President Donald Trump suggested eliminating income taxes and funding the government through tariff revenues. Critics doubt the feasibility of replacing $2 trillion in income tax revenue with tariffs. Despite this, the deficit remains significant. Investors can use strategies like borrowing against stocks or investing in the S&P 500 to minimize tax burdens and grow wealth.
Real estate offers generous tax benefits, including deductions for expenses like mortgage interest and property taxes. Depreciation allows investors to deduct the gradual wear and tear of a property. This asset class remains accessible to all investors, providing opportunities for wealth building through tax advantages. Crowdfunding platforms like Arrived offer an easier way to invest in shares of rental homes with as little as $100. First National Realty Partners allows accredited investors to own a share of grocery-anchored commercial properties leased by national brands like Whole Foods, Kroger, and Walmart. Range helps high-income households reduce their tax burden and manage their financial life with flat-fee pricing and investment advisory services.
Investors can browse properties and book a free demo with the Range team for personalized financial advice. Both platforms provide a streamlined and cost-effective way to invest in real estate and manage taxes without traditional advisor fees. Arrived and FNRP offer opportunities for investors to diversify their portfolios and generate passive income from essential goods properties. 1. The United States government recently announced plans to provide free N95 masks to Americans as part of efforts to combat the spread of COVID-19. The masks will be available at pharmacies and community health centers starting next week.
2. Google has unveiled plans to invest $1 billion in partnerships with news publishers worldwide. The tech giant aims to help journalism thrive in the digital age by building products and programs to support news organizations.
3. Scientists have discovered a new species of monkey in Myanmar, named Popa langur. This endangered primate is found in a small forested area and is believed to number only around 200 individuals. Conservation efforts are being put in place to protect the species.
4. The Winter Olympics in Beijing have officially begun, with athletes from around the world gathering to compete in various events. This year’s games will see a focus on sustainability and environmental protection, with efforts to reduce carbon emissions and promote eco-friendly practices.
Read more at Yahoo Finance: Trump says he may cut income tax ‘completely’ because tariff revenue will be ‘so large.’ Here’s how the math adds up