Just how much are W-2 employees being taxed compared to business owners? And what are some things that W-2 people aren't able to capture that business owners or people that have businesses on the side of their W-2 are able to capture.

So if you're a W-2 employee, that means you're making a wage.

And then your employer is withholding a certain amount of money from your wages to pay for the following.

Federal taxes, state taxes, Social Security, Medicare, your retirement program, your uniform expenses, things like that.

All those things that you see listed out on the W-2.

The biggest thing is that they take money out and give it to Uncle Sam every month on your behalf.

And then when you go to file your taxes, you take your W-2 and if you're married, you file married jointly.

What would be a great strategy to set yourself up to where you could pay as close to zero dollars as humanly possible?

Just how much are W-2 employees being taxed compared to business owners? And what are some things that W-2 people aren't able to capture that business owners or people that have businesses on the side of their W-2 are able to capture.

So if you're a W-2 employee, that means you're making a wage and then your employer is withholding a certain amount of money from your wages to pay for the following.

Federal taxes, state taxes, Social Security, Medicare, your retirement program, your uniform expenses, things like that.

All those things that you see listed out on the W-2.

The biggest thing is that they take money out and give it to Uncle Sam every month on your behalf.

And then when you go to file your taxes, you take your W-2 and if you're married, you file married jointly.

If you got young ones, you list them on there too.

What would be a great strategy to set yourself up to where you could pay as close to $0 as humanly possible? The...

Just how much are W-2 employees being taxed compared to business owners? And what are some things that W2 people aren't able to capture that business owners or people that have businesses on the side of their W2 are able to capture.

So if you're a W-2 employee, that means you're making a wage.

And then your employer is withholding a certain amount of money from your wages to pay for the following.

Federal taxes, state taxes, Social Security, Medicare, your retirement program, your uniform expenses, things like that.

All those things that you see listed out on the W-2.

The biggest thing is that they take money out and give it to Uncle Sam every month on your behalf.

And then when you go to file your taxes, you take your W-2 and if you're married, you file married jointly.

What would be a great strategy to set yourself up to where you could pay as close to zero dollars as humanly possible?

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So the 750 hour rule is that is the IRS's designation of whether or not they consider you a real estate professional without licensing.

So if you can show through use of calendar, email correspondence, things of that nature, phone call logs, whatever you may have.

that you have put in 750 hours, which comes out to be about 14.5 hours a week in management, scheduling, conflict resolution for your rental properties, then the IRS can consider you to be a real estate professional.

That immediately moves you out of the non-passive or passive into non-passive.

So that means it goes from being a loss.

If you have a loss that you then have to carry to the next year, well, now it becomes a loss that you can immediately use.

I think I stole all of his