4.8 • 793 Ratings
🗓️ 25 July 2025
⏱️ 18 minutes
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There are a TON of tax advantages hidden in the new Big Beautiful Bill that entrepreneurs can take advantage of. In this episode we're breaking down Qualified Small Business Stock Exemptions, the cash based accounting limit, and Section 179 to name a few.
If you're on your road to $1M and want to get started, check out my free playbook at https://capitalism.com/playbook-yt
Let me know - what are your favorite provisions in the Big Beautiful Bill?
What will you be taking advantage of?
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0:00.0 | The government does dumb things. |
0:03.0 | That's their job. |
0:04.7 | And most of the time, the government does dumb things that are not good for you. |
0:09.1 | But once in a while, the government does something stupid that directly benefits you. |
0:15.3 | When that happens, it's your job, maybe even your responsibility to take advantage of that. |
0:21.9 | Because every other time you're going to be paying for the dumb things that benefit other people. |
0:26.9 | So when they do something that benefits you, you better take advantage of that. |
0:31.1 | That's why it's important that entrepreneurs know what's in the new tax bill. |
0:36.5 | Because there are some very interesting tax changes |
0:40.8 | that will directly impact how much money you make and more importantly, how much money you |
0:47.1 | keep when you build a profitable business and sell a profitable business. |
0:52.4 | Now, I'm not going to get political on you today. This is not the |
0:55.3 | time for us to look at what's good and what's bad. We're just going to look at the facts and how it |
1:00.7 | affects us as entrepreneurs. We're going to look at the provisions in what's called the one big, |
1:06.3 | beautiful bill and see what opportunities exist for us as business owners. And then at the end, if you |
1:12.8 | stick around, I'll give you my personal opinion on this bill. The first big thing that you should |
1:18.4 | know about is the cash-based accounting limit. What the heck does that mean? Nobody's talking about |
1:26.8 | this in the headlines. But if you sell physical stuff, if you sell on |
1:31.2 | Amazon, if you're an e-commerce, this is the biggest thing in the new tax plan. |
1:37.6 | You see, back a few years ago, there was this thing that I called the reverse tax loophole. |
1:43.9 | Basically, if you were selling physical stuff and you had |
1:47.6 | inventory, you had to pay tax on that inventory. So not only did you not have the money because it was |
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