The 93% Trap: Break Free and Stop Overpaying the IRS episode artwork

EPISODE · Jul 8, 2025 · 7 MIN

The 93% Trap: Break Free and Stop Overpaying the IRS

from Wisdom to Wealth · host drewstevens

Did you know 93% of small business owners overpay their taxes every single year? In this eye-opening Wisdom to Wealth episode, Dr. Drew Stevens reveals exactly why so many smart, hardworking entrepreneurs fall into the tax trap — and how you can legally break free. Most CPAs do a great job filing last year’s numbers but miss opportunities buried deep in the 75,000+ page U.S. tax code. From overlooked credits like the R&D Tax Credit and the Work Opportunity Tax Credit to underused deductions under Section 199A, money is left on the table year after year. Learn why passive owners lose an average of $11,000–$35,000 annually and how strategic, year-round tax planning turns taxes from an expense into a profit center. Drew explains how to pick the right business entity, time purchases smartly, and design tax-saving retirement plans. Stop funding the IRS more than you owe — start putting those dollars back into your business, your family, and your legacy. Tune in on Podbean, Apple Podcasts, and Spotify, and visit www.wisdomtowealth.com for details on Drew’s upcoming tax and retirement seminars. Your wisdom is your wealth — protect it today!   #TaxStrategy #SmallBusinessOwner #WisdomToWealth #KeepMoreMoney

Episode metadata supplied by the publisher feed · Published Jul 8, 2025

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The 93% Trap: Break Free and Stop Overpaying the IRS

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