This is true. But I’d have to give up my medical career to take advantage of the tax break. Not ready for that yet!
https://x.com/AdamSimecka/status/1805999499434725711
I confirmed with my tax team that this is true.
Won't help because you mention being a high income earner in your example but there is likely a way to setup a business trust to earn the income and another trust to hold and dispense the wealth with considerably favorable taxes.
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