My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Back to Beliefs
The US tax system intentionally favors business owners and real estate investors
Evidence
Significantly more deduction categories, depreciation benefits, and exemptions available to business income vs W2 income
Implication
Anyone optimizing for wealth should seriously consider business ownership over employment
Counter Belief
W2 employment provides stability and benefits that offset tax disadvantages
Example Application
Software engineer evaluating whether to become independent contractor to access business tax deductions