In this segment, Sam Parr addresses how business owners with substantial profits—illustrated by a $1 million example—can dramatically reduce their tax liability by strategically owning assets. He explains that purchasing the building where a business operates allows the owner to claim depreciation, effectively treating 20‑30 % of the purchase price as a business loss in the year of acquisition. This tax shield is a key reason many traditional businesses own their premises instead of renting. Parr then extends the concept to vehicles, noting that heavy business vehicles (over 6,000 lb) qualify for accelerated depreciation, enabling owners to write off a large portion of the purchase price—highlighted by the popular “G‑Wagon tax write‑off” meme. The overall message is that owning qualifying real estate and heavy equipment can serve as powerful, legal methods to lower a company’s tax bill.
