A lot of people prefer not paying more than they should when it comes to their taxes. Certain states tend to tax their residents more than others. This infographic from Madison Trust Company takes a look at the most taxed states:
Those of you who have bought a property in the past know that property tax can be quite exorbitant depending on the location. Have you ever wondered which cities have the lowest property tax? This infographic from RealEstateAgents visualizes that:
Everyone wants to know how the rich avoid taxes. You hear about it on the news, “billionaire pays zero dollars in taxes this year,” or “this real estate tycoon made millions but gets a tax refund!” This can seem like blatant tax abuse for those not in the investing game. Why do some people get to pay no taxes while others are stuck with a sky-high return just for working their W2 job? The answer lies in the assets you invest in.
Real estate investing is one of the most tax-advantaged assets around. As a real estate investor, you can almost automatically count on lower income taxes while making more money. Don’t believe us? In today’s Real Estate Podcast, from Real Estate Rookie, Amanda Han, CPA to top investors, on the show to explain how investors avoid taxes while still striking it rich in real estate.