you have questions. America's number one business coach has answers. It's your

Brota from Minnesota. Here's another edition of Ask Clay Anything on the

Thrive Time Business Coach radio show.

Yes, yes, yes, and yes, Thrive Nation. Welcome back to another exciting edition of

The Thrive Time Show on your radio and podcast download. And on today's show, we're

answering the question that was emailed into us from a driver who is a builder.

That is right. We have a driver who emailed us this question to info at thrivetimeshow.com.

And the question reads right now, we're sitting on about $160,000 in cash with

about $300,000 additional dollars coming in in the form of receivables. What is the

best way to get the end of the year money, but not have to give it all away to the

government in taxes? Again, right now, we're sitting on about $160,000 in cash and we're

about ready to receive $300,000 in receivables. What's the best way to get the end of the

year money, but not have to give it all away to the government in taxes? Well, that my

friend is a great question. And hopefully I can provide you here with a great answer. So rule

number one, if you're taking notes at home here, do not get too clever with your tax

write offs. Again, I repeat, do not get too clever about the taxes you owe. I see so many

people that are getting very clever with their taxes. You know, they go to one at CPA and

he tells them, hey, look, based upon your tax bracket that you're in, you now are going

to owe about half of what you just made in taxes, about half of your income needs to be

paid out in taxes because you're now into the highest tax bracket. And just to provide

some detail there, as an example, if you lived in the great state of California, you would

pay 13.3% taxes on a state level on your income, 13.3%. And then you'd also pay the federal

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