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Recent Comments

John, the bucket strategy gets even bett PDF Print E-mail
Written by Bill Winterberg   
Friday, 04 December 2009 05:45
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John, the bucket strategy gets even better with the progressive nature of the marginal tax brackets combined with the deductions, exemptions, and credits taxpayers receive. I've seen cases where taxpayers in 2008 realized long-term capital gains and received Social Security income, Traditional IRA distributions, and Roth IRA distributions and paid $0 in Federal tax. All of the taxpayer's AGI was subtracted by deductions, exemptions, and credits for which the taxpayer qualified, resulting in nearly $0 in taxable income. So as you said, having a diversified source of income ("buckets") allows individuals to take advantage of the various ways taxable income can be subtracted off the return. Bill @ FPPad.com
This is a comment on "2½ Tax Planning Myths"

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