Maximize your income with smart tax strategies and business investments

Jake Claver

Find more from Jake Claver by visiting the links below:  🖥Websites🖥 Digital Ascension Group - https://www.digitalfamilyoffice.io Beyond Broke Mastermind - https://mastermind.beyondbroke.com  Social media Twitter - https://www.twitter.com/beyond_broke Linkedin - https://www.linkedin.com/in/jacobclaver/ TikTok - https://www.tiktok.com/@jakeclaverqfop Facebook - https://www.facebook.com/jakeclaverqfop

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00:00Any income that you receive, even if it's dividends, passive income is going to be taxed

00:06less than W-2 income because you're not going to have to pay Social Security, Medicare, and Medicaid,

00:11but you're still going to have tax implications. So hopefully you're doing this inside of an LLC

00:16where you've got expenses and you can offset that taxable income that's a pass-through entity. So

00:24you have an S-corp and the other stipulation there is you got to pay yourself a reasonable

00:28salary. So maybe you're paying yourself 50, $50,000 a year W-2 that you are going to be taxed on,

00:32but the rest of its distributions from the business. And you're also able to use

00:36the funds within the business to get all the write-offs to offset the tax obligations there.

00:40Anyway, there's lots of different ways to skin this cap, but the point is you're taking out

00:45a loan against your assets, which is not taxable at a low interest rate. You're going to take that

00:50capital and deploy it through a business where you're going to make a higher return for whatever that is.

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