ilmscore | Prediction Details
"but when you own a business or if you own real estate Investments now it's kind of flipped now what you do is you make money and then you pay for your expenses now of course you can't write off things that aren't related to your business but you have to be smart here and your accountant is going to work with you to see how you can write off the most things possible legally that way now you can file more expenses legally no you pay these expenses and then you pay taxes on whatever's left that means now you have a lower taxable income if you have a lower taxable income that's a lower tax bracket meaning lower tax rates not only are you paying less dollars in taxes but you're also paying a lower tax rate"
By Minority Mindset | December 3, 2023 | Pending
From video
Make Your First Million In Real Estate 00:06:46 - 00:07:28
Interpreted Prediction
Business and real estate investors pay expenses before taxes, resulting in lower taxable income, a lower tax bracket, and reduced tax rates, unlike employees who pay taxes before expenses.

Prediction Details

Topic
Tax Brackets and Expenses

Comments

0 comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.