The Tax Benefits Of Real Estate Investing: Difference between revisions
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Revision as of 18:38, 22 January 2025
The courts have generally held that direct taxes are limited to taxes on people (variously called capitation, poll tax or head tax) and property. (Penn Mutual Indemnity Organization. v. C.I.R., 227 F.2d 16, 19-20 (3rd Cir. 1960).) All the taxes are typically called "indirect taxes," because they tax an event, rather than particular or property as such. (Steward Machine Co. v. Davis, 301 U.S. 548, 581-582 (1937).) What were a straightforward limitation on the power of the legislature based on the subject of the tax proved inexact and unclear when applied for income tax, which could be arguably viewed either as a direct or an indirect tax.
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Monitor adjustments to tax regulations. Monitor changes in tax law throughout 2010 transfer pricing to proactively reduce your tax benjamin. Keep an eye on new credits and deductions as well as those that you might have been eligible for in prior that will phase down.
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