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Kodibochu
Kurra Bewarse
Username: Kodibochu

Post Number: 3974
Registered: 04-2019

Rating: N/A
Votes: 0

Posted on Friday, December 18, 2020 - 2:26 pm:   
Kodibochu:

Tax planning is different from tax evasion brother. Nothing is wrong in planning taxes.


Example: If I make 100K in my IRA/retirement account and want to withdraw now, I need to pay a minimum 45K(because of my high tax bracket). If I withdraw the same money after retirement(59.5 years age), I need to pay 15K or less(because I will not be having income at that time and the withdrawal comes under lower bracket)

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