How do the U.S Tax Rates work?
1:25
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@giseledane
@giseledane Ай бұрын
what if i move to saudi arabia where there's no taxes at all?
@carltonjohnson4424
@carltonjohnson4424 Ай бұрын
Its hard to hear you
@user-ct9nm8lq5v
@user-ct9nm8lq5v Ай бұрын
😮
@leslieporter3350
@leslieporter3350 2 ай бұрын
'Promo SM' 🌹
@Needledownquilting
@Needledownquilting 2 ай бұрын
it doesn't grow - as they charge admin fees so if you don't use it, your account shrinks by 3 to 5 $ each month. the % you get on interest does not cover the admin fees,
@taxesshmaxes
@taxesshmaxes 2 ай бұрын
It depends on where your HSA is held and what your investment options are. Many of the larger banks / brokers do not charge any fees (Fidelity, Bank of America, Schwab) and because they are self-directed, you can invest as you deem fit (stocks, bonds, funds, etc.). Check with your employer to see if you're allowed to make a direct rollover to a self-directed HSA.
@anonimai
@anonimai 3 ай бұрын
What of ypu receive a huge amount like $5 million lets say? You, as the person who receives the gift, dont have to pay any taxes on that?
@taxesshmaxes
@taxesshmaxes 2 ай бұрын
That's correct - you as the recipient of a gift will not be subject to any tax. Even if the amount is in the millions. As long as it's a bona fide gift and not a disguised sale or income. It's the giftor (person who is giving you the gift) that will need to report this and potentially have a tax liability.
@dbag96
@dbag96 4 ай бұрын
woah really?? cool
@dbag96
@dbag96 4 ай бұрын
good tips! gotta play the credit card game right
@Aibao
@Aibao 4 ай бұрын
🤯
@DIGAHub
@DIGAHub 5 ай бұрын
Hi, I only sell on TikTok Shop and I see the platform has collected sale tax from my revenue automatically. Should I still report the sale tax on State website? What should I report? Please make a video about it. Thanks!
@PeterDeSantis
@PeterDeSantis 3 ай бұрын
It is my understanding that they will be submitting the tax for you. Howeve if you sell on Amazon and use FBA you will essentially create a Nexus in any state that is carrying/warhousing your goods.
@LilRemyRed
@LilRemyRed 5 ай бұрын
So from my understanding if you sell like say only on a online marketplace like ebay ect that doesn't get reported on you sales tax form because the platform is collecting sales tax,not you?
@joshsafari8709
@joshsafari8709 5 ай бұрын
I'd like to know this as well, I only sell on TikTok Shop, so I will not be required to identify sales on State sales tax forms?
@LotofLovefromusa
@LotofLovefromusa 5 ай бұрын
I have one question about the gifts received from online shopping site . They give free gifts when we refer a certain amount of people to the website. Does receipient of these free gifts needs to pay tax? Thank you.
@geancarlo2611
@geancarlo2611 8 ай бұрын
Great video! Easy to understand and follow! Thank you for the tips!
@taxesshmaxes
@taxesshmaxes 8 ай бұрын
Thank you!!
@Any0ne33
@Any0ne33 9 ай бұрын
Waiting for this to blow up.
@taxesshmaxes
@taxesshmaxes 9 ай бұрын
Still waiting also.... maybe you can help share this post :)
@davehoward3645
@davehoward3645 9 ай бұрын
Missed important detail. Can also use prior years income if it was lower than the 300k
@taxesshmaxes
@taxesshmaxes 9 ай бұрын
Great point @davehoward3645 - you can use your modified AGI from the year you take delivery of the vehicle or the year before, whichever is less.
@wagwon1297
@wagwon1297 10 ай бұрын
Thanks bro made a error I’ll fix my printer tomorrow and I’ll be set to be balling thanks for teaching me
@taxesshmaxes
@taxesshmaxes 6 ай бұрын
Anytime!
@shaafi1579
@shaafi1579 10 ай бұрын
Hank
@trisageonamoux9100
@trisageonamoux9100 10 ай бұрын
Hahahahahahahaha so funny except you're not a friend if you charge them
@dbag96
@dbag96 11 ай бұрын
LOL
@geancarlo2611
@geancarlo2611 11 ай бұрын
This is 🔥 🔥 😂😂😂 keep up the good content!
@taxesshmaxes
@taxesshmaxes 6 ай бұрын
Thanks!
@geancarlo2611
@geancarlo2611 11 ай бұрын
You give really good advice! That money gun outro!!
@taxesshmaxes
@taxesshmaxes 11 ай бұрын
Thank you!! If there's anything that you want to know about, post in the comment! Thanks for watching
@danielthomas9531
@danielthomas9531 Жыл бұрын
Great analogy - never thought of it like that 🪛
@taxesshmaxes
@taxesshmaxes Жыл бұрын
Thank you!
@dbag96
@dbag96 Жыл бұрын
genius idea!!
@taxesshmaxes
@taxesshmaxes Жыл бұрын
Thank you!
@Fine2You
@Fine2You Жыл бұрын
ah yes I relate to this because I AM TOTALLY A TAX person or that weird job
@taxesshmaxes
@taxesshmaxes Жыл бұрын
Happy you got your taxes filed on time! 💯
@Fine2You
@Fine2You Жыл бұрын
@@taxesshmaxes ah yes because im a grown man with a mushstash oh hoho im totally not 12 years old hehe hoho
@laithalmasri6985
@laithalmasri6985 Жыл бұрын
You could file for extension but
@taxesshmaxes
@taxesshmaxes Жыл бұрын
You can no longer file an extension after the filing deadline... April 18th was the cutoff
@laithalmasri6985
@laithalmasri6985 Жыл бұрын
@@taxesshmaxes I know that why I said but
@dbag96
@dbag96 Жыл бұрын
Really useful tip!
@taxesshmaxes
@taxesshmaxes Жыл бұрын
Thanks so much "D"
@Abdirazak_sulley
@Abdirazak_sulley Жыл бұрын
I can’t see the text because of the sub button
@taxesshmaxes
@taxesshmaxes Жыл бұрын
When your client finally does the one thing you’ve begged them not to do... 😩😂
@yashpatil7902
@yashpatil7902 Жыл бұрын
I'm not a lawyer but this is clearly frustrating.
@SomeShmuck
@SomeShmuck Жыл бұрын
Hdr content pisses me off. Hijacking my screen brighness.
@taxesshmaxes
@taxesshmaxes Жыл бұрын
Thanks for the comment!
@NychLinzstrom-lv4yq
@NychLinzstrom-lv4yq Жыл бұрын
Yeah, not me. Im under $10k for now. Nice Shock Top. I have a musty old bottle of it your "client" left in a box of junk they gave me.
@taxesshmaxes
@taxesshmaxes Жыл бұрын
Under $10K refund is still good - thanks for noticing the Shock Top - it was actually a makeshift trophy received at a fundraising event!
@MamaEgg3308
@MamaEgg3308 Жыл бұрын
I’ve liked and followed and expect proper tax tips, young man.
@taxesshmaxes
@taxesshmaxes Жыл бұрын
Thank you! Feel free to post topics that you would like to know more about! I might address it in an upcoming video!
@aniyahlyszt3531
@aniyahlyszt3531 Жыл бұрын
Want to keep those employees? Better make sure your definition of "a good salary, an hourly salary" is a living wage.
@taxesshmaxes
@taxesshmaxes Жыл бұрын
@Aniyah - Wonderful comment - in order to build a championship team, you need to bring the right people on board. Attaining great talent requires an investment! Thank you for your comment!
@dbag96
@dbag96 Жыл бұрын
Wow really good tip!
@taxesshmaxes
@taxesshmaxes Жыл бұрын
Glad you liked it Like and follow for more! An if there's anything you want me to discuss in a future video - comment below!
@bearb.7406
@bearb.7406 Жыл бұрын
Huh? You lost me.
@taxesshmaxes
@taxesshmaxes Жыл бұрын
Reaching out to a tax pro last minute is bad business practice. Speaking to them throughout the year and well in advance of the filing deadline will be the right way to go! Plan for success!
@Fishnutz737
@Fishnutz737 Жыл бұрын
Shut up bro
@davidjacobolopez11jacobo92
@davidjacobolopez11jacobo92 Жыл бұрын
🚶🏿🍑 🏃🏾🏃🏾🏃🏾