How to earn 6 figures and legally pay zero taxes (updated for 2020)

#21: The US tax system vastly favors leisure over labor. It favors people who just own things and sit around and collect rents over people who actually do work for a living.

How is this so?

Because rents and returns on capital assets are taxed WAY more favorably than wages from labor. So favorably, in fact, that you can actually make 6 figures income and pay zero taxes.

Every year.

For the rest of your life.

This would never be possible with labor wages.

So in this week’s podcast episode, I’ll show you how our tax system is structured in a way that allows you to make over 6-figures in income with zero tax liability.

What you’ll learn in this episode:

• Why and how our tax system creates this opportunity
• What are the scenarios in your life where you can take advantage of this
• Exactly how it works step by step
• And the best way to optimize this loophole

Links mentioned in this episode:

• IRAs, Roth IRAs, and how to get the tax benefits of BOTH (HYW004)
• How to take a year off, earn 6 figures, harvest capital gains, do Roth conversions…and pay zero taxes on it all (updated for 2020)
• TurboTax TaxCaster
• HYW private Facebook community

Intro/Outro: Old Bossa by Twin Musicom.