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Reply to "For those with high HHI ($500K), tax saving strategies"
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[quote=Anonymous][quote=Anonymous]So let me get this straight. You asked a CPA. You didn't like the correct answer s/he gave you. And so you thought you'd crowd source this? Maybe count your blessings to be doing so well that you can contribute that level of taxation and be glad you don't live in other places of the world where taxes are higher (because the USA is basically the world's tax haven). The short answers is the same your CPA gave you. You're salaried employees. Short of increasing exclusions like 401K contributions, there really are no magic tricks here. And thank God for that. Pay your fair share, damnit. [/quote] Ditch the attitude!! It's frustrating to pay so much of your income in taxes. Those making over $178K pay 75-80% of all income taxes at the federal level. So while many of us are happy to do our part, it's frustrating to see so much of our hard earned income go to taxes ALL the time. We see no real breaks, and are not billionaires [/quote]
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