Trump’s New Tax Plan Could Eliminate Income Tax | @karltondennis

Save thousands on taxes in 2025 with these powerful tax strategies for entrepreneurs, investors, and business owners! In this episode of The Wealthy Way, I sit down with tax strategist Karlton Dennis to reveal proven tips that help you maximize deductions, reduce taxable income, and keep more money in your pocket. We cover everything you need to know about Trump the Big Beautiful Bill, how it impacts tip and overtime deductions, the return of 100% bonus depreciation for vehicles, real estate, and business equipment, and advanced strategies like cost segregation, offsetting active income, and leveraging movie investments or oil & gas for massive write-offs. If you’re looking for tax hacks, small business tax tips, or real estate tax strategies in 2025, this video is your ultimate guide to mastering the tax code and building wealth the smart way. ________________ Learn how to invest in real estate with the Cashflow 2.0 System! Your business in a box with 1:1 coaching, motivated seller leads, & softwares. https://www.wealthyinvestor.com/ Want to work 1:1 with Ryan Pineda? Apply at https://www.ryanpineda.com Love business and golf? Join our private mastermind for elite business leaders who go on bucket list golf trips together. https://www.mastermind19.com Join our FREE community, weekly calls, and bible studies for Christian entrepreneurs and business people. https://www.tentmakers.us __________ CHAPTERS: 00:00 - Intro 01:44 - Who is Carlton Dennis 02:19 - The Big Beautiful Bill 05:45 - Bonus Depreciation Benefits 09:10 - Real Estate Applications 12:46 - SALT Cap Increase Explained 16:09 - Economic Impact of Tariffs 19:37 - Jerome Powell Insights 20:38 - Understanding Economic Stagnation 24:40 - Wealth Creation Strategies 28:20 - Quick Decision Making 31:18 - Ryan's Golf Mastermind Program 36:15 - Origin of Golf Mastermind Concept 41:30 - IRS Code 181: Film Investment 47:50 - Trusts and Nonprofit Organizations 50:46 - AI's Impact on Accounting 54:35 - Sam's ChatGPT Experience 57:34 - AI in Advertising 58:20 - Business Spending Strategies 58:51 - Business Vision and Goals 01:02:05 - Community Updates 01:03:02 - Selling Strategies for Businesses 01:05:35 - Challenges in Selling Small Businesses 01:06:56 - Low Churn Strategies 01:08:58 - Contacting Carlton Dennis 01:09:31 - Carlton's YouTube Channel 01:09:36 - Outro