Looking for tax information and how it impacts your cash flow?
Taxes certainly impact the cash flow of a business or personal investors. I came across this blog and I'm passing it on because it contains excellent information from a knowledgable source:
Don't Mess with Taxes
This is also a good example of how to present yourself authoritatively online.
My personal interest right now is in the capital gains tax. I invested in a home in western Pennsylvania, had it fixed up and now we're in the process of selling it.
I wrote this article about my views of capital gains and how a higher rate could hurt the middle class by making investors cautious. The result being a lot of tradespeople could be impacted.
Taxing Capital Gains
Real life real estate investing can teach you a great deal about the truth of taxing capital gains.
My wife and I bought an investment property in western Pennsylvania and we fixed it up to re-sell. Of course, if I own it less than a year there's a higher rate for capital gains to sell it.
Is that fair?
Here's an article I wrote about the problem with taxing capital gains and why I believe it can hurt middle income investors. Senator Obama wants to raise capital gains in the guise of "tax relief for the middle income."
I believe his proposals will certainly cause middle income investors like myself to consider whether or not they should invest and sell.
I simply don't believe a capital gains tax is logical, especially if taxes and permits are being paid locally. This week, I'll make it my effort to educate readers about capital gains and the need for lower, not higher rates.
