7 Tax Loopholes Only Rich People Understand

*Jaspreet Singh is a paid partner with The CommonWealth Group and a client.

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DISCLAIMER CONT'D: I'm just a random guy on YouTube so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.

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[BobbyMucka]

I had a client utilize Section 179 and bonus depreciation to write off their Tesla Model X they use 100% for business. We then did a Roth Conversion to cover the difference in the refund. So that 130k we converted will never be taxed again. Especially since taxes are expected to rise drastically in the future.

[LindaDale-zh]

I love how you make complex topics approachable!

[roadlife_ent]

This is how my day starts after prayer 🙏🏿 thank you and the team

[Iamaamazing]

I watched a video on Lewis Howes Fb channel… finally lab leya Tuhanu… just Thank you karna c… Bahut e proud moment c k apna sardar Munda eniyan sohniyan Galla kar reha c🙏🙏🙏
I know there are a lot more but you literally made my morning😍

[BlockchainFx]

With inflation eating away at savings and the market being so volatile, it's tough to decide where to put your money.

[Mr.JaysonDasco]

loved this content :) thank you very much for all the effort and giving us knowledge, listening to you everyday bro. keep up the good work Godbless

[riddhimandas]

Taxes always go like a bouncer over my head. It is hard to understand when you are not accustomed to such type of financial subjects.

[shavyb.]

Please make a tax related video for stock market investors as well. This is great for real estate investors. TIA

[ameet]

Nice video. But what if you don't have any business and also will not be able to do any business, only employment income?

[prophetseven]

Does the same work on Yacht? If used for Work.

[socialnginrin]

Lololol I love that last loan thing!!! Absolutely

[stevenporter]

Get the whole thing but the government is hitting the brakes and gas at the same time. Saying there is a serious housing shortage then turning around and making homes more expensive indirectly by giving huge tax breaks and loopholes to commercial landlords.

[gregbailer]

Real Estate has many tax advantages over the stock market. However...Tenants are the pin that bursts the bubble of success!

[prophetseven]

What do you mean by the "Piece of the Meals" ?

[zakerhussain]

In short, what you are saying is the tax code is designed to benefit the well-connected and wealthy

[Shagbagtv]

You are very intelligent, how long have you been studying/ working as accountant??

[carsthoughts]

Gwagon example is bad!!! You will spend 100k plus loss in value plus loss in interest from loan . To save 20k. In taxes !!! Pay the 20k and keep the 80 k in the bank !!!!

[LouiseAaron-dq]

Outstanding information, with world crisis, rising inflation and economic instability due to poor governance, consider digital assets as a means to attain financial freedom.

[Lovcavs]

Do you have a good cpa you recommend for someone who doesn't have a business that make 250k yet