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Listen "EP22 | How Use Your Tax Dollars To Invest In Property"
Episode Synopsis
In this episode, Allan and John discuss how to reduce your tax through property investing. They highlight the significance of paying close to a million dollars in taxes over a career and emphasize the importance of understanding the potential tax benefits of property investing.
💰 Paying close to a million dollars in taxes over a career is a significant amount of money.
💼 Couples working together could potentially pay over $2 million in taxes over their careers.
🏠 Property investing can help you get a significant portion of that money back through tax benefits.
💸 Even getting back 20% or 10% of the taxes paid can result in substantial savings.
📊 The example discussed in the episode shows the potential negative cash flow of a property investment.
🏦 However, tax deductions, including depreciation, can significantly reduce the net cost of holding the property.
🧮 Understanding the tax benefits of property investing is crucial for maximizing returns.
💰 Paying close to a million dollars in taxes over a career is a significant amount of money.
💼 Couples working together could potentially pay over $2 million in taxes over their careers.
🏠 Property investing can help you get a significant portion of that money back through tax benefits.
💸 Even getting back 20% or 10% of the taxes paid can result in substantial savings.
📊 The example discussed in the episode shows the potential negative cash flow of a property investment.
🏦 However, tax deductions, including depreciation, can significantly reduce the net cost of holding the property.
🧮 Understanding the tax benefits of property investing is crucial for maximizing returns.
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