 down payment you KNOW you can’t maintain. STOPPP. 😭🔥 Let me show you how to change your whole financial LIFE with the SAME money: Step 1: Pay your rent 2 MONTHS ahead. Rent $1,750 × 2 = $3,500 Boom. Stress GONE.

141 likes

How the RICH pay no taxes

1. Capital gains tax is applied to the rise in price of the asset not the face value. So the example in the middle needs to apply for a $1 million GAIN. My oversight in the post design. 2. To repay the loan, the asset may eventually be sold. Which may be subject to captial gains tax. Therefore, wh

398 likes

Don't Let Tax Myths Cost You Money!

Too many people believe tax myths that keep them overpaying or missing out on deductions. ❌💸 💡 Truth: Smart taxpayers plan year-round! Proactive tax planning can help you: ✅ Reduce taxable income ✅ Maximize deductions & credits ✅ Avoid last-minute tax season stress Stop guessing & star

1 like

A tablet displays a 'My Tax Refund Dashboard' spreadsheet, with overlaid text 'Avoid Overpaying Taxes.' Arrows point to sections for 'Adjustments,' 'Credits,' and 'Deductions,' highlighting key components of tax calculation.

A tax dashboard shows estimated tax refunds for 2023 ($1,658.07) and 2024 ($6,603.77). It details calculations including Gross Income, Adjustments, Deductions, and Taxable Income, illustrating the user's tax estimations.

A refund dashboard displays tables and charts related to tax withholding and effective tax rates. Overlaid text explains that over $5,000 was over-withheld, and maxing out HSA helps reduce taxable income.

How to avoid overpaying in taxes

Short answer is YES & I’m able to know because I created a Tax Dashboard for myself to track my taxable income, adjustments, deductions, and credits to estimate my refund/tax liability. For 2023, my estimation was quite close to my actual refund. But back to reasons why I overpaid taxes

37 likes

An infographic titled "TAX Explained to kids BY NICOLAS BOUCHER" illustrates ten types of taxes using simple examples, often related to a lemonade stand. It covers Income, Deferred, Corporate, Payroll, Sales, Property, Excise, Customs Duties, Transfer Pricing, and Value-Added Tax (VAT), explaining each with a kid-friendly scenario and a business context.

Understanding Taxes: A Simple Guide Explained 🔑ℹ️⬇️

Taxes can seem confusing, but they’re just a way for everyone to contribute to the things we all need, like schools, roads, and hospitals. Let’s break down the different types of taxes in a way that’s easy to understand, so you can see how they work in everyday life. 1. Income Tax • Example:

5 likes

DON’T LOSE MONEY ON TAXES FOR YOUR SIDE HUSTLE 🧾

I'm 1000% not a tax professional, but I've been getting this question a LOT for some reason: Do I need to start an LLC for my side hustle? Obviously everything with your taxes depends on where you live, but as far as most places in the US and Canada, you do NOT need an LLC until you h

23 likes

See more