Tax Planning Strategies for High Income Earners
Having a higher net worth affords you many benefits, but it also means tax planning is a bit more of a chore. Without a thoughtful high income tax planning strategy, you run the risk of missing out on key tax benefits and, when you’re paying more in taxes, that liability can begin to diminish your net worth over time. Fortunately, there are several opportunities for tax savings, including for earners in higher tax brackets. Below, we’ll review four of these opportunities for your consideration as part of your high-net-worth tax planning strategy.
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