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re: Minimizing Tax Bill
Posted on 4/26/24 at 1:04 pm to Boss
Posted on 4/26/24 at 1:04 pm to Boss
My wife and I are both high W2 wage earners. There isn’t much you can do about that.
The tax code is written to benefit the ultra rich. Real estate, interest, corporate borrowing. There are a lot of ways to use money to make more money at low tax thresholds.
We have been building up money for several years and have started to buy and build rental properties. We alone created a holding company for our property.
We still eat it on the annual earnings but we hope to use that money way to make more money at lower rates.
The tax code is written to benefit the ultra rich. Real estate, interest, corporate borrowing. There are a lot of ways to use money to make more money at low tax thresholds.
We have been building up money for several years and have started to buy and build rental properties. We alone created a holding company for our property.
We still eat it on the annual earnings but we hope to use that money way to make more money at lower rates.
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