Mark J. Kohler

Your day job, you're screwed. Let's go get this other money that's a lot cheaper to get. Everybody wants to talk about making money. Why don't we talk about saving money? It's easier to save money than make money.

Your day job, you're screwed. Let's go get this other money that's a lot cheaper to get. Everybody wants to talk about making money. Why don't we talk about saving money? It's easier to save money than make money.

Well, very, very perceptive question. And I'm going to try to answer this simply. So everybody, there's seven tax brackets out there and the highest being 37 and a half. Okay, cool. No one pays in total 37.5% in federal taxes because it's graduated. So when we have brackets, that's our bracket on the next dollar after a certain limit.

Well, very, very perceptive question. And I'm going to try to answer this simply. So everybody, there's seven tax brackets out there and the highest being 37 and a half. Okay, cool. No one pays in total 37.5% in federal taxes because it's graduated. So when we have brackets, that's our bracket on the next dollar after a certain limit.

Well, very, very perceptive question. And I'm going to try to answer this simply. So everybody, there's seven tax brackets out there and the highest being 37 and a half. Okay, cool. No one pays in total 37.5% in federal taxes because it's graduated. So when we have brackets, that's our bracket on the next dollar after a certain limit.

So once everybody kind of gets that, that this is a graduated bracket, that's point number one. So then what we want to look at is what is your effective tax rate? So like after we take all the killer write-offs we can think of, lots of options, right? What's that effective rate? And for some people, it could be zero. For others, it could be 35%.

So once everybody kind of gets that, that this is a graduated bracket, that's point number one. So then what we want to look at is what is your effective tax rate? So like after we take all the killer write-offs we can think of, lots of options, right? What's that effective rate? And for some people, it could be zero. For others, it could be 35%.

So once everybody kind of gets that, that this is a graduated bracket, that's point number one. So then what we want to look at is what is your effective tax rate? So like after we take all the killer write-offs we can think of, lots of options, right? What's that effective rate? And for some people, it could be zero. For others, it could be 35%.

Now, it is generally true, the more money you make, the more tax rate you're going to pay, a larger percentage of your income in taxes. But then we've got strategies and tools. for example, why Trump was such an anomaly, and he really wasn't, it's just the Wall Street Journal wanted to point this out, is that he is a real estate professional. I've got his tax return here on my laptop.

Now, it is generally true, the more money you make, the more tax rate you're going to pay, a larger percentage of your income in taxes. But then we've got strategies and tools. for example, why Trump was such an anomaly, and he really wasn't, it's just the Wall Street Journal wanted to point this out, is that he is a real estate professional. I've got his tax return here on my laptop.

Now, it is generally true, the more money you make, the more tax rate you're going to pay, a larger percentage of your income in taxes. But then we've got strategies and tools. for example, why Trump was such an anomaly, and he really wasn't, it's just the Wall Street Journal wanted to point this out, is that he is a real estate professional. I've got his tax return here on my laptop.

I got Joe Biden's and his from 2016. He was a real estate professional. Now, you talk about here on your show all the time. If you want to invest in short-term rentals, long-term rentals, do real estate and deploy money in real estate. It's not for everybody. but we have depreciation strategies and investment strategies that can offset my income over here.

I got Joe Biden's and his from 2016. He was a real estate professional. Now, you talk about here on your show all the time. If you want to invest in short-term rentals, long-term rentals, do real estate and deploy money in real estate. It's not for everybody. but we have depreciation strategies and investment strategies that can offset my income over here.

I got Joe Biden's and his from 2016. He was a real estate professional. Now, you talk about here on your show all the time. If you want to invest in short-term rentals, long-term rentals, do real estate and deploy money in real estate. It's not for everybody. but we have depreciation strategies and investment strategies that can offset my income over here.

Trump had so much in depreciation from his hotels and in real estate investments, he was able to wipe out his income from The Apprentice and his retail. So his effective rate at the end of the day was very low. Now, someone else who just works a day job, has no write-offs, makes 500 grand a year at Verizon as a VP.

Trump had so much in depreciation from his hotels and in real estate investments, he was able to wipe out his income from The Apprentice and his retail. So his effective rate at the end of the day was very low. Now, someone else who just works a day job, has no write-offs, makes 500 grand a year at Verizon as a VP.

Trump had so much in depreciation from his hotels and in real estate investments, he was able to wipe out his income from The Apprentice and his retail. So his effective rate at the end of the day was very low. Now, someone else who just works a day job, has no write-offs, makes 500 grand a year at Verizon as a VP.

Okay, you're going to be paying 30% or more in effective rate because you're not using the strategies correctly. to your, in the best way. And I'd like, before we started the show too, you were talking about, hey, don't hate the player. Just hate the game. You know, if you don't like that Trump paid 6%, don't be pissed at Trump. Just learn the rules.

Okay, you're going to be paying 30% or more in effective rate because you're not using the strategies correctly. to your, in the best way. And I'd like, before we started the show too, you were talking about, hey, don't hate the player. Just hate the game. You know, if you don't like that Trump paid 6%, don't be pissed at Trump. Just learn the rules.

Okay, you're going to be paying 30% or more in effective rate because you're not using the strategies correctly. to your, in the best way. And I'd like, before we started the show too, you were talking about, hey, don't hate the player. Just hate the game. You know, if you don't like that Trump paid 6%, don't be pissed at Trump. Just learn the rules.