Ben Gilbert: belief

Transcript context

…I've been hunting for ways to avoid paying taxes over the past year. People keep telling me about opportunity zones and how I should be investing in them. I only understand 20% of it so far. I'll give you a very small amount that I know for sure and leave everything else unsaid so I don't say anything wrong. I know you can roll appreciated stock in, which I think is similar to a 1031 exchange without paying tax on it. So it's a new investment. Right. Let's combine the climate change and tax idea here into one with an idea I've been noodling on. I actually have said this on the podcast before, but I need to say it again because I'm still thinking about it, which is not true of 99% of the ideas I say. One of the best simple ways to reduce your tax burden is to do a solar installation. There's a solar tax credit that the government gives. You have a house, you put solar panels on. Yes, you pay the upfront investment, but then you save on your utilities, and you get the tax credit that you can use to eliminate a whole bunch of your earned income. Essentially, you could do it for free as long as you have the money to put up front. I've been looking to basically do this. I need something bigger than just my house. Your house might have a $30,000 or $50,000 project. I don't know exactly what it is. Can I get like $1 million of tax credits for this? Can I do $1 million worth of solar?…

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