Lmaoo 🤣🤣

Did you know that you have rights Constitution says you do and so do I

Idk if ur keeping up. Last season starts back up in 3 days I can't wait.

@thatweebaaron When he was explaining it I paused for a sec and thought wait is this tax evasion 😆😆

Cucumber water for paying customers only!

Hes hoping to pick up a Russian super yacht on the cheap.

Don't worry for the wizard, he is used to collecting a lot more from Tyler every month than what rent is going to cost :D

id be suprised if the wizard even charges him rent considering he pays him $80k plus a year in car repairs. I’d let my best customer pretend he had an office in my break room too!

@@mromatic17 Ahah true, but Hoovie did say rent would be a few hundred/month :)

@@mromatic17 This might end up being the thing where they've had enough of each other too. I can't see Tyler spending much time there though.

I laughed entirely too much at the “T&A Holdings, LLC” was already taken line…

Total Nonstop Absurdity

Best t&a in the whole state

Rents are going up. Soon Wizzard will live in Hoovies house.

More like Car Wizard sponsored by Tyler Hoover’s bad decisions.

I think their collaboration is about to be huge.

It's easy when ur mother is Bonnie Tyler

You might be able to get trade discounts and promo discounts. €8-).

Genius idea

Other people: Task failed successfully Tyler: Life unsuccessful successfully

@@dekabwerks from the man who admits to publishing the dumbest automotive content on KZfaq.

I don’t see unsuccessfull lol

He's making more than you can imagine! Not any financial problems for him.

Based Tyler teaching us how to do legalized tax fraud the way rich people do

Underrated comments 😂

That is tax AVOIDANCE sir

Tyler has been selling cars illegally for the past several years. Not surprised he is moving to a new scam.

Typical American Allahu Akbar

Framed IOU note

If he frames a dollar now it will lose value until it IS a negative!

If that printer also prints in color, he can print a red dollar and frame that.

And if you have no income you will pay no tax. Way ta go Tyler.

@@rogersmith7396 KZfaq pays him more than you'd think.

the saving on Sales Tax alone is paying for it. Here in South Carolina it is 5% with a max of $500. It used to be max of $300 but they upped it to $500 in 2017. I have bought and sold ~50 cars/truck/boats/motorcycles while living here, I am so happy with the limit. Some of my cars were over $30K back in the 90's.

@@ZanakinzMedia Its obvious what YT pays him. He lives in a mansion and owns millions of dollars in cars. I imagine he has lots of debt.

@@rogersmith7396 he had those before youtube..

His cars should have that chrome truckers naked woman on them.

I’d second this, ace idea. But then he’d make money which would reduce his yearly loss and therefore his tax deductibles. Which is the real point of it I reckon!

T&A Ventures 😉

Bring us to the auctions! I love the older random cheaper stuff.

I see it, I’m surprised nobody was laughing

That wasn't intentional at all...no way!

I came to the comments looking for T&A jokes and I wasn't disappointed.

Too bad he could t get T&A Holdings like he wanted!

That was the joke with T & A Holdings....

Beat me to it 😀

Also saves on filming/production time as well.

I can tell you never owned your own business. Losses are bad, period. A write off just affects the taxes you might have paid and can be brought forward but only 80% of the tax owed when a net loss, except when Realestate. It used to be 100% but Trump changed it in 2017.

@@batsonelectronics But the amount is all that is needed to reduce the costs and with that already saved more than was going to be spent... it is just different costs and deductions now vs private.

@@wobblysauce it depends on how much he spends and loses over the year. I imagine he will save $40-$50,000 in sales tax for purchases over the course of a year. For the new business to be worthwhile, he needs to spend and lose less than 40-50K over the course of a year, or not having the dealership would have made him more money. So the cost of rent, phone, extra accountant costs, etc times 12, plus whatever money he makes or losses, all needs to be 50K or less. If he losses a total of $15k with rent, phone, car sales losses, etc at the end, then he would have actually made around 35K over not having the business since his actual cash outlay would be less than if he didn't have the dealership. He is already a business now on KZfaq, he just added a second one with the dealership. I currently have 2 businesses myself and have been self employed for 30 years.

Hey! How is it going and welcome back!

Woah, my automotive KZfaq channel worlds colliding.

The crossover I never knew I needed

The small world of the automotive KZfaq channels.

Ayeee just watched you last vid 😂😂

I only looked in comments to say that, that is nowhere like the topgear car! Twice the CC's I'm sure the F1 drivers would have preffered a 2.4L

@@toddlerj102 my dad would have loved the 2.4 😭😭😭🤣🤣🤣🤣

@@shanegillan7606 I bet he would've as I'm sure most owners would have, apart from the fuel consumption of course lol

I was looking for this comment!

Well, you're right, it was a smaller engine. A 1.5 litre 103 bhp to be exact.

The 2.3 makes a world of a difference especially if it has the manual transmission. I had a friend who got about 500 horsepower out of the 2.3 engine, thing was insane.

I've never understood why Americans need such big engines in tiny econoboxes. What are you planning to do with your 2.3 litre engine in your small Japanese hatchback? I can understand having a faster sport model but to have it as standard just seems weird.

@@drunkenhobo5039 Because bigger is better duh! (Says the person that has a 1.3 liter FC and a 1.2 liter FB.)

@@drunkenhobo5039 drag racing Suzukis duh

@@drunkenhobo5039 Because we have 80mph speed limits, and the need to run the AC 100% of the time in most of the South due to the heat.

I think it was done by someone who underestimated the amount of work or money involved. They started then sold it when they realised they couldn't finish it

Loose = not tight. Lose = not win

Great point. 👍

😁😄

He's got a Business degree from KSU. A little goofy, yes. Dumb? We should all be so dumb.

@@kurtlamprecht93 Tyler isn’t hurting financially. He can afford to lose money selling cars as a joke, and at the same time he’s getting content and helping himself on his taxes. The guy is brilliant.

@@kurtlamprecht93 no but I think he's done quite well for himself with both his KZfaq channel and Cartrek. I didn't know about his family wealth, although I suspected it. Listen, I like him. The way I see it, if you don't like something don't watch it and especially don't go to the comments and run them down. We get enough of that from the government.

He knew that

That's exactly what I'm doing right now😆

18.27

Gold dog chain, gold tooth, aviators glasses. Drive a junk Mercedes.

Tits & Ass? 🤣,I’m sure hoovie is well aware of this too,cheeky guy 🤣

Ain't happening. The Wizard needs to fund his real state buying spree

@@Biker_Gremling Rumour has it he now owns over 40% of Kansas.

*not expensive *not Persian *not a caprice for someone named buick you'd think you'd know what you are looking at.🙄

@@longjohn77 I'm sure he got it for 90% off the original price 🙄

@@nicholasvinen good to know! not sure why you felt the need to share that, but here we are...🙄

Freakin’ goombah… 🤦‍♀️

CONGRATULATIONS! What an achievement!

Dealer prep!!!

Not reasonable at all...

Reasonable!? What you talking about

basic tax avoidance scheme anyone who has multiple sources of income does to keep their money and not have to pay taxes. You intentionally make a venture a net loss and then you can use that loss as a tax credit on your profitable businesses so on the books it looks like you aren't making money when in reality you are making a lot of money. Completely legal and exactly how the government intended it to be used by themselves and their buddies regardless of what a specific group in the government claims whenever trying to seek re-election.

Wall Street finances 1000s of zombies.

@@thealmightyjack Certain groups when not in power: "We will close tax loopholes and make the wealthy pay their share!" The same groups when in power: "Tax loopholes? Never met her."

dont buy anything rn wtf buy storable food n shit ... buy generators and solar panels cause energy crisis and food crisis hasn't even started yet

Hmmmm, what the fuck are you talking about?😂 New GTR orders? Come to Chicago, the Nissandealership down my street is taking orders for new ones with only like $10k+ ish tacked onto the msrp. (Friend was seriously looking the other month) There’s also 6 used GTR’s on Autotempest, all in the $70,000 range…

@@mro4ts457 I found 3 online (not Autotempest) in my state. I don’t buy used. When I talked to the dealers, their prices were firm at $250-$260k for their GT-R Premiums. I found one for the $140,710 MSRP but it was in transit and the dealer couldn’t guarantee they’d sell at MSRP.

@@codyash3802 If you’re buying a new one anyways, don’t buy an already built one, ask the dealerships what it takes to special order a new one to your personalized spec*

@@mro4ts457 Idk. I’m not deadset on a GT-R. Maybe someday, sure. But I’m just trying to swap my GT500 for something AWD but still fun to drive. My winters get intense sometimes, so it just hangs out in the garage all season. I’ve been looking at some RS7’s too. I just remember a few videos ago when Tyler was talking about selling off his fleet and the crazy market and thought I’d mention the prices I’ve recently been quoted 😅 I can’t remember what he said it was or even the price but I remember him saying something about one he’d looked at was a used car that was averaging more as a used car than it sold for as new. And that dealers were adding $100k over MSRP on certain models.

it's a basic tax evasion scheme most people who have businesses use. Make one of your business ventures lose money on the books and you can use the losses as tax credits to avoid paying them on more profitable businesses in the tax year. Now it isn't illegal, because the government made the rules this way despite what a specific group of politicians who are directly responsible for writing these rules for their own benefit wants you to believe so he's merely using the system to his advantage.

@@thealmightyjack Didn't say he was about to do something illegal. Was just wondering what would've be the advantage of selling cars with losses.

@@chassegallerie2910 wasn't accusing you of doing so, just mentioning that what he's doing is in fact legal and a common thing people with money do to keep their money. Essentially his KZfaq and other business contracts like TV shows and car show appearances make him a lot of money he has to pay a large business tax on so if he owns a shell company that loses money, he can claim the loss in profit as tax credits to avoid paying most if not all taxes come tax season. And it makes sense if his shell company also gives him a dealer's license so he can avoid paying taxes on the purchasing and sale of his cars on top of it.

Because it is funny

@@thealmightyjack I don't mean to be anal about it, but this is tax avoidance, not tax evasion. Tax avoidance is legal, tax evasion isn't. Now there's a whole other discussion to be had about whether this kind of tax avoidance should be legal (I don't think it should) but that's a whole other rabbit hole.