If you're getting pitched, any of these five strategies, get a second opinion from someone that's not selling you the strategy.

We're talking typically thousands of dollars with any one of these strategies, spend three to five hundred bucks to get an independent advisor to just say, here's what I think.

Here's how state income tax works. You get taxed based on the state income tax where you reside and where you earn income.

The state income tax you pay has nothing to do where you set up an entity.

You have a C-Corp. You will pay more tax as a small business owner due to double tax. And I know you want to say, but my individual rates are higher. And if I have a S-Corp is going to flow through a higher individual rate, yes. But to get the money out of your C-Corp, you're going to pay a lower rate of 21%.

Then you're going to pay a lower

rate of 21%. Then you're going to pay your income personal tax. Welcome everyone to the Main Street

Business podcast with Matt Sornson and Mark Kohler. We are so excited to be with you today. But we're

here to debunk. You're here to warn, to protect, to serve. There's a public service announcement

today because someone's got to do it. Yes. And there are so much crap out there in the influencer space. We'll call it that. Maybe some might say on TikTok, not that TikTok's bad. There's some fun things there, of course, and some good content to begin with. But there's a lot of promotion out there that's not accurate. Yeah, and we're not going to be talking about the dumb dance moves you should or shouldn't do on TikTok, but we're talking about tax strategies. There's a bunch of people out there pretending to be tax experts trying to tell you what to do with your money. And you know what? If you jack it up, they're not going to jail or prison. You are. Just ask the Wesley Snipes. Hey, the guy did time. He did real time for following some bozos tax advice.

And I'm worried it's going to happen to some of you. You are. Just ask the Wesley Snipes. Hey, the guy did time. He did real time for falling some

bozos tax advice. And I'm worried it's going to happen to some of you following these stupid

tax strategies or even, let's say that's not even you. It's not about jail or prison. But you know

what? Some of these tax strategies, you're going to pay more tax than you should. Yeah, penalties,

interest, audit is no fun. And why are these influencers

or people that don't have tax expertise talking about this? Because they have nothing else to talk

about. And they're trying, but I say it better than the accountants out there. Whatever. Okay,

so today, here's what we're doing. We're going to share five, did we say scams, viral tax strategies that don't work for most people.

Now, that's the problem here.

Some of these strategies, all of the strategies, work in some instances incredibly well.

But they don't work for the masses by any means.

So we're going to give you what to look out for, and I'm going to say right now, the biggest

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