More and more people are beginning to realize that they are losing too much money in the form of government taxes. For those who go out every day and have a conventional job, the government rewards them by taking thirty-five percent of their earnings. In essence, the more a person works for a living, the more money the government takes from them. Unfortunately, excessive taxes hinder a citizen’s ability to achieve the American Dream.
The best tax breaks
Real estate investors get some of the best tax breaks legally available. Conventional workers have to pay federal withholding tax, state unemployment insurance, social security tax, and Medicare tax. Smart people are making a lot of money while reducing taxable income through real estate investments.
Reduce your tax debt
As stated before, the average worker pays around thirty-five percent of their earnings in taxes. That’s a lot of money. You can eliminate all those crazy taxes by investing in rental properties in Florida. It is true that he will have to report and pay taxes on his rental income. These taxes can be offset by any mortgage interest paid on the properties, property taxes, maintenance and repairs, depreciation, and even any fees paid to a property management company. Often the cost of owning the rental property covers the taxes that would be owed to the Internal Revenue Service. Those who are wise enough to reduce taxable income through real estate investments are making money hand over fist. You can do this too.
Just say no!
You can stop being overtaxed by the government by investing in real estate. It doesn’t make good financial sense to send more than a third of your earnings to the Internal Revenue Service. Why would you be slaving away at a conventional job while the government keeps a large chunk of your profits, when you could relax and keep all the profits from owning rental property? The choice should be a no-brainer.
ask your accountant
Naturally, everyone’s finances are different. It would be wise of you to contact a local accountant for a consultation on how reducing taxable income through real estate investments will help your bottom line. You will be pleasantly surprised to learn how much money you will save when you buy rental properties in Florida. Preserving your wealth for your future and that of your family is much better than giving it to the government.