Tax Bracket Shifting
Definition of "Tax bracket shifting"
Arrangement of financial affairs such that a family member who is in a lower income tax bracket receives income that another family member would otherwise have received (thereby reducing the taxes paid by the family unit).
Popular Insurance Terms
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Irrevocable living trust (rights to make any changes are forfeited by the grantor permanently) in which the grantor forfeits control of all assets placed in the trust. However, the grantor ...
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