Tag: tax planning strategies
How Much Do The Rich Pay In Taxes?
According to a White House analysis from 2010 to 2018, 400 of the wealthiest families in the U.S. paid an average of 8.2% on their federal individual income taxes. The average effective tax rate was $1.8 trillion of income over nine years. The same research also revealed that 25 of the wealthiest citizens paid an effective federal tax rate of […]
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Top 5 Reasons Tax Planning Strategies Are Important
Taxes are often a forgotten part of a financial plan because no one likes to think about giving Uncle Sam a cut of hard-earned cash. Even though tax season isn’t the most wonderful time of the year, you can work the tax code to your favor by participating in a little exercise known as tax planning. Unlike tax preparation, tax […]
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