Benjamin Franklin said, “Nothing is certain but death and taxes.” No matter how hard you try to avoid them, there comes a time when you’ll have to face one, and then the other. Taxes are generally an obligation most people prefer to pay on a minimal basis. Taxpayers will give their best effort to reduce the portion of their income payable to Uncle Sam.
While it is possible to discover loopholes that will reduce your total tax owed, maximizing after-tax income can take a considerable amount of time, expense, and creativity. And that rings just as true if you own property.
