My First Million cover image

$250M Founder Reveals How The Rich Avoid Taxes (Legally)

My First Million

NOTE

Tax Code Rigged for Real Estate & Businesses

The US tax code is designed to favor business owners and real estate investors, making it the most tax-advantaged asset class and providing significant tax optimization opportunities for business owners. This bias in the tax code is often overlooked by individuals who are advised to pursue traditional careers, but in reality, becoming a business owner presents the greatest opportunity for tax savings. For W2 employees, the tax liability is a significant expense, often amounting to 30-50% of income, unless specific strategies are employed to shield it. This creates a disparity where W2 employees commonly have minimal opportunities to reduce their tax liability, unlike business owners and real estate investors who have ample avenues to do so.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner