Small Business Tax Tips To grow & Keep Wealth in 2025 with Mark J. Kohler

1582.804 - 1605.061 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.