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Podcast: Wealth Formula Podcast
Episode: 233: Tom Wheelwright: Change Your Tax By Changing Your Facts!
Description: It's not what you make but what you get to keep. Think about that for a second. If you are a physician in California that makes $500K per year, do you really make $500K per year? No you don't. With combined state and federal taxes, you make half of that. The Federal government and the State of California made the other half. Believe me, I've been there. I spent the first year after residency as a W2 employee and it's painful. I've illustrated how painful this is to my children by getting an ice cream cone then taking half of...