2359: As A W-2 Employee, You Pay The Highest Taxes by Chris Odegard of The Prolific Investor on Tax Information

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.5 • 1.3K Ratings

🗓️ 29 June 2023

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Chris Odegard of The Prolific Investor reminds W-2 employees that they pay the highest taxes Episode 2359: As A W-2 Employee, You Pay The Highest Taxes by Chris Odegard of The Prolific Investor Chris writes an alternative investment blog called The Prolific Investor. Chris wants you to challenge conventional wisdom when it comes to investing, personal finance, and money; so you can make work a choice instead of a necessity. The original post is located here: https://theprolificinvestor.net/20-as-a-w-2-employee-you-pay-the-highest-taxes/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	This is Optimal Finance Daily, Episode 2359.
0:04.6	As a W2 employee, you pay the highest taxes by Chris Oedogard of the prolificinvestor.net.
0:12.3	And I'm your host and personal finance enthusiast, Diana Mariam.
0:16.3	Welcome to Optimal Finance Daily, the show where I read to you from some of the best money
0:20.9	and personal finance blogs on the web, each and every day of the week.
0:25.4	So let's hear today's post and start optimizing your life.
0:33.0	As a W2 employee, you pay the highest taxes by Chris Oedogard of the prolificinvestor.net.
0:41.2	Did you know that as a W2 employee, you pay the highest taxes, higher than businesses and
0:46.7	investors?
0:48.2	The reasons for this and the overall misunderstanding of the tax system played out in a recent
0:53.3	Facebook discussion.
0:55.3	Unbeknownst to me, a discussion was taking place on Facebook recently between some friends
0:59.6	of mine about a news article naming 91 companies that paid no federal taxes in 2018.
1:06.2	A comment by one person was that he wished he could buy legislation whereby he could
1:10.7	pay no federal taxes.
1:13.1	Another comment was that you have to have a high paid CPA in order to avoid taxes.
1:18.1	That's when one friend tagged me and asked what I thought about all this.
1:22.0	Naturally, I was very happy to jump in, as taxes, particularly the legal avoidance of
1:27.0	them, are one of my favorite subjects.
1:29.8	My comments were something along these lines.
1:32.8	Thanks for including me in this conversation.
1:35.5	Taxes are one of my favorite subjects and are very misunderstood by most people.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Optimal Living Daily LLC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Optimal Living Daily LLC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.