How Kim Kardashian Legally Made Her Kids Millionaires (And How You Can Too). This strategy? 🔥 Straight A+ in my book — and I teach it every year to business owners who want to build real generational wealth. It’s called Income Shifting — and it’s one of the smartest legal tax plays on the board. Here’s the idea: 👉 Take income that would be taxed at your rate. 👉 Shift it to someone you’re already financially supporting — like your child. 👉 And do it the right way, so it’s legal, ethical, and wealth-generating. How? If you own a business: Hire your child to do legitimate, age-appropriate work. Follow state and federal wage rules. Pay them a reasonable salary. Now here’s where it gets good: 💼 The business gets a deduction. 🧾 The child receives income — tax-free, up to the standard deduction ($15,000 in 2025). 📈 That income can fund a Custodial Roth IRA. 💥 Which means tax-free growth… for decades. That’s how you turn a $7K/year contribution into ...