How to Pay Zero Taxes Legally: 10 Strategies for the 99%

🧲Section 122 gain exclusion allows investors to make up to $10 million tax-free on small business stocks.

🏠Primary residence exclusion allows homeowners to pay zero taxes on up to $250,000 of profits from the sale of their home.

💸Long-term capital gains tax of 0% applies to stock and crypto investments held for longer than one year.

💼Roth retirement accounts allow for 100% tax-free growth and withdrawals if used for qualified expenses.

🏦Depreciation from rental properties can be used as a tax write-off, reducing overall tax liability.

Who can benefit from these strategies?

—These strategies are applicable to the 99% of people, including small business owners, investors, homeowners, and anyone with a side hustle or retirement savings.

Are these strategies legal?

—Yes, all strategies mentioned are legal and recommended by tax professionals. They leverage existing tax laws and provisions to minimize tax liability.

Do these strategies require significant investments?

—No, many of these strategies do not require a minimum investment amount. For example, the section 122 gain exclusion and primary residence exclusion do not require significant capital upfront.

Do these strategies apply to all states in the US?

—Yes, these strategies apply to all states in the US. However, the availability of state income tax and other taxes may vary depending on your state of residence.

Can these strategies be used in combination?

—Yes, these strategies can be used in combination to maximize tax savings. Consult with a tax professional to determine the optimal combination for your specific financial situation.

00:00Learn 10 legitimate ways to pay zero taxes legally on a lot of money.

01:44Section 122 gain exclusion allows investors to make up to $10 million tax-free on small business stocks.

02:53Primary residence exclusion allows homeowners to pay zero taxes on up to $250,000 of profits from the sale of their home.

03:40Long-term capital gains tax of 0% applies to stock and crypto investments held for longer than one year.

06:19Roth retirement accounts allow for 100% tax-free growth and withdrawals if used for qualified expenses.

06:59Depreciation from rental properties can be used as a tax write-off, reducing overall tax liability.

08:25Losses from side hustles can be used as a tax write-off to reduce taxes.

09:35States with zero income tax provide an opportunity to eliminate state income taxes.