Tommy Dobczyk shows how to use cost segregation to turn tax bills into asset purchases. A company with $750k in tax liability can buy depreciable assets like vehicles and machinery to generate write-offs that offset the entire bill, multiplying money through reinvestment instead of paying taxes.
Chapters
You're going to just rinse and repeat doing that, but you're going to do that instead of paying taxes with it, you're going to buy assets with it. This is where cost segregation becomes a thing because I'm going to go over here to the business. For example, let's just do this first. So my tax bill as a, as a, as a company, what is $750,000 minus the $5 million?
$5 million minus $750,000. $4.25 million.
Right. So I have, I have $4.25 million that is basically profit for my company. And in my company, all of you are board members. So it has to get split that way. And so the $50,000. $750,000 right here goes to the taxman. How do I avoid paying those taxes to the taxman? Right. And how I do that is by making sure that I, I have something that I can write off here for that $750K. And I do that with assets, liabilities. And that's basically all you have, assets, liabilities, and labor. Okay. Those are the things that you can basically write off as a corporation. So assets would be land. Can anybody tell me what a liability would be in business?
Like, I'm just kidding. Would overhead be a liability? Overhead?
Or vehicles? No, a vehicle. A vehicle. That's right. Like machinery. Machines, right.
And they're a liability because they depreciate in value. They depreciate.
They depreciate. They depreciate. So, and I'm breaking this down for you to understand what it does, what we do to pay taxes here. And then, and then this here is literally like labor is
