The philosophy of tax deductions

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
 

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Steve Nay: 

Tyler Smith: 

Creators and Guests

Steve Nay
Host
Steve Nay
Strategic tax advisor for solopreneurs. Enrolled Agent; Owner of Daybreak Tax LLC
Tyler Smith
Host
Tyler Smith
Financial coach for working professionals
The philosophy of tax deductions
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