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76 \\ Tax Strategies for High-Income Earners: How Business Ownership Reduces IRS Bills

Author
Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert
Published
Mon 05 Feb 2024
Episode Link
https://smallbusinessfinance.podbean.com/e/76-slash-your-tax-strategies-for-high-net-worth-individuals/

High net worth individuals often feel stuck paying massive tax bills year after year. In this episode, I explain why W-2 income offers very few ways to reduce taxes and why owning a business changes everything. Through real client conversations—including a doctor earning nearly $1M—I show why starting or investing in a business opens the door to meaningful tax strategies. You’ll learn how LLCs and business income create opportunities for deductions, wealth building, and smarter tax planning. If you’re a high-income earner frustrated by your IRS bill, this episode shows the clear steps you can take to finally leverage the tax code.


 


Next Steps:


💰Pay Less in Taxes – Start Here! 💰


☎️ Are you overpaying in taxes every year?  Schedule a FREE discovery call to find out!


📧 Contact Me --> [email protected] 


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