
Taxes...the word alone can make your stomach drop. In this episode of It’s Giving Rich, Claudia and Genesis dive headfirst into one of adulthood’s most confusing (and expensive) realities. From jaw-dropping IRS bills to loopholes the wealthy quietly leverage, we’re breaking down what taxes really are, how the U.S. progressive system actually works, and why going from broke to wealthy comes with some painful (and hilarious) lessons.
We share our own sticker-shock stories (including Claudia’s $29K tax surprise and Genesis’s $30K entrepreneur bill), unpack the difference between W2s, 1099s, and LLCs, and expose how the wealthy use strategies like depreciation, charitable giving, and even tractors to reduce their taxable income.
If you’ve ever thought, I don’t want to make more money because I’ll just lose it to taxes, this episode is for you. We’ll show you why that mindset doesn’t add up, and how to start thinking strategically about your money so you can play the same game as the rich.
Because baby, if you’re not rich yet, you’re about to be.