Arcane Tax Tip Patrick O Connor Sam sold 2 commercial properties in June 2008 and was discussing tax planning with his CPA and cost segregation provider. The sales price for the properties was $5.2 million and $3.3 million. Sam had owned both properties for about 8 years. The cost segregation specialist estimated
Cheap jerseys from China Sam could save more than $175,000 in 2008 income taxes. This would be accomplished by using cost segregation and catching up previously under reported depreciation. Sam has passive income from oil and gas investments and from his real estate. Sam is in the property management business and is actively involved in managing his real estate investments. Sam TMs net income from his management company is about $400,000 per year. The fascinating question is, how does Sam reduce his income taxes by over $175,000 after he sold the properties? Tax Rate Arbitrage Sam is benefiting from tax rate arbitrage. The income tax rate for Sam on ordinary income is 35%. His capital gains rate is 15%
Facts About Ray Lewis’ Life Some people are sorted about what they want from life and they make sure they harness every opportunity life gives them to
Cheap NFL jerseys make it big in life. Such people are definitely admired and set an example for the rest. Ray Anthony Lewis one such admired person. Who knew this small guy from a small city of Florida would make it so big in life. At present, according to the official site of NFL, Ray Lewis is rated the 18th best NFL player of all time. Ray Lewis was born in a small city of Florida called Lakeland. He completed his schooling from Kathleen High and attended college at the University of Miami. He played American football during his school days and was a part of the All American Troop, which is an association that includes outstanding, but amateur players. When in college, during the final year, Ray decided to forgo his college eligibility to play the NFL draft 1996. He was selected by the Baltimore Ravens (NFL team) in the very first round. Lately, in the year 2004, Ray earned his Degree in Arts and Science from the University of Maryland. Sun Sign185 cms250 poundsKathleen High , Lakeland in Polk County, Florida, United StatesUniversity of Miami, United StatesBaltimore, AFC (American Football Conference) North Team.