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The Difference Between Tax Planning and Tax Paying…

Posted by ITPN Writer | Posted in Taxes, Uncategorized | Posted on 28-07-2016

Tagged Under : , , , , ,

…Is That With The Same Income You Pay Less In Taxes

Is…A Maximum Refund¬†maximum refund

There are many credits and deductions available to the knowledgeable (or those who pay for the expertise) and the incentive for the government to clearly spell it out is just not there…clearly. They can pad their budget by NOT letting you know how to NOT pay them. Double negative. If they do NOT let you know easily, you may not and they will get more of your money. Imagine: “Here Is The Document Outlining How You Can Pay Us Less…” That’s not going to happen. Unless! “Here are the ways you can pay them less and make the same”

Third party system? The Democrats, the Republicans who are making the laws and the Businesses watching out for your self-interest in spite of the laws.

Landing in the right tax bracket is part of the more-money-in-your-pocket game. If we had a flat-rate tax this wouldn’t matter at all. But as it stands, you could pay anywhere from 10%-39.6%.

For Taxes Filed In 2017 Here Are The Brackets:

Tax Rate Filing:Single Filing: Married, Jointly. (Or widowed) Filing: Married, Separately Filing: Head of Household
10% Up to $9,275 Up to $18,550 Up to $9,275 Up to $13,250
15% $9,276 to $37,650 $18,551 to $75,300 $9,276 to $37,650 $13,251 to $50,400
25% $37,651 to $91,150 $75,301 to $151,900 $37,651 to $75,950 $50,401 to $130,150
28% $91,151 to $190,150 $151,901 to $231,450 $75,951 to $115,725 $130,151 to $210,800
33% $190,151 to $413,350 $231,451 to $413,350 $115,726 to $206,675 $210,801 to $413,350
35% $413,351 to $415,050 $413,351 to $466,950 $206,676 to $233,475 $413,351 to $441,000
39.6% $415,051 or more $466,951 or more $233,476 or more $441,001 or more

The Income Tax Planning Network Is Here To Maximize Your Refund

Your income is what it is…and there’s nothing you can do about it? Not the case.

Here are just a few things the Income Tax Planners will swing to go to bat for you!

  • Postpone income to fall on a different year
  • Gift income to family members to lower the overall tax burden
  • Tax-exempt investment strategies
  • Strategically scheduling deduction-worth activities (like medical procedures)

Sign up with The Income Tax Planning Network and let someone else do the leg work for you. 

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