There's a reason everyone dreads the topic of taxes.
Taxes can be your clients’ biggest expense — as much as 50 % in taxes a year, when federal, state and local taxes are combined. In fact, the average American spends more days working to pay off federal, state and local taxes than they do to cover the costs of housing, food and clothing combined. According to the annual US Trust Insights on Wealth and Worth Survey 65% of respondents say minimizing taxes is an investment priority for managing their wealth, compared to just 35 % who focus on pursuing higher returns regardless of tax implications.
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