The Tax Benefits Of Real Estate Investing: Difference between revisions

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If you claim 5 personal exemptions, your taxable income is reduced another $15 thousand to $23,500. Your earnings tax bill is will be approximately 3300 dollars.

For my wife, she was paid $54,187, which she isn't taxed on for Social Security or Healthcare. She has to put 14.82% towards her pension by law, making her federal taxable earnings $46,157.

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