ilmscore | Prediction Details
"I use my cell phone and my computer in business, so when I go out and I buy a cell phone and my computer, this is a business expense because I need to use it in my business, so I get to deduct it against my taxes. My team and I went out for lunch today, that was another tax deduction. I just showed you an interview clip that I made with Robert Kiyosaki. Well, in order for me to make that clip, I had to fly out to Scottsdale, Arizona... In order to record that, I needed to have a hotel room, I needed to have food, I needed to have a car. All of those things were a tax deduction. And along with that, I got a trip to Arizona. See, I make money, and then I get to spend money on things like my cell phone, my laptop, my food, and my trips. And then after what's left, that's what I pay taxes on."
By Minority Mindset | November 12, 2023 | Pending
From video
How The Wealthy Pay No Taxes (And How You Can Too) | Jaspreet Singh 00:12:59 - 00:13:41
Interpreted Prediction
Expenses such as cell phones, laptops, team lunches, travel for business meetings (including flights, hotels, and car rentals), and meals incurred during business trips are deductible against business income, reducing taxable income.

Prediction Details

Topic
Tax Deductions for Business Meals and Travel

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