The Tax Benefits Of Real Estate Investing: Difference between revisions
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Revision as of 00:23, 6 October 2024
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Muni bonds should be owned transfer pricing within your taxable brokerage accounts, and do not in your IRA or 401K accounts because income in those accounts is already tax-deferred.
For his 'payroll' tax as a staff he pays 7.65% of his $80,000 which is $6,120. His employer, though, must spend same 7th.65% - another $6,120. So among the employee and his employer, the fed gets 15.3% of his $80,000 which to be able to $12,240. Keep in mind that an employee costs an employer his income plus 4.65% more.
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