The WealthAbility Show with Tom Wheelwright, CPA cover image

5 Ways You Can Save On Taxes

The WealthAbility Show with Tom Wheelwright, CPA

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How to Put Money in Your Pocket Today and Have Money for What You Want Today

Everybody needs to learn these basic ideas of how to put money in my pocket today and have money for what I want today, okay? All we have to do really is convert from being an employee to being self-employed. Do you know that you get something as easy as this? Let's say you've got a home-based business and you pay your son or your daughter to do bookkeeping,. You pay them $12,000 a year for this, okay? That 12,000 is not taxable to your kids. It gets zero tax folks. Their tax bracket on $12,00 of salary from you is zero. So if you're in a 30% bracket and you pay

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