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A Landlord Making $75,000 a Year Could End Up in the Millionaire Tax Bracket
(
wsj.com
)
1 point
by
refurb
on Aug 1, 2021
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2 comments
handmodel
on Aug 1, 2021
[–]
I can't read the full article but it says the man is selling a building for 2,000,000.
It seems logical that this type of profit being taxed heavily.
quickthrower2
on Aug 1, 2021
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parent
[–]
Only having 400k after paying mortgage sounds like some equity has been drawn in the past too. Mortgage should be near zero on this.
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It seems logical that this type of profit being taxed heavily.