Gross Domestic Product is a method of measuring and benchmarking the growth of the economy and compare it to other nations on the planet. It is important to understand the implications of government policy and the use of resources. In summary, the American Consumer is 100% of the American economy, because all business and government exists to serve people. The economy is based on the aggregate decisions of all individuals within the United States.
Here are our thoughts on the potential changes to tax laws and ow we can best plan for the higher taxes and the financial discrimination against high net worth and high income individuals.
Great educational video about manufacturing in the United States and how jobs will grow. We need a labor force that can support our economy.
This article explains some common tax planning strategies The goal is to pay your fair share of taxes to the federal and state government. You are under no obligation to overpay your taxes. Understand that there is always the risk of an audit. Depending upon the deductions you take and supporting documents that you have, the audit can be easy or difficult. Life-Legacy Financial Counsel recognizes that there are almost 300 tax deduction categories and sub-categories that businesses may use to reduce their tax obligations.
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Forms we use in our planning process