Depreciation Quote by Hillary Clinton
“If you're a full-time manager of your own property - and full-time, according to Congress, is 15 hours a week - you can take unlimited depreciation and use it to offset your income from other areas and pay little in tax. One of the biggest real estate tax lawyers in New York said to me, if you're a major real estate family and you're paying income taxes, you should sue your tax lawyer for malpractice.”
About This Quote
Using real‑estate depreciation can offset other income, dramatically reducing tax liability; some claim tax advisors may be negligent.
In simple terms: Depreciation can lower taxes if misused.
Key Takeaway
Leverage property depreciation wisely.
Themes
tax strategy
real estate
financial planning
Mood
cautious
analytical
Type
advisory
pragmatic
When to use this quote
- real‑estate investment
- tax planning
- financial consulting
Key Concepts
depreciation
tax avoidance
legal risk
Questions to Reflect On
- Are you tracking depreciation correctly?
- Do you understand the legal limits?
A Different Perspective
Tax benefits depend on accurate record‑keeping and compliance.
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