Property Can Help Lighten Tax Burden

Summary


As Ben Franklin wrote in his 1789 letter to French scientist and author Jean-Baptiste Leroy, "Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes."

The tax burden has waxed and waned since Uncle Sam first imposed personal income taxes in 1913 (back then tax rates ranged from 1 to 7 percent; today, they are 10 to 35 percent), but the statement still rings true.

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Extract


Property Can Help Lighten Tax Burden

Though tax season conjures up feelings of dread for most of us, there are ways to ease the pain of the loathed annual process. You probably know home mortgage interest and property taxes are two of your most valuable ...

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