Well, it looks like the best time for this tax-saving estate-planning strategy is in October.
This tax-saving tactic has been important with most of the big takeovers and buyouts of the Eighties.
If you really want to go overboard, you could always combine the two tax-saving strategies, as Michael Ellis has.
Yukos, after all, employed tax-saving tricks that were common in the industry and were rarely challenged when they were first used.
Based on your answers to those initial "interview" questions, the program will spit out a list of tax-saving suggestions for next year.
Some combine GRATs with other tax-saving entities--arguably in ways Congress didn't intend.
The only way the IRS can stop the spread of this tax-saving device, Grundeman says, is to persuade Congress to change the law.
The first and biggest of these foundations was set up in 1917 by childless Knut Wallenberg as a tax-saving way to keep the family wealth together.
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When you combine ESPPs with a few tax-saving tactics, these plans may just offer one of the best ways to accumulate wealth without a lot of hassle.
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Despite Loggans' warning, there's never been a better time to cut the cost of an expensive hobby by turning it into a moneymaking (or a moneylosing, but tax-saving) sideline.
Yet for upper-income families, tax-favored saving is too crucial to ignore.
They are unhappy about plans to cut disability benefits and tax-friendly saving schemes, and levels of investment in health care and education that they consider to be insufficient.
No Republican, not even Ron Paul, is going beyond the status quo to insist that top marginal tax rates must be cut by at least a third (ideally scrapping the current income-tax system altogether and replacing it with a pro-growth, low-single-rate tax system that does not punish saving, investing and entrepreneurial risk-taking as the current progressive income tax does).
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As Congressional leaders struggle to fashion an energy bill that can become law this year, one provision that's likely to be sacrificed is the extension of the tax credit for energy-saving home improvements.
Another reason to consider deferred annuities is that they enable you to continue saving tax-deferred after you've maxed out your 401(k) and your IRA. You will still have to pay taxes as you withdraw the money.
It gives folks saving in employer-sponsored retirement plans the same tax diversification choices as folks saving in Individual Retirement Accounts, well almost.
We also passed a tax credit for products like energy-saving windows, and that led to a 55-percent boost in the sales at this firm.
Alternatively people could switch to saving in a more tax-efficient product such as an Individual Savings Account, rather than an endowment.
The reason is simple: A consumption levy would not tax income from saving, and low- and moderate-income people save a lot less than the rich.
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Given the size of Goldman's historic bonus pools, the value of these shares would certainly run to tens of millions of pounds, and probably to hundreds of millions of pounds, so the tax saving would not be trivial - perhaps double digit millions of pounds (Goldman won't confirm the quantum).
But it operates as a tax-rate hike for those in the phase-out range, discouraging work, saving and investment.
The only way to raise taxes under today's income tax is to increase the burdens on working and saving -- just about the last things we should be doing.
So it is trying to create another niche, in pollution-saving electric or hybrid cars, through government support and tax incentives.
That's why we fought to extend our college tuition tax credit for working families -- (applause) -- saving millions of families thousands of dollars.
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According to Bill Gale, a savings expert at the Brookings Institution, virtually all the net new saving that has occurred through tax incentives has been by less-affluent Americans.
For Thompson Creek, it wasn't just the 16 tax cuts for small business, as it turned out they manufacture energy-saving windows that help other businesses cut costs -- and so the President's incentives for that have given them a huge boost.
Messrs Feldstein and Samwick assume that the creation of individual retirement accounts will result in higher national saving, which in turn will raise capital formation and thus corporate-tax revenue.
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Sometimes known as supply-side economics, this is the simple notion that lower tax rates will boost work, saving, investment, and entrepreneurship.
Here's how American retirement accounts will work: To give a strong incentive for saving, my plan will offer working and middle-class families generous matching tax cuts.
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