As a business owner you receive many tax breaks and deductions. The IRS tax code favors business owners on their taxes. With 100 tax advantages for business owners and 300 for real estate investors, it makes paying taxes fun.
1. Business owners provide jobs, insurance, income, and other facets for people.
2. Real Estate investors provide shelter for individuals and families.
These 2 things alone give power to the credence of giving those who do own/control businesses and real estate a tax break.
Remember, the best tax advantage for middle-income families is to start a business.
As the business starts generating money, you can put some off to the side and start investing. Now your money is working hard for you. Once this process starts, more opportunities arise as you are able to collateralize gaining more borrowing power. Tax breaks and deductions go along with the growth of your business and investing portfolio.
Taxes are always a rough and tough topic. Usually these words are expressed from those who work for someone else and don't know the power of business ownership and real estate investing.
Take advantage of lowering your tax bracket! Contact me!
Tony
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