Expert CPA Debunks Grant Cardone’s Tax Advice

Today, expert CPA Jerry Masisak, aka "The Tax Guy", is reacting to a video by ‪@GrantCardone‬ that discusses a strategy for taking your tax bill to zero. Jerry debunks a few of the claims made by Mr. Cardone, as well as emphasizes some of the great key points he makes that can help you save money when it comes to your taxes. ➤ Original Video:    • How Big Earners Reduce their Taxes to Zero   At W.A. Smith Financial Group, our mission is to ensure you focus more on your life & worry less about your money. We release new educational videos weekly focused on bringing you financial peace of mind. ➤ Learn more about the Ascend 360™ Planning Process: https://wasmithfinancial.com/financia... ➤ Meet our team: https://wasmithfinancial.com/who-we-are/ Contents of this Video 0:00 - Intro 0:36 - #1 expense as biz owner 1:28 - Reduce your tax bill to ZERO 4:44 - Earned & Passive Income [ Debunked ] 7:18 - Business Deductions 8:31 - Only Real Estate Professionals can do this 10:35 - PASSIVE income is the key 13:29 - Potential Beneficial Tax Rate 14:38 - Recapitalizing 18:44 - Know the Rules ➤ Produced by Hallee Media & Design LLC ➤ Music Licensing Code: SHPMIU8BC3RWAQQZ #taxes #cpa #taxexpert #reducetaxes #taxstrategy #taxstrategies #businesstaxes Great Lakes Retirement, Inc., operating under the DBA W.A. Smith Financial Group, is the sole SEC-Registered Investment Advisory firm. Investment Advisory Services are offered exclusively through Great Lakes Retirement, Inc. SEC registration does not imply an endorsement of the firm by the SEC, nor does it indicate a specific level of skill or qualification. Insurance and Tax Planning services offered through W.A. Smith Financial LLC. The oral and written communications of an adviser provide you with information about which you determine to hire or retain an adviser. Form ADV Part 2A can be obtained by visiting https://adviserinfo.sec.gov and search for our firm name. ADV Form 2B is available upon request. Neither the information nor any opinion expressed is to be construed as solicitation to buy or sell a security or personalized investment, tax, or legal advice. This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed. Opinions expressed in this commentary reflect subjective judgments of the author based on conditions at the time of publication and are subject to change without notice. Past performance is not indicative of future results.