Miami Downtown Development Authority Chief of Economic Development and Strategy, MJ Green joins us to talk about Miami's major moment. We dive into the challenges, such as how to bring new business in while keeping the small businesses that help create Miami's culture; the focus of the DDA on individuals: safety, cleanliness, and events and business: incentive programs, … [Read more...] about Miami Is Having A Major Moment Right Now – Interview with Miami DDA’s MJ Green
Are Capital Gains Considered Earned Income?
When you ponder the world of investing and tax planning, the distinction between various types of income becomes crucial. For investment property owners navigating their portfolio's tax implications, the question often arises: Are capital gains considered earned income? … [Read more...] about Are Capital Gains Considered Earned Income?
How Much Unearned Income Is Taxable?
Navigating the taxation of unearned income can be a nuanced journey, especially for investment property owners who often rely on passive income streams for financial growth and security. Unearned income, by definition, originates from sources where the recipient isn't actively participating, unlike wages or salaries. This type of income includes dividends, interest, rental … [Read more...] about How Much Unearned Income Is Taxable?
How To Avoid Kiddie Tax
For investment property owners, planning for your children’s financial future can be a lucrative endeavor, but there are tax implications to consider, such as the kiddie tax. The kiddie tax laws aim to prevent parents from shifting income to their children to take advantage of lower tax brackets. Understanding and strategically managing this tax can help savvy investors … [Read more...] about How To Avoid Kiddie Tax
What Is the Tax on Investment Income?
Investing in rental properties and other assets can be a rewarding endeavor not just for the potential passive income, but also for the capital appreciation over time. However, with the benefits come certain tax obligations that investors must navigate. One such tax is the Net Investment Income Tax (NIIT), which is particularly relevant for high-income earners with significant … [Read more...] about What Is the Tax on Investment Income?