Tax Tone @anthonypricecpa Twitter profile

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Tax Tone

@anthonypricecpa

2 years

Billionaire tax strategy: Hire an artist to make a painting for 10k Pay an appraiser 10k to value it at 10M Donate it to a museum for a $10M charitable deduction that only cost 20k Bonus points for owning the museum

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@anthonypricecpa

2 years

Get yourself a tax advisor that keeps it real

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Tax Tone

@anthonypricecpa

2 years

"Yeah I own a home" Nah dog you got TWO landlords The bank (mortgage) AND the government (property tax)

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Tax Tone

@anthonypricecpa

2 years

22 uncomfortable truths on money making and tax avoidance I learned from a billionaire: 1) Often times the best financial advice for those who are poor and in bad debt is the opposite of the best financial advice for those who are rich and have no debt

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@anthonypricecpa

1 year

The average age of a CPA is mid 50's and rising... The number of accounting graduates is dropping off a cliff... There's a tax pro shortage. Can you guess some reasons why?

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Tax Tone

@anthonypricecpa

2 years

Risk is just a scary word for "huge motherfucking opportunity"

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Tax Tone

@anthonypricecpa

2 years

25 hard truths about money + some actionable advice on wealth management I learned from a billionaire: 1) The bank takes your money at a 0.5% interest and borrows it at a 5-25% interest. You're literally being flipped for profit

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Tax Tone

@anthonypricecpa

2 years

If you die without a Trust, all your assets go into probate and become public information If you die with a Trust, all your assets go to your heirs, privately

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Tax Tone

@anthonypricecpa

10 months

Why do you make 250k/yr and only have 12k in your bank account HOW

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Tax Tone

@anthonypricecpa

2 years

Repeat after me plz LLCs are for liability protection They do not magically allow you to deduct your life

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Tax Tone

@anthonypricecpa

2 years

It's no secret that a small group of people controls the world But who are they and how much power do they have? I came up with a PDF with 61 quotes showing how bad the economic system really is The IRS doesn't want you to see this But RT this and I'll send it to you for free

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Tax Tone

@anthonypricecpa

2 years

Yo Twitter, I’m Tony. I’ve educated thousands on wealth strategies, asset protection and helped dozens of people avoid 6-7 figures in taxes. Here to expose the wealth strategies of the elite so you can use them too. RT this tweet for a free guide on avoiding taxes 🥃

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@anthonypricecpa

2 years

Relationship advice Get a Trust. If you divorce her, she doesn't get to keep anything. In fact, you can just remove her as a beneficiary and protect your assets. Just looking out for you bros.

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Tax Tone

@anthonypricecpa

2 years

Making $100,000 a year isn't that impressive anymore. You need at least $200k a year to have the same buying power as before. If not more.

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Tax Tone

@anthonypricecpa

2 years

This blew up so I’ll add another disclaimer This is obviously NOT a legal strategy nor tax advice

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Tax Tone

@anthonypricecpa

2 years

CREATE GENERATIONAL WEALTH 7 easy-to-understand steps that will help you protect your money and pass down your assets to your heirs. This thread could save your lineage:

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Tax Tone

@anthonypricecpa

2 years

You’ve seen me talking about Trusts. A way to pay less taxes, preserve your wealth, protect your assets and pass them on to your children. But why haven’t you heard about it from your accountant? 5 reasons:

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Tax Tone

@anthonypricecpa

2 years

The federal reserve is a private entity owned by private shareholders They print money out of worthless paper (taxing you through inflation) Then loan it to governments Then governments tax you (AGAIN) to pay the fed The entire fiat money system is created to enrich the elite

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Tax Tone

@anthonypricecpa

2 years

PAY LESS TAXES, PROTECT YOUR ASSETS AND CREATE GENERATIONAL WEALTH Here’s the simple way to do that (and why it will be both cheaper than you think and faster than you think):

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Tax Tone

@anthonypricecpa

2 years

If you don't despise paying taxes you haven't made enough money

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Tax Tone

@anthonypricecpa

2 years

You don't build passive income and become rich You get rich first, then use passive income to become richer

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Tax Tone

@anthonypricecpa

2 years

Lord give me the tax avoidance strategies of Bezos, the insider info of Pelosi, and the asset management skills of Trump.

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Tax Tone

@anthonypricecpa

2 years

What you see: Elon Musks donates $5.7 billion to charity What you don't see: That charity is a private family foundation of which Elon is the director These people play the game at a different level

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Tax Tone

@anthonypricecpa

2 years

Couple ways you can pay less taxes: - Get a Trust (Kamala Harris) - Gift your assets to a family member (Trump) - Buy assets to depreciate (Bezos, Amazon) - Give your usual expenses a legit business purpose - Use loans taken against assets (Buffett, Gates)

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Tax Tone

@anthonypricecpa

2 years

2 months after you start taking cold showers

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Tax Tone

@anthonypricecpa

8 months

The essential tax plays for $150k - $500k biz owners: - S corp setup - owners payroll setup - books setup - understand basic depreciation and the concept of timing expenses - relationship with a CPA That’s it. Now quit worrying about it and make more mf money

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Tax Tone

@anthonypricecpa

2 years

You haven’t eaten liver from an elk killed 5 hours ago and it shows

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Tax Tone

@anthonypricecpa

2 years

How to use this dip to save thousands of $$$ in taxes I've used this strategy for myself AND clients. And it's easier than you think. A thread on Wash Sales:

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Tax Tone

@anthonypricecpa

2 years

Make money, buy assets, make money from those assets, buy more assets, repeat

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Tax Tone

@anthonypricecpa

2 years

The goal is to be rich, handsome and pay the least amount of taxes legally

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Tax Tone

@anthonypricecpa

2 years

Elon Musk Tax Strategy: 1. Found a startup as majority shareholder 2. Make $0 in salary (literally), therefore $0 taxes 3. Turn startup into 12 Figure company (His shares worth ~200B) 4. NEVER SELL THE SHARES (still 0 taxes paid, use as collateral when liquidity is needed)

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Tax Tone

@anthonypricecpa

10 months

@TikTokInvestors Yo @IRS what are the odds she reported that $430 of income?

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Tax Tone

@anthonypricecpa

10 months

There should be 0 audits of taxpayers until every governmental entity passes an audit

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Tax Tone

@anthonypricecpa

5 months

Everyone wants S Corp tax savings No one wants to follow the S Corp compliance rules

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Tax Tone

@anthonypricecpa

1 year

If you make over 250k in income You NEED a bookkeeper I've been too nice about this. Pay the money for a good one My best clients have stellar books (often by me😀) If your books suck: - IRS audits will suck - Tax prep will suck - Making financial decisions will suck

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Tax Tone

@anthonypricecpa

2 years

How Kamala Harris avoids taxes: She has a Trust (that she's also the trustee of). The assets inside are "non-reportable". Not even to the financial disclosures of president and vice president. She has over 8 figures of non-taxable, non-trackable wealth inside.

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Tax Tone

@anthonypricecpa

2 years

3 Ways Amazon RECEIVED a $129 million tax rebate despite $11 billion in profit in 2018 See what tax avoidance at the highest level looks like in less than 1 minute:

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Tax Tone

@anthonypricecpa

2 years

CREDITS ARE THE CREAM OF THE TAX SAVING CROP Tax credits are a dollar for dollar reduction of your taxes (or paid directly to you) - way better than tax deductions Here are 7 credits that can help you pay less taxes (Read this if you don't like to pay taxes):

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Tax Tone

@anthonypricecpa

2 years

Could you be paying less taxes? Here are 4 questions to determine if your accountant is good (plus a free gift at the end from the U.S. Government):

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Tax Tone

@anthonypricecpa

2 years

Your accountant could be making you pay more taxes than you should. Here are 7 reasons why you should consider firing him:

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Tax Tone

@anthonypricecpa

9 months

Incoming call today “Hi I need a new CPA my old CPA is always cranky and old, I have a ton of questions I need to ask you” Ok sweet let’s do a consult it’s $300 for an hour “Um, I don’t normally pay my CPA other than after she does my taxes” Well ma’am I get why she’s cranky

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Tax Tone

@anthonypricecpa

2 years

You're rich when you put money in the bank You're wealthy when money puts itself in the bank

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Tax Tone

@anthonypricecpa

2 years

Friendly reminder that 40% of USD in existence were printed in the last 20 months.

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Tax Tone

@anthonypricecpa

9 months

Fly your CPA out and take him to a nice dinner (deductible) He'll probably give you 5 figures of tax planning game for free Just saying. Unrelated but I'm a big sushi guy

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Tax Tone

@anthonypricecpa

2 years

@CryptoCryptid2 This one’s great. Thx for the inspiration I wanna talk about this more

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Tax Tone

@anthonypricecpa

2 years

DM me if you're a business owner or make over $150k/yr and I'll show you LEGAL strategies to save thousands on your taxes

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Tax Tone

@anthonypricecpa

10 months

I started my own CPA firm for a few reasons: - Freedom - Income - Provide value to the world All three are coming true - Living wherever I want - 5x'd my salary with tons of growth to go - saved clients 6 figures in taxes with advising BUSINESS OWNERSHIP IS THE WAY

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Tax Tone

@anthonypricecpa

9 months

Donald Trump literally buried his ex-wife on one of his properties to save taxes

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Tax Tone

@anthonypricecpa

2 years

Don't want a job? Have 12 babies this year and you'll make $43,200 from the child tax credit

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Tax Tone

@anthonypricecpa

1 year

The pentagon lost over $2 TRILLION but that didn’t matter bc the day after that happened was 9/11 which meant we had to rush into a multi decade, multi trillion dollar war with a country that wasn’t responsible for 9/11 Haha, jk Hillary I know it's only a conspiracy

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Tax Tone

@anthonypricecpa

2 years

Top 3 sleep supplements: 3. Magnesium 2. Glycine 1. Knowing you paid the least amount of taxes possible and that your money is safe from all lawsuits, government hands and will be passed down to your future generations 100% legally

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Tax Tone

@anthonypricecpa

10 months

If you own a business and have kids HIRE THEM 1 They probably already provide services 2 Deduct it all (12k per kid?) 3 Income to them under 13k is tax free 4 Don't have to file W2 as sole prop 5 Invest the money into ROTH IRA 6 They learn about business and money Elite move

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Tax Tone

@anthonypricecpa

2 years

Tax EVASION is illegal and will make you a prisoner. Tax AVOIDANCE is perfectly legal and will make you rich. Big difference.

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Tax Tone

@anthonypricecpa

2 years

I’ve spoken with hundreds of crypto investors the last few months Maybe it’s just me but by far the crypto mentioned most is XRP Why?

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Tax Tone

@anthonypricecpa

2 years

I don't know who needs to hear this, But if you get divorced but you have a Trust, your ex-partner can't claim any of your assets.

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Tax Tone

@anthonypricecpa

2 years

Yo I can confirm the person you idolize is 3 years late on their taxes Their life is a mess too

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Tax Tone

@anthonypricecpa

2 years

You need to get so rich that your net worth becomes 0 Do you overstand what I mean?

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Tax Tone

@anthonypricecpa

2 years

If you increase tax on the wealthy They increase prices on the poor

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Tax Tone

@anthonypricecpa

1 year

Schools should teach students about taxes, but why would the government pay to teach people how to pay the government less money

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Tax Tone

@anthonypricecpa

2 years

Hey Paying off a credit card is not a business expense

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Tax Tone

@anthonypricecpa

1 year

@LegacyFuel4Ever Worst part is the food that you can feel giving you cancer

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Tax Tone

@anthonypricecpa

3 years

@AJA_Cortes Lucky to be from a place bountiful with Elk, Deer, Moose, etc. Not many others can hunt and eat the most nutritious meat available in the US.

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Tax Tone

@anthonypricecpa

2 years

Lord give me the tax avoidance strategies of Bezos, the insider info of Pelosi and the asset management skills of Trump.

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Tax Tone

@anthonypricecpa

1 year

2021: 100k tax bill from crypto gains, on a portfolio now worth 50k 2022: 400k in losses, only allowed to use 3k against ordinary income People learned some hard lessons about taxes thanks to the tragedy of the last 18 months in crypto

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Tax Tone

@anthonypricecpa

8 months

As a CPA working with a few hundred clients I’m seeing income and cash reserves drop And I’m hearing from them that the businesses they transact with are drying up too It’s coming

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Tax Tone

@anthonypricecpa

2 years

Giving the IRS more money for audits doesn't change the fact they will only do profitable audits What are the profitable audits? Small and medium-sized businesses that don't have the money and lawyers to fight them

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Tax Tone

@anthonypricecpa

2 years

America fought for independence in 1776 because Britain had the nerve to tax SUGAR and TEA imports Now we let drunk Uncle Sam take up to 40% of our income because they said we have to

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Tax Tone

@anthonypricecpa

8 months

🚨Couldn't be more excited to make this announcement! The CPA tax genius @mdeepe80 just joined Priceless CPA as our Chief Operations Officer and Senior Accounting Manager Couldn't be more excited to help people save taxes and crush tax returns together 🙏 Welcome Matt plz 👇

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Tax Tone

@anthonypricecpa

2 years

People who the tax laws benefit the most: 1. Entrepreneurs 2. Investors Things we're not taught to be in school: 1. Entrepreneurs 2. Investors

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Tax Tone

@anthonypricecpa

2 years

Don't pay for cheap stuff multiple times. Overpay for the good stuff once.

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Tax Tone

@anthonypricecpa

2 years

12) Reducing taxes is the easiest way to make more money 13) Tax Laws are built to benefit 2 types of people - ENTREPRENEURS and INVESTORS. Funny that we get taught how to do neither of those things in school

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Tax Tone

@anthonypricecpa

2 years

If the government really cared about you, they would subsidize business loans, not student loans.

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Tax Tone

@anthonypricecpa

2 years

Tax tik toks tell you to get an S Corp They don’t tell you that an S Corp with very high income and very low salary could make you pay over 10k more in taxes than a sole prop Why? The qualified business income deduction Don’t take tax advice from someone who can’t explain QBI

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Tax Tone

@anthonypricecpa

2 years

Young hustlers from money twitter need a highly competent, based CPA ME MFer

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Tax Tone

@anthonypricecpa

2 years

Donald Trump’s ex-wife let him bury her at his NJ country club to save on property, inheritance and income taxes And you can’t even get a text back

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Tax Tone

@anthonypricecpa

1 year

Everyone expecting a recession makes me think there won't be a recession

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Tax Tone

@anthonypricecpa

9 months

7.65% of the first 160k you make goes to pay for the retirement of boomers (15.3% if you're self-employed) And none of that money will be left over for us

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Tax Tone

@anthonypricecpa

1 year

GM Team Tone Crazy the change in impressions and engagement switching to private If you see this you a real 1 Hmu I will save you taxes

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Tax Tone

@anthonypricecpa

2 years

Your accountant could be making you pay more taxes than you should. Here are 7 reasons why you should consider firing him:

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Tax Tone

@anthonypricecpa

2 years

Stoked about the attention my trust thread got last week Tons of new followers down to learn tax mitigation, leveraging entity structures and wealth strategies Let’s get it🥂

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Tax Tone

@anthonypricecpa

1 year

3 biggest mistakes costing taxpayers thousands in taxes each year Take 5 minutes to save yourself a few grand this tax season 💸🤍

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Tax Tone

@anthonypricecpa

2 years

Mark Zuckerberg's net worth: $77.3 billion Mark Zuckerberg's salary: $1 He doesn't pay taxes because he doesn't "make" any money. It's all tied to stocks. Pretty smart if you ask me.

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Tax Tone

@anthonypricecpa

2 years

If you die without a Trust, all of your assets go into probate, and is public information If you have a Trust, your assets can safely and privately be transferred to your heirs

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Tax Tone

@anthonypricecpa

2 years

Telling people how much tax they owe is so painful to me Mans barely getting by making 36k a year in California, sorry now you gotta cut a 7k check to the IRS cuz self employment taxes It’s for the greater good bro we’ve got Ukrainian biolabs to fund

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Tax Tone

@anthonypricecpa

2 years

You get rich by taking high risks with a little money You get wealthy by taking low risks with a lot of money

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Tax Tone

@anthonypricecpa

2 years

You have a legal requirement to follow the tax rules I help you do that You have no moral requirement to pay more than legally mandated I help you do that

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Tax Tone

@anthonypricecpa

2 years

Three Ways To Get Wealthy: 1. Generate income 2. Invest so your money makes more money 3. Protect and avoid losing your money Money Twitter is great at 1 & 2 but could do a way better job at 3 That's why I'm here.

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Tax Tone

@anthonypricecpa

11 months

Biggest Tax Myths: -Distributing yourself money from your business is a taxable event (only in C Corp) -Opening an LLC in 0 tax state allows you 0 state tax -Having an LLC unlocks deductions -Filing an extension is bad -Being in 37% bracket means you pay 37% tax What else?

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Tax Tone

@anthonypricecpa

2 years

Book a free 15 min intro with me or risk involuntarily joining the LGBT community

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Tax Tone

@anthonypricecpa

1 year

Client: "Tone I'm about to file my crypto report can you review it before I send it in?" Absolutely. 30 minutes in we found $65k of incorrectly characterized income that would not have been offset by his other capital gains $18k taxes saved - $225 invoice W

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Tax Tone

@anthonypricecpa

2 years

Most of billionaire's "donations" to charity is just a way to save taxes because they donate to themselves

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Tax Tone

@anthonypricecpa

2 years

Due to inflation, $120,000 is the new six figures

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Tax Tone

@anthonypricecpa

2 years

8) You don't build passive income and become rich You get rich first, then use passive income to become richer

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@anthonypricecpa

2 years

Today is the day I decided that disrespectful prospects will be hung up on and never communicated with again Idgaf that you’re 60 and coached for 24 years and made your money in physical labor, you’re an asshole Mark Don’t need ya

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@anthonypricecpa

2 years

A 401k is basically saying you expect a savings account with 5% interest to perform better than you And if you can't make your income go up 5% every year you've got bigger problems than money

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Tax Tone

@anthonypricecpa

2 years

Trump is a billionaire. Paid 0 taxes in 10-15 years leading up to 2016. And you still think you're stuck paying 30%? Get an advisor.

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Tax Tone

@anthonypricecpa

2 years

Two worst loans you can take out: 1. Student loans (almost no ROI, arguably negative ROI) 2. Consumer loans (negative ROI)

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Tax Tone

@anthonypricecpa

1 year

WRITE OFF VALENTINES DAY 1. Put your significant other on your board of directors 2. Talk a lil business at dinner (very sexy & romantic) Boom 30% off Valentine's day Makes celebrating this Hallmark psyop of a holiday a little less silly

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Tax Tone

@anthonypricecpa

8 months

@TheJerzWay @lawrencekingyo 💯.. shoutout to the people like Jerz teaching the next gen of entrepreneurs how great this lifestyle is. Spending 2x more than in the US but life is 10x better and the business continues to grow 🙏🏻

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@anthonypricecpa

2 years

I have a client that sold his house for $2.5 million more than what he bought it for and we reduced his Cap Gain bill from $500k to $0. YOU DON'T PAY EXTRA WHEN YOU KNOW THE LAW

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