Normal people work their whole lives and save nothing.Be extra ordinary @Johanna Anderson.  

I think the income type will be the same as ordinary income, but not sure. 

He'll pay taxes on the income from the property at ordinary income levels, but nothing for the refinance action. 

If by short term flips you mean wholesaling and doing assignments, then profits are ordinary income.

I'm also a great resource for your visiting guests on Shopping, Eateries, The Arts...I've provided services that take you from ordinary"HOST" to "SUPER HOST" !

The rates you've mentioned don't seem too out of the ordinary, but I don't want to make assumptions since I don't have the full picture and there are multiple variables taken into account here. 

Are you getting a deduction that will offset the real estate capital gains and then recognizing the gains as ordinary income throughout the period the SPIA is paying out? 

Account Closed For number 2, the long-term capital gains tax rates replace the ordinary income tax rates. 

So the profits are subject to all taxes included self-employment taxes as if it was ordinary earned income. 

I believe it is ordinary income and taxed at my personal income tax rate.