Tag: tax planning
Should I Hire a Financial Advisor to Do My Tax Planning?
It’s a safe assumption that you have a list of preferred professionals in your life that you trust and regularly visit for specific services. You more than likely have a respectable primary care physician for overall health, a reliable dentist for oral hygiene, and a massage therapist for stress relief and wellness. Did you research to find the perfect professionals […]
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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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Tax Planning Vs Tax Preparation
Your W2s and 1099s are arriving in anticipation of every American’s favorite season – tax season! This one could be one of the most complex in history. With markets rocketing higher in 2021 and millions of Americans changing careers and quitting jobs, tax professionals have their work cut out for them this spring. Taxes are an under-discussed topic but should […]
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