ilmscore | Prediction Details
"Now for the needed to buy a truck for my business, if it classifies under the right exemptions because there are deduction out there right now that will allow you to deduct the value of a heavy vehicle against your income. So if I went out and bought a $150,000 G wagon, I could deduct most of the value of the G wagon against my income. Now, again, I have to justify that I'm using it in my business, but this is where now clever accounting comes into play."
By Minority Mindset | November 12, 2023 | Pending
From video
How The Wealthy Pay No Taxes (And How You Can Too) | Jaspreet Singh 00:06:54 - 00:07:16
Interpreted Prediction
Business owners may be able to deduct a significant portion of the cost of a heavy vehicle, such as a G-wagon, against their income, provided they can justify its business use.

Prediction Details

Topic
Deducting Heavy Vehicles for Business

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