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I have a financial dilemma and I hope you can provide some direction on it.

So my wife and I both 38 years old, they're blessed. We make, in the last four years, every year, we made around $1.1 million with our W-2 and investment income.

Now, since last four to five years, we are paying approximately $300,000 to IRS in taxes.

So this year, I decided to consult with one of those tax advisory firms,

and they recommended, hey, we can add you in some kind of a business program

where you can take a debt of $550,000 and call it $85,000 as an initial investment.

And then rest of that, you can put that in tax write-off.

And then you can claim, you can deduct that from your overall tax payment from it.

So I wasn't sure it's a good idea to take a debt to save taxes.

So I thought I should ask you.

Okay.

The only write-off is the interest on the debt, correct?

Well, yeah, that's pretty much they were saying.

Well, they were saying that if I'm taking a $550,000 worth of debt to invest in a business,

I can use the $450,000 worth of money as a deduction, as an investment in the company, as

for a new Trump bill.

Okay.

Do you own a business?

No, I don't, but they're saying they can add me as an investor.

I have no idea what that business is as well.

So that's what I was like, you know, I don't want you about the business going to be,

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