Do Businesses Get To Avoid Paying Taxes?

Get a 10-Day Free Trial of Market Insiders: https://theminoritymindset.com/Market-Insiders . . You might've heard businesses being referred to as tax shelters - do you get to avoid paying taxes as a business owner? Well, the order of operations of your money changes w/ business deductions & business expenses. Subscribe To Our Channel: http://bit.ly/M2YouTube 🚨Read Our FREE eBook🚨 3 Keys To Business Profits - Start or Grow a PROFITABLE BUSINESS In This Digital Revolution: http://theminoritymindset.com/get-3-keys-to-business-ebook/ Do Businesses Get To Avoid Paying Taxes? Check out some of our recommended sponsor products! Please note, the links below are from our sponsors. If you use any of the below products, we will get compensated but there's not additional cost to you. ---------- ➤ Fundrise 1) 🏠 Fundrise - Invest in real estate with as little as $500! See the historical returns here: http://bit.ly/InvestFundrise ---------- ➤ CIT Bank 2) 🏦 CIT Bank - Get a better interest rate on your savings account with no fees: http://bit.ly/CITsavings ---------- ➤ Webull 3) 📈 Webull - Buy & sell stocks, pay $0 in commissions, and get a free stock: http://bit.ly/m2WebullFreeStock ---------- ➤ Credit Cards 4) 💰 Credit cards are great if you know how to use them the right way. Here's a breakdown of our favorite cards: Best cash back credit cards: https://theminoritymindset.com/best-cash-back-credit-card-personal/ Best travel credit cards: https://theminoritymindset.com/travel-credit-card/ Best business credit cards: https://theminoritymindset.com/business-credit-card/ ---------- ➤Credible 5) 💸 Credible - save money on your student loans by refinancing with the lowest interest rates: http://bit.ly/m2StudentLoanRefi ---------- ➤ Policygenius 6) 🛡 Policygenius - make sure your family is protected with life insurance. Policygenius will find you the best deal: http://bit.ly/PolicyGenius 0:17 - Government gives business tax incentives to start a business 0:38 - Meet George and Nancy 1:13 - United States progressive tax for George 1:35 - Donald Trump might change the tax system 2:04 - Order of operations for money if you have a job 2:32 - Order of operations for money if you have a business 3:01 - Businesses get to reduce taxable income with business deductions and it lowers the tax rate 3:28 - Different business entities have different tax structures 4:06 - Businesses can be tax shelters 4:28 - How you can take advantage of these tax strategies with a passive business 5:06 - Business deductions have to be business related! Speak with an attorney and a tax accountant to ensure you're doing the right thing What Is The Minority Mindset? The Minority Mindset has nothing to do with the way you look or what kind of family you're from. It's a mindset. Give the majority $200 and they will come back with a pair of shoes. Give the minority $200 they will come back with $2,000. Think from the mindset of a consumer and be the provider, that's the Minority Mindset. Don't be the majority. #FTM #ThinkMinority #FinancialLiteracy #Taxes Snapchat @M2JaspreetSingh Personal Instagram: @M2JaspreetSingh Instagram: http://www.Instagram.com/MinorityMindset Facebook: http://www.Facebook.com/MinorityMindset http://www.TheMinorityMindset.com This Video: https://youtu.be/Y9IQN9jc6KI Channel: https://www.youtube.com/MinorityMindset Based in Detroit. Jaspreet Singh DISCLAIMER: This description may contain links from our affiliates, sponsors, and partners. If you use these products, we will get compensated - but there's no additional cost to you. DISCLAIMER CONT'D: I'm just a random guy on YouTube - do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.