Tax Expert: HUGE Loopholes In Trump's Big Beautiful Bill - What NO ONE Is Telling You!

The Iced Coffee Hour

Graham Stephan/Jack Selby

Entrepreneurship, Business

4.6 • 679 Ratings

🗓️ 13 July 2025

⏱️ 104 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bizee: Start your business with confidence at Bizee.com/ich Range Rover Sport: Start designing your Range Rover Sport today at https://www.rangerover.com/us/sport Shopify: Sign up for a $1 per month trial period at https://shopify.com/ich Follow Karlton Dennis : On Youtube - https://www.youtube.com/@karltondennis On Instagram - https://www.instagram.com/karltondennis/ Website - https://karltondennis.com/ On TikTok - https://www.tiktok.com/@karltondennis Apply for The Index Membership: https://entertheindex.com/ Add us on Instagram: https://www.instagram.com/jlsselby https://www.instagram.com/gpstephan Official Clips Channel: https://www.youtube.com/channel/UCeBQ24VfikOriqSdKtomh0w For sponsorships or business inquiries reach out to: [email protected] For Podcast Inquiries, please DM @icedcoffeehour on Instagram! Timestamps: 00:00:00 - Intro 00:01:10 - Is the tax system rigged? 00:05:23 - Can the average person pay $0? 00:05:53 - Abolish taxes? 00:09:09 - Big Beautiful Bill tax impact 00:10:46 - No tax on tips 00:17:18 - Sponsor - Bizee 00:18:29 - $40K deduction cap 00:21:46 - 8150 tax law 00:23:57 - Trump account explained 00:26:00 - $10K auto write-off 00:28:33 - Bonus depreciation 00:29:49 - Self-rental strategy 00:37:17 - Sponsor - Range Rover 00:38:22 - Tax winners and losers 00:43:59 - What an IRS audit is like 00:45:38 - IRS audit red flags 01:01:13 - Why IRS won’t calculate your income 01:02:51 - Declined clients & horror stories 01:03:47 - Jail for unpaid taxes? 01:04:18 - Do some never file? 01:05:25 - Sponsor - Shopify 01:06:57 - Shadiest tax moves 01:08:12 - Biggest IRS fines 01:10:14 - Biggest tax bills erased 01:12:29 - Tax loopholes 01:17:09 - Tactics to reduce taxes 01:19:08 - When to stop using TurboTax 01:19:51 - Luxury goods write-offs? 01:20:28 - His income & tax bill 01:27:55 - What luxury items he buys 01:28:38 - Tracking expenses 01:31:55 - 3 tax tips for $60K–$200K earners 01:39:02 - If you rewrote the tax code 01:40:35 - Move to Puerto Rico? *Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	I had the absolute pleasure of speaking to Pamela Anderson.
0:04.2	All thanks to the Dove Self-Eesteem Project.
0:07.1	We speak about the impact Y2K has had on women's body confidence and how Pamela has regained control.
0:12.9	The Dove Self-Esteen project is an amazing initiative supported by science-backed methodology
0:17.8	to help us improve our relationship with our bodies.
0:20.8	To find more
0:21.4	body confidence building exercises, go to dove.com forward slash Y2K. That's Y2K spelled W.H.Y.2K.
0:30.0	The one big beautiful bill. He's signing the bill. Who's going to lose the most from the big
0:36.5	beautiful bill? The uneducated are always the losers because if you don't know that the tax code is a game,
0:42.1	you will get left behind and you will always end up tipping Uncle Sam.
0:47.0	The most common mistake people make is they make money, pay their taxes.
0:52.0	They never try to figure out ways to save, reinvest, or utilize the
0:55.4	government system to their advantage. But this is an opportunity for everyone to get educated right now
1:01.0	and to gain control of their financial future. For anybody that wants to build their wealth,
1:06.4	you can take advantage of the tax code by following the government's rules. So what if so few people know about these strategies? Because the wealthy do not want to share
1:16.0	the secrets. If everybody knew about this tax strategy, I don't think anybody would be paying
1:22.6	taxes and I'm serious.
1:32.7	So this is a podcast that I've really been looking forward to because I'm a nerd when it comes to taxes.
1:33.8	For years, I have made tax videos on YouTube.
1:36.3	I talk about taxes nonstop.
1:37.6	It's all I think about.
1:38.9	Yeah.
	...

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