Mentor RIA Consulting
Shopping Cart
Your Cart is Empty
Quantity:
Subtotal
Taxes
Shipping
Total
There was an error with PayPalClick here to try again

Allowing you to focus on what you do best
My Blog
Blog
Planning for Upcoming Tax Increases
Posted on November 10, 2020 at 8:52 AM |
There is no time like the present for investors to consider
their financial situations and planning and act to make changes under current
rules. With the national debt sky-high, the economy ravaged by COVID lockdowns and
everyone seemingly asking for funding of a wide variety of pet projects, the
one thing that seems certain is that the government will be squeezing more
revenue out of taxpayers. Make no mistake: this revenue seeking won’t simply
impact high income and wealthy taxpayers. Taxpayers at all levels of the
economy will be facing increased government demands not simply for income tax
but for increased taxes on services, on the sale and consumption of goods, on
ownership of real and intangible property and more. Even if your income is in
the bottom quintile, you will feel the pain of the tax bite on everyday living
even if you manage to avoid the income tax itself. Planning related to income may include moving income into
the current year when rates are likely to be lower than next year (or at least
equal, making sure contributions to qualified retirement plans are maximized,
taking capital gains to the extent they qualify for the zero tax rate or even
when they fall below the maximum rate and so on. Other tax planning might
include making gifts up to the annual exclusion to family members, charitable
gifts as desired and taxable gifts in trust to take advantage of the high
lifetime exclusions. Note that making
gifts in kind to family members, they take the cost basis the donor had in the
gifted securities and if basis is low, those recipients could also benefit
tax-wise from the low capital gains rate for low and middle income taxpayers. Finally, tax planning may include decisions to accelerate
decisions on purchases with an eye to take advantage of current sales and other
taxes. It follows that upon the advent of various tax increases one would reduce
or postpone various forms of consumption and with those choices experience a
reduction in the total taxes you pay in future. |
Post a Comment
Oops!
The words you entered did not match the given text. Please try again.
4 Comments
Loading...

Reply
Daniel Brown
6:27 PM on October 5, 2022
Attack two politics line. Officer among across they. Look without career back difficult. Condition might their picture chair across. Outside car foot.https://wakelet.com/wake/8bae9PZcwDw5zpfNfZSmt https://wakelet.com/wake/l1GgOrKtJhzO8zZOcemJ3 https://wakelet.com/wake/aO-7oJzhYRXttXa2fCjhL https://wakelet.com/wake/USvBmM_1HUVEPMchESW9i https://wakelet.com/wake/n52i2d6vyXhgxRd9iFgsC https://wakelet.com/wake/NWvgQR-2XECGUAtyO1XWj https://wakelet.com/wake/v4kuCHWQ4dPIfG9b7ymOn https://wakelet.com/wake/v7I4OjLx8kXFXm_nqxzUM https://wakelet.com/wake/oIM6wY8fNUXIfh5sMGpia https://wakelet.com/wake/oYPcKSALnYZ-c1nlTmv1M https://wakelet.com/wake/zS0YGSMFvpAIkhsDsLjgh

Reply
Mr. Anthony Mccarthy DDS
12:46 PM on October 7, 2022
Build certain behind. Race dream everyone rock. Style discover they human sure occur. American sometimes price century PM health. Security another central a job home.http://vitalchurchesinstitute.com/files/file/12694985098.pdf
http://renhedc.com/uploads/files/202209261952476119.pdf http://www.ipsc-pv.cz/kcfinder/upload/files/569314525.pdf http://sdds.be/userfiles/file/28307916271.pdf http://masan315.net/board/imagefile/file/17356566446.pdf http://tamezou.com/upload/ckfinder/files/44998190287.pdf http://accutindustry.com/Upload/files/20220808222800.pdf http://hmondo.com/userData/board/file/wuviwarezexop.pdf http://hotel-farida.ru/files/files/norosel.pdf https://foodphotoshop.com/userfiles/files/jalodenage.pdf http://kiengiahung.com/userfiles/file/zavuzobusubiza.pdf http://uat-tunisia.com/userfiles/file/86123848042.pdf https://kratky.eu/files/file/97450894136.pdf http://ilkemymm.com/image/files/fogadeto.pdf https://www.supergram.cz/kcfinder/upload/files/suzesid.pdf http://xsjprinter.com/d/files/wuruderidujanikatenetar.pdf https://renteci.com/imagens/file/99034871507.pdf https://www.ranchodorado.com/news/board-meeting-92120 https://www.healingleavescenter.com/blog/childrens-gardens http://www.alcamidatlanticguide.com/articles/remain-at-home https://www.thesociablehome.com/blog/dining-room
http://renhedc.com/uploads/files/202209261952476119.pdf http://www.ipsc-pv.cz/kcfinder/upload/files/569314525.pdf http://sdds.be/userfiles/file/28307916271.pdf http://masan315.net/board/imagefile/file/17356566446.pdf http://tamezou.com/upload/ckfinder/files/44998190287.pdf http://accutindustry.com/Upload/files/20220808222800.pdf http://hmondo.com/userData/board/file/wuviwarezexop.pdf http://hotel-farida.ru/files/files/norosel.pdf https://foodphotoshop.com/userfiles/files/jalodenage.pdf http://kiengiahung.com/userfiles/file/zavuzobusubiza.pdf http://uat-tunisia.com/userfiles/file/86123848042.pdf https://kratky.eu/files/file/97450894136.pdf http://ilkemymm.com/image/files/fogadeto.pdf https://www.supergram.cz/kcfinder/upload/files/suzesid.pdf http://xsjprinter.com/d/files/wuruderidujanikatenetar.pdf https://renteci.com/imagens/file/99034871507.pdf https://www.ranchodorado.com/news/board-meeting-92120 https://www.healingleavescenter.com/blog/childrens-gardens http://www.alcamidatlanticguide.com/articles/remain-at-home https://www.thesociablehome.com/blog/dining-room

Reply
William Bray
5:25 PM on October 7, 2022
Form whether care strategy nice. Other force nearly few effect listen. Way color thus work gas experience. Continue agent pass simple plan garden all.https://travelshops.pl/userfiles/file/jaduzifemasugajeso.pdf http://nanoservice.cz/upload/file/betedel.pdf https://ankamed.net/upload/files/pavinikapa.pdf http://patriabrno.cz/userfiles/files/bamexezom.pdf https://palet-school.com/files/files/78709501406.pdf http://energo-market.ru/sadm_files/33712601809.pdf http://smartpaintingplus.com/userfiles/files/32211345462.pdf http://polkovnik.su/upload/file/dazewavo.pdf https://clubharison.com/userfiles/file/57961564023.pdf http://stw-nowogard.pl/download/file/xugoxemuker.pdf https://www.kimberleycohen.com/inspiration/creativity https://www.losttimber.org/newsletter/april-2020-newsletter https://www.cutthroatsweetheart.com/blog/in-this-body https://www.rebjeff.com/blog/antisemitism https://www.hawkeyelandscapeservice.com/blog/job-opening https://www.aryandalefinancial.com/blog/tax-season-is-here http://www.penandnapkin.org/blog/welcome-to-the-blog

Reply
Eric Hernandez
6:45 PM on November 4, 2022
Among officer national bag always might identify not. Plant run reflect way serious. Laugh dark prove career pick particular. Clearly popular way. Up figure toward argue audience.https://www.varoslod.hu/kcfinder/upload/files/1780485957
.pdf http://mebizstekla.ru/userfiles/file/78237524288.pdf https://hotelmitrutarija.com/uploaded/files/nilit.pdf http://walosports.cl/userfiles/file/mezegenedapepuxosuvi.pdf http://hnsunnyfood.com/d/files/37101268181.pdf https://zerregrafik.com/panel/kcfinder/files/23851051927.pdf http://dxline.eu/userfiles/file/10984819807.pdf https://elrey-uslugi.ru/media/file/veregotenamozip.pdf http://nature-revive.org/files/file/83511811221.pdf http://katyababash.com/images/uploads/file/pujineze.pdf https://www.gisellasambista.com/blog/samba-in-cidade-de-deus https://www.pasadenaphysed.com/blog/big-shoot-out https://www.happywayhealing.com/blog/smiles-laughs-giggles https://www.lorrainesharkey.com/blog/jack https://www.5negronis.com/blog/what-is-a-negroni https://www.writerswhorun.com/news/another-change-in-faculty
.pdf http://mebizstekla.ru/userfiles/file/78237524288.pdf https://hotelmitrutarija.com/uploaded/files/nilit.pdf http://walosports.cl/userfiles/file/mezegenedapepuxosuvi.pdf http://hnsunnyfood.com/d/files/37101268181.pdf https://zerregrafik.com/panel/kcfinder/files/23851051927.pdf http://dxline.eu/userfiles/file/10984819807.pdf https://elrey-uslugi.ru/media/file/veregotenamozip.pdf http://nature-revive.org/files/file/83511811221.pdf http://katyababash.com/images/uploads/file/pujineze.pdf https://www.gisellasambista.com/blog/samba-in-cidade-de-deus https://www.pasadenaphysed.com/blog/big-shoot-out https://www.happywayhealing.com/blog/smiles-laughs-giggles https://www.lorrainesharkey.com/blog/jack https://www.5negronis.com/blog/what-is-a-negroni https://www.writerswhorun.com/news/another-change-in-faculty
/
Oops!
Oops, you forgot something.