363: Two Ways that the 3 Types of Income Are Taxed with Josh Cantwell
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.
The Forever Passive Income Live Virtual Event
The next FPI Live Virtual Event is coming up on May 19-21, 2023 where I’ll be sharing the step-by-step blueprint on how we raised tens of millions in capital and acquired over 4,300 units. Buy your FPI tickets today by visiting ForeverPassiveIncome.com
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
Rate & Review
If you enjoyed today’s episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, Spotify and YouTube so future episodes are automatically downloaded directly to your device.
You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU!
Connect with Josh Cantwell
Sign up for the Forever Passive Income Partnering, Mastermind and Coaching Program with Josh Cantwell
To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com