#317: Mark Perlberg - The Millionaire's Tax Playbook: Strategies You're Missing
Are you leaving money on the table by not optimizing your tax strategy?
In this episode of the Wealthy Wellthy podcast, Krisstina Wise sits down with Mark Perlberg, a CPA and tax strategist specializing in helping entrepreneurs and high-income earners minimize their tax burden. Mark shares his journey from social studies teacher to passionate tax planner, revealing how he discovered the immense potential of strategic tax planning for wealth creation.
The main focus of this conversation is the often-overlooked importance of proactive tax planning for entrepreneurs and high-income earners. Mark emphasizes that investing in proper tax strategy can yield returns far greater than traditional investments, potentially saving clients millions of dollars over their lifetime.
Throughout the episode, Krisstina and Mark discuss various tax-saving strategies, including hiring family members, utilizing the Augusta rule, and leveraging real estate investments for tax advantages. They also explore options for W-2 employees to reduce their tax burden and the mindset shift required to view taxes as part of a holistic wealth-building strategy.
Ready to transform your approach to taxes and potentially save six or seven figures? Listen to this eye-opening episode to discover how strategic tax planning could revolutionize your financial future.
Upcoming Workshop
Save the date! Krisstina’s Wealth Mastery Challenge is coming April 15th. Full details and registration link will drop in the next Wealthy Wellthy Podcast episode—don’t miss it!
Key Takeaways
2:07 Why tax planning is often overlooked
6:19 Mark's journey into tax planning and CPA work
13:26 Investing in strategic tax partnerships
18:41 Explaining the Augusta rule for tax savings
25:09 Gifting strategies for tax and estate planning
31:21 Holistic approach to tax planning and wealth building
38:21 Benefits of real estate investing for taxes
40:05 Final thoughts on the importance of tax planning
Memorable Quotes
"When you invest into tax planning and initiatives in some of these opportunities, you could essentially double your money year after year after year. You're going to see a far greater compounding of your wealth through tax planning."
"The government wants you to invest into vehicles that give charitable deductions. They want you to invest into energy related items. They want you to do things that are going to enhance and provide real estate to the general public."
"I don't think I've ever found an industry or way of making money that is more tax advantaged than real estate because of what you can do with cost segregation, which allows you to front load your depreciation and bonus depreciation."
Resources Mentioned
American Institute of Certified Tax Planners - https://certifiedtaxcoach.org/
Connect with Krisstina
Website - https://wealthywellthy.life/
Instagram - https://www.instagram.com/krisstinawise
YouTube - https://www.youtube.com/@krisstinawise
Krisstina's Book, Falling For Money - https://www.amazon.com/dp/0692560904/
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