How Phil Knight applies smart depreciation?
Updated: Aug 10
These are the 5 topics that I share with you in this post:
1 - How Sergey Brin Takes Advantage of Tax Law Incentives
2 - How Kim Kardashian Depreciates Taxes
3 - How Phil Knight applies smart depreciation?
4 - How Michael Jordan Discovers the Secrets of Tax Savings
5 - How J. Lo Takes Advantage of the Treasure of Depreciation
1 - How Sergey Brin Takes Advantage of Tax Law Incentives
Net worth $106.2 billion!
Sergey Mikhailovich Brin. American billionaire business magnate, best known for co-founding Google alongside Larry Page.
Brin was the President of Google's parent company, Alphabet Inc., until he stepped down on December 3, 2019.
Depreciation is a tax deduction created by the government to motivate individuals to purchase and build equipment.
Did you know that the objective of this benefit is to increase the employment rate through construction and also to boost the economy by increasing the availability of residential and commercial buildings?
Super Contributor, pay attention!
In this sense, depreciation is one of the major drivers for entrepreneurs and investors to direct their actions towards wealth generation.
Increase your Financial Education and enjoy the benefits that the Tax Law offers you to maximize your cash flow.
2 - How Kim Kardashian Depreciates Taxes
Net worth $1.7 billion!
Kimberly Noel Kardashian is an American media personality, socialite, businesswoman, model, and actress.
When making investments in real estate,the value of the land it sits on cannot be depreciated because the land does not wear out.
However, each year you will receive a deduction equal to a fixed percentage of the total construction cost.
The amount you can deduct will depend on how quickly the law allows you to depreciate your asset.
In the United States, commercial buildings are depreciated over 39 years.
This means receiving an annual deduction of approximately 2.5% of the value of your property for 39 years! An amount that won't have cost you anything from your pocket.
Get advice from experts, find the best investment opportunities, and make the most of your money!
3 - How Phil Knight applies smart depreciation?
Net worth $42.9 billion!
Philip Hampson Knight is an American billionaire business magnate who is the co-founder and chairman emeritus of Nike, Inc., a global sports equipment and apparel company. He was previously its chairman and CEO.
When acquiring real estate, you are not just buying the building itself; you are also investing in everything that comes with it, such as green areas, fencing, parking, etc. These elements will depreciate much faster than the structure.
Therefore, you can make quicker deductions for these elements separately from the property.
One key to depreciation is to deduct as much as possible immediately.
This way, you can have greater cash flow to grow your business or consider new investments.
Invest in your financial education and increase your ability to make informed decisions about your business plans.
4 - How Michael Jordan Discovers the Secrets of Tax Savings
Net worth $2 billion!
Michael Jeffrey Jordan. Former professional basketball player and entrepreneur. The official NBA website states: “By acclamation, Michael Jordan is the greatest basketball player of all time”
30 years after his birth, the “Jordan” brand remains a giant in the market. The terms of the current deal between Jordan and Nike generate more than $60 million dollars annually for the athlete.
Just like Jordan, all great entrepreneurs know that one of the keys to taking full advantage of the benefits that depreciation offers is documentation!
It is essential to properly document the values of all the items that have been depreciated through cost segregation or real estate appraisal.
Without this information, it is not possible to substantiate before the tax authorities the arguments for the deductions that are requested to be approved when filing taxes.
Protect your tax savings with good documentation!
5 - How J. Lo Takes Advantage of the Treasure of Depreciation
Net worth $400 million!
J.Lo went from being a Fly Girl to flying first class thanks to a combination of hard work and intelligence. The singer, dancer, actress, producer, designer and entertainment powerhouse has generated a great wealth throughout her career.
According to Celebrity Net Worth, Jennifer Lopez’s net worth is an impressive 400 million dollars, making her one of the richest women in the entertainment world.
According to Forbes, some of her highest-grossing movies are “The Back-up Plan” (2010), which grossed 77 million dollars; “What to Expect When You’re Expecting” (2012), which grossed 84 million dollars; and “Second Act” (2018), which grossed 72 million dollars.
Jennifer Lopez is a woman who has known how to take advantage of her multiple talents and opportunities to build an empire.
Just like J. Lo, all great entrepreneurs know the importance of investing wisely
the tax savings from depreciation.
It’s money that you can reinvest or place in a new investment every year.
And so you’ll be maximizing your profits to grow your wealth.
Did you know you can pay 0 taxes in the U.S. with 30 days of free accounting?
Let’s pay 0 taxes!
Antonio Coa, CPA
Tax Specialist &
Accredited Investor
Antonio Coa, LLC
Whatsapp: (561) 814-4558
Antonio@AntonioCoa.com
www.AntonioCoa.com
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