Infrastructure assets, like toll roads, airports, and power generation facilities also throw off income and appreciate during inflation, and are a top choice for larger investors.
Another 7.5 million filers think they're done, but are going to hear otherwise from the IRS. This includes 3 million who will receive "math error" letters telling them they've made some computational or other mistake, and 3 million who will get "automated underreporter" notices stating they appear to have left off income reported to the IRS by a third party.
Stop buying assets that throw off taxable income, like junk bonds and shares of Verizon.
Individuals who lived off investment income would pay no tax (although that income would have been taxed once already at the corporate level).
Unlike the lifestyle designer types, they have no illusions about living off passive income streams on a beach somewhere, sipping Pina Coladas and working four hours a week.
Collections of properties that kick off rental income, REITs have clocked an annual 24% total return--that's appreciation plus dividends--over the past three years, versus the broad stock index's 7.5%.
Its 3% yield may put off some income-hungry investors, but Kilroy has shown it can grow even in a weak economy and has good strategic focus, with a dominant position in its geographic centers.
The Hundts went from a combined seven-figure income to living off of George's masonry income and some savings.
Another scenario where a SIMPLE makes sense is a dual-earner couple who can live off of one income.
Would they be willing to personally sign off on the income tax code they've been creating over the years?
In the real world most people live off of the income they have.
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Economists have usually explained poor people's counter-intuitive disdain for something that might make them better off by invoking income mobility.
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Would they be willing to personally sign off on the income tax code they have been creating over the years?
Millions of people would be off the federal income-tax rolls.
Because of that, and the 33% cut in the bottom tax rate, nearly 8 million more people dropped off the federal income tax rolls entirely, paying zero federal income taxes.
But why should Californians move to Arizona to save 5% or more off their personal income tax burdens when they could move to a dry, sunny climate nearby and pay no state income tax?
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Carmel and go back to live with his mother in the old house in Tel Ilan, to live off the rental income from the two apartments in Haifa that he owned, and to devote himself to his hobby, building model airplanes.
Yes, Ed had looked at the IRS publications and knew there was a big gotcha in the tax code: Rental losses are considered "passive losses" and can generally be written off only against income from other passive activities--for example, from other rentals or an S corporation or a private partnership you don't help run.
All of these changes would very likely knock even more high-income households off the rolls.
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The trade-off between higher portfolio income and wealth preservation is one that many AAII members face.
For a country like Portugal, that will turn many US fixed income investors off from Portuguese government bonds.
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Fourth-quarter 2000 revenues in the television division of Martha Stewart Living Omnimedia were down 3.2% and operating income was off almost 9%.
They actually end up far worse off than people on Income Support.
For many people this can mean destitution on top of loss of income, as medical bills pile up just as income trickles off.
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But some in the industry warned that if they clamp down too hard, they'll cut lower-income people off from homeownership with good lenders.
Car manufacturers have seen sales of their smaller, mass-market models fall off, with lower income buyers unable to afford new cars in the economic downturn.
These companies are looking for a way to make money on their products without first having to siphon off a portion their income to Microsoft.
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Unscrupulous advisors prey on the elderly who, living off of a fixed income, are very sensitive to taxes as a meaningful factor over which they have no control.
Foolishly California continues to live off a highly volatile income and sales tax system, with the legislature adding spending in good times, but then through welfare also in bad times.
The politics of the problems are becoming impossible because more and more people (who vote) are living off fewer and fewer income earners (who vote too, but are increasingly in the minority).
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