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Tax Minimization Strategies with Chris Hynes
Bonnie Yam introduces Chris Hines, who shares insights into traditional tax minimization methods and introduces the dual harvest program. Chris explains how this program benefits charities, providing details on its tax advantages. The discussion includes an example scenario and highlights the program's limitations. They delve into the timeline for investment, financing, and participation, and provide an overview of various tax credit programs, including Native American credits. The episode wraps up with closing remarks and a preview of the next episode.
Key Points
- Tax minimization can be achieved through innovative strategies like the Dual Harvest Program, which allows individuals to purchase seeds at a discount, hold them, and then donate to charity for significant tax deductions.
- Participating in Native American tax credits can offer substantial tax savings, allowing individuals to offset their tax liabilities at a fraction of the cost.
- Combining different tax minimization strategies, such as charitable donations and tax credits, can optimize overall tax efficiency while contributing positively to social causes.
Chapters
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| 0:28 | |
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| 5:26 | |
| 10:31 | |
| 15:07 | |
| 21:16 |
Transcript
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