• The Tax Trap That Steals Wealth From High-Earning Physicians (And How to Escape It)

  • Feb 11 2025
  • Length: 13 mins
  • Podcast

The Tax Trap That Steals Wealth From High-Earning Physicians (And How to Escape It)

  • Summary

  • What if you could increase your income, build wealth, and reduce your tax burden—all without giving up your career as a physician? My guests today, Brandon Hall and Thomas Castelli, will show you how to achieve this and more!

    Brandon and Thomas are CPAs and experts in tax efficiency. We explore common mistakes doctors make when it comes to money management, why real estate is a powerful vehicle for tax-efficient income, how different income tax classifications impact your wealth strategy, and the key distinctions between W-2, 1099, and K-1 income structures.


    Tune in now and learn how to keep more of what you earn while making smart financial moves.



    The main challenge for high-income earners is how to increase total income without increasing total tax.” 〜 Brandon Hall




    In This Episode:

    - Maximizing income and minimizing taxes

    - Common financial mistakes of physicians

    - The real estate market as a wealth-building tool

    - Tax strategies for physicians to protect their income

    - Active vs. passive income definitions in K-1


    Resources:

    ➡️ Free community of high-performing physicians: the Physician Wealth Accelerator - https://limitless-md.mn.co/

    ➡️ Check out my programs - https://vikramraya.com/coaching-tab-revamp/

    ➡️ Apply to become a Limitless MD - www.I8mastermind.com




    Connect with Brandon Hall:

    🌐 Website: https://www.therealestatecpa.com/

    🔗 LinkedIn: https://www.linkedin.com/in/brandonhallcpa

    🎞 YouTube: https://www.youtube.com/channel/UCb7zrNKp8nons_t-NjXMglg




    Connect with Thomas Castelli:

    🌐 Website: https://thomascastelli.com/

    🔗 LinkedIn: https://www.linkedin.com/in/thomascastelli/

    📸 Instagram: https://www.instagram.com/thomascastellicpa

    🎞 YouTube: https://www.youtube.com/channel/UC7r_GidIaOKmpAWdvraMOeg



    Connect with Vikram Raya:

    🌐 Website: https://vikramraya.com/

    📸 Instagram: https://www.instagram.com/vikramraya/

    👤 Facebook: https://www.facebook.com/Vikramrayamd/

    🔗 LinkedIn: https://www.linkedin.com/in/vikramraya/

    🎞 YouTube:

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