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The Wealth Without Wall Street Podcast
Round Table | How to Pay Less Taxes to the IRS: Case Studies
May 28, 2024
Learn how to pay less taxes to the IRS through creative tax planning strategies. Explore reducing expenses for children, maximizing QBI, and using your home for business meetings. Discover the benefits of the Augusta Rule and tips on turning active income into passive income. Join the discussion on optimizing tax efficiency and wealth acceleration, teaching financial literacy to children, and exploring the Qualified Business Income deduction for small business owners.
45:47
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Quick takeaways
- Reduce tax burden through careful planning and creative strategies.
- Leverage real estate professional status for tax advantages and deductions.
Deep dives
Understanding Time as the Most Valuable Resource
The podcast emphasizes the importance of time as the most valuable resource. The hosts discuss how they focus on tracking and gaining more time through their latest book, aiming to distill 10 years of learning into actionable summaries for their audience, promoting financial freedom.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode