How High Earners Pay Less in Taxes Using Oil & Gas

Most high earners overpay taxes. Here’s how they fix it. High-income earners are often told there’s nothing they can do to meaningfully reduce their tax bill. That’s not entirely true. In this episode, Elliot sits down with Steve Blackwell, CEO of Invito Energy Partners, to break down how oil & gas investments are used as a tax strategy to offset ordinary income. They explain how intangible drilling costs (IDC) and bonus depreciation work, why these deductions have existed in the tax code for over 100 years, and how they can be used alongside strategies like Roth conversions. They also explain why many investors lose money in oil & gas — and how to avoid those mistakes. If you’re a high earner looking for ways to reduce taxes or better understand advanced tax strategies, this is a complete breakdown. If you'd like a personalized retirement analysis, reach out to our team. Link to the OWLFI website with our contact info: https://www.owlfi.com/contact