Real Estate Investor · Member since 2008 · 56 posts · 0 votes
For those who are lucky enough to make over $450k/year, what changes are you making?
From what I understand
1) tax rate goes up to 39.5%
2) you cannot take mortgage deductions anymore?
3) dividends from your corporation will be taxed at 20%
anything else? how do you protect your earnings besides maxing out on your sepIRA?
is it worth it to keep a home mortgage or should you just go and pay it off early?
does it still make sense to invest in real estate?
I know this is a great problem to have but it sucks to have 52% of your pay go to taxes after factoring in CA state taxes!