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Brian Boyd

๐Ÿ‘ค Speaker
469 total appearances

Appearances Over Time

Podcast Appearances

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

And the public policy behind that is the government is not in the business of building housing.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

That isn't their business.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

They don't want to do that.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

They want people like you and me to go build or buy and

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

be real estate.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

Rewarded.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

Yeah.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

And so they reward us for that.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

And that's everywhere from the bonus depreciation you see under Section 168K to the expensing under 179 to the tax deductions under 162 to the interest deductions under 163.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

You know, there is so much in the tax code that really focuses on real estate and

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

And they make it easy for you.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

Take, for example, Section 8 housing.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

I kind of have a passion for Section 8 housing because we do have a dearth of real estate in the country that is affordable.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

And so Section 8 is a program out there that will pay your rent for you while you're trying to better yourself and get out of that situation.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

So, so many people...

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

look at Section 8 and they turn their nose up to it.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

But at the same time, our government, our tax code has incentivized providing affordable housing.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

I think there are actually credits out there available.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

And for those listeners out there, a credit versus a deduction, we're talking apples and oranges.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

A credit is like a dollar for dollar reduction of your liability.