I wasn’t worried about the safety of my funds, it was just that the agent made an error and took my funds before they were entitled to. I was looking for extra leverage as we were getting close to a deal.
Thanks for all your replies. The agent got out of this one OK as the vendor has now accepted the offer.
Just make sure you are comparing apples with apples.
If a person earns $100k and reduces their income to $20k, they must have spent $80k on something for which they can claim a ligitimate tax deduction. Using your example, they have spent $80k to save paying $37.5k in tax ($40k minus $2.5k).
This is all well and good provided the $80k has…[Read more]
If I am in the highest tax bracket, I am paying 47 cents tax in the dollar, viz a viz, I can get back 53 cents in the dollar; if I can reduce my taxable income to, for example, 20k, I am only paying 17 cents tax in the dollar, which means I get 83 cents back in the dollar.
Um…the Gov. will only give back what you have PAID in tax. If you have…[Read more]
When you’re going to live to 100 plus , your age is not so much of a factor is it? I found the free articles on the http://www.propertyinvesting.com site were good to get more of a handle on strategies, mindset, direction etc.