Wealthy Way How To Legally Pay Zero Taxes (This Years Strategy) - Greg Taylor
May 23, 2025
Greg Taylor, founder of Taylor Tax Strategy, shares insider tips on legally slashing tax bills. He discusses the triple tax benefits of Health Savings Accounts and how short-term rentals can save W-2 earners significant amounts. Greg reveals vital depreciation strategies for real estate and highlights creative ways to offset taxes through child labor. His inspiring journey from hardship to entrepreneurial success underlines the power of community support in overcoming adversity while mastering tax optimization.
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The Triple Tax Benefit of HSAs
- Health Savings Accounts (HSAs) offer a unique triple tax benefit: contributions are deductible, growth is tax-free, and withdrawals for medical expenses are also tax-free.
- This sets HSAs apart from other retirement and investment accounts, making them powerful tax-saving tools.
Avoid Owning Property in S-Corp
- Avoid owning property inside an S-Corp to maximize tax benefits.
- Proper business structure setup is essential before applying depreciation and other tax strategies.
Understanding Depreciation Basics
- Depreciation spreads the expense of assets over time to reflect wear and tear.
- In real estate, depreciation applies to buildings but not land, providing valuable tax deductions despite appreciation in property value.