Quote:
Originally Posted by The Cobra
If it was the easy to simply lower your taxes with "smart planners", presumably "smart planners" can lower them even more in the lower tax states. So, the taxes will always be lower with a smaller tax rate.
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That’s not entirely how it works. Smart planners can effectively reduce the overall tax rate by reducing, skirting, or eliminating certain taxes based on how the money moves and where it sits.
The less there is to reduce, skirt, or eliminate, the less there is that a smart planner could do.
For example, a smart planner could help you avoid an inheritance tax in a country that has one. In a country that doesn’t, however, there’s nothing to avoid. You can’t magically go less than the minimum.