Ted Bauman Advice on Tax Planning
Ted Bauman Editorial Director Banyan Hill Publishing
Ted Bauman is a editorial director at Banyan Hill Publishing. Recently, he has advised clients on a few profitable tax strategies that individuals can make in order to keep more of their money. A recent tax plan has suggested that a new tax structure is designed to allow for people to be able to deduct more of their earnings while cutting back on deductions. LLC owners are also able to deduct 20% of their LLC earnings from their taxes, so for every $100,000 in earnings, $20,000 are tax free. The standard deduction has also been set at $12,700.
Observes New Tax Plan’s Upsides and Downsides
Unfortunately, this also comes with a slight downside. Individuals are also no longer able to claim an exemption, and there is also a cap of $10,000 in deductions for state and other taxes paid. A few ideas are for taxpayers to give more to charity, prepay property taxes/mortgage interest/student loans and consider converting IRAs over before the end of 2017. This is to take advantage of the current state of the tax laws. Read more at Ezine Articles about Ted Bauman
Joins Banyan Hill Publishing As An Expert on Migration and Privacy
Ted Bauman is an expert on wealth planning, having joined Banyan Hill Publishing in 2013. He is an expert on issues of international migration, privacy, asset protection, and investing strategies. He publishes the Bauman Letter, a publication aimed at helping individuals invest and maintain privacy/freedom. All of the strategies which Ted publishes are aimed at being low risk for investors to be able to preserve their capital. He is an expert on areas such as inflation and natural resources. An area which he is also an expert in is in value, observing how financial markets behave. Visit Ted Bauman at thesovereigninvestor.com to know more.
Lived Abroad In Cape Town, South Africa and Observed Inflation First Hand
Ted Bauman has also lived abroad, in Cape Town, South Africa having lived there in 1984. He saw the effect of inflation while living in South Africa, noting that people have seen higher prices for goods that they normally pay a much more reasonable rate for.
More information, CLICK:http://www.talkmarkets.com/contributor/Ted-Bauman