@mario_esquer_: How Billionaires Use Luxury Vehicles as Tax Shelters To most people, a Rolls-Royce, Bentley, or custom G-Wagon looks like pure indulgence. To billionaires, luxury vehicles can also be strategic financial tools when structured correctly. Here’s how it works: 1. Business Depreciation When a luxury vehicle is purchased under a business entity and used for legitimate business purposes, it can qualify for accelerated depreciation. Under Section 179 and bonus depreciation rules, a portion (or in some cases a large majority) of the vehicle’s value can be written off, reducing taxable income. 2. Asset Placement in an LLC Billionaires rarely own high-value vehicles personally. The car is often owned by an LLC or holding company, which allows expenses like insurance, maintenance, storage, and transportation to be deducted as business costs. 3. Branding & Marketing Justification For public-facing entrepreneurs, investors, or brand owners, luxury vehicles can be classified as marketing assets. Appearances at events, social media content, client meetings, and promotional use provide a defensible business purpose. 4. Leasing vs. Buying Strategy Leasing luxury vehicles can allow consistent deductions while preserving capital. Buying, on the other hand, can unlock depreciation benefits. Billionaires choose based on cash flow optimization, not emotion. 5. Wealth Preservation, Not Spending The key difference: the wealthy don’t buy luxury to “spend money.” They buy assets through structures that shift tax liability, preserve capital, and enhance brand value. The takeaway Luxury vehicles aren’t just status symbols at the top—they’re part of a larger tax and asset-management strategy designed by accountants, attorneys, and advisors. This is why the ultra-wealthy always build teams… not opinions. #billionaire #luxurylife #wealth #fyp

J :

Haha this is legit but your business has to be making enough taxable income for you to be able to write off your vehicles. Also the RICH PUT THERE CARS UNDER A LLC SO THEY DONT GET TAXED FOR 500k on a car its a loop whole to not paying tax on a purchase.

BradleydMacey :

Have we never heard of suspended losses before?

Cristian Bello923 :

Montana ftw!

Jeff Roberts :

same with the art world, money laundering at its highest level.

ʟʊƈӄ :

Janet :

@ViciousDrop

TheHadDad5432 :

you know what it is had to @Alex Haddock 👑

user4709061941668 :

😳😳😳

Naomi🏳️‍⚧️ :

save $60k in taxes on a $300k G wagon. You still lose money. I buy real assets, like land and mineral rights.

m :

no. it's mostly for clout

Chris 🇭🇷🇲🇽 :

Yeah, just commit Tax Fraud 🤣

hawktuah123 :

AI text slop

veyeyt :

nice chatgpt

misslehead :

so basically wealth in the usa is a product of deception manipulation tax evasion fraud accounting misrepresentation money laundering and many other criminal activities 🙄 why does this not surprise us 🤔

Carlos :

lol, tax fraud at its finest

burgersmoove :

This is tax fraud! In order to get around this, we set our rental price way higher than it should be. we’ll use a 488 for example, $900-$1,500 a day, we’ll set it at around $2,000-$4,000 a day (with a 1 day limit to protect our vehicle) Then, twice a year for about a month, drop it down to about $750-$1,250 a day with a limit of 1-2 days until you get someone to rent it. Record this transaction and report it. Another way around this is have a much broker friend rent it for a price that is higher than market value (you will pay this back over time with interest under the table. or not) then report the transaction👍

CJ Tumolo :

My guy everyone knows the real rich have their LLC set up in Montana where they pay no sales tax at all. Delaware still has a state fee it’s just worded differently in their state

TheCarAndy :

Not all cars depreciate.. Porche 911’s, Aventador Svjs, and many others actually hold value and go up.

🌴𝒞𝒽𝓇𝒾𝓈🌴 :

@Samuel

Shannon Provence :

Get audited. See how this works. You have to use it 100% for business.

krank :

but then you go to sell the depreciated car and lose money. so you did indeed lose the money you claimed to lose. and you benefit how?

Sunzoh :

Depreciates 50% the second you take it off the lot and all you car junkies have your eyes on the next best one 😭 great way to burn cash

Jonathan Gregg :

And that’s why you see all of these expensive cars at car shows

Coty Brown :

AI wrote this lol

HUBBABABA-Find Your Asian Man :

This is called fraud

swankydanny :

The company makes 0.00 cause it’s fake, and you depreciate it and do it as a write off and what ….? lol

Weinthecommentz :

I knew Jay Leno was smart. Good God

V :

Yeh basically

Mr Victorion :

Wanna know something. If it was such a problem. It would be talked about more.

esthles :

Do not listen to this advice.

guest_home :

Yeah but where to get the money to buy

Hazel Jade :

The IRS reading this rn 👀 👀 👀 Bro screwed 💀😭

Hazel Jade :

This is TAX EVASION 101 😏 You’ve got balls coming on here saying this on TT

o :

🥰🥰🥰

LordAlmight#1 :

Just need to be a profitable business is your biggest challenge in ur next adventure

Dominic Po :

Who didn’t know this

Blu_sx⚡️✝️ :

Sounds like a good deal. Why are we hating people for keeping their hard earned money?

Roman Alexander The Great :

Exactly why influencers show off all their expensive purchases, the video is posted online which is basically their “job” so that expensive house or car becomes tax deductible

Shredded Cheddar :

🤝

Larissa & Redouane :

👀