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Nov 16, 2023 22 min

The philosophy of tax deductions

from It's Not About The Money Hosted by Steve Nay and Tyler Smith

Sure, that big business expense may land you a tax deduction, but that doesn't make it a good idea. On this episode, Steve describes how the tax code is a tool to achieve policy goals by incentivizing certain behaviors. This might mean you should have kids or buy a truck, but don't do it just for the tax benefits. (00:00) - The Dad-a-Base (02:16) - Should you buy that truck for your business? (06:33) - Taxes as a tool for policy goals (09:34) - The philosophy of tax deductions (18:08) - Tax planning season --- Steve Nay: https://daybreaktax.com/ https://www.linkedin.com/in/nsteven/ Tyler Smith: https://www.tylersmith.io/ https://www.linkedin.com/in/tylersmith-io/

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The philosophy of tax deductions

0:00 22:34

Chapters

  1. 0:00 The Dad-a-Base
  2. 2:16 Should you buy that truck for your business?
  3. 6:33 Taxes as a tool for policy goals
  4. 9:34 The philosophy of tax deductions
  5. 18:08 Tax planning season

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This episode was published on November 16, 2023.

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