Artwork

Content provided by Keith Weinhold. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Keith Weinhold or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Player FM - Podcast App
Go offline with the Player FM app!

134: Quit Overpaying Your Taxes with Tom Wheelwright

42:33
 
Share
 

Manage episode 178449981 series 70810
Content provided by Keith Weinhold. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Keith Weinhold or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

#134: Tom Wheelwright, Rich Dad Advisor and Founder of ProVision talks with Keith about classifying income property repairs vs. improvements.

We discuss how 401(k)s are for people that care little about involvement in their financial future.

Will taxes ever get simpler? Tom says no.

Classifying repairs vs. improvements is a big deal. There’s a $2,500 threshold distinguishing the two categories.

Want more wealth? Visit: 1) www.GetRichEducation.com to subscribe to our free newsletter. 2) www.GREturnkey.com for actionable turnkey real estate investing opportunities.

Listen to this week’s show and learn:

03:40 Early civilizations collected taxes: Ancient Egypt, Imperial China, the U.S. vs. Britain.

07:22 Income tax hurts employees most, beginning in 1944.

09:03 Will taxes ever get simpler? No.

11:30 Classifying repairs vs. improvements. “The $2,500 Rule.”

23:53 401(k) participation. Why would educated people be interested in one?

30:10 401(k)s are Salary Reduction Plans.

32:22 Before-tax vs. after-tax rates of return.

34:06 How to find the right tax advisor.

Resources Mentioned:

TaxFreeWealthAdvisor.com

NoradaRealEstate.com

TheRealAssetInvestor.com/GRE

HighlandsMortgage.com

MidSouthHomeBuyers.com

GetRichEducation.com

GREturnkey.com

  continue reading

499 episodes

Artwork
iconShare
 
Manage episode 178449981 series 70810
Content provided by Keith Weinhold. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Keith Weinhold or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

#134: Tom Wheelwright, Rich Dad Advisor and Founder of ProVision talks with Keith about classifying income property repairs vs. improvements.

We discuss how 401(k)s are for people that care little about involvement in their financial future.

Will taxes ever get simpler? Tom says no.

Classifying repairs vs. improvements is a big deal. There’s a $2,500 threshold distinguishing the two categories.

Want more wealth? Visit: 1) www.GetRichEducation.com to subscribe to our free newsletter. 2) www.GREturnkey.com for actionable turnkey real estate investing opportunities.

Listen to this week’s show and learn:

03:40 Early civilizations collected taxes: Ancient Egypt, Imperial China, the U.S. vs. Britain.

07:22 Income tax hurts employees most, beginning in 1944.

09:03 Will taxes ever get simpler? No.

11:30 Classifying repairs vs. improvements. “The $2,500 Rule.”

23:53 401(k) participation. Why would educated people be interested in one?

30:10 401(k)s are Salary Reduction Plans.

32:22 Before-tax vs. after-tax rates of return.

34:06 How to find the right tax advisor.

Resources Mentioned:

TaxFreeWealthAdvisor.com

NoradaRealEstate.com

TheRealAssetInvestor.com/GRE

HighlandsMortgage.com

MidSouthHomeBuyers.com

GetRichEducation.com

GREturnkey.com

  continue reading

499 episodes

All episodes

×
 
Loading …

Welcome to Player FM!

Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.

 

Quick Reference Guide