Archive for February, 2006
I qualify as a real estate professional for tax purposes. I own and manage over 25 rental properties. I have not claimed that status in the past. I have recently married and my husband has retirement and investment income in excess of the maximum income amount allowed under the passive activity rules. If I make a profit from my investments, am I subject to FICA taxes on that income? Is there a downside to claiming real estate professional status?
Lilli Zaidi
Shouldn’t these two issues be treated seperately? Why link them together? The estate tax isn’t even an issue right now anyways…
Quote from the link: “The estate tax doesn’t have to be addressed until the end of 2010, when current law expires”
It’s from FOX news, so don’t give me no liberal media bull..
http://search.foxnews.com/_1_2WTRTIC02PS4KWV__info.foxnws/clickit/search?r_aid=EAD462901BD247F1A0A2BC1BB9F09B10&r_cop=main-title&r_coid=370677&rawto=http://www.foxnews.com/story/0,2933,207180,00.html
Roslyn Knieper
The investors and the wealthy are unfairly taxed in the US. People who work hard should keep all of their wealth. Investors and the wealthy should not have to pull the weight of the nation.
The lower income tax brackets need to be taxed more to instead to pay for the burden of this debt. Everyone making under 72k needs to have their taxes raised to 35%, just like the hard working people in the upper tax brackets.The poor, with their disastrous mortgages and social programs, caused this economic fiasco; they should be the ones who pay to get us out of it.
Max Michalicek

















