How the Rich Avoid Paying Millions in Taxes: Wealth Secrets You NEED to Know w/ Karlton Dennis

TIMESTAMP: 00:00 IRS Wake Up Call 01:18 Meet Carlton Dennis 03:05 From Fitness To Taxes 05:40 Learning The Tax Plan 07:34 What A Tax Plan Is 09:38 Who The Tax Code Rewards 11:01 Capital Gains And Losses 13:12 LLC To S Corp Setup 16:07 S Corp Vs C Corp 18:14 Retirement And Key Dates 21:48 Roth And Kids Payroll 23:14 HSA And Car Write Offs 25:44 Cost Seg And Short Term Rentals 29:17 Augusta Rule Explained 30:39 Audit Triggers And Omissions 31:07 Audit Red Flags 32:33 SALT Deduction Update 34:12 Child Credits and Accounts 36:58 Earners vs Owners 38:18 Entity Structure Basics 40:29 Delaware vs Wyoming 42:21 California Billionaire Exodus 44:09 LLCs for Liability 45:27 Unrealized Gains Debate 46:41 YouTube Growth Story 49:05 Top LLC Write Offs 50:21 Charity Foundation Strategy 54:16 Income Shifting with C Corps 56:49 Firm Model and Training 01:02:50 Movie Tax Write Offs 01:04:14 Timing Asset Purchases 01:04:54 Final Takeaways In this episode of Earn Your Leisure, tax strategist Karlton Dennis breaks down the wealth-building tax strategies that business owners, investors, and high-income earners use to legally reduce their tax burden and keep more of their money. Karlton explains everything from capital gains taxes, LLC structures, Delaware vs.

Wyoming incorporations, cash balance plans, HSAs, cost segregation studies, rental property tax strategies, the Augusta Rule, vehicle write-offs, SALT deductions, child tax credits, retirement planning, and the most common mistakes that trigger IRS audits. He also reveals why understanding the tax code is one of the most important skills for building and preserving wealth.

Whether you’re an entrepreneur, investor, real estate owner, or simply looking to become more financially intelligent, this conversation is packed with actionable insights that could save you thousands—or even hundreds of thousands—of dollars. Don’t miss this masterclass with Karlton Dennis on how the wealthy use the tax code to their advantage. #EarnYourLeisure #KarltonDennis #Taxes #TaxStrategy #WealthBuilding #BusinessOwners #Entrepreneurship #RealEstateInvesting #Investing #FinancialLiteracy #TaxPlanning #LLC #CapitalGains #IRS #PersonalFinance #WealthCreation #MoneyManagement #SmallBusiness #TaxSavings #FinancialFreedom Subscribe and watch more videos here: Join the EYL community for deeper training and a more detailed approach: Join the number one stock club in the world: Invest Fest | August 7-9, 2026 Grab early bird tickets now: See for privacy information.