Sub Headline: There are Some Monster Tax Deductions for Some ERISA Retirement Plans Synopsis: Some entrepreneurs and small business owners may be able to fund significant contributions into SEP IRAs and 412(i) Plans. Some benefit plans that include ancillary benefits can substantially increase your Taxable contribution. Watch the interview with Chartered Financial Consultant and Captive Insurance Company expert R. Wesley Sierk III on Tax Deductible Qualified Plans. Content: It’s impossible to appreciate the tax equivalent return of any investment until you know your effective tax bracket. You also need to know how you should file: individual, head of household, married filing jointly or married filing separately. For some married couples, filing jointly or separately can usually be determined quite quickly on most tax software. The U.S. tax code is a marginal, “progressive” income tax system. As your income increases or “progresses” from one tax bracket to the next you pay
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)