Ep 264: Is your CPA only looking in the rear-view mirror?

Ep 264: Is your CPA only looking in the rear-view mirror?

From The Weekly Wealth Podcast by David Chudyk

April 17, 2026 · 25 min · Season 1 · Episode 264

About this episode

This episode discusses the difference between tax preparation and tax planning, highlighting strategies to save money on taxes.

Your CPA Is Looking in the Rearview Mirror Tax preparation records what already happened. Tax planning changes what will happen. Here's the difference — and why it might be costing you tens of thousands of dollars a year. Nobody loves taxes. But the people who hate them the most are usually the ones overpaying. This episode is about closing that gap — using the exact same strategies that high-income earners and savvy business owners have always used, most of which your tax preparer has never once brought up. 40%of U.S. households pay zero federal income tax 40.4%of all federal taxes paid by the top 1% of earners 97%of federal income taxes paid by the top 50% of earners 300K+projected CPA shortage in the U.S. over the next decade ⏱ What's covered in this episode 0:00Cold open — why everyone hates taxes (and why you're still listening) 2:30What your taxes actually pay for — and the government's "flexible" relationship with efficiency 5:00The stats: who actually pays federal income tax in America 8:00How tax brackets really work — and busting the biggest myth in personal finance 11:30Tax preparation vs. tax planning — the core difference 14:00Deductions every business owner should…

People in this episode

Host: David Chudyk

Topics covered

  • tax planning
  • tax preparation
  • high-income earners
  • tax strategies
  • federal income tax
  • business deductions

Keywords

  • CPA
  • taxes
  • deductions
  • tax brackets
  • federal income tax
  • tax planning strategies
  • high earners

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