By Renting you are throwing away 60% of your income? Let me show you how paying $1,500 a month in rent will result in you throwing away $45,000 a year! Renting… Gross income for the year. $75,000 Puts you in a 37% tax bracket (federal and state combined) 75000 x 37% = $27,750 Rent is $1500 a month. 1500 x 12 = $18,000 61% of your income is being thrown out the window!!! 27,750 + 18,000 = $45,750 Now we can find you a home with a payment of $2500 a month, lets see what that does for the numbers. Owning… Gross income for the year. $75,000 Mortgage interest for the year. 12 x 2500 = $30,000 Taxable income for the year. $45,000 Puts you in a 33% tax bracket (federal and state combined) 45000 x 33% = $14,850 There is no way to beat the system, but this is how the system can work for you!!! Tax money now going toward your future! $12,900 Rent money now going towards equity! $18,000 Owning instantly puts all this money that your were throwing out the window towards your future! With out effecting your life style at all. $30,900 Who can afford not to own a home? Call today for your FREE consultation. |
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