The tax code incentivizes business owners to reduce liquidity by purchasing depreciating assets (like trucks and buildings) to offset tax liability, which prevents the accumulation of generational wealth; this strategy, while reducing taxes, ultimately keeps money from growing and working for the family.
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I thought Tax Code was built to protect us, then I lost 5M$ I wish someone told me this.Added:
You guys want to know something absolutely crazy? Tax code was never actually built to create tax income. The tax code was created to keep you broke.
Now, Andrew, what the heck do you mean?
And I'm going to explain it to you. You as a business owner fully understand the tax code is incentivizing you to reduce your liquidity. Hey, purchase the new truck, purchase the new building, purchase all of these things, therefore, no taxes. Also, subsequently, you have no money. So, you have no ability to create generational wealth. That money's not growing for you. You're not actually able to implement it and have it work for you in any way, shape, or form.
They're incentivizing you to purchase depreciating assets to offset your tax liability. And if a CPA and accountant is telling you that that's the strategy, well, I'm here to tell you your CPA and accountant doesn't want your family to be rich. That is the problem. You guys want to know how to actually build real wealth, more importantly, keep it.
You're already building the wealth. If you want to know how to keep it, comment the word tax down below. I will personally explain how to use the trust to defer the tax and
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