The greatest part of this short is Shaq saying it was the greatest day of HIS life. Not that of others but his. Its true for people with a sincere giving heart.

@katielowen

2 ай бұрын

You caught the most important part of the video, forreal 💯

@OriginalPuro

2 ай бұрын

video* this short video*

@Lqvy1

2 ай бұрын

@@OriginalPuroA short video is still a video…

@zhiaomingzu

2 ай бұрын

If you watch the complete video, the best day of his life was when he got drafted.

@phonecorner1

2 ай бұрын

God loves us all so much that he gave his perfect son to die for our sins and raised him from the grave to defeat death. Through faith in JESUS we can be saved and reconciled to GOD. please repent🙏♥️

Shaq attack the IRS😂😂😂

@HoniTheCircleMaker13

2 ай бұрын

IRS f'd around and got dunked on 😂😂😂

@TonySiragusa99

2 ай бұрын

@@HoniTheCircleMaker13this comment has me dying 😂😂😂😂

@Michael-pi8ps

2 ай бұрын

@@HoniTheCircleMaker13nah the IRS knows what’s in the tax code. There’s nothing there on accident

@HoniTheCircleMaker13

2 ай бұрын

@@Michael-pi8ps 🤓

@TheMegatron673

2 ай бұрын

Joker will take on batman but won't mess with the IRS. 😂

Shaqs the man. Dude has done a ton of work for kids in Miami. Definitely a savvy business man and man who truly gives back.

@vCLOWNSHOESv

2 ай бұрын

He was smart as a young man. Instead of wasting millions he listened to the right people.

@derekstaroba

2 ай бұрын

Stop paying taxes i been saying it for years quickest way to stop corruption

@rutoojinn

Ай бұрын

He also understand the value behind hard work. His kids know they need to make their fortune because he isn't giving it to them.

@kharyvines6971

Ай бұрын

SOMETHING AIN'T RIGHT. HE SHOULD BE A REAL BILLIONAIRE

"Tax evasion is a crime. Tax avoidance is an art." -Colin Chapman

This is amazingly smart. Not only did he help his parents have higher salary, he also gained trustworthy employees that wont leave his company

@latjjtal

3 ай бұрын

This is tax avoidance lol

@Free-Temp

3 ай бұрын

@@latjjtalwho cares?

@james10739

3 ай бұрын

​@Free-Temp Shaq if they try to put him in jail will care

@RandyGibson-sj7lr

3 ай бұрын

No it just shows you how corrupt rich people are and how they avoid taxes. Making the slaves pay for their 100 million yacht

@jasetsai

3 ай бұрын

This is not tax avoidance. The salary is subject to tax by the IRS. And, he had to pay payroll tax.

Shaq is such an amazing dude, all the stuff he's done for people is crazy 👏🏽👏🏽

@vasocreta

2 ай бұрын

damn straight. That dude is the real deal. I greatly admire his heart.

@colorblindvids

2 ай бұрын

If he’s such an amazing dude he’d be paying taxes like everyone else

@yobuddy852

2 ай бұрын

@@colorblindvids 😂😆 so because he's paying his mom&dad $1.25mill a year to not pay taxes while helping kids, the homeless, help people with affordable cloths, food, help others graduate college, and countless other things, he's not an amazing dude because he doesn't pay taxes? So paying taxes makes u an amazing person? Oh god 🤣😂😆 u funny

@jimmygilliland3619

2 ай бұрын

Taxation is theft hell I don't even pay that shit

@keepmoving2023-ku7nb

2 ай бұрын

Exactly 💯

"The University of Phoenix is an online program mostly. But I went to the head officials and said, "I don't want to do it online. I want somebody to teach me in a class.' And they came back and said, 'Unfortunately, we can't set up a classroom for one guy. You need 15 people.' So, I paid for 15 of my friends to get their master's,” Shaq just paid 15 buddies to get a Master's degree in Business Administration just so he could actually attend classes in person. I do see his point, nothing beats a face-to-face education.

@New_Creature_

2 ай бұрын

He would have only needed to pay 14 of his friends tuitions. Not great at math is he?

@VETERANMASTER

Ай бұрын

@@New_Creature_I came to type this but thx.

@robins265

Ай бұрын

@@New_Creature_typical business major 😅

@ltrev1979

Ай бұрын

I mean I don't think Shaq paid for his education, so let's cut him a break, math classes ain't cheap

@lamontyancey9642

28 күн бұрын

"THAT" IS SOME REAL BOSS GIVE BACK AND RAISE UP "MY PEOPLE" !! KUDOS SHAQ !!

Shaq is a good dude. He petty AF competitively but his heart is truly pure. He lives his life for enjoyment and is happiest when enjoying it with others. I’ll always be a fan 🙌

@curbyourshi1056

29 күн бұрын

On point. In it for the love all the way.

Shaq never cease to amaze me. This dude is such a great person. Such a huge public figure and great businessman. He not only knows how to make money but he really does give back not to the just the black community but to the less fortunate as well. Shaq is one of those celebrity that I would love to meet.

@J-Bird1234

2 ай бұрын

Coz he knows how to cheat the IRS?

@Noconstitutionfordemocrats

2 ай бұрын

​​​​​@@J-Bird1234Are they your butt buddies or something? Do you like to gawkgawk tax men?

@gtrboy1594

2 ай бұрын

Black community. Wtf does that mean

@FMD023

2 ай бұрын

@@J-Bird1234 your life must really suck huh?

@evilwayz1464

2 ай бұрын

There is nothing genius about this. Is not a Shaq thing. Shaq just doing what we business owners been doing since forever. You late like a mofo Shaq. Welcome to white people moves

The key word here is 'read'!!!! You can teach yourself almost anything, if you can read.

@DragonProtector

2 ай бұрын

Yup.

@DocUltimate

2 ай бұрын

And now you can ask chatgpt What a time to be alive

@TrueEnglishMan01

2 ай бұрын

You can read all you want, it’s not gonna teach you how to be a multi-million dollar NBA player 😂

@djinn_tseng

2 ай бұрын

this needs more likes

@dimmerdeath4706

2 ай бұрын

key words is read and listen nothing about what he said gets him around having to pay taxes

A good Man and I'm genuinely pleased he knows and has a good relationship with his Dad.

Role model, mentor, inspiration.

Shaquille O'Neal is absolutely amazing I only ever hear nice good heartfelt things about him which is why he's on my bucket list of people to meet I would just like to shake the hand of a brilliant man who puts Family First!❤

@arturopuebla4924

3 ай бұрын

I took a pic with him. He is nice and he acted like I hit him with his car. I worked valet

@J-Bird1234

2 ай бұрын

You got all this coz he knows how to cheat on his taxes?

@regg858

2 ай бұрын

​@@J-Bird1234 is considered cheating though?

@Rubbercity1

2 ай бұрын

@@regg858no it’s called stupid for those that would rather just pay the government instead of starting a business. 😂

@RT-qz5ci

2 ай бұрын

This cap shaq be on petty bullshit A LOT lol

Bout time somebody dropped a real gem

@wooterrackz2699

2 ай бұрын

You know his family still has to pay taxes right

@haydendhonydja825

2 ай бұрын

​@@wooterrackz2699 How do you know?

@wooterrackz2699

2 ай бұрын

@@haydendhonydja825 I own a business, ik scammers etc that's called payroll. For them, it's just like a w2 job, unless he's running it for them. If you have a llc even though you and your business are separate your taxes are the same you don't have to file for the money you paid yourself it's included in the businesses fillings, if you have a s Corp you have separate taxes.

@sweetjumperr1991

2 ай бұрын

Think about The family’s taxes compared to his , he would be giving up millions to the irs, his family don’t

@Batman-bh6vw

2 ай бұрын

​@@sweetjumperr1991 wouldn't something like 750k a year still put them in the highest income tax bracket?

Shaq is the kind of guy that kids should be looking at as a role model. Semper Fi!

@martiangod

2 ай бұрын

These young fools too busy looking up to dumb influencers and youtubers with immature content

@dimmerdeath4706

2 ай бұрын

the guy who bullied teamates by dumping buckets of piss on them. the guy who gloats about having 4 rings and downs on charles Barkley on live tv every week how he never got one. the guy who cheated on his wife. the narcissist that calls himself superman . the guy who was being payed millions of dollars to play a game but that wasnt enough motivation to keep himself in shape and have a disciplined work ethic.the guy who sat out games cause he didnt feel like playing disappointing fans who payed good money to see him play by working at a real job.

@darkice7669

2 ай бұрын

Exactly, Shaq instead of the loser Lebron

Shaq is not only underrated as a nba player but as a business man. Keep doing your thing big fella .

@hollymcgill

2 ай бұрын

He isn't underrated I had this man posters in my room and his NBA cards 20 years ago.

@socalpunisher

2 ай бұрын

@@hollymcgill he is simply because most people don’t have him in their top 10 all time players and not even top 3 centers . But in my opinion he’s a top 10 player and definitely top 3 center of all time . In fact I will go as far as saying he’s the ideal center of real basketball, so for me he’s definitely the number one center to ever play the game .

Education isn't about being smart. Education is about appreciating knowledge.

@khalidali6655

2 ай бұрын

Applying knowledge you mean lol appreciating it does nothing!

@propaganja7264

2 ай бұрын

​@@khalidali6655right! Knowledge without action is a honest waste.

@strongestnattyever-videos2247

2 ай бұрын

*He shifted his tax liability onto his own parents… so messed up!*

@chadrickmeridy4525

2 ай бұрын

​@@strongestnattyever-videos2247How so?

@strongestnattyever-videos2247

2 ай бұрын

@oopsiedoopsieimuffeditupagain *Nope! I’m a financial advisor… I can tell you with 100% certainty that he did. I’m more educated on this subject than you as well.*

I love Shaq. His heart is so generous.

@eduard348

Ай бұрын

you comment under the video where he literally explains how he avoids paying his share to the society and keeping it for himself yeah or his family, still the same.

The Dummies guide to business sales just sky rocketed

I'm usually against the wealthy dodging taxes, but bro's just taking care of his family so I can respect that.

@sidneyvandykeii3169

Ай бұрын

His family has to pay Taxes on their income, though. The IRS still gets theirs one way or another.

@jamesspalten5977

Ай бұрын

It's not dodging if it is within the law.

I love that man. He is a good example of a real American man.

@ffdd6102

2 ай бұрын

a real American is a person who doesn't pay taxes that literally will help other Americans? while being a multimillionaire. he sounds just entitled

@farwoodfarm9296

2 ай бұрын

@@ffdd6102what he’s doing is completely legal. Please tell me how much the Government helps you.

@chadrickmeridy4525

2 ай бұрын

​@@ffdd6102You sound asinine as hell. How does he sound entitled when he earned everything he made?? Make it make sense.

@justajawausingwifi4642

2 ай бұрын

​@@ffdd6102dude helped his poor family get out of trouble and has been involved with charity since the 90s including getting clothes and toys for poor kids. Tf you mean entitled? Whats the last selfless thing you seen any of the politicians or their donors do?

@devanterandle1369

2 ай бұрын

You're a perfect example of when ignorant Americans KNOW they don't know shit about a subject they come across, but want to share an opinion anyway. ​@@ffdd6102

Dr O’Neal is a great person to learn from

@MatthewSmith-du5dy

2 ай бұрын

I met him one time, and called him Dr. O'Neal. He was very happy about that. He talked to me far longer than I anticipated.

@ryanwood6006

2 ай бұрын

He's a genuine good person. That's great to see when you have all those other dummies like LeBron and kapernick

@oscarjr2679

2 ай бұрын

Shaquille* getting a phd from an online class don’t mean nothing

@soldadodecristo2480

2 ай бұрын

Don't forget he's also Officer O'Neal!

@grabbity

2 ай бұрын

​@@oscarjr2679he didn't get his PhD from an online school lol, WTF are you talking about? He got it from Barry University. Dislike the guy all you want,, but it's sad AF to just make shit up to downplay what he's done.

That's why Shaq is so Amazing with an Extraordinary Big Heart! ❤️❤️

Shaq is one of the best role models any person can have he just does what's right all the time and he does it because he wants to not because the cameras are rolling I hope I get to shake his hand one day great man right here

I did this exact same thing... My mom gave up working to raise me and my brother so she lost out on her peak earning years which drastically affects her social security. I have been paying her multiple times more than she ever made since 2014 so she will have peace of mind of a higher social security payment.

@bharathsubramanian6672

2 ай бұрын

That’s awesome! Hope you and your mom are doing well!

@objectivethinker3225

2 ай бұрын

@@bharathsubramanian6672 ty 😊

@robertsantiago953

2 ай бұрын

Did you pay onto her IRA as well , if her golden years are a major concern ?

@J_Clean_1996

2 ай бұрын

Congratulations on buying her out of her own mistakes.

@adonislauren3959

2 ай бұрын

😭😂😭😭 do your mom her the luxury of not working and u reward your mother who was blessed to not work with posting her so she still don’t have to work? Wow that’s what she supposed to do as your mother period even if she worked

Earning money is HARD but keeping money is INSANELY DIFFICULT.

@squibbelsmcjohnson

2 ай бұрын

Not if youre smart

@BIGSHARKMAN

2 ай бұрын

Lol keeping money is definitely easier than making money. Once you have money you could literally leave it invested on autopilot in an S&P 500 etf and its gonna grow 7-10% yearly. If you already have a couple million dollars thats a salary you could pay yourself just off of interest. The incredibly hard part is making a couple of million dollars while you still have some life left to live.

@TheGreatDrAsian

2 ай бұрын

What's so hard about not spending money? Just don't buy stuff lol

@strongestnattyever-videos2247

2 ай бұрын

*No it’s not… Earn more than you spend… and if you don’t earn a lot, better spend less than you earn. Not hard*

@leafster1337

2 ай бұрын

mortgage payments, charging your own business rent to ur personal self to lower some tax liability from brackets, use both personal and corp moneys into deductible financial expenses

Got to meet him just recently, his character really shines around the average man... He's got a great heart in him alright.

Shaq definitely ain’t a dummy. Dude became a genius at life, and how to live it. 🔥🔥🔥💯💪🏾

Shaq seems like the nicest dude

@skunkrasputin9045

2 ай бұрын

I've met him, he really is kind.

@Iam-still-noone

2 ай бұрын

🫡 he is one in a small group of people to remember where he came from and he pay it forward every chance he get

@intheshell35ify

2 ай бұрын

He just gave a speech on how to not pay taxes?!?!? And you idiots are throwing flowers?!? Get with it chumps.

@thomashelm6931

2 ай бұрын

Raised in a military environment. His family worked hard, because that's not easy. Good player and better, smarter human being.

@WillieWilliams-hy9wl

2 ай бұрын

He is the nicest man in my book! Bless you Shaq!

Smart guy. Shifts his tax liability to his parents. 😂

@lutherodaniels3799

2 ай бұрын

That’s what I was just thinking but he pays their taxes for them if they owe

@alanaldpal950

2 ай бұрын

That’s not what he was doing. He was lowering his taxes. Shows that you are not so…… smart

@Screamn.

2 ай бұрын

@@alanaldpal950 and increasing his parents taxes...shifting tax liability

@bradsimpson8724

2 ай бұрын

​@@Screamn.A hot take from a room-temperature IQ. EVERYBODY pays taxes. Would you rather earn $60K a year and be taxed on that, or $500K? The liability is the same, all that changes is the amount.

@makaiwise4609

2 ай бұрын

With the way tax brackets work though, they should be paying less in taxes since they’re still in a lower bracket than he is

Shaq is the Man ❤

Shaq is a great human. Love that guy.

This didn't make sense. He would pay half their tax burden still, and his parents would pay taxes on what they make. Also, this is the same thing every 1099 employee should be doing, lol.

@johnnysecular

2 ай бұрын

What Shaq described is a very sound approach but has nothing to do with reducing the tax burden.

@fazole

2 ай бұрын

​@@johnnysecular Wrong. He gets many more tac write offs plus depreciation on his property which is used for business. If the home is a residence and business, he gets some tax advantage there too. The money his mom receives can go into investments and if her income is below a certain threshold, she pays less tax and can kick back the profits to Shaq through a trust or similar vehicle. Only wage slaves pay full tax.

@Xantosdude

2 ай бұрын

⁠​⁠@@fazoleyea but he’s also suddenly looking at payroll taxes, franchise tax, excise tax, and more. That’s why he gets more write offs. His mom is making 750k, assuming she’s in California, she’s gonna get eaten by income tax. Sure the corporation saves on the business vehicle and office, but now if she has a car accident, the other driver can sue the corporation and shaq. It opens him up to more liabilities as well.

@jake.presents

2 ай бұрын

It does make sense. Normally you have to pay for your car, insurance, etc with what's left °after° paying taxes . So normal NBA players are taxed, then use the leftovers to buy their parents things. But since Shaq paid for his employees insurance and bought them 'company cars', those are business expenses he paid for with pre-tax dollars. For example, let's say Shaq's 1993 salary was $1M, taxed at ~35% ($350k), leaving him $650k to buy his parents cars, etc. Let's say that cost $200k, so now he has $1M -$350k(taxes) -$200k(cars) = $450k. Instead, he hired his parents and now he can buy them company cars, etc with the entire $1M. Remember the cars, etc cost him $200k total. Now his parents got their stuff, and he's taxed from $800k (~35%). $800k -$280k(35% taxes) leaves him $520k. $520k - $450k = $70k extra. But Shaq ain't making only $1M. So everything that's legal for a business to pay for, for example, cars, dental insurance, he'll pay for all of that pre-tax. And if he takes them out to a nice dinner and they discuss mostly his business interests.. tax write-off.

@scotts8284

2 ай бұрын

The Dummies Guide To Starting Your Own Business. This will fix what you "think" you know. By turning it into real knowledge. And now you will "know" how to incorporate yourself and pay less taxes.

He's not "avoiding taxes". He's just being smart.

@bermchasin

2 ай бұрын

they are the same

@blakejohnson2206

2 ай бұрын

Not really. He is paying his parents $500,000 to avoid paying $180,000 to the government. They would have only taken 37% of that money.

@al-bot1094

2 ай бұрын

@@blakejohnson2206 no. In that case, he is doing it to make sure his parents have income. It's funny that you think "him helping his parents" is actually "him being greedy".

@bermchasin

2 ай бұрын

@@blakejohnson2206 and yet he probably would rather his parents get 100% than the government get 37%

@blakejohnson2206

2 ай бұрын

@@al-bot1094 I never said it was him being greedy. Its just not a smart financial decision when looking at it financially. Nowhere in that book that he readd would it mention doing this for financial reasons. If you plan on doing it anyway then yes you can avoid paying tax on that money. Its the same as donating to charity.

You got to Love and respect Shaq.

Love you man! U are the best

Shaq and 50 Cent really drop these nuggets of knowledge to teach their fans how to be financially successful. I love to see black men handling their business and sharing the wealth of knowledge. Keep teaching men to fish, my guys!

@user-xm9ms5dl8d

2 ай бұрын

I love seeing white men being successful and helping other white men. Doesn't sound the same does it? But it should

@cianhennessy8546

2 ай бұрын

@@user-xm9ms5dl8d oh nah bro woke up and decided to ignore history

@jemeljordan-butler4510

2 ай бұрын

@@user-xm9ms5dl8d It doesn’t bother me. LoL It’s funny that you assumed it would. My statement shouldn’t t bother you either. Keep on living your life, my friend.

@mitchellwood4133

2 ай бұрын

Hardest lesson to teach is to just be a 7 ft 300# commodity and brand @ 20 years old and then just skip all the real life parts.

@squibbelsmcjohnson

2 ай бұрын

Which he learned from a book called starting a business for dummies 😂😂😂.

He’s also a doctor and a police officer. Shaq is amazing

@agookchild

2 ай бұрын

and a genie

@iirepp

2 ай бұрын

Johnny Sin Vibes

@mr.butterworth

2 ай бұрын

A doctor, huh?

@phillipparker4327

2 ай бұрын

@@mr.butterworth yea he holds an actual phd.

@alphapimp

2 ай бұрын

And a good rapper too

That's not how taxes work dude gonna be the next Wesley Snipes

@Mnil52

Ай бұрын

Yup and No one on this comment section understands a word you're saying

Shaq is such a great business man and a very wonderful human being.

One of the most genuine and nicest NBA players of all time.

@MrEminem

2 ай бұрын

I wouldn't say abusing the tax system is particularly "genuine" Still a nice guy

@LuckyCharms777

2 ай бұрын

I wouldn’t call mocking Chinese basketball players and overweight Hispanic women being nice.

@LKS-M9323

2 ай бұрын

​@@MrEminemits not abusing thebsystem. Its using the system, its literally set up for anyone to do the same exact thing. Most just dont know how to execute it or dont have the funds

Great respect for this man ❤❤❤

Love you Shaq!

That's great, Shaq. Sincere person takes care of those who took care of you.

Shaq is better than most business consultants

@knuts2

3 ай бұрын

His parents still have to pay taxes on the money fool. He isn't avoiding paying taxes on the money at all.

@JO-mg6xc

3 ай бұрын

@@knuts2who said anything about taxes, fool

@11lesdoon

2 ай бұрын

@@knuts2paying a lot less than if it was a gift

@Wizard080

2 ай бұрын

Wasn’t he advertising Crypto currency scams to us awhile ago?

@JO-mg6xc

2 ай бұрын

@@Wizard080 well he did not buy it

Shaq is one of the greatest human beings to ever live

@midasapprentice8670

2 ай бұрын

That's a bit much.🤔

Love Shaq.

Just amazing bruh much love

He not only helps strangers but he takes care of all of his relatives basically. Sending neices, nephews and cousins through college, buying relatives cars etc.

@squibbelsmcjohnson

2 ай бұрын

Which any major bread maker in a family should do lol... Not TOO much though because that isn't good but you should absolutely look after your blood especially when you have tens of millions of dollars

Smart man...and sweet too

Shaq's the man!!

Thank you!

Well it’s great that he helped his mom and dad out that’s the best part of the story but someone is still paying taxes on that money regardless

@fazole

2 ай бұрын

You can put the money in shelters, like an IRA, real estate, stocks, other businesses. When you are rich, you have MANY options, because you don't NEED that money on a weekly or monthly basis.

@prim3time996

2 ай бұрын

@@fazoleyou will still pay taxes when you take out of your IRA.

@FedkaSlovanich

2 ай бұрын

@@prim3time996IRA (the ones i use) you pay taxes when you put in, but whatever the IRA makes is untaxed unless you pull it out before retirement

@fadsa342

2 ай бұрын

@@fazole true but you generally still pay taxes. I'm far from an expert but AFAIK even wealthy people who live off loans against assets will eventually have to sell something that results in capital gains taxes. The tax man always gets his due although it might be less than he wanted. Well unless you do shady things like keep your money offshore or use some means of hiding it

His family still have to pay the taxes on that income...

@Felale

3 ай бұрын

Lower tax brackets + write offs.

@sergnio

3 ай бұрын

Agree, smart move, but it's not like "he's giving it to his family instead of the IRS" like that one dude said. He still gives money to the IRS, albeit less....

@markkagarura2391

3 ай бұрын

Yeah they still do. Much less than if they were getting it as gifts. Also he can defer the tax liability to or from Shaq Inc. Side note: As a company they consume professional services and create more jobs

@westmcgee9320

3 ай бұрын

@@sergnioso, you do GET the point, and yet… ? 😅

@haroldliriano5394

3 ай бұрын

My brother in christ. Even if the mom and father pay taxes at the highest tax bracket. What is left is still 4-5 times higher than what they were getting payed before and it is still less if shaq payed the tax himself

God Bless Mr. O'Neal.

May GOD keep blessing him and enriching him for blessing his family

You are not paying the taxez but Your parents still have to pay the taxes.

@alexkidd1906

2 ай бұрын

Tax brackets are a thing.

@E_IA007

2 ай бұрын

Yeah but now they make half a million they still have so so much more than ever before even after paying taxes

@deandrejones6023

2 ай бұрын

But then “gifts” can cover what they are losing in taxes

@TheBswan

2 ай бұрын

Employers still have to pay their portion of SS and Medicare, plus insurance taxes. Govt will bend you over at every opportunity, even just giving money to your own family. Then you gotta pay taxes whenever you buy anything, and whoever profited off your purchase has to pay taxes on that same cash again. But hey at least we have roads and a military industrial complex

@AttilatheThrilla

2 ай бұрын

He’s paying their taxes but it’s much less than what he would have to pay as an individual earner

Shaq is an outstanding person...well done sir!

Your a great person shaq . What you do for people god bless ya sir .

Shaq is not only an intelligent man but a national treasure.

This should be taught in every school as well as finances starting at kindergarten

@J-Bird1234

2 ай бұрын

You think the government is going to start teaching tax fraud in schools?

@spectreshot8536

2 ай бұрын

Don't you know school isn't to teach you anything useful. It's for useless curriculums that will do nothing and teachers pushing their alphabet soup ideology.

Easy to start a business when you have millions of dollars in the bank

@jindavis1384

Жыл бұрын

Why so pessimistically and critically negative? There are businesses that could be started and registered with between $100 to $1,000.

@besmart2350

Жыл бұрын

@@jindavis1384 registering and having a turnover are two different things.

@Lovelyinspo

Жыл бұрын

Most self-made millionaires didnt have millions in the bank

@jindavis1384

Жыл бұрын

@@besmart2350 You said "start" a business, not maintain a business. But my point still stands strong as most of the people who complain about society keeping them poor do actually have enough time and money to start a few or even several businesses before having to consider borrowing money.

@jindavis1384

Жыл бұрын

@@besmart2350 You are incorrect according to all the data I found on the first page of search results in 2 criteria: "How many millionaires are self-made?" & "How many millionaires inherited their wealth?"

What Shaq did was, he used his income or capital and he created a LLC, and he hired his parents to be part of the LLC to avoid paying double income tax. That's Brilliant.

Loved him ever since I seen Blue Chips...outstanding guy in life.

He is always a student of life and he continues to learn evolve and grow and after the game the work doesn’t end there he keeps going growing and expanding and he’s very inspiring.🎉🎉🎉🎉

Salute 💯 ❤ og Shaq dropping knowledge

Great human been ❤

Smart and humble

This ninja is real gangsta

Shaq is one of those genuinely good guys. A true statesman.

I'll look it up! Thank you

Soooooo many DJ Diesel fans at the raves had no clue Shaq is a Doctor. They were all trippy so the look on their face when I told he is a real Doctor was one of the funniest moments of my life. God Bless Shaq 🙏 I pray his family can work on things qnd get back together again 🤎 I'll never forget seeing his family and Kobes family standing together on stage as they watched the crowd in Aspen go wild for DJ Diesel. Big ups and love to Shaq 💯

Shaq bein the man is admirable. Bravo 👏

Met him in person once several years ago. He is s monster in person people dont realise just how big he truely is. T.v and ppl talking about his height just doesn't do him justice. He's a beast. Thats how big and tall he is. And he's really cool and generous and that boy can eat what we eat as an entire meal to him is just a snack...

@patriciabester7739

2 ай бұрын

Gentle Giant Yes. Monster No.!!🙄

@SilverioWilber-yc7mk

2 ай бұрын

Whenbi said monster, it was meant in the same way you said gentle giant. So yes i can agree. Still unless you've ever met him in person, that boy is a beast. And i say that with the upmost respect.

@patriciabester7739

2 ай бұрын

@@SilverioWilber-yc7mk with the upmost respect sir , He is a Man with 3 boys. ✌🏽

@SilverioWilber-yc7mk

2 ай бұрын

What?? Are you mad? Ya, you mad? But why you mad? .. o.k seriuosly, you're taking this kinda personal aren't you, why? Have you ever hearf Shaq speak. He would not be offended by my responses here. I don't believe you've ever seen any of his full conversations, other wise this would'nt be upsetting you. At least that's how you are coming across. Also you don't know much about him apparently, because he has 6 kids not just 3. So with that said.. I apologize for whatever your upset about, honestly though, it's not mine nor anybody else's fault if you are mad. So please, if your frustrated for any reason, then deal with it ob your personal time instead of nit picking what somebody has said on social media. I mean its not an attack on him or you. So.......? Thank you. Have a great and blessed day.

I love Shaq!

The better and best way is to get an IUL policy structured right, on everyone, max fund it, take a loan against the policy and pay them through a trust. Tax free.

@Alex-vu8es

2 ай бұрын

Where can I learn more about that?

@mrjuannorris_

2 ай бұрын

Search infinite banking

@mikasd9

2 ай бұрын

You lost me at universal life insurance

@GHUNTACO

2 ай бұрын

@@mikasd9life insurance scams

He made his family his "employees", that's frigging genius.

@rajsel8761

2 ай бұрын

What that about the fact that His father now has to claim income of $500,000 and still pay higher PERSONAL tax😅 His mother has to claim personal income of $750,000 😅 with state and federal that's like 60% gone to income tax! 😅😅

@TheObserver3

2 ай бұрын

@@rajsel8761 Even after taxes they are making more than they were at their jobs and thanks too their son they can retire early.

@imanoobtuber

2 ай бұрын

@@rajsel8761you can tell by the comments on this video how little people actually know about taxes. even shaq doesn't know shit lol.

That was low-key a genius move big up Shaq

Thank you Shack for your wisdom 🫶🏾

@JIA1327

Ай бұрын

@JamesJones-cg1ds--You mean GREED don't you ?? And , avoiding paying his taxes thereby forcing Uncle Sam to collect more taxes from the middle class.

Live of famoly and people makes him a great man

IRS just taking some notes on these YT shorts

@UncleSwell707

2 ай бұрын

It don’t matter. It’s in the tax law and many rich folks use this exact strategy.

@fadsa342

2 ай бұрын

@@UncleSwell707 The money has to come from somewhere so it's far more nuanced than he led on. Beyond that his parents still have to pay taxes on the money and the business also has tax liabilities. Wealthy people have other strategies that have far lower tax burdens

@jaad9848

2 ай бұрын

@@UncleSwell707 It does matter. Its tax fraud. They have to do a job to get paid a salary. You cant incoporate and put your extended as tax writeoffs because they are your "employees".

@UncleSwell707

2 ай бұрын

@@jaad9848 he did that over 20 years ago. If it was tax fraud, you think it would be hard to find this big mofo and take him to jail? He’s good man. He knows what he’s doing.

@jaad9848

2 ай бұрын

@@UncleSwell707 nobody is going to prosecute it. There is an insane amount of tax fraud happening all the time.

I love Shaq. Legend and funny af

From across the pond, i would love to shake his hand one day. Well done!

Shaq big brain moves

Sounds like many rich people that don't want to pay their fair share of taxes leaving it to the rest of us to pay for all of the resources that they also themselves use.

@kasession

2 ай бұрын

I used to believe that, but then I found out that's not true. People that don't pay their taxes go to prison. What the 'rich' do is use tax rules to lower their tax bill. They still pay taxes. The narrative that the rich don't pay their fair share in taxes is misleading.

@spinecollector9931

2 ай бұрын

lol who even WANTS to pay taxes??

Thank you Shaq

Good for him and his family !

Love Shaq

You got to give it to IRS their part anyway

@Bofum69

2 ай бұрын

Not if you spend it all first. That’s why he’s doing it for them.

@sethjohnson5887

2 ай бұрын

​@@Bofum69that's income on their part so yea they get their cut either way. They all pay taxes on that.

@TwoTwoFourSix

2 ай бұрын

It was either all of it going to tax or some of it and they get to keep it too

@priestesslucy3299

2 ай бұрын

This does trim the total money going to the IRS down by a sizeable margin. Probably around 15-20%

@fazole

2 ай бұрын

Yes, but you can give them less this way. If Shaq brings down his income, then he's in a lower tax bracket, plus since he's a business owner, his computer, cars, travel, etc. can all get a tax break and depreciation. The money that goes to his family, if carefully sheltered, won't increase their on paper income, and thus they won't go into a higher or very high tax bracket.

Exactly for you..

And I learned it from Shaq. Thank you💯📈🔥

He's a G! Incorporate Shaq, who does that? SHAQ!

I love when rich people say it’s that easy to make monwy

@piffcake

2 ай бұрын

How much do you want to make 750,000

@SuperApex93

2 ай бұрын

Right?

@LKS-M9323

2 ай бұрын

It really is. They just negelct the part of needing money to begin with in order to execute the gameplan 😂😂😂😂😂

@TheGeenat

2 ай бұрын

He has a massive talent. Thus he getith the big monies.

@skeezix8156

2 ай бұрын

Sometimes it’s harder to keep it after you do make it. Shaq’s figured it out

The greatest thing about this is that the americans aplaud people that screw their system up.

@edbradley6815

2 ай бұрын

Can you explain that? He’s using the system as it’s written.

@davidkrcil9326

2 ай бұрын

@@edbradley6815 No, he is using the loops. He is exploiting rules that were made for specific situations in entirely different situation to avoid paying his part towards the society.

@edbradley6815

2 ай бұрын

@@davidkrcil9326 gotcha, then it would seem upon audit that the IRS would rule that what he’s created is not a valid business concern thereby nullifying any tax advantage.

@davidkrcil9326

2 ай бұрын

@@edbradley6815 But the problem is that this kind of exploit is one of the legal ones. As I said, he exploits laws for a specific situation to benefit him in a situation they were not made for. But to prevent him exploiting them would mean removing that law and hence closing the opportunities for people it was actually made for. Sort of like when countries create low-interest loans and subsidies for small companies, but in the end big corporations create a lot of subsidiary small companies to get the benefits for themselves. It is legal, but it is screwing the system. In the end you usually have to the benefit program, because big companies find a way to exploit it. Or on a smaller scale, it is like placing a box of quality textbooks in low-income area with the purpose of giving textbooks to people that cannot afford it (maybe even with a sign specifically explaining that it is for them) and then some random high-income family comes and takes the whole box, because this way they save on the textbooks (or maybe even resell them for profit) - they technically do not break any law, but it is obviously wrong and should not be applauded (as some sort of "hustler that knows how to win"). Do you see the problem now?

BRILLIANT!!

I love Shaq, but yes, he didn’t have to pay the IRS on that 1.25 million, but now his parents do.

@4LIVIN_

2 ай бұрын

Yes but they're making more than they ever did before so in the long run it's a win win, he gets the write off, they get taken care of

@LuckiestManAlive

2 ай бұрын

Great analysis Captain obvious. What a horrible perspective to have... Since you're too stupid to understand the point, let me break it down for you. His parents are making 10x what they made before, on salary alone, for doing nothing. And if you break down that 1.25 million between two people the way he did, those two people are still paying less taxes than what one person would have to pay if they had entire salary. He found a way to save money and take care of his family while doing it. That's the whole point.

@herpderp66

2 ай бұрын

Taxes on 500k and 750k is much lower than what he would have paid through his inc.

@buryto1

2 ай бұрын

yes u forget that salary is taxable, and he pays much more tax on that salary… very smart 😂

@bryair6163

2 ай бұрын

Very true but I think it's worth it still

Someone paying that income tax lol

@Freedomofspech57

3 ай бұрын

Like ur even close to there tax bracket 😂

@dieselgoinham

3 ай бұрын

@@Freedomofspech57imagine being below half a million in 2024. Not everyone works at McDonald’s

@Freedomofspech57

3 ай бұрын

@@dieselgoinham i no right i own so many google stocks i feel like i own part of youtube 🤣

@dieselgoinham

3 ай бұрын

@@Freedomofspech57 I’m the same way with MSFT.

Great man. ❤

Greatness personified

He is a very good person