Thinking strategically about taxes can supercharge your business growth! 💸🚀

In this episode, I share 5 key mindset shifts:

1️⃣ Always think in after-tax dollars. A $50k car isn't really $50k if your tax rate is 30% - it's more like $70k.

2️⃣ Know your effective vs. marginal rates. Incremental dollars are taxed at your highest rate, so use that for decision-making.

3️⃣ The more you make, the more sense it makes to invest. Uncle Sam is essentially subsidizing your business expenses!

4️⃣ Consider work/life tradeoffs. At a 50% tax rate, an hour of leisure is "cheaper" than an hour of work from an opportunity cost perspective.

5️⃣ Minimize your tax bill, but don't let it steal your joy. If you're writing big checks to the IRS, it means you're doing something right!

Listen now for the full scoop on how to make taxes work for you, not against you.

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#ecfpodcast #ecommercefuel #taxes

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