I do not think the statement is fair.

来源: sweetptt 于 2011-11-02 16:40:48 [] [博客] [旧帖] [给我悄悄话] 阅读数 : (580 bytes)
本帖于 2011-11-03 15:16:07 时间, 由普通用户 jy101 编辑
回答: you guys don't pay federal income tax 由 秋色满院 于 2011-11-02 16:08:51

For example, JY101 has 134 units, if the average of his mixture of SFH and multi-family homes is $100K, and he pays 1% for property tax, that is $134K in tax per year.

The repair cost for 134 units will be around $40K material and $40K labor per year, and assume 7% sales tax, he paid another $2.8K in materials, and $30K for FICA and Medicare tax.

He also need renovate new acquisitions, say $75K in labor and $75K in material per year, The tax rate is same as the repair cost at about $5.5K.

See how much he pays to the government. It is enormous.

所有跟帖： 

• well the 30K FICA will be eliminated with 999 -秋色满院- ♀ 给 秋色满院 发送悄悄话 秋色满院 的博客首页 (115 bytes) () 11/02/2011 postreply 16:46:19

• you mean no social security tax? Are we going to close SS progra -sweetptt- ♂ 给 sweetptt 发送悄悄话 sweetptt 的博客首页 (0 bytes) () 11/02/2011 postreply 16:49:07

• no payroll tax. don't know about ss programs -秋色满院- ♀ 给 秋色满院 发送悄悄话 秋色满院 的博客首页 (0 bytes) () 11/02/2011 postreply 17:02:10

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