Explain each of the following strategies for reducing current taxes (a) Maximizing deductions (b) Income shifting (c)

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Explain each of the following strategies for reducing current taxes
(a) Maximizing deductions
(b) Income shifting
(c) Tax-Free income
(d) Tax-Deferred income.

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Personal Financial Planning

ISBN: 978-1111971632

13th edition

Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley

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Question Posted: Feb 13, 2015 09:29 AM

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Explain each of the following strategies for reducing current taxes (a) Maximizing deductions (b) Income shifting (c)

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a Taxpayers can maximize deductions by accelerating or bunching their deductions into one tax year E...View the full answer

Personal Financial Planning

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