E406: 100% Bonus Depreciation is Back! Here’s How Savvy Investors Slash Taxes and Multiply Returns with Mike Pine CPA

Capital Hacking

In this exciting episode of Capital Hacking, we bring you a rebroadcast featuring the incredible Mike Pine, a passionate CPA who has a unique perspective on the tax code. Mike believes that the tax code is not a burden but rather a "yellow brick road" to wealth, filled with incentives for entrepreneurs and investors.

Mike shares his journey from being a reluctant CPA to discovering the beauty of tax strategy. He emphasizes that many CPAs focus solely on tax preparation, missing out on the strategic opportunities available within the tax code. He explains concepts like bonus depreciation and cost segregation, illustrating how these strategies can significantly impact cash flow and wealth accumulation.

This episode is packed with valuable information and is a must-listen for anyone looking to enhance their financial strategies through the tax code.00:00:46 - Introduction of Mike Pine

Ultimate Show Notes:

• 00:01:19 - Discussion on tax code as a path to wealth
• 00:02:45 - Mike Pine's background and passion for tax code
• 00:04:27 - The purpose of the tax code and its incentives
• 00:05:00 - Mike's journey from accounting to tax strategy
• 00:08:03 - The importance of understanding tax incentives
• 00:08:43 - Explanation of bonus depreciation
• 00:12:35 - Example of bonus depreciation with a taxi cab
• 00:15:15 - The impact of tax savings on wealth accumulation
• 00:18:51 - Introduction to cost segregation
• 00:19:17 - Explanation of cost segregation and its benefits
• 00:22:08 - Discussion on the importance of tax strategy
• 00:25:27 - Upcoming debate on real estate in IRAs
• 00:30:11 - Recommended resources for tax strategy
• 00:32:27 - How to reach Mike Pine for consultations

Connect with Mike on Social:

LinkedIn: https://www.linkedin.com/company/revo-taxpayer-advocacy/

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We believe that Capital is more than just Cash. In fact, Human Capital always comes first before the accumulation of Financial Capital. We explore the best, most efficient, high-integrity ways of raising capital (Human & Financial). We want our listeners to use their personal human capital to empower the growth of their financial capital. Together we are stronger.
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