Trump Says He’s OK With Taxing the Rich — Here’s What High Earners Can Do About It

Big news: Donald Trump recently said he’s “OK” with raising taxes on the rich.

If you’re a high earner—making $400K or more—this could affect you no matter who wins the next election. Both parties are signaling tax hikes for the wealthy. The question is: What can you do now to prepare?

Let’s break it down simply.

What Did Trump Actually Say?

In a May 2024 CNBC interview, Trump said he’s open to tax changes for “big earners”—especially hedge fund managers and wealthy investors. It’s a surprising shift from his 2017 tax cuts. He didn’t lay out details, but he made it clear:

“I think we can talk about some changes.”

Translation: If you’re in a high-income bracket, expect more taxes ahead—especially on investment income and business profits.

Who Could Be Affected?

• W-2 earners making $400K+
• Entrepreneurs and business owners
• Tech professionals with equity and RSUs
• Investors with large gains
• Doctors, lawyers, consultants, and finance pros
  

If that’s you, you’re likely already losing out on deductions—and it could get worse.

Why Taxes Hit High Earners the Hardest

Here’s the problem:

When you make more, you don’t just pay higher taxes—you lose access to deductions too.

• SALT deduction capped at $10K
• Limited write-offs for business or passive losses
• AMT and Net Investment Income Tax (NIIT) kick in
• Bonus income and RSUs taxed at top brackets
  

If you’re working hard and earning well, the system is designed to tax more and give less back. But there’s a strategy that helps…

The Solution: Direct Oil & Gas Investments

Did you know?

Investing directly in U.S. oil and gas projects can lower your taxes—legally and significantly.

Here’s how it works:

✅ Upfront Tax Deductions

When you invest, you can deduct up to 85–90% of your investment in year one through something called Intangible Drilling Costs (IDCs).

✅ Monthly Passive Income

If the well produces, you earn regular cash flow—often monthly. And the income comes with more deductions and tax benefits.

✅ Offsets W-2 Income

Unlike most investments, oil & gas can be structured to offset active income like your salary, if you’re an active participant in the deal.

Real Example

Let’s say you earn $600,000 and invest $100,000 in a Fieldvest-vetted oil project:

• You deduct $85,000 this year.
• You save about $35,000+ in taxes.
• Your actual out-of-pocket cost is closer to $65K.
• You still own the asset and get potential cash flow.
  

That’s a win before the well even produces.

Why the IRS Allows This

These tax benefits are written into law. The U.S. wants to encourage domestic energy production, so the tax code rewards private investors who help.

This is why oil & gas investments have been a go-to move for:

• High-income professionals
• Family offices
• Private equity
• Wealthy politicians (yes, really)
  

It’s 100% legal, CPA-approved, and backed by IRS tax code.

Final Thoughts

If you make good money, you already know how painful taxes can be.

With tax hikes likely on the horizon for high earners, now is the time to explore smarter strategies—not wait for the bill.

At Fieldvest, we connect accredited investors to real U.S. energy projects with real tax benefits.

→ Want to offset your 2025 tax bill?

Join Fieldvest and we’ll show you vetted oil & gas opportunities that can help you save big—while investing in something real.