Posted on December 22, 2014 at 12:30pm 0 Comments 0 Favorites
As I prepare to move to California and open our SoCal office (LA), I reflect on something Phil Mickelson, Hank Moody, Shaq, Tony Robbins, and the Ex-Governator have in common…they all hated on California for its state taxes. And with an upper bracket of 13.3%, well, it’s easy to understand the frustration. Think about it, on $1M that’s $133,000 in just state taxes immediately working for the taxman, not for you. All the sun, sand, and surf can’t help ease that…
ContinuePosted on November 6, 2013 at 11:16am 0 Comments 0 Favorites
Case Study: When a 1031 Exchange fails and the client wants these funds to remain in Real Estate - the next best option.
Issue:
A client sold a highly appreciated commercial property with intent of completing a 1031 Exchange. He had one particular property in mind and thought it would easily close within the allotted 180 days. Early on in the exchange it appeared there may be some issues…
ContinuePosted on March 4, 2013 at 12:43pm 0 Comments 0 Favorites
Talk about hating to pay taxes! The golf world’s most lovable dude, Phil Michelson (a California resident) recently talked about retiring just because of the HUGE 2013 tax claw coming to grab his winnings. Especially with the CA tax hikes.
There was a great…
Posted on February 18, 2013 at 2:47pm 0 Comments 0 Favorites
On Sunday I was dragged kicking and screaming to the Peabody in Orlando. Everyone makes a huge deal about their famous 11:00 AM Duck Walk. It was 30 degrees in Orlando, and since pool time wasn’t…
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