Chapter
The Benefits of Depreciation for Real Estate Investors
04:09 - 11:44 (07:34)
Real estate investors can depreciate an asset over 27.5 years, pay no federal or state income tax, and allow the value of the asset to increase with inflation. Wealthy investors get around paying taxes by considering the increase in value as debt instead of income.
Clips
This podcast explains how to depreciate assets such as a house over twenty seven and a half years to ultimately pay no federal or state income tax, using a twenty seven million dollar building as an example.
04:09 - 07:03 (02:54)
Summary
This podcast explains how to depreciate assets such as a house over twenty seven and a half years to ultimately pay no federal or state income tax, using a twenty seven million dollar building as an example.
ChapterThe Benefits of Depreciation for Real Estate Investors
Episode#125 - What is the Buy, Borrow, Die Process?
PodcastMy First Million
Rich people avoid paying federal income tax by investing in assets like property, stocks, gold or businesses, and using depreciation to offset the increase in value of the asset against their tax liability.
07:03 - 09:22 (02:18)
Summary
Rich people avoid paying federal income tax by investing in assets like property, stocks, gold or businesses, and using depreciation to offset the increase in value of the asset against their tax liability.
ChapterThe Benefits of Depreciation for Real Estate Investors
Episode#125 - What is the Buy, Borrow, Die Process?
PodcastMy First Million
Some tech billionaires, like Larry Ellison, run their lifestyles off of borrowed money from their assets, which is tax-free because it is not considered income.
09:22 - 10:16 (00:53)
Summary
Some tech billionaires, like Larry Ellison, run their lifestyles off of borrowed money from their assets, which is tax-free because it is not considered income. They continue to let their assets appreciate and then place them in a trust upon their death.
ChapterThe Benefits of Depreciation for Real Estate Investors
Episode#125 - What is the Buy, Borrow, Die Process?
PodcastMy First Million
This podcast explains how the tax system allows the wealthy to pass their assets to their heirs without paying any inheritance tax, allowing them to live off an enormous line of credit without ever selling their shares or paying taxes on them.
10:16 - 11:44 (01:28)
Summary
This podcast explains how the tax system allows the wealthy to pass their assets to their heirs without paying any inheritance tax, allowing them to live off an enormous line of credit without ever selling their shares or paying taxes on them.