Brad Hart explains how business owners and the wealthy use tax structures to keep more money. Businesses get 81,000 pages of tax deductions while employees get almost none. He walks through the steps: start as a freelancer, form an LLC, then a C Corp, and use real-estate LLCs to cut taxes and protect assets.
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81,000 pages
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Wealth is a freaking game and it's rigged. The rich play the game, and the biggest piece on the board that we play with is the legal system. That's how you get the maximum potential. It takes time and effort to play this game. And I see some people stay poor because they're unwilling to play the game or admit they're wrong about money. There are 81,000 pages of tax deductions for businesses and almost zero for employees. The legal system is rigged to benefit the business owner. So become a business owner and it's super easy to start. You can become a freelancer, 1099 or sole proprietor. Run something small without taking on a bunch of risk. And then when you're ready to grow, you open your first LLC and then maybe open a C Corp, or then maybe go and buy some real estate and you open another LLC for that. All of these entities have a special legal opportunity to make them more money and keep that money instead of giving it to the government. Everyone at the top of government has businesses and tax laws written for them that favor businesses. Gee, I wonder why.