Why did I buy a Lamborghini #luxurycars #lamborghini #expensivecars

Summary

The host discusses the concept of bonus depreciation and how he utilized this tax strategy to write off the entire purchase price of a Lamborghini Urus in year one. He points out that the bonus depreciation for 2022 allowed for a 100% deduction, which has since decreased to 80% in 2023, 60% in 2024, and will eventually phase out unless legislative changes occur.