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re: Minimizing Tax Bill

Posted on 4/26/24 at 1:04 pm to
Posted by mule74
Watersound Beach
Member since Nov 2004
11311 posts
Posted on 4/26/24 at 1:04 pm to
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.
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