moneyFYI
Financial Freedom Is Merely Organized Common Sense
Tag: Income tax
You Need To Know About How Taxes Compound
Income taxes compound too. The government would prefer you did not know that.
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Income Tax 101
In the Financial Post 17 October 2015, there was a confusing article. It outlined how a couple with a net worth of $10,000,000 and Income of $215,000 Paid $0 in Tax. I was unable to follow the numbers easily and I still don’t know… Continue Reading “Income Tax 101”
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Seeking Tax Alpha
The oldest rule in tax planning, is “Manage after tax income. Do not try to manage the tax.” There is a reason for that rule. You can only invest or spend after tax income. The tax management will be different depending on what you… Continue Reading “Seeking Tax Alpha”
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Everyone Has The Same Estate Plan
Every estate plan is the same. Some are more complicated than others but that is only detail. The complexity means that many people lose track of what they are trying to accomplish and when they do, they lose track of some advantages otherwise available.… Continue Reading “Everyone Has The Same Estate Plan”
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An Interesting Tax Advantage
SUBSEQUENT TAX LEGISLATION HAS MADE THIS APPROACH MUCH MORE COMPLEX AND MUCH LESS ATTRACTIVE. CONSULT A KNOWLEDGEABLE PROFESSIONAL I have been a fan of the cartoon strip “Wizard of Id” since the ’60’s. I think there is an edge to it and while not… Continue Reading “An Interesting Tax Advantage”
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