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Revision as of 16:57, 10 April 2025
How almost all of you would agree that the greatest expense you can have in your daily life is taxation? Real estate can assist you avoid taxes legally. There is a big difference between tax evasion and tax avoidance. We want to advantage of your legal tax 'loopholes' that Congress facilitates for us to take, because since the founding in the United States, the laws have favored property pet parents. Today, the tax laws still contain 'loopholes' the real deal estate lenders. Congress gives you a variety of financial reasons to invest in real estate.
For his 'payroll' tax as an employee he pays 7.65% of his $80,000 which is $6,120. His employer, though, must spend the money for same 7.65% - another $6,120. So involving the employee with his employer, the fed gets 15.3% of his $80,000 which comes to $12,240. Keep in mind that an employee costs a company his income plus basic steps.65% more.
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