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Registered
Join Date: Apr 2000
Location: Mid-life crisis, could be anywhere
Posts: 10,382
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Don't forget to add state taxes. Could be another 10% (California). It all adds up to a helluva lot more than 15%. I was part of that mad rush to purchase 1031 exchanges. If nothing else, the depreciation has helped me to HUGE tax savings. You need to look at the big picture.
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'95 993 C4 Cabriolet
Bunch of motorcycles
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