Investsmiths Podcast

Why Should You Start A Business In 2023


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So right now in America, there are two types of Taxes in the country

One is for the employees

One is for the small business owners (home-based)

For employees, it will allow you to take deductions from engines like your 401(k), IRA’s property taxes for your home and even charities

For small business owners, whether you run your business full time or part time, you are able to take off the same deductions as if you were an employee but ALSO you're able to deduct your house, your vacations, your car, food, and even your spouse in some cases- 

Never thought  would see  the day to actually writer off a spouse but here we are lol

Being a business owner also allows you to set up a pension plan that will outbeat any government plan.


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Investsmiths PodcastBy Justin Smith