Looking forward to your annual income can be exciting, but the thought of the taxes that will be withheld can quickly dampen your mood. It can feel like you're working for two companies, but only getting paid by one. However, there may be a way to reduce your tax bill that is within the bounds of the law. Before we delve into that, it's important to clear up a common misunderstanding about tax payments. Staying within a certain tax bracket can prevent you from having to pay a higher percentage of your income in taxes, but it's worth considering that as your income increases, your tax liability may increase as well. Share this video with a friend if you find it useful! Consider subscribing to the channel for videos about investing, business, stock market, managing money, building wealth, passive income, and other finance-related content! DISCLAIMER: Invest Wise are not financial advisors or brokers. All the information, strategies, tips & tricks etc. shared
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 :)