Once again, the family partnership technique had withstood an IRS attack on its estate tax saving features.
My tip would be to shift income to 2012 and expenses to 2013 for tax saving purposes.
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This post concerns potential estate tax saving from establishing a separate revocable trust for each spouse and dividing the marital estate between the two trusts.
The answer is that the lion's share of any tax saving is often taken by the agency and any company to which it subcontracts to manage its payroll - sometimes known as an "umbrella" company.
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).
They argued that it was nonsensical to tax energy saving more than energy use, which incurs tax of just 5%.
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.
Was Mr Robinson, as Treasury minister with responsibilities for tax and saving, subject to a conflict of interest?
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.
Each patch boosted the amount of income exempt from the tax, saving millions of households from having to pay the levy.
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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.
As money was diverted from the payroll tax, government saving would fall while private saving rose.
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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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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.
Proponents of legal pot talk about tax revenues and saving on law enforcement costs, new jobs, and the insanity of criminalizing something half the adult population has done.
If you can afford to make contributions, this can be a great way to save for your health expenses while lowering your taxes and even saving tax deferred for retirement.
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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.
In addition, a consumption tax would encourage more saving in the long run.
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However, some of those tax expenditures exist for good economic reasons, and the provision of favorable tax treatment for retirement saving is one of them.
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In other words, Obama claims to be concerned about jobs, but he is proposing a big tax hike on the saving and investment that is necessary to create jobs.
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