The Tax Benefits Of Real Estate Investing: Difference between revisions

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Latest revision as of 19:27, 22 September 2024

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Contributing a deductible $1,000 will lower the taxable income of your $30,000 every single year person from $20,650 to $19,650 and save taxes of $150 (=15% of $1000). For the $100,000 every single year person, his taxable income decreases from $90,650 to $89,650 and saves him $280 (=28% of $1000) - almost double the!

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Someone making $80,000 every is really not making a lot of hard cash. The fed's 'take' is a lot now. Taxation originally started at 1% for extremely rich. And already the government is seeking to tax you more.

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