When I went to a realtor’s office to get a rental property, I got a tour.
I walked through the apartment, saw the big, white-and-blue door.
I said, “Hello.”
Then I was given a brochure with a picture of the house I wanted to rent.
I read the information and the brochure, then went home and put the money down.
The realtor gave me an envelope full of checks.
It was the only check I had.
I thought to myself, That’s the way the system is set up.
The IRS doesn’t want to hear about it.
That was the first thing that went through my mind when I saw the IRS brochure.
What does it say about my income?
That’s not what I earned.
What I earned was the amount I paid to the realtor.
I paid $500 in taxes and I had $500.
The brochure says that the real estate tax deduction is $100 per person per year.
I don’t know what that means.
It’s not $100.
I had a real-estate broker who told me the real-rental-tax deduction was $100 for every dollar of income.
But, for my income, the realtors only deduct $10,000 a year.
That’s a pretty big discrepancy.
So, I called my broker and said, What do you think?
He said, If you want to go to a tax-free, tax-advantaged retirement plan, you need to have more than $100,000 in assets.
But I have $30,000.
What do I do?
I didn’t even know there were such a huge difference in the amounts.
So I started to think that the IRS was not going to be happy.
But it turned out that I wasn’t alone.
The federal government doesn’t make these kinds of statements.
A lot of tax breaks are meant to be temporary, but it’s not.
It seems to me that the government is saying to me, Don’t pay taxes.
I have to pay them.
What kind of government is that?
This is the biggest problem that I have had with real estate in the last year.
Tax-free retirement plans are a great idea for people who want to get out of debt and don’t have to worry about paying taxes.
But they’re not the answer for people like me.
I can’t get out from under the mortgage and pay my taxes.
This is why I have gone to realtorship.
I want to stay home and help people.
But in the end, I have been cheated.
I think that’s why the government and the tax agencies have been so aggressive.
They’ve been looking for ways to get people to pay their taxes.
If you’re a retiree and you don’t owe taxes, then you should be able to save money.
It should be your money that you’re supposed to pay.
When I started thinking about my retirement, I thought, I’ve got enough money to live on for a while, and if I can just save enough to retire on, I’ll be in good shape.
I’ve been saving $100 a month for the past two years, but I’ve never been able to do that.
The biggest reason is that my employer has been paying a penalty.
The government says that I owe $40,000 on my home, and the realty company has paid a $10 penalty.
I’m not sure how much I owe on my property, but if I owe more than that, it’s going to go toward my retirement plan.
That will be a huge burden on me and my family.
But the real question is, Why do they think that I can afford it?
I’ve always thought I could afford to pay my fair share of taxes.
And I’ve done my homework.
I know that if I had to pay $60,000 or more in taxes each year, that would be a lot of money.
But my wife and I both earn more than we have, so we can afford to be frugal.
But what if I have a $20,000 home that I don