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Podcast: Wealth Formula Podcast
Episode: 359: A Tax Update with Tom Wheelwright
Description: If you want to build wealth quickly, you have to learn as much about tax mitigation as you can. Most of these mitigation opportunities are in the world of real estate and business. However, there are creative (and legal) ways to mitigate taxes for W2 employees as well—just not that many. And sometimes it's not obvious that, despite a very attractive tax benefit, you should probably stay away. I learned that the hard way by investing in oil and gas multiple times. Oil and gas drilling comes up often for high-paid W2 employees because of the compelling ability to de...