Depreciation is helping my taxes?

[Mary Jay]

Hi guys,

I think I am starting to understand why Robert Kiyosaki always runs to buy a property when he has an income from his business.

Please correct me if I am wrong in my example:

Lets say a person makes 100K per year (for simplicity) at his/her W2 job...

Lets say that person buys a 230K rental property. So then the cost of the land is 30K for simple math and the cost of the house on that land (the improvement) is 200K.

That means that over the next 27 years ( 200k divided by 27 years= $7,407 ) that $7,407 will be subtracted from the 100K that the person made at his/her W2 job?

So now the taxable income is not 100k, but  $92,593 (100k minus $7,407=$92,593)

Am I understanding it correctly?

I am so dumb when it comes to taxes... So please forgive me, I know my question is stupid...