EPISODE · Jun 20, 2023 · 7 MIN
The Government Wants You To Reduce Your Taxes
from Wade Borth - Sage Wealth Strategy · host Wade Borth
With recent changes to tax laws, many Americans found themselves with much smaller tax refunds than they anticipated. Most chalk it up to the belief, "that's just the way government and taxes work," others are more upset. Believing the government is out to rob you of your hard-earned money is a limiting mindset. In reality, the government wants you to reduce your taxes. Reducing your taxes may sound complicated but it doesn't have to be. The key is to understand how you can take advantage of the legal options available to you. Schedule a call with us to help develop a strategy that aligns with your goals and values Episode Highlights 00:17 The government wants you to reduce your taxes as a way to influence behavior 01:24 The majority of the tax code is designed to save you money through deductions and other means 02:16 How the tax code is used to incentivize behavior, such as investing in housing, to benefit society. 03:40 Charitable donations and using them as deductions, government encouragement 04:50 Using properly structured whole life insurance as a tax-advantaged strategy. Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ [email protected]
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