If you’re a high earner in the U.S., your single biggest expense is taxes—often taking **35% + of

Summary

Michael Chang shares how high-income earners can reduce their tax burden by utilizing the Short-Term Rental (STR) tax loophole. He explains the requirements to qualify, focusing on the '7-Day Rule' and 'Material Participation' through the 100-hour and 500-hour tests, allowing STR owners to use paper losses to offset active income.