Question: Your action plan for tax planning should answer the following questions: What tax strategies will you utilize to pay every penny you owe to the

Your action plan for tax planning should answer the following questions:

  1. What tax strategies will you utilize to pay every penny you owe to the government, and not a penny more (for a given level of income)?

  1. What strategies will you take to reduce your taxable income.
  2. Calculate your average tax rate based on your "dream job income

My average tax rate would be

  1. Calculate your marginal tax rate on your "dream job income"

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