Choosing Your Level Of Taxation

A little known tax law lets you decide how much taxes you want to pay on your net income. By making that choice you are also bracketing that income away from your personal spending capacity and dedicating it to investing in the same or any other qualified investment. You can not invest in personal property or such property that constitutes a collection or a hobby but you can invest in other legitimate investments. You can reinvest it in the same business as long as the basis does not exceed 49% of the ownership. We are talking arms length investments where some other entity is controlling the operation of the company.
Once again I would suggest that you find a real estate law firm or an attorney that understands taxation and business structure so to help you navigate the complicated tax laws in your state.

We will provide a further report entitled “Forming a Checkbook IRA Account” in a little while.

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