As the US Debt continues to climb so does the speculation that higher taxes will follow. Currently US tax rates are near their lowest than at any previous time (aside from when the income tax was implemented at 1%. But who believed it would stay there…)
WE BELIEVE taxes are going to increase, simply because the math cannot be denied inevitably. There are many tax strategies you can do to reduce your tax burden from gifting wisely, reducing your tax deferred account values, proper asset allocation between account types, insurance policies and the utilization of tax free accounts.
It’s time to make a tax plan. Contact us to learn more.