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Reducing Taxable Income Through Real Estate Investments

More and more people are starting to realize that they are losing too much of their money in the form of government taxes. For those who go out every day and work in a traditional job, the government rewards them with thirty-five percent of their income. Basically, the more a person works for his livelihood, the more money the government takes from him. Unfortunately, high 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. Traditional workers have to pay federal withholding tax, state unemployment insurance, social security tax and Medicare tax. Smart people also make serious money by reducing taxable income with real estate investments.

Reduce Your Tax Debt

As mentioned earlier, the average worker pays thirty-five percent of their income in taxes. This is a lot of money. You can avoid all those crazy taxes by investing in Florida rental properties. It is true that you will need to declare and pay taxes on your rental income. These taxes can be offset by any mortgage interest charged on real estate taxes, maintenance and repairs, appraisals and even any fees paid to a property management company. Often times, the cost of owning a rental property covers the taxes that will be due to the Internal Revenue Service. Those who are smart enough to reduce tax revenue through real estate investments are cashing in. You can do this too.

Just Say NO!

You can easily avoid additional taxes by the government by investing in real estate. It doesn’t make good financial sense to send more than a third of your income to the Internal Revenue Service. Why would you be a slave to a conventional job when the government takes a huge chunk of your income, when you can relax and keep all the profits of owning rental properties? The choice should be mindless.

Ask your Account

Naturally, everyone’s finances are different. It would be wise of you to contact a local accountant for advice on how reducing your taxable income with real estate investments will help your bottom line. You will be pleasantly surprised to learn how much money you will save by buying rental properties in Florida. It is better to protect your wealth for your future and your family’s future than to give it to the government.

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