Description

As we wrap up the first round of Profit Shift and prepare for the year-end financial hustle, we're pulling back the curtain on the intricacies of tax brackets. 

By understanding how your income is taxed progressively, you can confidently navigate the financial landscape and ensure you're making savvy decisions for your business and personal finances. 

Whether your income is solely from your business or combined with your spouse's earnings, knowing how each dollar is taxed is invaluable for strategic cash flow management.

In this episode, I cover: 

• The complexities of the US tax system and a fundamental understanding of tax brackets
• Practical examples to illustrate how your income is distributed across these tax brackets, making it clear how you benefit from lower tax rates on initial earnings before moving up the "bracket stairs"
• The insights you need to manage your taxes better, ensuring that your hard-earned income isn't lost to confusion or misinformation

Connect with Sheila:

• Follow on Instagram @sheila.hansen.cpa
• Check out our website https://www.hansenllc.net

Make sure to hit subscribe/follow so you never miss a convo!

Find the complete show notes here: https://www.hansenllc.net/individual-tax-brackets/

Resources & Links:

• Join our weekly newsletter, Millionaire Mindset
• Learn more about our Services