ilmscore | Prediction Details
"If you own a business, this could be a real estate investment business. This could be a business that you created. This could be a business that you bought. Now, this is completely flipped. Now, the way that it works is you make money from your business. Then, you pay your expenses right here. And then you pay taxes on whatever is left because now these expenses are deductions that you can take against your gross income which is why you have a much slower tax liability, a lower taxable income because you're paying for your expenses first."
By Minority Mindset | March 3, 2024 | Pending
From video
MASTERCLASS: The SECRET To Never Be Broke Again 00:55:36 - 00:56:11
Interpreted Prediction
Business owners can reduce taxable income by deducting business expenses before calculating taxes, effectively lowering their tax liability.

Prediction Details

Topic
Business Expenses as Deductions

Comments

0 comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.