Description
Income shifting is a tax planning strategy that involves transferring income or assets from individuals or entities in higher tax brackets to those in lower tax brackets, thereby reducing the overall tax liability.
Income Shifting
$10.00
General information: Income shifting is a tax planning strategy that involves transferring income or assets from individuals or entities in higher tax brackets to those in lower tax brackets, thereby reducing the overall tax liability. The intent of this strategy is to minimize the total taxes paid by the group (family, business owners, etc.)
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