How a Landlord Making $75
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How a Landlord Making $75 (by Bill [KY]) Jul 31, 2021 5:59 PM
       How a Landlord Making $75 (by J [FL]) Aug 1, 2021 8:30 AM
       How a Landlord Making $75 (by Small potatoes [NY]) Aug 1, 2021 10:39 AM
       How a Landlord Making $75 (by J [FL]) Aug 1, 2021 11:07 AM
       How a Landlord Making $75 (by JB [OR]) Aug 1, 2021 11:18 AM
       How a Landlord Making $75 (by plenty [MO]) Aug 1, 2021 11:24 AM
       How a Landlord Making $75 (by Small potatoes [NY]) Aug 1, 2021 11:05 PM
       How a Landlord Making $75 (by JB [OR]) Aug 1, 2021 11:38 PM
       How a Landlord Making $75 (by Ray-N-Pa [PA]) Aug 2, 2021 3:52 PM
       How a Landlord Making $75 (by Bill [KY]) Aug 2, 2021 9:52 PM

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How a Landlord Making $75 (by Bill [KY]) Posted on: Jul 31, 2021 5:59 PM
Message:

Good article on front page of wsj….landlord voted for B and is now finding out what the capital gains tax bill is under B.

--107.77.xxx.xx




How a Landlord Making $75 (by J [FL]) Posted on: Aug 1, 2021 8:30 AM
Message:

Thanks Bill...but I tried to open the article and there was a paywall? --72.188.xxx.xxx




How a Landlord Making $75 (by Small potatoes [NY]) Posted on: Aug 1, 2021 10:39 AM
Message:

Bill what day was the article? --24.194.xxx.xxx




How a Landlord Making $75 (by J [FL]) Posted on: Aug 1, 2021 11:07 AM
Message:

Small Potatoes,

Just do a web search for "Landlord" "75,000", "WSJ" and you will find the article. But there's a paywall. --72.188.xxx.xxx




How a Landlord Making $75 (by JB [OR]) Posted on: Aug 1, 2021 11:18 AM
Message:

Bill, it would be helpful if you would post at least the highlights of the article here. --73.25.xx.xxx




How a Landlord Making $75 (by plenty [MO]) Posted on: Aug 1, 2021 11:24 AM
Message:

Following. --172.56.xx.xxx




How a Landlord Making $75 (by Small potatoes [NY]) Posted on: Aug 1, 2021 11:05 PM
Message:

It's the Friday paper I hadn't read yet.

In summary the guy has 40 units, and pays himself 75k a year. He purchased them for 1.3M in 94, and invested 500K in capital improvements. He asked his acct to run the numbers.

"Under current rates, Mr. Settle’s tax adviser estimates that he would pay just under $500,000 in federal taxes on such a sale. That would leave him with about $800,000 after paying the mortgage, state and local taxes. Under the Biden plan, Mr. Settle would owe around $390,000 more in taxes, leaving him with about $400,000, his tax adviser estimates.

Many technical details of the Biden plan remain unclear, making it difficult to determine exactly how much more Mr. Settle would owe. Four other tax professionals The Wall Street Journal contacted estimated he would owe between about $225,000 and $345,000 in additional taxes."

He heard Biden might make the rate increase retroactive from 4/21 and decided hang on to it if that happens.

--24.194.xxx.xxx




How a Landlord Making $75 (by JB [OR]) Posted on: Aug 1, 2021 11:38 PM
Message:

Thanks for the summary, SP.

Sounds like he got what he deserved. If he wanted something different he should have considered the consequences when he was voting. --73.25.xx.xxx




How a Landlord Making $75 (by Ray-N-Pa [PA]) Posted on: Aug 2, 2021 3:52 PM
Message:

Tax system would be easier to understand if the professionals within the field could actually agree on the numbers.

Just the same, thanks for shedding light to this matter. Will it change things? Nope

The have nots will cry foul - that the guys will is making $400,000 that they should be getting since they help pay the place off.

Sad state of affairs if you ask me --24.101.xxx.xxx




How a Landlord Making $75 (by Bill [KY]) Posted on: Aug 2, 2021 9:52 PM
Message:

texasnewstoday.com/if-a-landlord-earns-75000-a-year-it-could-become-a-tax-bracket-for-millionaires/391136/ --98.23.xx.xxx



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