Learn what the ultra wealthy do to write off cash flowing assets and take advantage of the 100% bonus depreciation. In this masterclass you'll understand the dos and don'ts of advanced tax planning, asset depreciation, and see first hand case studies of entrepreneurs and business owners who are taking advantage of these strategies.0:00 - Intro1:07 - Who is Michael Williams?6:01 - The Three Steps to Tax Efficiency8:46 - Who are these Tax Strategies for?11:29 - Prioritizing Low-Hanging Fruit First13:14 - What is Depreciation for Tax Write-Offs?15:50 - Finding the Right Assets for Bonus Depreciation 19:58 - Two Main Risks: Tax Risk and Economic Risk23:54 - Passive vs. Active Income24:58 - Strategies for Writing Off Against Active Income26:56 - Structuring a Trader Business27:43 - Risk of IRS Audits31:21 - Tax Arbitrage32:59 - Understanding the Economic Risk34:02 - Differentiating the Strategies from Real Estate37:55 - Case Study Walkthrough with GPUs40:17 - Turning $150K Investment into $1M Write-Off 43:00 - Recapturing Cash on Residual Value as Ordinary Income45:58 - Cash-on-Cash Return Targets48:12 - After-Tax Return on Investments51:16 - GPUs Residual Value52:20 - Pulling Assets Out of the Revenue Pool53:14 - Services and Fees (Maintenance, Insurance)54:02 - Debt Payment Responsibility55:00 - Tax Implications of Debt Service57:41 - Final AdviceJoin the Tax and Assets Community: https://taxandassets.comConnect with Michael & His Team: Email - michael@trusttpc.comWebsite - https://www.trusttpc.com/Want Us to Review Your Current Tax Strategy Before the End of the Year? Click Here: https://betterwealth.com/tax______________________________________________ Learn More About BetterWealth: https://betterwealth.com====================DISCLAIMER: https://bttr.ly/aapolicy*This video is for entertainment purposes only and is not financial or legal advice.Financial Advice Disclaimer: All content on this channel is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of the information on this channel. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.