Have you been paying attention to the presidential race?
These are certainly interesting times.
In fact, I’ve seen a bunch of stuff that I’ve never seen before. However, not everything is new. The top candidates on both sides are attacking each other like there is no tomorrow.
Take for example this ad for Hillary Clinton on youtube.
Make no mistake, this is going to be a season of negative ads and personal attacks on both sides. It’s called mudslinging for a reason.
You see, this post isn’t about Donald Trump, Hillary Clinton, or some other candidate. This post is about real estate, taxes, and why I believe Donald Trump hasn’t released his tax records.
So if you haven’t been paying attention, let me catch you up to speed…
- CNN – Trump on his tax rate: “None of your business”
- ABC – Donald Trump Refuses to Reveal His Tax Rate: “It’s None of Your Business”
- CBS – Donald Trump: My tax rate is “none of your business”
The latest hullabaloo is that Donald Trump hasn’t yet released his taxes and when asked about it said, “It’s none of your business.”
When pressed on the subject, he told George Stephanopoulos, “I fight very hard to pay as little tax as possible.”
“Fight very hard?” Why would he have to do that?
Like him or not, Donald Trump is a real estate guy. As such, he has some of the best tax advantages available to him. It’s all black and white and clearly written in the tax code.
In fact, I wouldn’t be surprised if he paid zero federal taxes last year.
He probably doesn’t want people to know that because the average person would think that he was a tax dodger or had some special rich guy loophole that he was taking advantage of.
However, the tax advantages available to real estate investors are plentiful and legal. They are written into the tax code and passed by Congress for a reason.
You see Congress uses the tax code to incent behavior that they deem beneficial to society. Providing housing for others is on the top of their list of things they want you and I to do.
The good news is that those tax benefits aren’t just for Donald Trump. They are available for you and I as well.
The key is to invest in real estate.
If you’d like to learn more about the incredible tax advantages given to real estate investors then take a look at this:
To Your Wealth!
Dennis Bethel, M.D.
P.S. If you’d like to learn more about commercial multifamily real estate passive investing without the headaches of tenants, toilets, and 2 a.m. phone calls, download your free copy of Evidence Based Investing.