A Background Of Taxes - Part 1: Difference between revisions

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Revision as of 22:43, 1 September 2026


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We hear a lot about income taxes, however most people don't know just how much income-related taxes they're getting to pay. We're taxed by both our federal government and our state. People have federal government takes the lion's share, I'll pay its free stuff.

You execute even better than the capital gains rate if, as an alternative to selling, you can get do a cash-out re-finance. The proceeds are tax-free! By time you figure in taxes and selling costs, you could come out better by re-financing with more cash in your pocket than if you sold it outright, plus you still own your home and in order to benefit throughout the income on!

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