MARK KOHLERMain Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, LLC · Owner at Main Street Professionals, LLC

Give Your Kids Money Through the Business & Save on Taxes

25 Nov 2025 · 1 min

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In this brief monologue, Mark Kohler advises parents to employ their children in a family‑run business and pay them wages up to the $14,000 annual tax‑free threshold. By doing so, parents can shift expenses for school, clothing, and housing onto the child’s earned income, eliminating the parents’ tax liability on that amount. Kohler emphasizes that this strategy is part of a broader financial‑education ecosystem he offers through a long‑running podcast and a book, positioning the advice within a "get rich slow" mindset rather than a get‑rich‑quick scheme. He encourages listeners to consume his extensive podcast library for additional wealth‑building ideas.

Chapters

Quit paying taxes and paying for your kids stuff. Pay your kids in the business, let them pay for their own stuff. You may have kids, junior high, adolescent to high school, and you start this little business. What are you spending most of your money on? Helping them get through school and school clothes and all the functions and the cost of housing for them. Well, if your kid is helping you in your business, you can pay them in your business to pay for those things you were going to pay for. Quit paying taxes and paying for your kids stuff. Pay your kids in the business, let them pay for their own stuff. They don't pay taxes on that first $14,000 because that's their earned income. And we teach this podcast, we teach this in the book. If you're new to our show and you're just popped onto this topic because you're looking for a Solution, we've got 500 episodes, people that unpack all these, you know, hundreds of other ideas. So start consuming a podcast that helps you make money. And this is not get rich quick, it's get rich slow. And that's the secret. So much of life's success is not chasing the silver flashy thing. It's just day in, day out, being smart, taking it slow, being careful.