BobKamman
Level 15
10-09-2023
06:05 PM
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If there were a magic bullet that would let high-income W-2 employees reduce their taxes, there wouldn't be enough revenue left over to allow Congress to provide loopholes for the big corporations that fund their campaigns. To the contrary, there are fewer methods available to high earners -- it doesn't do them any good to buy a rental property with a $25,000 paper loss from depreciation.