{"id":2128,"date":"2021-04-18T05:07:38","date_gmt":"2021-04-18T05:07:38","guid":{"rendered":"https:\/\/www.vitalstatistics.info\/?p=2128"},"modified":"2021-04-18T05:07:38","modified_gmt":"2021-04-18T05:07:38","slug":"things-should-be-learning-from-the-tax-planning","status":"publish","type":"post","link":"https:\/\/www.vitalstatistics.info\/things-should-be-learning-from-the-tax-planning\/","title":{"rendered":"Things should be learning from the tax planning"},"content":{"rendered":"
There is a saying that the wealthy has to pay more tax.\u00a0<\/span><\/p>\n It is really true?<\/span><\/i><\/p>\n It’s not necessary because a tax code has some kind of loopholes that makes rich people pay lower income tax. The post is about finding the tax-saving strategies used by wealthy people to limit down the taxable income.\u00a0<\/span><\/p>\n <\/p>\n <\/p>\n Equity investments are a long-time tested way of generating long-term returns. Well, it is because of the huge difference present between the tax treatment of capital gains and ordinary income. The benefit of this method is that tax rates are a bit lower on capital gains.\u00a0<\/span><\/p>\n <\/p>\n <\/p>\n There are retirement plans meant for offering modest contribution limits. Thus, a combination of a defined contribution plan and a defined benefit plan is a way to help business owners contributing to their retirement plan.\u00a0<\/span><\/p>\n <\/p>\n <\/p>\n Employment income and business income are usually treated to be different by IRS. Being a business, it is easy to claim for travel expenses, supplies, phone, internet, home office rent, and other expenses spend on the business.\u00a0<\/span><\/p>\n <\/p>\n\n
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