Create Generational Wealth Using a Turnkey Protection and Wealth-Building System with Scott Royal Smith
Entrepreneurs on Fire
00:00
How to Pay Zero Dollars in Tax
Scott: Is it really possible to pay actually zero dollars in taxes and to do that legally? Scott: We're doing this every single day with our clients in Royal Legal Solutions. The first things that you want to think about in tax is to just hit the low hanging fruit right like maximizing your home office deduction, he says. And then if you're making over fifty thousand dollars a year you want to start using an s corporation to be able to channel all of your active income which means all of the income from your business through that s corporation.
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