Paying Taxes Can Tax The Better Of Us: Difference between revisions
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Revision as of 15:52, 17 September 2024
How a large amount of you would agree that the greatest expense you may have in your lifetime is taxes? Real estate can allow you avoid taxes legally. There is a distinction between tax evasion and tax avoidance. We want to consider advantage of your legal tax 'loopholes' that Congress allows us to take, because given that founding with the United States, the laws have favored property business. Today, the tax laws still contain 'loopholes' for real estate real estate investors. Congress gives you all kinds of financial reasons make investments in real estate.
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For my wife, she was paid $54,187, which she is not taxed on for Social Security or Healthcare. She gets to put 14.82% towards her pension by law, making her federal taxable earnings $46,157.
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