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Only 10% have other income than W2? That doesnt reflect IRS data. Just capital/gains losses is 20%, then self-employment income is another 20%, real estate or
by refurb 4y ago
Only 10% have other income than W2?
That doesnt reflect IRS data.
Just capital/gains losses is 20%, then self-employment income is another 20%, real estate or S-corp is another 10%, etc
Sure there is overlap, but it’s not 100% across all those. And its not like if youre not taking advantage of those things now you cant in the future.
https://www.irs.gov/pub/irs-soi/22inweek47.xls https://www.irs.gov/pub/irs-soi/22inweek47.xls
- MechanicalTim 4y agoThanks for posting the raw data, it's super interesting and I wasn't able to find it on my own. I think we are mostly in alignment, I have just been focused on "how to lower taxes on W2 income" where your point is that anyone can diversify their income streams and find opportunities with lower tax rates. Anyway, I appreciate the info you shared. Cheers.