10 Ways The RICH Avoid Paying Taxes (And YOU Can Too)

Toby Mathis Esq | Tax Planning & Asset Protection β€’ July 3, 2024
Video Thumbnail
Toby Mathis Esq | Tax Planning & Asset Protection  Logo

Toby Mathis Esq | Tax Planning & Asset Protection

@tobymathis

About

Toby Mathis is a tax attorney, speaker, and best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same, as well as the founder of Anderson Business Advisors, one of the most successful law, tax, asset protection, and estate planning firms in the United States, helping real estate investors, stock investors, and business owners protect wealth, reduce taxes, and build long-term financial security. Subscribe for: *Asset Protection Strategies, *Tax Planning, *Real Estate Investing, *Stock Investing, *Legacy and Estate Planning, *Nonprofit Management

Video Description

Would you like to learn more about tax strategies and talk to someone? Schedule a free consultation here: https://aba.link/8rx Let's discuss 10 tax strategies that the rich use to optimize their finances and that you might want to consider for yourself. Retirement savings aren't just about IRAs and 401(k)s. The rich often invest in defined benefit plans, allowing them to contribute significantly moreβ€”sometimes over $500,000 a year! These strategies are about understanding and leveraging the incentives within the tax code to your advantage. Throughout the video, I'll break down each of these strategies and more, helping you understand how you can legally reduce your tax burden and keep more of your hard-earned money. Feel free to leave your questions and comments below. We love hearing from you and are here to help you on your financial journey. πŸ”” Don't forget to subscribe for more insights on real estate investing and business strategies! Show Notes: 0:00 Intro 2:57 Retirement Accounts 5:45 Tax Deferred Investments 8:45 Loss Harvesting 12:25 Real Estate 17:43 Charity 22:33 Trusts 25:18 Businesses 30:32 Tax-Free Bonds 32:59 Life Insurance 38:13 Tax Efficient Funds --------------------------------------------------------------------------------------------------------- SUBSCRIBE https://aba.link/subscribe ~~~~ FREE TAX & ASSET PROTECTION WORKSHOP Register for an upcoming workshop today if you want to protect your business and personal assets from snoopy lawyers and creditors. Save Your Seat: https://aba.link/0bb TAX TUESDAY LIVE Join us every other Tax Tuesday, where you can have your tax questions answered live by our experts entirely FREE. Register Now πŸ‘‰ https://aba.link/2wr Infinity Investing Join our Infinity Investing Basic Membership for FREE and start your financial education journey. πŸ‘‰ https://inf.link/vkz OTHER ANDERSON ADVISOR EVENTS Learn a rich selection of subjects like tax and asset protection, business, investing, and more. Our attorneys and other skilled experts will help you learn what you need to know in order to better your chances of success in your professional life. https://aba.link/tobyevents ~~~~ FINANCIAL PLANNING & TAX RESOURCES πŸ“š Order Your Copy of "Infinity Investing: How The Rich Get Richer And How You Can Do The Same" Here: πŸ‘‰πŸ‘‰ πŸ‘‰ https://aba.link/IIWbook Order Your Copy of ”Tax-Wise Business Ownership" and find greater success by taking advantage of tax laws for your business. Here πŸ‘‰ https://aba.link/tobyshop Visit Anderson Advisor's website for content, like articles, podcasts, and more that we publish alongside my channel. πŸ‘‰ https://aba.link/tobyaba ~~~~ FOLLOW US: Instagram: https://aba.link/instagram Facebook: https://aba.link/facebook Twitter: https://aba.link/twitter LinkedIn: https://aba.link/linkedin TikTok: https://www.tiktok.com/@tobymathisesq ~~~~ CONTACT US Phone: 800.706.4741 Email: [email protected] Fax: 702.664.0545 ABOUT TOBY MATHIS Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba --------------------------------------------------------------------------------------------------------- WARNING: I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name, and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture. The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice. #richmindset #taxreduction #taxation

You May Also Like

Enhance Your Gaming Audio

AI-recommended products based on this video

Loading...
Logitech G203 Wired Gaming Mouse, 8,000 DPI, Rainbow Optical Effect LIGHTSYNC RGB, 6 Programmable Buttons, On-Board Memory, Screen Mapping, PC/Mac Computer and Laptop Compatible - Black
Best Seller

Logitech G203 Wired Gaming Mouse, 8,000 DPI, Rainbow Optical Effect LIGHTSYNC RGB, 6 Programmable Buttons, On-Board Memory, Screen Mapping, PC/Mac Computer and Laptop Compatible - Black

(17,871)
$27.98$22.38
FREE delivery Tue, Oct 14 on your first order
500+ bought in past month
Loading...
Logitech G305 Lightspeed Wireless Gaming Mouse, Hero 12K Sensor, 12,000 DPI, Lightweight, 6 Programmable Buttons, 250h Battery Life, On-Board Memory, PC/Mac - Black

Logitech G305 Lightspeed Wireless Gaming Mouse, Hero 12K Sensor, 12,000 DPI, Lightweight, 6 Programmable Buttons, 250h Battery Life, On-Board Memory, PC/Mac - Black

(35,879)
$49.99$44.99
FREE delivery Mon, Jan 26
1K+ bought in past month
Loading...
Logitech K400 Plus Wireless Touch TV Keyboard With Easy Media Control and Built-in Touchpad, HTPC Keyboard for PC-connected TV, Windows, Android, Chrome OS, Laptop, Tablet - Black
Best Seller

Logitech K400 Plus Wireless Touch TV Keyboard With Easy Media Control and Built-in Touchpad, HTPC Keyboard for PC-connected TV, Windows, Android, Chrome OS, Laptop, Tablet - Black

(38,516)
$39.98$35.98
FREE delivery Thu, Sep 4
500+ bought in past month
Loading...
Logitech M185 Wireless Mouse, 2.4GHz with USB Mini Receiver, 12-Month Battery Life, 1000 DPI Optical Tracking, Ambidextrous, Compatible with PC, Mac, Laptop - Black

Logitech M185 Wireless Mouse, 2.4GHz with USB Mini Receiver, 12-Month Battery Life, 1000 DPI Optical Tracking, Ambidextrous, Compatible with PC, Mac, Laptop - Black

(48,912)
$15.99$12.79
FREE delivery Wed, Feb 18 on your first order
1K+ bought in past month
Loading...
New SteelSeries Arctis Nova Pro for Xbox Multi-System Gaming Headset - Premium Hi-Fi Drivers - Hi-Res Audio - 360Β° Spatial - GameDAC Gen 2 - Quad-DAC - ClearCast Gen 2 Mic - Xbox, PC, PS5/PS4, Switch

New SteelSeries Arctis Nova Pro for Xbox Multi-System Gaming Headset - Premium Hi-Fi Drivers - Hi-Res Audio - 360Β° Spatial - GameDAC Gen 2 - Quad-DAC - ClearCast Gen 2 Mic - Xbox, PC, PS5/PS4, Switch

(517)
$209.41$122.65
PrimeFREE delivery Sat, Jun 14
Loading...
NEW SteelSeries Arctis Nova 3 Multi-Platform Gaming Headset - Signature Arctis Sound - ClearCast Gen 2 Mic - PC, PS5/PS4, Xbox Series X|S, Switch, Mobile

NEW SteelSeries Arctis Nova 3 Multi-Platform Gaming Headset - Signature Arctis Sound - ClearCast Gen 2 Mic - PC, PS5/PS4, Xbox Series X|S, Switch, Mobile

(9,500)
$99.98$67.37
PrimeFREE delivery Sat, Jun 14
100+ bought in past month
Loading...
HyperX Cloud II - Gaming Headset, 7.1 Surround Sound, Memory Foam Ear Pads, Durable Aluminum Frame, Detachable Microphone, Works with PC, PS5, PS4, Xbox Series X|S, Xbox One – Red

HyperX Cloud II - Gaming Headset, 7.1 Surround Sound, Memory Foam Ear Pads, Durable Aluminum Frame, Detachable Microphone, Works with PC, PS5, PS4, Xbox Series X|S, Xbox One – Red

(73,207)
$89.99
FREE delivery Thu, Aug 21
500+ bought in past month
Loading...
Razer BlackShark V2 X Gaming Headset: 50mm Drivers - Cardioid Mic - Memory Foam Cushion - Lightweight- Comfortable, Noise Isolating Earcups - for PC, PS4, PS5, Switch - 3.5mm Audio Jack - Black ECOLOGO

Razer BlackShark V2 X Gaming Headset: 50mm Drivers - Cardioid Mic - Memory Foam Cushion - Lightweight- Comfortable, Noise Isolating Earcups - for PC, PS4, PS5, Switch - 3.5mm Audio Jack - Black ECOLOGO

(17,449)
$54.98$48.21
FREE delivery Mon, Jan 26
3K+ bought in past month
Loading...
Logitech G203 Wired Gaming Mouse, 8,000 DPI, Rainbow Optical Effect LIGHTSYNC RGB, 6 Programmable Buttons, On-Board Memory, Screen Mapping, PC/Mac Computer and Laptop Compatible - Black
Best Seller

Logitech G203 Wired Gaming Mouse, 8,000 DPI, Rainbow Optical Effect LIGHTSYNC RGB, 6 Programmable Buttons, On-Board Memory, Screen Mapping, PC/Mac Computer and Laptop Compatible - Black

(17,871)
$27.98$22.38
FREE delivery Tue, Oct 14 on your first order
500+ bought in past month
Loading...
Logitech G305 Lightspeed Wireless Gaming Mouse, Hero 12K Sensor, 12,000 DPI, Lightweight, 6 Programmable Buttons, 250h Battery Life, On-Board Memory, PC/Mac - Black

Logitech G305 Lightspeed Wireless Gaming Mouse, Hero 12K Sensor, 12,000 DPI, Lightweight, 6 Programmable Buttons, 250h Battery Life, On-Board Memory, PC/Mac - Black

(35,879)
$49.99$44.99
FREE delivery Mon, Jan 26
1K+ bought in past month
Loading...
Logitech K400 Plus Wireless Touch TV Keyboard With Easy Media Control and Built-in Touchpad, HTPC Keyboard for PC-connected TV, Windows, Android, Chrome OS, Laptop, Tablet - Black
Best Seller

Logitech K400 Plus Wireless Touch TV Keyboard With Easy Media Control and Built-in Touchpad, HTPC Keyboard for PC-connected TV, Windows, Android, Chrome OS, Laptop, Tablet - Black

(38,516)
$39.98$35.98
FREE delivery Thu, Sep 4
500+ bought in past month
Loading...
Logitech M185 Wireless Mouse, 2.4GHz with USB Mini Receiver, 12-Month Battery Life, 1000 DPI Optical Tracking, Ambidextrous, Compatible with PC, Mac, Laptop - Black

Logitech M185 Wireless Mouse, 2.4GHz with USB Mini Receiver, 12-Month Battery Life, 1000 DPI Optical Tracking, Ambidextrous, Compatible with PC, Mac, Laptop - Black

(48,912)
$15.99$12.79
FREE delivery Wed, Feb 18 on your first order
1K+ bought in past month
Loading...
New SteelSeries Arctis Nova Pro for Xbox Multi-System Gaming Headset - Premium Hi-Fi Drivers - Hi-Res Audio - 360Β° Spatial - GameDAC Gen 2 - Quad-DAC - ClearCast Gen 2 Mic - Xbox, PC, PS5/PS4, Switch

New SteelSeries Arctis Nova Pro for Xbox Multi-System Gaming Headset - Premium Hi-Fi Drivers - Hi-Res Audio - 360Β° Spatial - GameDAC Gen 2 - Quad-DAC - ClearCast Gen 2 Mic - Xbox, PC, PS5/PS4, Switch

(517)
$209.41$122.65
PrimeFREE delivery Sat, Jun 14
Loading...
NEW SteelSeries Arctis Nova 3 Multi-Platform Gaming Headset - Signature Arctis Sound - ClearCast Gen 2 Mic - PC, PS5/PS4, Xbox Series X|S, Switch, Mobile

NEW SteelSeries Arctis Nova 3 Multi-Platform Gaming Headset - Signature Arctis Sound - ClearCast Gen 2 Mic - PC, PS5/PS4, Xbox Series X|S, Switch, Mobile

(9,500)
$99.98$67.37
PrimeFREE delivery Sat, Jun 14
100+ bought in past month
Loading...
Sony WH-CH720N Noise Cancelling Wireless Headphones Bluetooth Over The Ear Headset with Microphone and Alexa Voice Control, Black
Best Seller

Sony WH-CH720N Noise Cancelling Wireless Headphones Bluetooth Over The Ear Headset with Microphone and Alexa Voice Control, Black

(10,648)
$148.00$118.10
PrimeFREE delivery Sat, Jun 14
500+ bought in past month
Loading...
HyperX Cloud II - Gaming Headset, 7.1 Surround Sound, Memory Foam Ear Pads, Durable Aluminum Frame, Detachable Microphone, Works with PC, PS5, PS4, Xbox Series X|S, Xbox One – Red

HyperX Cloud II - Gaming Headset, 7.1 Surround Sound, Memory Foam Ear Pads, Durable Aluminum Frame, Detachable Microphone, Works with PC, PS5, PS4, Xbox Series X|S, Xbox One – Red

(73,207)
$89.99
FREE delivery Thu, Aug 21
500+ bought in past month
Loading...
Razer BlackShark V2 X Gaming Headset: 50mm Drivers - Cardioid Mic - Memory Foam Cushion - Lightweight- Comfortable, Noise Isolating Earcups - for PC, PS4, PS5, Switch - 3.5mm Audio Jack - Black ECOLOGO

Razer BlackShark V2 X Gaming Headset: 50mm Drivers - Cardioid Mic - Memory Foam Cushion - Lightweight- Comfortable, Noise Isolating Earcups - for PC, PS4, PS5, Switch - 3.5mm Audio Jack - Black ECOLOGO

(17,449)
$54.98$48.21
FREE delivery Mon, Jan 26
3K+ bought in past month
Loading...
Asus ROG Delta II Wireless Gaming Headset with Detachable Mic – Tri-Mode (BT, 2.4GHz, 3.5mm), 50mm Titanium-Plated Drivers, 110Hr Battery, Lightweight, for PC, PS5, PS4, Xbox, Switch, Mobile - Black

Asus ROG Delta II Wireless Gaming Headset with Detachable Mic – Tri-Mode (BT, 2.4GHz, 3.5mm), 50mm Titanium-Plated Drivers, 110Hr Battery, Lightweight, for PC, PS5, PS4, Xbox, Switch, Mobile - Black

(180)
$249.99$166.60
FREE delivery Sat, Jan 3
50+ bought in past month
Loading...
HyperX CloudX Stinger 2 Core - Gaming Headset for Xbox, Lightweight Over-Ear headsets with mic, Swivel-to-Mute Function, 40mm Drivers - White

HyperX CloudX Stinger 2 Core - Gaming Headset for Xbox, Lightweight Over-Ear headsets with mic, Swivel-to-Mute Function, 40mm Drivers - White

(5,595)
$44.99
PrimeFREE delivery Sat, Jun 14
Loading...
Ozeino Wireless Gaming Headset for Ps5, Ps4, Switch, Ultra Stable 2.4GHz USB & Type-C, Bluetooth 5.3 Gaming Headphones with Flip Mic, 40+Hr Battery Gamer Headset for PC, Laptop, Mobile, Mac(White)
Best Seller

Ozeino Wireless Gaming Headset for Ps5, Ps4, Switch, Ultra Stable 2.4GHz USB & Type-C, Bluetooth 5.3 Gaming Headphones with Flip Mic, 40+Hr Battery Gamer Headset for PC, Laptop, Mobile, Mac(White)

(478)
$40.36
500+ bought in past month
Loading...
BINNUNE Gaming Headset with Microphone for Xbox Series X|S Xbox1 PS4 PS5 PC, Gamer Headphones with Mic Casque for Xbox 1
Best Seller

BINNUNE Gaming Headset with Microphone for Xbox Series X|S Xbox1 PS4 PS5 PC, Gamer Headphones with Mic Casque for Xbox 1

(1,180)
$35.99
PrimeFREE delivery Sat, Jun 14
200+ bought in past month
Loading...
MSI Clutch GM08 4200 DPI, Accurate Optical Sensor, Durable Build Quality, Adjustable Weight System, Dragon Scale Design Side Grips, On The Fly DPI Changing, Optical Wired Gaming Mouse with Red LED

MSI Clutch GM08 4200 DPI, Accurate Optical Sensor, Durable Build Quality, Adjustable Weight System, Dragon Scale Design Side Grips, On The Fly DPI Changing, Optical Wired Gaming Mouse with Red LED

(1,282)
$20.99
FREE delivery Sat, Jan 3 on your first order
100+ bought in past month
Loading...
Logitech G203 Wired Gaming Mouse, 8,000 DPI, Rainbow Optical Effect LIGHTSYNC RGB, 6 Programmable Buttons, On-Board Memory, Screen Mapping, PC/Mac Computer and Laptop Compatible - Black
Best Seller

Logitech G203 Wired Gaming Mouse, 8,000 DPI, Rainbow Optical Effect LIGHTSYNC RGB, 6 Programmable Buttons, On-Board Memory, Screen Mapping, PC/Mac Computer and Laptop Compatible - Black

(17,871)
$27.98$22.38
FREE delivery Tue, Oct 14 on your first order
500+ bought in past month
Loading...
Logitech G502 Hero High Performance Wired Gaming Mouse, Hero 25K Sensor, 25,600 DPI, RGB, Adjustable Weights, 11 Programmable Buttons, On-Board Memory, PC/Mac, Black

Logitech G502 Hero High Performance Wired Gaming Mouse, Hero 25K Sensor, 25,600 DPI, RGB, Adjustable Weights, 11 Programmable Buttons, On-Board Memory, PC/Mac, Black

(55,508)
$49.98$44.98
FREE delivery Thu, Jan 29
2K+ bought in past month
Loading...
Lenovo M210 RGB Wired Gaming Mouse for PC, Laptop, Computer with Windows & Chrome OS - 3 Zone RGB, 8000 DPI Adjustable Sensor, 7 Programmable Buttons – Palm Grip Mouse for Gamers (Black)

Lenovo M210 RGB Wired Gaming Mouse for PC, Laptop, Computer with Windows & Chrome OS - 3 Zone RGB, 8000 DPI Adjustable Sensor, 7 Programmable Buttons – Palm Grip Mouse for Gamers (Black)

(52)
$26.62
FREE delivery Tue, Jun 17 on your first order