mindpower said:
So its cheaper to pay interest on money you owe than taxes on money you make?
A sweet ass boat! Lmao!
Good luck this season doc!
yes
lets say you profit $1,000,000 from a property in a year.
A. Pay 39% federal taxes not including any state taxes which are 10% in Alabama and use the remaining $501,000 on principle
B. Use the entire $1,000,000 to buy more property and pay $50,000 in interest (5%) on the $1,000,000 which is deductible so effectively cuts the interest in half