I have a high income job (close to 40m) and my understanding is that there are limited tax optimization strategies working for a company. I do not want to switch to a contractor in this scenario.
I do have two side hustles related to e-commerce that make less than 10man each month. I wish to grow these into self sustainable businesses in the future so I can eventually coastfire.
Is there any way I could reduce my employment income taxes through expenses in those side hustles?
I’ve read about rental properties and am considering that too. But it is a whole new space that I would need time to dive into so prefer to work with what I have.
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