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It is also an asset you can borrow against. Once you get past a particular point with money, debt becomes a tool, not something you do to get something. Payin
by sumtechguy 5y ago
It is also an asset you can borrow against.
Once you get past a particular point with money, debt becomes a tool, not something you do to get something. Paying back debt is considered a business expense. Once you see that and you understand that you can work the tax system to pay less in taxes. Rent is just a bonus. Sometimes they will set the rent high just so they do not have to mess with it.
One of the few things that 2016 tax plan did was to put a cap on how much you could write off in many conditions.