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A FULL SERVICE TAX PLANNING, TAX PREPARING, AND BOOKKEEPING COMPANY
It's Your Money...
While all of us must pay taxes on our earnings, you shouldn't have to pay more than your fair share. Our expertise in financial planning gives us a unique advantage when it comes to looking at your specific tax planning needs. Our firm philosophy is to focus on cash flow, and one of the biggest expenses we all face is taxes. The quickest ways to increase your current tax flow is to reduce expenses. Doesn't it make sense to work with a firm that will implement all the tools and deductions made available to you and your family by the IRS?
We think so too.
On April 12, the 102nd day of 2011, your year-to-date wages would equal the amount you would need to pay all of your taxes for that year. That means Americans worked well over three months of the year, from January 1 to April 12, before they earned enough money to pay that year's tax obligations at the federal, state and local levels.
Tax freedom day arrived three days later in 2011 than it did in 2010, but nearly two weeks earlier than in 2007. This shift toward a lower tax burden since 2007 has been driven by three factors:
The Great Recession has reduced tax collections even faster than it has reduced income.
President Obama and the Congress, after a long debate, extended the Bush-era tax cuts for two additional years.
As part of the extension agreement, the Making Work Pay tax credit was replaced with the 2 percent reduction in the payroll tax.
Despite these tax reductions, Americans paid more in taxes in 2011 than they spent on groceries, clothing and shelter combined.
Contact us today for your FREE 1 Hour Tax Reduction Strategy Session!
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Chart provided by the Tax Foundation, a nonpartisan educational organization.
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