One is to move income from the parent's high tax bracket to the child's lower one.
You are in a high tax bracket and must hold bonds outside your retirement accounts.
Paying young family members, then, moves income out of your high tax bracket and into their low bracket.
But if you are in a high tax bracket and your main concern is investing for the future, ignore her.
But if you are in a high tax bracket you'll have only 1% left when Obama gets through with you.
Going back to my stated goal of being in a high tax bracket, one of the strangest stories of taxation is the variability of top income tax rates over the years.
Consider annuities if you (a) are in a high tax bracket (b) have exhausted other forms of tax-favored retirement savings, like 401(k)s and IRAs and (c) want to own more bonds, especially corporate bonds.
Capital gain rates are set to increase from 15% to ordinary income tax rates as high as 43.4% if you are in the top tax bracket and factor in the new Medicare tax on unearned income.
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The top marginal tax bracket has been as high as 91 percent in the Kennedy years to as low as 28 percent in the Reagan administration.
No great harm here, assuming her tax bracket is at least as high as yours.
High marginal tax rates with inflation worsening their effect through bracket creep did their part.
On top of that there will be (for high-bracket savers) a 3.8% investment tax surcharge plus a clawback of deductions that effectively adds 1.2 percentage points to the stated tax rate.
The top income tax bracket is 13.3 percent and its sales tax can be as high as 10.75 percent in certain cities.
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