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In the Hidden Money podcast, you'll learn how you can legally use the tax code to your financial advantage. There’s wealth inside the tax code. Taxes aren’t the enemy.
Most people hate taxes (and pay more than they should). But when you view taxes only as an evil expense, you miss out on legal ways to grow your wealth. Unlock the secrets to saving tax and building wealth with the Hidden Money Podcast! 🎧💰 Hosted by Mike Pine and Kevin Schneider.
Mike Pine: How many times do you hear
people say if you're W-2, there's
really not much savings in tax for you?
No opportunities.
You're a W-2 taxpayer.
BALONEY!
We're gonna break open
that myth here today.
We did cost segs and suddenly
zero tax on her $100,000
zero tax on his $500,000 that year
So she made $250,000 for her family
Kevin Schneider: Just
taking what they already had
revamping the facts a little bit
being intentional not
waiting till December
not procrastinating
tackling it
and enacting a tax plan
worth over $200,000.
Yes.
That was awesome.
Mike Pine: Welcome to this
week's Hidden Money Podcast.
We're excited to talk about
this one, Kevin and I.
How many times do you hear people say
if you're W-2, there's really not much
m-money, not much savings in tax for you.
No opportunities.
You're a W-2 taxpayer.
Baloney.
We're gonna break open
that myth here today.
Kevin Schneider: Agreed.
I think w- there's so much
you could do as a W-2 earner.
Now, are you more restricted
than a business owner?
Yes.
By...
But who's to say you can't open
up your own trade or business?
Who's to say that you can't do some
things even as a full-time W-2 employee?
Who's to say you can't open another trade
or business and try to earn some profit
doing something else, and then we utilize
that as a means to deduct more in tax too?
Mike Pine: But that's not the
only thing you can do, and
we're gonna save that, tease it.
You can always open a
business to save taxes.
That will be next week.
Tune in next week for our
episode on businesses and
starting a business to save tax.
Mm-hmm.
So you can't go there.
That's off limits for the rest of year.
It's t- No.
No, you're not allowed to.
Okay.
So
Kevin Schneider: just straight W-2 earner.
Straight W-2 earner.
Mike Pine: W-2 earner.
You're not gonna open a
Kevin Schneider: I'm a good employee.
I show up to work, my
nine to five, come home.
They, my employer with- withholds
taxes without even me making a choice.
I have no choice about it, right?
Can I talk about
Mike Pine: C-Can I talk about that?
Can I interrupt now?
Yes.
Okay.
Kevin Schneider: No?
Okay.
Not yet.
But I...
You do owe tax.
So if you make $100,000, I have to pay
my fair share of taxes on that, and the
employer typically is going to withhold
on that, your employment taxes and your
Mike Pine: federal
tax.
Kevin Schneider: So how do I even begin
to tackle that because I don't have
a trade or business until next week.
I don't have a trade or
business, so what do I...
How do I even start to tackle this?
Mike Pine: Great question.
I'm so thankful that you
finally allowed me to talk.
You know, I'm gonna go back up before
I answer that question because you
wouldn't let me talk when I wanted to.
Um, we just had this conversation
with our video producer, and she
just finished filing her taxes and
she said, I, we said, "How'd you do?
Did you pay taxes?"
She said, "Well, I got money back."
And I, I said, "Well, how much did
you actually leave on the table?"
She's like, "Well, what do you mean?"
And I told her, "You go
look on your tax return.
Page two of your Form 1040,
about a third of the way up,
it says this is your total tax.
That's how much the government kept."
She said, "I don't wanna
Kevin Schneider: to go see."
Mike Pine: Mm-hmm.
Um- I wouldn't either ... refer back
to our previous episode, The Beast That
You Need to Tame, Mackenzie, please.
Um,
Kevin Schneider: that
Mike Pine: being said, let me
just talk about why that is and
why the W-2 taxpayers generally
pay more taxes than they should.
1913, the 16th Amendment- Oh, boy
to the United States
Constitution was passed
Kevin Schneider: They
Mike Pine: and this is all the whole New
Deal, this is when progressivism started.
You had Woodrow Wilson and Theodore, um,
Roosevelt, they thought, "If we can make
the government bigger and put experts
in charge, everyone will be better off.
But we need money."
And originally in the Constitution, the
original Constitution before the 16th
Amendment said there sh- the Congress
shall not or the government shall not levy
any taxes except based on proportional
population, meaning no income tax allowed.
Now, they did try a little bit before then
during the Civil War, but it got smacked
down by a good Supreme Court eventually.
It just took a while.
So here's how they sold it though.
They sold it, "Hey, everyone,
we're gonna do this, but none of
you are gonna pay income taxes.
Only the richest people," I think
it was making over $500,000 a year.
Don't hold me to that,
but somewhere close.
But that was $500,000 a year in 1913,
which is like 15, 20 million now.
I don't know.
Go...
You can go grok that and let
us know in the comment below.
So anyways, they said, "Only people making
over 500,000, and we're only gonna tax 5%
of those of the money made over 500,000.
That's it.
Only the richest are gonna pay it.
It's only gonna be 5%."
Okay?
Well, they started to recognize
or accepting taxes, taking taxes
in, and they realized, "Wow,
we're not getting enough money.
We want to grow the government bigger.
There's so many better
things that we can do."
So they raised it again, and they
lowered it down to normal people.
And by the early 1920s, most middle-income
households were paying income tax.
People weren't liking that.
You know, there's another amendment
they opened that where they
prohibit- prohibited alcohol.
That lasted like 11 years 'cause
the rest of America was like,
"Heck no, give us our booze back,"
and they had to put it back in.
Well, the government was scared that if
they kept going at this rate, they knew
they needed to raise more taxes, but if
they kept going at this rate, the public
was gonna demand they repeal income taxes.
They couldn't have that.
So they came up with mandatory withholding
rules by the federal government.
Their reasoning was, "If the employers
n- or employees never see the money,
they never have to send the money
to the IRS like was, was happening
previously, then they won't care
that we're taking taxes from them."
They won't even know.
"They won't even know."
Drives me crazy, but just a pet peeve.
So they instituted that.
Now, as an employee, as a W2 taxpayer, you
don't get to see the taxes that you pay.
Your employer is required to
withhold it from you and send it
to the government on your behalf.
And I can't prove this, but
I have a sneaky, very, very
sneaky, well-educated hypothesis.
It's a
Kevin Schneider: big word
Mike Pine: me Hypothesis.
I'm really impressed.
Thank you.
That the reason most people get refunds
is because they've created these
withholding tables to be too much.
Bless you.
He's allergic to withholding
taxes just like me.
So they, they created these withholding
tables to where people generally have
more taxes withheld from their paycheck
than they're ultimately gonna pay tax.
I call that stealing 'cause they're
not paying you interest on it.
It's your money they're taking.
And then you file your tax
return, and you get a refund.
And then you have people like
our, our video producer, McKenzie,
like the man in the street...
Go back, go YouTube right now.
Go look up on YouTube.
Look up man in the street or
woman in the street on tax day.
Or the question asked and recorded:
"How much taxes did you pay?"
19 out of 20 people said,
"I didn't pay any taxes.
I got money back."
Not true.
You as a W-2 taxpayer are
paying way too much in taxes.
If you get a refund, you're still
paying too much in taxes, and
you gave the IRS a tax-free loan.
You just overpaid your taxes.
Or interest-free
Kevin Schneider: interest-free loan.
You just overpaid
Mike Pine: your taxes.
Don't
Kevin Schneider: do that.
Yeah.
I'd much rather, and it's weird, but
you'd much rather owe the government
at the end of the year 'cause it means
you underpaid if you're not doing any
Mike Pine: tax
planning.
And you, you got an interest-free
loan from the government.
If
Kevin Schneider: you owe the
government, and maybe, maybe I owe
on my taxes two, $3,000 in taxes.
That would be kind
Mike Pine: hard if you didn't budget
Kevin Schneider: for it.
It would be.
But in theory, what, what happened is
you didn't pay enough taxes throughout
the year at your income level, so you
owe the government more, and they're
not charging you interest on that
Mike Pine: if you pay it on
time.
If they pay it on time, and you
don't, you know, you get the est-
um, proper amount of estimated
tax, which we work with our clients
Kevin Schneider: to help
calculate that.
But ideally, we want your total tax,
so that's what our job is, is we're
not attacking the refund or tax owed.
That is kind of the byproduct
of our, of our service.
Our service is attacking the next,
the step deeper- Yeah ... the
total tax levied to you, whether
you withheld or not, whether you
paid estimated payments or not.
We need to attack your total tax,
and if we can get your total tax
down and you still had withholding,
yeah, you're getting a big refund,
but we, we've tackled the total tax
problem, not the refund problem.
I can get a big refund every year.
I'll just pay myself 100 grand a
year, and I'll do 90% withholding.
I'll take nothing home from me,
nothing home on a weekly basis
or a monthly basis on my W-2.
I'll just pay in all my taxes, and
then when I file my tax returns,
I'll get, heck, I'll get a, a 30,
Mike Pine: 40
grand refund every
year.
If you do that, we're
dissolving our partnership.
Revo Taxpayer Advocacy is no more.
You should.
Because
Kevin Schneider: that is,
that's malpractice.
But it's just an illustration of kind of
what would be happening in a, in a refund.
Yeah.
It's like you're just, you're,
you're, you're paying taxes
to get them refunded to you.
Why do that?
And so let's talk through
what does that look like.
Now, there are some tried and true things
as a W-2 employee you should be doing.
If you're working at, um, your employer
offers you a 401with a match, with
match or not, you could contribute
up into the 401- Every year, pre-tax.
Now there's...
You can do a Roth.
There's two different types
of retirement accounts.
There's your traditional retirement
account or your pre-tax account, where
every dollar that your employer withholds
from your paycheck and contributes
it, it reduces your taxable income.
But when you get into your
70s, you're gonna be hit with
required minimum distribution.
So you're gonna be required to
take all that money out, um, and
then you're gonna pay tax on that
contribution at that point of all
the, all the money you stashed away.
Now, the reasoning behind that is
you get the deduction on the front
end, and the government is not gonna
let you just ride that out until you
die to where it goes to your heirs,
and then they ride it out, you know?
They are gonna eventually make you trigger
tax on all your pre-tax 401contributions.
So that's the reason for the
RMD, is they're like, "Hey,
we got you your tax break.
Now let's make sure we get taxed."
Mike Pine: Yes, Mike.
Did, did you notice how long
it was until I interrupted?
You bet.
Yeah, that-- I
Kevin Schneider: think I broke
Mike Pine: a record.
Thanks.
That was.
I...
That was hard.
Kevin Schneider: hard.
Mike Pine: I'm just gonna point
out, though, and, and not all...
And I don't-- I'm not even sure
if you agree with me on this.
We'll find out.
I think maxing out your 401, I...
Unless you're getting matching, it
makes sense to max out the amount that
you'd get matched in a lot of cases.
But I think that should be one of
your last resorts for tax planning.
Because once that money is in the
401, you're, it's stuck there.
It's good to have 401, but there's
so much more you can do with it, and
we talk about it in tax advantaged
investments, where if it's not stuck
in a 401, you have access to it.
The government can't control when
you can take it out or how you
take it out or tax you on it later.
You, you have more options.
But I think, so in my humble
opinion, I'm very humble.
In my humble opinion, you should...
You, you didn't have to give that smirk.
Kevin Schneider: I am humble.
Mike Pine: I am humble.
You are.
Ask my wife.
Kevin Schneider: Yeah.
Look
at me.
Mike Pine: with my kids.
She's asking.
Oh.
Yeah.
Yes.
Now you threw me off.
But I, I think you should develop a
more comprehensive tax strategy, and the
401should be one of your last resorts.
But in-be informed.
Make sure you're doing it for the
right reason, not because you think
it's the only way to reduce your tax.
Because- Yeah ... how
many CPAs tell you that?
Yeah.
"Oh, your W-2.
Max your
Kevin Schneider: Max your 401."
Max your 401.
I mean, it's just, it's a step, right?
Like, I think a lot of
people struggle with saving.
It's an easy way to save on
the front end without the cash
coming in, and then you...
It comes out like your taxes.
You don't even know you're doing it.
So you can max out your 401.
You may not even know you,
you're doing it, right?
And then it grows, time value money.
You're
Mike Pine: a millionaire
Kevin Schneider: by the time you retire.
Yep.
So there's truth to that, but there's also
truth to it's not my only thing, and it's
not gonna drastically move the needle.
If you're making $500,000 on a W-2
and you max out your 401, you just
dropped A penny in a big pile of
Mike Pine: coin,
Kevin Schneider: right?
It's not gonna be noticeable.
It...
Does it help?
Yeah.
We're gonna stack these tried-and-true
things on top of a bigger plan.
Um, it's just also very
easy to do your 401.
You don't have to think about it.
You don't have to get
a tax advisor involved.
It's pretty much offered at your employer
level, and you just sign up for it and
give your percentage, and it's invested.
So it's really a no-thought,
easy tax, way to tax plan.
Now, there's also a Roth.
You could do a Roth, which is not
pre-tax, but it grows tax-free,
and there's no RMD on it.
That's not a-- That's like
a tax plan for the future.
You're not really saving taxes today.
But let's get-- let's just take a step
back, and let me kinda do some Tax 101.
Mike Pine: We haven't done Tax 101 in
school.
We were supposed to start with that.
Yeah.
Kevin Schneider: my bad.
It's about time.
Yeah.
Well, you gave the history lesson.
So you gave a history lesson to tax.
You did History 101.
I'll do Tax 101.
All right.
So Tax 101, no matter who you are,
whatever taxpayer you are, you could
be making 30 grand a year or $30
Mike Pine: million a year.
Doesn't matter.
I don't make
Kevin Schneider: 30 million a
year, but- You, you already interrupted.
See?
No.
So you got three buckets of income, right?
You have active income, you
have passive income, and then
you have portfolio income.
Those are the only three
buckets you make money in.
It's important to diagnose where
your income is coming from is
because it dictates how you tax plan.
If you're a W-2 earner and you
make money as a salaried employee,
that is in the active category.
You are trading time for money.
It's actively earned.
If you're self-employed,
it's active income.
You're actively managing
your business, making money.
That is active.
Passive income typically is
real estate defaults to passive
classification, royalties.
Um, if you invest in a business,
kinda like Shark Tank, I
always think of Shark Tank.
Like, Mark Cuban is not managing
those businesses he's investing in.
He is a passive investor
providing guidance.
That business is passive for him.
He's not active in the day-to-day, right?
So that's a passive income.
Then you have portfolio income.
Portfolio income's just your interest,
your dividends, your cap gains.
So it's important to first,
where, where's my problem?
Because if I have an active problem,
if I have a high W-2, I cannot
passively go buy real estate.
I cannot passively invest in a business.
I cannot trigger a bunch of capital
losses in the portfolio bucket
Mike Pine: and offset my active income.
Most people have learned that one.
If you ever had a bad, a bad investment
in the stock market, you lose $10,000,
you're like, "Oh, at least I get
to deduct 10,000," and then you go
into TurboTax or go to your CPA,
Kevin Schneider: You only get to take
three grand a year.
Yeah.
So you cannot just trigger a bunch
of capital losses to offset your W-2.
So we have to develop a plan
that attacks active income.
If you are-- If you have a bunch
of passive income, here's the
cool thing about active losses.
There's so many ways and unique
ways, even as a W-2 earner, to get
active tax losses allocated to you.
If we can get active losses and you have
a bunch of capital gains Active losses are
the strongest losses in all of taxation.
Active losses reduce passive
income, reduce portfolio income.
So if we...
Our goal is to first we
diagnose, we define the beast.
If, if you wanna know more about that,
go to our past episode, or last week's.
Define where my tax problem is,
then we develop a customized plan
to attack that specific problem.
I cannot come up with a tailored tax
plan for every taxpayer out there.
I'm not a blanket tax strategist with
five tools in my tool belt, because your
problem may be a passive problem, a com-
combination of portfolio and active.
I have to know where your income's coming
from and develop a plan that fits those
categories and does it with li- within
those limitations, phase out limits.
There's so many things at play
here, um, but that's what we do.
Yeah.
So that's, that's your Tax 101.
You won't be tested on it, but it's
good to know, and you could just kind
of just get a piece of paper and jot
down where your income is, and majority
of people have an active tax problem.
If you're a W2 earner,
Mike Pine: it's
an active income problem.
Please do me a favor, audience.
Go and comment in the comment
section below on YouTube or wherever
you're watching this podcast
or listening to it, and vote.
Say who...
Tell us who's a better and more
interesting teacher, my tax history or
Kevin's- Tax 101 ... Tax 101 buckets.
Although that is really...
It's, it's good meat because active losses
are the bomb, and that's really what we
need in this episode where we're talking
about how to tax plan for W2 taxpayers.
So your W2 is active income.
Only way to reduce that
Kevin Schneider: significantly
Mike Pine: is either through itemized
deductions, but that means you're
spending a lot of money, generally
speaking, or come up with active losses.
Let's talk about some itemized deductions.
Uh, actually, back up.
Kevin Schneider: I know you
Mike Pine: thought it
was your chance to talk,
but no, I'm not done.
Kevin Schneider: Kevin likes to talk.
I'm starting my own podcast.
Mike will have his podcast,
Mike Pine: I'll have mine, and
then we'll have Hidden Money.
And then we can go head-to-head.
Yeah.
And see who can get the most subscribers.
Kevin Schneider: Done.
Mike Pine: Okay.
But in the meantime, please subscribe
and like this podcast, Hidden Money.
Um, and comment below if you want
to see Kevin with his own podcast.
I don't know if I'd
Kevin Schneider: if I'd watch it.
Your wife probably would.
Mike Pine: I would have one subscriber.
Kevin Schneider: A few.
Maybe two.
You have
Mike Pine: You got a big family.
Um, so the way you should reduce your
W2 income isn't the same for everyone.
You can have the same W2 as, as
your coworker, but there's things
that matter more to you than others.
So we have a client that we were
just talking, or I was talking to a
couple weeks ago, a new client, tax
planning, and they are very charitable.
Um, they were wanting to provide a house.
They, they always tithe 10%.
They also wanted to buy a house
for this family that they, that...
A needy family.
And That's important.
They're gonna do it anyways.
So if they just go buy them
a house and give it to them,
there's no deductions there.
But they're gonna do it anyways, right?
This guy's a really cool guy, pilot.
Um, so I said, "Why not
start a charity, a 501[3]?
Let's put together a board
where you're not the majority
owners or the managers of it.
It's a charity to help people who are hard
up in your state go and, and, and help
them get a, a foot up and get a house.
At least get the down payment for
them and help them with rent."
Like, I can do that?
Yes.
They were gonna do it anyways, and it
wasn't costing them over 100 grand.
Guess what?
They get to deduct that 100 grand
now from their ch- from their W-2
as a charitable itemized deduction.
Kevin Schneider: Mm-hmm.
Mike Pine: Your coworker
might not wanna do that.
He might not wanna go buy people houses.
Your coworker might wanna
invest in real estate.
Maybe your coworker has waited all
year and didn't think about this,
one of the beast, procrastination.
They come to you, come
to Kevin December 1st.
"Dude, I got 500,000 W-2.
What
Kevin Schneider: can I do?"
Some options.
So there's many.
You're not out of the, you're
not out of the game in December.
Now, going to the procrastination,
it's gonna be a rush, and it's
gonna be a little stressful.
We gotta educate and get you
deployed out into these investments.
But there's leveraged investments out
there that provide trader business
losses, but also provide appreciation
on your, on your investment.
They provide cash flow.
But you could put $50,000 down and
get $250,000 of a tax deduction.
Legally.
Legally.
And Mike and I do these
strategies ourselves.
Yes.
So Mike and I, we practice what we preach.
Like this year, we're targeting an actual
commercial property as our tax plan.
We're diversifying.
We have oil.
We got real estate.
We are doing everything we talk about,
and we're utilizing these investments
are all saving our taxes, our CPA income.
So there's so many ways to do it.
Um, but that is a good
diversification strategy.
But, um, if you came to me in December
with a $500,000 W-2, I could probably
Mike Pine: save 70, 80 grand in
Kevin Schneider: taxes.
But you only have a few
options at that point.
At-- You only have, you c- you
have probably three options that
we can deploy to tackle large
active income with a minimum
Mike Pine: investment of probably 50,000.
Yep.
Would
be kind of where
you'd be.
But they come to you in June 1st.
There's
Kevin Schneider: Oh, yeah.
So many more options.
Dude, just for, just think about this.
So let's say you're a W-2 earner,
you're married, and you got three
kids, and your wife's stay-at-home.
Your wife does not have a
quote-unquote trader business
job where she's
getting
Mike Pine: paid.
Now she's
Kevin Schneider: working.
Oh,
she's working-
But- ... harder than we are.
Yeah ... but there's ways to utilize her
Mike Pine: to
offset the other
earner's W-2.
Actually, if, if the three kids
are three girls, I don't know if
she's working as hard as my wife
Kevin Schneider:
boys ... with the three boys.
Yeah, true.
So.
You need to bonus her out.
But we could utilize, if, if this
was part of our tax plan, we could
utilize your wife's Non-employee
status to develop a tax plan- Mm.
-revolved around that, and maybe
we can get her qualified for some
tax breaks, significant tax breaks.
And because y'all file jointly on the
same tax return, if your wife is able to
bring to the table a bunch of tax breaks
because she's staying at home, and we
can get her over some hurdles on some
tax planning, they offset your income
'cause you're filing joint, those two net.
Mike Pine: We can get her a
bunch of active losses that
offset your active income.
I have a great story that I love
telling, um, and I don't care if
you've heard it 100 times, Kevin.
Okay.
Just stop interrupting, please.
Kevin Schneider: You're a jerk.
Mike Pine: Anyhow.
Go on.
Uh, physician, n-new physician, had just
gotten out of his residency, was starting
to make money, and he realized how much
tax he was paying, and it was a lot.
Um, he thought, "Wait a second,
I'm finally making good money."
And he's realizing he,
he's not getting anywhere.
He's running on the treadmill.
He has a wife, three kids.
She was working hard, um,
but she's not working.
She's, she's working hard with the kids.
She doesn't have a job.
You know that, I think that is sexist.
Yeah, I should change that
part in the code, but this is
the code we have to work with.
So she doesn't have a job.
He'd already wanted to
invest in real estate and had
actually, long-term rentals.
He got a couple duplexes.
But he couldn't take depreciation
off his active income because
as Kevin's 101 explained, that
real estate was passive to him.
The only way that real estate could
become active is if he or his wife
were a real estate professional.
So we talked to his wife,
and at first she said no.
She's like, "I'm busy enough."
But he was able to convince her,
"Why don't you study and get your
realtor exam, uh, and license?
Worse comes to worse, we can at
least save some on commissions when
we buy our next rental property.
Um, but you might like it."
So she does, gets 350, 400 hours that
year just studying for, taking the
classes, sitting for the exam, 400 hours.
She needs 350 more to become
a real estate professional.
Well, she was already managing
those duplexes that he had.
Um, she was already doing that because
he was at the hospital all the dang time.
There was another like almost
200 hours of stuff she was doing,
especially when she had to turn
them around after a person left.
So boom, she was at now
350, 450, 550 hours.
Um, she only needed 200 more hours.
So she was talking to her friend up
the street at their club, and the
friend said, "Hey, I, I love realty.
I don't do it a lot, but, you
know, I have this realty practice.
It's fun.
Um, you get to look at houses,
show houses, and occasionally you
make s- a big piece of money."
So she said, "I'll try that, but I'm just
gonna do it with my cl- close friends and
family So she got the realtor license.
She meet-- she starts working
with a realtor friend.
She spends another three hundred
hours that year showing houses.
She had, like, three sales.
Made a hundred grand.
Husband said, "Wow, that's great money."
I interfered and said,
"No, that's her money.
She earned it."
Kevin Schneider: her bonus, sorry.
Mike Pine: That's her bonus.
Sorry.
That's her bonus.
But when she did that, they
became real estate professionals.
They had all this real estate already.
They hadn't bought any new property.
We did cost segs, and suddenly
zero tax on her $100,000 zero tax
on his 500,000 that year.
Kevin Schneider: It was awesome.
So when you combine the tax
savings, she got $100,000 of
commission plus probably 150 in
Mike Pine: tax saved.
So she made $250,000 for her family.
Yeah, it was more like a
hundred and eighty thousand.
Yeah.
Yeah.
So she made two hundred and eighty
Kevin Schneider: money for her family by
just- Huge ... taking what they already
had, revamping the facts a little bit,
being intentional- Mm-hmm ... not waiting
till December, not procrastinating,
tackling it, and enacting a tax plan
worth over $200,000 Yes.
That was awesome.
That changed and-
Mike Pine: you know what they're doing?
Kevin Schneider: Would
I would, work 800 hours a year.
To make 280,000?
Yes.
Who wouldn't?
So
Mike Pine: there's so many ways,
you know- My, my sons wouldn't.
Kevin Schneider: would.
They...
Well, you might need to make them.
I'm working on it.
So there are so many ways if you're a
W2 employee, if, if we didn't get into
every example here, there's leveraged
things, there's charitable ways, there's
real estate, there's oil and gas.
There are so many ways to tackle
your W2 problem, and it's just can't
be squeezed in a 25-minute episode.
So please go to revotaxpayer.com,
click Schedule a Consultation.
Talk to our team.
Let's just see where you're at.
Where have you tax planned in the past?
And if you haven't, it's okay.
We're changing now.
We're moving forward.
Get educated on what items are out
there because people are utilizing
the tax code for their benefit.
Don't be left behind.
So go to revotaxpayer.com
and join us next week on
the Hidden Money Podcast.
So please like, comment, subscribe,
share this with a friend.
You got a buddy making a high W2?
Send this to him.
We'll help him out too.
So thanks, and we'll see you next week.