Tax rates could be headed higher starting in January, but for now, April 17 wasn’t too bad considering tax rates on ordinary income, dividends, estates and gifts remain at historically low levels. The tax rate for the 400 U.S. taxpayers with the highest adjust gross income fell nearly 30% in 1995 to just over 18% in 2008, according to the Internal Revenue Service. The federal tax rate for the top 1% of taxpayers dropped 6% to 23% in 2008. The true effective rate for multimillionaires is lower than government statistics indicate because the figures do not include income generated by sophisticated tax-avoidance strategies involving variations of complicated borrowings that never get repaid. The opportunity to avoid, or defer, tax bills is limited only by creativity and the ability to understand complex tax shelters.
Your resource for news, research and analysis to help you deliver more effective outcomes to your clients.
ThinkAdvisor's TechCenter is an educational resource designed to give you a competitive edge by keeping you abreast of new tech innovations and need-to-know information that can be applied to your business.
A survey of advisors nationwide reveals how the use of ETFs is expanding and what factors are likely to further support this trend.
3 Differences Between Life Insurance and Roth IRAs
Are you still submitting paper applications on behalf of your insurance clients? It‘s time to go digital or risk going extinct.
What your female clients need to know about long-term care.
Dec 12, 2017
Join this webcast to see how Trisha Qualy, Director of Wealth Management at AdvisorNet Financial, took client assets from $100 million to $1.3 billion in...
Nov 15, 2017
Join this complimentary webcast to learn innovative strategies that have proven effective in containing rising health costs.
Nov 02, 2017
Join this conversation as a panel of experts provides tips and best practices to optimize your tech resources for business growth.