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by refurb
1180 days ago
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Only 10% have other income than W2? That doesnt reflect IRS data. Just capital/gains losses is 20%, then self-employment income is another 20%, real estate or S-corp is another 10%, etc Sure there is overlap, but it’s not 100% across all those. And its not like if youre not taking advantage of those things now you cant in the future. https://www.irs.gov/pub/irs-soi/22inweek47.xls |
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I think we are mostly in alignment, I have just been focused on "how to lower taxes on W2 income" where your point is that anyone can diversify their income streams and find opportunities with lower tax rates.
Anyway, I appreciate the info you shared. Cheers.