Difference between revisions of "A Reputation Taxes - Part 1"
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Latest revision as of 08:02, 1 November 2024
Note: The article author is not a CPA or tax qualified. This article is for general information purposes, and might not be construed as tax details. Readers are strongly asked to consult their tax professional regarding their personal tax situation.
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For example, most of folks will adore the 25% federal taxes rate, and let's guess that our state income tax rate is 3%. Delivers us a marginal tax rate of 28%. We subtract.28 from 1.00 starting.72 or 72%. This means which non-taxable price of 8.6% would be the same return as a taxable rate of 5%. That was derived by multiplying 5% by 72%. So any non-taxable return greater than 3.6% might possibly be preferable in order to some taxable rate of 5%.
In our software company there are two to be able to build wealth and which through intellectual property and maintenance paperwork. These two things used together will build a specialist that could be sold for 2-4X revenues. Now to foster that investment with leverage, I use the "Infinite Banking Concept" to lend money on the business through "my own bank." The money enterprise enterprise pays me comes back as investment income as a result lower overtax. The new revenue extra transfer pricing maintenance contracts bring foster new deals. The next step will be use "good debt" to leverage our coverage and purchase more maintenance contract revenue with our software device.
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