# One Big Beautiful Bill Act-Tax Breaks 4 Ultra Wealthy **URL:** \ **Category:** Macro Economic Trends and Risks\ **Created:** [October 27, 2025, 12:54pm UTC](https://discussion.fool.com/t/one-big-beautiful-bill-act-tax-breaks-4-ultra-wealthy/121821 "2025-10-27T12:54:03Z")\ **Posts on this page:** 4\ **Page:** 1
**Author:** ![tjscott0](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/tjscott0/32/1083_2.png) [@tjscott0](https://discussion.fool.com/u/tjscott0)\ **Post date:** [October 27, 2025, 12:54pm UTC](https://discussion.fool.com/t/one-big-beautiful-bill-act-tax-breaks-4-ultra-wealthy/121821/1 "2025-10-27T12:54:03Z")
Bloomberg October 27, 2025 article. [https://archive.ph/mmm7v#selection-1405.45-1405.73](https://archive.ph/mmm7v#selection-1405.45-1405.73) _Business is booming for Dan Hurley, the founder of private jet broker Global Charter._ _The key reason: a tax break solidified in the One Big Beautiful Bill Act that allows people with businesses to fully write off purchases of private jets in the year they buy them._ _Mark Johnson, an entrepreneur who took over his family’s business three decades ago, first took advantage of the break after the 2017 legislation. At the time, he was ready to sell the company his family had owned and run for generations and was looking for a way to avoid paying millions of dollars in taxes he’d owe._ \*On the advice of his accountants, he purchased a handful of car washes in Colorado and Alabama. \* - Steve Wamhoff, federal tax policy director at the Institute on Taxation and Economic Policy think tank, called that “significant money.” He said it’s an inefficient policy because it pushes people to invest in certain assets solely because of the tax break.\* _“As a result, some people are more likely to build a car wash than build something that is really needed, like housing,” he said._ ---
**Author:** ![DrBob2](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/drbob2/32/3456_2.png) [@DrBob2](https://discussion.fool.com/u/DrBob2)\ **Post date:** [October 27, 2025, 2:10pm UTC](https://discussion.fool.com/t/one-big-beautiful-bill-act-tax-breaks-4-ultra-wealthy/121821/2 "2025-10-27T14:10:22Z")
> [@tjscott0](#): > > The key reason: a tax break solidified in the One Big Beautiful Bill Act that allows people with businesses to fully write off purchases of private jets in the year they buy them. Not limited to private jets (or commercial jets for that matter). One-year depreciation is an important part of the OBBB which I posted about earlier this year. It also applies to a small business that need a new delivery truck or a mid-size company that is equipping a new factory. DB2 ---
**Author:** ![Hawkwin](https://g.foolcdn.com/misc-assets/discourse-member-avatar_120px_green600.png) [@Hawkwin](https://discussion.fool.com/u/Hawkwin)\ **Post date:** [October 27, 2025, 2:29pm UTC](https://discussion.fool.com/t/one-big-beautiful-bill-act-tax-breaks-4-ultra-wealthy/121821/3 "2025-10-27T14:29:46Z")
> [@DrBob2](#): > > It also applies to a small business that need a new delivery truck or a mid-size company that is equipping a new factory. What I found interesting about this particular tax break is that it runs contrary to tariffs and the America First agenda since it did not make the depreciation linked to American manufactured products. It would seem to have been as easy to make that distinction (i.e. purchases from XYZ list) as it was for the EV tax credits. Seems like a missed opportunity to incentivize businesses to buy American. ---
**Author:** ![Neuromancer](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/neuromancer/32/4361_2.png) [@Neuromancer](https://discussion.fool.com/u/Neuromancer)\ **Post date:** [October 28, 2025, 7:40pm UTC](https://discussion.fool.com/t/one-big-beautiful-bill-act-tax-breaks-4-ultra-wealthy/121821/4 "2025-10-28T19:40:39Z")
> [@Hawkwin](#): > > Seems like a missed opportunity to incentivize businesses to buy American. I doubt if that was really the purpose.