Jim Gerner

S-Corp Savings and Social Security: What Tax Pros Miss

An S-corp election may reduce payroll taxes, but lower wages can also affect future Social Security benefits. Learn how to compare current tax savings with long-term retirement impact.

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True Marginal Tax Rate

Professional

Marginal tax brackets are not your True Marginal Tax Rate (TMTR). The real question clients want answered is “If I earn another dollar, how much do I actually keep?” That’s exactly how we define TMTR: the change in total tax due divided by the next dollar of income.

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