Mindset, Grit & Failure
How did Trump pay such a low tax rate using real estate depreciation?
Answered independently in 1 episodes. Every line below is verbatim from the transcript, timestamped to the moment it was said.
The short answer
What the archive says
01Real estate professional status plus depreciation can offset other income — Mark points to Trump's returns, where hotel and real estate depreciation wiped out Apprentice and retail income. source →
02Understand the difference between your marginal bracket (highest is 37.5% and graduated) and your effective tax rate after write-offs, which can range from zero to 35%. source →
03Treat a side hustle, Etsy/eBay 1099 or rental property like a real business — with books, tax deposits and reinvested profit — so the profit can be redeployed into assets. source →
In their words
What was actually said
It could be 35% now It is generally true the more money you make the more tax rate you're gonna pay a larger percentage of your income in taxes But then we've got strategies and tools for example Why Trump was such an anomaly and he really wasn't it's just the Wall Street Journal wanted to point this out is that he is a real estate Professional I've got his tax return here on my laptop.
The episodes