Alex Hormozi: How the rich avoid paying taxes - the Augusta Rule LOOPHOLE

Last updated: Jun 15, 2023

The video explains how small business owners can use the Augusta Rule loophole to rent out their homes to their businesses for tax-free income and a tax deduction.

This video by Alex Hormozi was published on Jul 21, 2021.
Video length: 03:59.

In this video, Alex Hormozi explains how small business owners can use the Augusta Rule loophole to generate tax-free income by renting out their homes to their businesses for employee meetings, member events, and recording sessions.

He also explains how this can result in a tax deduction for the business and a double dip for the homeowner. Hormozi emphasizes the importance of decreasing tax inefficiencies to increase net worth and offers this strategy as an easy way to do so.

He encourages viewers to consult with their CPA and check out his other videos for more strategies on increasing income and net worth.

  • The Augusta Rule loophole allows small business owners to rent out their homes to their businesses for tax-free income and a tax deduction.
  • Small business owners can use their homes to generate tax-free income and a tax deduction for their businesses by renting them out for employee meetings, member events, and recording.
  • The industrial states allow homeowners to lease their homes to their businesses for up to 14 days at a fair market rate, making the Augusta Rule a viable tax strategy for small business owners to increase their net worth.

How the rich avoid paying taxes - the Augusta Rule LOOPHOLE - YouTube

Alex Hormozi: How the rich avoid paying taxes - the Augusta Rule LOOPHOLE 001

Introduction

  • Alex Hormozi explains how to use the Augusta Rule loophole to rent out your home to your business for tax-free income and a tax deduction.
  • By the end of the video, viewers will know how to generate tax-free income by understanding the relationship between their home and their business.
  • The Augusta Rule allows small business owners to rent out their homes to their businesses for employee meetings, member events, and recording.
  • Small business owners can use their homes to generate tax-free income and a tax deduction for their businesses.
  • The industrial states allow homeowners to lease their homes to their businesses for up to 14 days at a fair market rate.
Alex Hormozi: How the rich avoid paying taxes - the Augusta Rule LOOPHOLE 003

The Augusta Rule

  • The Augusta Rule is a tax strategy that allows small business owners to rent out their homes to their businesses for tax-free income and a tax deduction.
  • Small business owners can rent out their homes to their businesses for employee meetings, member events, and recording.
  • By renting out their homes to their businesses, small business owners can generate tax-free income and a tax deduction for their businesses.
  • The industrial states allow homeowners to lease their homes to their businesses for up to 14 days at a fair market rate.
  • Small business owners can use the Augusta Rule to generate tax-free income and a tax deduction for their businesses, which can help them decrease their tax inefficiencies and increase their net worth.

Watch the video on YouTube:
How the rich avoid paying taxes - the Augusta Rule LOOPHOLE - YouTube

Related summaries of videos: