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Updated over 9 years ago,
Real estate annual tax percentage
I'm wondering, with all the tax benefits to REI, what is everyone seeing as their annual tax responsibility? I know everyone will have something different, but I'm currently a W2 employee paying high tax and am trying to determine what I need to produce on a monthly/annual basis to invest full time. Obviously, the tax benefit will help, so as a buy and hold investor what amount of taxes are people seeing compared to their gross earnings?
Thanks