Mark J. Kohler

Think about this. Your kids don't pay taxes this year on the first $14,000 and change, $15,000 and change. The numbers just changed for inflation. So your kids could earn $14,000 a year at working at McDonald's and pay zero tax. No one in America pays tax on their first standard deduction of around $14,000, let's say. So you've got four kids that could work anywhere and earn $14,000.

Think about this. Your kids don't pay taxes this year on the first $14,000 and change, $15,000 and change. The numbers just changed for inflation. So your kids could earn $14,000 a year at working at McDonald's and pay zero tax. No one in America pays tax on their first standard deduction of around $14,000, let's say. So you've got four kids that could work anywhere and earn $14,000.

Why aren't they working for you? You can pay your children under age 18. You don't have to give them a W-2. There's no FICA. There's no FUTA. There's no workers' comp. And it's outside labor and the right line item. I teach all that. We talk about it on our shows. It's in my books, blah, blah, blah.

Why aren't they working for you? You can pay your children under age 18. You don't have to give them a W-2. There's no FICA. There's no FUTA. There's no workers' comp. And it's outside labor and the right line item. I teach all that. We talk about it on our shows. It's in my books, blah, blah, blah.

Why aren't they working for you? You can pay your children under age 18. You don't have to give them a W-2. There's no FICA. There's no FUTA. There's no workers' comp. And it's outside labor and the right line item. I teach all that. We talk about it on our shows. It's in my books, blah, blah, blah.

But your four kids, depending on their age and what they're doing in the business, let's say we're paying them $5,000 to $10,000. Four kids average of seven. Four times seven, we're at 28 grand. We just got a $28,000 tax write-off. So you're gonna be paying for school lunch, school clothes, soccer, football, all that. You're not paying for it anymore, Ryan. They pay for it.

But your four kids, depending on their age and what they're doing in the business, let's say we're paying them $5,000 to $10,000. Four kids average of seven. Four times seven, we're at 28 grand. We just got a $28,000 tax write-off. So you're gonna be paying for school lunch, school clothes, soccer, football, all that. You're not paying for it anymore, Ryan. They pay for it.

But your four kids, depending on their age and what they're doing in the business, let's say we're paying them $5,000 to $10,000. Four kids average of seven. Four times seven, we're at 28 grand. We just got a $28,000 tax write-off. So you're gonna be paying for school lunch, school clothes, soccer, football, all that. You're not paying for it anymore, Ryan. They pay for it.

You're transferring money from your company into their bank account and they pay for school lunch and sports. Now you just got a tax write-off for that. And you can even double down and form an IRA for each one of them. So now each of them have a Roth IRA of seven grand a pop, if you want. And now that can come out for college tax-free. So I've got my Roth IRA going. My kids are on the payroll.

You're transferring money from your company into their bank account and they pay for school lunch and sports. Now you just got a tax write-off for that. And you can even double down and form an IRA for each one of them. So now each of them have a Roth IRA of seven grand a pop, if you want. And now that can come out for college tax-free. So I've got my Roth IRA going. My kids are on the payroll.

You're transferring money from your company into their bank account and they pay for school lunch and sports. Now you just got a tax write-off for that. And you can even double down and form an IRA for each one of them. So now each of them have a Roth IRA of seven grand a pop, if you want. And now that can come out for college tax-free. So I've got my Roth IRA going. My kids are on the payroll.

We're having board meetings as a family and I'm taking my four kids out and I'm teaching them about business. They're selling books at my table. They're at the event checking people in. They're ushering people at the event. My kids learn that my life is business and my passion is going to be their passion if they want it to be. That's how succession happens.

We're having board meetings as a family and I'm taking my four kids out and I'm teaching them about business. They're selling books at my table. They're at the event checking people in. They're ushering people at the event. My kids learn that my life is business and my passion is going to be their passion if they want it to be. That's how succession happens.

We're having board meetings as a family and I'm taking my four kids out and I'm teaching them about business. They're selling books at my table. They're at the event checking people in. They're ushering people at the event. My kids learn that my life is business and my passion is going to be their passion if they want it to be. That's how succession happens.

So many business owners think they're just going to plop a business on their kids when they're 28 years old and they're going to get it. They're not. They're not.

So many business owners think they're just going to plop a business on their kids when they're 28 years old and they're going to get it. They're not. They're not.

So many business owners think they're just going to plop a business on their kids when they're 28 years old and they're going to get it. They're not. They're not.

And so you've got this incredible tax deduction right now while your kids are under age 18, the board meeting for better asset protection, more tax write-offs, you're building wealth in their IRAs for them in college, and you're teaching them about your business. There's so many birds you're knocking out with one stone, I can't even count them all.

And so you've got this incredible tax deduction right now while your kids are under age 18, the board meeting for better asset protection, more tax write-offs, you're building wealth in their IRAs for them in college, and you're teaching them about your business. There's so many birds you're knocking out with one stone, I can't even count them all.

And so you've got this incredible tax deduction right now while your kids are under age 18, the board meeting for better asset protection, more tax write-offs, you're building wealth in their IRAs for them in college, and you're teaching them about your business. There's so many birds you're knocking out with one stone, I can't even count them all.