The $150k-$500k earners suffer the most

The middle class absolutely suffers the most when it comes to taxes because what happens is you're making too much money to qualify for certain tax breaks that the lower middle class and lower socio-economic folks qualify for, but you're not making enough money to spend enough money to offset your expenses such that you can qualify for much more tax breaks. Like, oh, you have a $2 million plus home and you spend X-Y Z renovating it and you did all these things and you have lots of other investments that you're spending 50k, 100k on per year, such that you can reduce your tax liability, like the wealthy and the pre-welfare are able to do, which puts you in the worst situation because you end up paying a ton of money in taxes when you also need a lot of that money. So yeah, the wealthy can pay a lot in taxes, but it doesn't hurt them as much because of how much money they're making. So what you need to actually start doing is you need to make sure that you have a tax mitigation plan and obviously that starts with the great account, great CFO, but also someone who can help you with tax strategy. But also you need to be focused on creating more rideoffs for yourself. So that looks like business ownership. For me, a lot of my tax rideoffs comes from my business ownership because when I have something that is a business expense, I can then use that business expense to lower my personal tax liability, but I would have spent that money anyway, right? I would have spent that money on my business office anyway. I would have spent that money on the business flight any So it's like a double whammy benefit. I am getting the benefits from my business ownership and expenses I would have spent anyway. But I am also getting to lower my tax liability. It's also another benefit of home ownership. So as you guys know I have an investment property because I also get to lower my taxes because of that investment property. So if you are in this bracket, you need to make sure that you have a solid tax strategy. So you aren't giving away tons of your money in taxes. And this is so important if you were on the wellness journey. Let me know down below if you have any questions or if you want to learn more about different things that you can use to help build generational wealth, lower your tax liability, and so much more. Share this with someone who you think will find it helpful.