Taxes are Taxing

With taxes being one of the biggest expenses that any household pays overtime, you’d think there would be a greater level of education about how taxes are assessed and paid, but unfortunately there isn’t. Even the most basic concept of withholding vs tax paid or refund vs balance due is a quagmire for most Americans.
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The Planner's Perspective: Planning For Variable Income

Compensation comes in many forms, but the most common form is cash. Many employees are used to getting an annual salary and a periodic bonus, which makes tax and financial planning easier, at least from a cash flow management standpoint. Those who receive significant bonuses, however, are faced with different challenges as variable compensation (commissions, bonuses, etc.) is generally not guaranteed and can vary greatly from period to period.
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