Debunking the Myth of Tax Write-Offs, You'll Go Broke Buying the Wrong Things For Your Business

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Mail:
Anton Daniels
P.O. Box 27
Union Lake, MI 48387

#quityourjob #taxes #broke

[chrisrodney]

THIS is the content I subscribe for and why I became a bag chaser. Thank you.

I already knew this information, but there are so many people doing this wrong, you explained this so well.

[yenjaminbanneker]

As somebody that is qualified to give financial advice (although what I’m saying here does not constitute financial advice), the purpose of tax avoidance is to maximize the amount of discretionary funds that you have. Investing in or purchasing things that incur a hire cost than the actual tax decrease it affords you is actually a net negative for your bottom line

[TheFaucetOfLife]

Also a lot of tax write offs logically can only be taken once and tax laws changes therefore after a few years you may not have the luxury of taking that write offs anymore because it’s no longer available and you’re now stuck with what you initially thought would benefit you from a tax write off perspective. I’m binge watching (loving these videos)

[Bporte]

I see the title and know so much game will be had BUT its going to go over a lot of heads...

[lav]

I'm shocked this video is not repeated by others as well. I keep trying to tell people but they don't understand the numbers.

[Bporte]

Anton you gave just enough for those who know...know EXACTLY what you mean. A good followup would be financing those larger expenditures within your busines ie buying cash vs the alternatives....but that might just be too much free game.

[tlewis]

I do 500k year about my taxes I round it out to 35 percent, the federal business taxes is about 21% state and local taxes are about 8.7% in Maryland, before deduction I owe about 150k, I put money for myself and wife in separate IRA account, plus one vehicle.

[alake]

Facts. My accountant told me this in our last meeting.

[tlewis]

It got to make sense, if you going to do it.

[keithmitchell]

Mr.Daniels produced another Great video content always on point !!!! 👊🏿

[jajajaja]

If I buy new trucks 80% to 100% a write off . Theses trucks can cash flow pay for itself in a yr it depends on how much profits u gross . There's two different ways to almost pay no taxes

[scottkeita]

I have joined the bag chasers if this is the gold people get there

[tlewis]

It is all about how much money keep, you don't want to give away hard own money, just to deduct it later. I like to invest that money, I own a cyber security Technology Company.

[tripac]

He has no clue what he's talking about. I wouldn't pay you to be dog catcher.

[sergioval]

These are literally shark tank talking points….lol