In this episode, Ryan and Thomas answer the frequently asked question, “Should I reduce my taxes to zero?”. Answering this question starts with understanding how the US tax system works.
Here’s what to expect:
- Progressive taxation and tax brackets
- Why taxpayers might want to reduce their taxes to zero & when it might be beneficial
- The role of Modified Adjusted Gross Income (MAGI) in tax planning
- Common misconceptions and the potential pitfalls of such an approach
If this question has been on your mind, don’t miss this must-listen episode.
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