If you and your spouse make $200,000 a year from your job, you lose roughly $70,000 to taxes

5.9K views5 months ago0m 8sScore: 75

Michael Chang

Pricing & Profitability
intermediate
Tax Strategy
Profitability
Expenses
Bookkeeping
Airbnb

Summary

The video explains how purchasing an Airbnb property can reduce your tax burden by utilizing bonus depreciation. In one example, they purchased a property and identified $178,469 in depreciable assets. They bonus depreciated the entire amount in one year, leading to over $230,000 in year one deductions and $62,464 in tax savings.