Accelerated Real Estate Investor
Business
363: Two Ways that the 3 Types of Income Are Taxed with Josh Cantwell
2023-05-12
One thing that many real estate investors have in common is they have multiple income streams. Whether it’s W-2 income, businesses they own, stock, or real estate, however you’re making money, you need to understand the two types of taxes.
Here’s the thing: our tax code is set up to benefit the elite. It punishes employees and employers alike–and is designed to work this way.
In today’s episode, I’ll explain why people like Bill Gates and Elon Musk would choose to take home a salary of $1 (spoiler alert: it’s not because they’re feeling charitable or selfless!), why the elite are playing a completely different game when it comes to taxes, and why true passive income gives you the power to turn a profit while reporting a loss.
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Key Takeaways with Josh Cantwell
- Why business owners, the wealthy, and the super-rich never want to take a W-2.
- The key difference between W-2 and capital gains income–and what makes capital gains better.
- Why true passive income comes to you tax-free and can even help you achieve a negative K-1 on positive cash flow.
Want the Full Show Notes?
To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/363
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