Episode 1281
In this episode, we dive into the financial strategy of tax deferral, explaining how delaying tax payments can lead to significant savings for both corporations and individuals. We explore the mechanisms that allow taxpayers to shift financial burdens to the future, ideally when their tax rates are lower.
Key topics covered in this episode include:
• Corporate & International Tactics: How companies use accelerated depreciation to lower current expenses and utilize foreign subsidiaries to shelter profits from domestic taxation, capitalizing on the "interest effect" to grow capital faster.
• Retirement Accounts: An overview of how vehicles like 401ks, IRAs, and Canadian RRSPs allow individuals to recognize income later in life, reducing taxes during high-earning years.
• The "December Effect": We look at why some taxpayers choose to accelerate deductions by prepaying state taxes before the year ends.
• The Senior Housing Solution: With nearly half of working-age U.S. households at risk of retirement income shortfalls, we examine property tax deferral programs. These initiatives allow seniors to delay property taxes until they sell their home or pass away, acting as a critical financial buffer against longevity risk and rising healthcare costs.
Published on 1 day, 9 hours ago
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