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#1 |
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I love free!
![]() ![]() Join Date: Apr 2003
Location: LA, California
Posts: 2,976
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Similiar to this thread : http://www.gotapex.com/forums/showthread.php?t=73825 (List of Realized/taxable income)
Just want to start making a list on what are Unrealized income, basically the book said, the best way to accumulate wealth is through unrealized income. From what i know now Municipal Bond -tax free IRA - deferred Stocks - can appreciate, will be taxed if sold anymore Investment property (appreciation of the property is only taxed when you sell the property)tax free for 250K single, 500k for couple ==edited Any personal use property (not cars, boats, etc..) - appreciation isn't taxed at all (up to a certain amount, which I think is pretty high) if you have lived in the house for 2 of the last 5 years~~~ from gui Insurance: VUL and annuities = newly added Last edited by cheapchinese : 04-15-2004 at 02:25 AM. |
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#2 |
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Admiral
![]() ![]() ![]() ![]() ![]() Join Date: Nov 2001
Location: East coast
Posts: 5,941
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How about:
Investment property (appreciation of the property is only taxed when you sell the property) Any personal use property (not cars, boats, etc..) - appreciation isn't taxed at all (up to a certain amount, which I think is pretty high) if you have lived in the house for 2 of the last 5 years. |
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#3 |
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I love free!
![]() ![]() Join Date: Apr 2003
Location: LA, California
Posts: 2,976
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how does Ross Perot do it, anyone know?
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#4 | |
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Admiral
![]() ![]() ![]() ![]() ![]() Join Date: Nov 2001
Location: East coast
Posts: 5,941
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Quote:
I found out from the "sister" thread to this one that you can 250k in gains (500k for married peeps) of gains on any property that you have lived in for 2 of the last 5 years. |
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#5 |
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I love free!
![]() ![]() Join Date: Apr 2003
Location: LA, California
Posts: 2,976
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i just added VUL and annuities
hope this list can help people that are in the working class |
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