NEWS
Taxlink by Andy Biebl
Andy Biebl DTN Tax Columnist
Mon Jun 1, 2015 06:22 AM CDT

For too many, planning means a focus on next week's activities. However, when it comes to income taxes, the perspective needs to be long term. Today's tax rate system is insanely complex (by design, but that's a topic for another day). The hazard is not merely a more steeply graduated rate system; it's also the layering of additional taxes (the 3.8% Obamacare tax and the Alternative Minimum Tax) and the hidden phase-outs (itemized deductions, personal exemptions) that complicate the rates. Temporary tax provisions (Section 179 and bonus depreciation) add to the complexity.

TAX PLANNING PROJECTIONS

During the November or December ...

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