Tax planng is a major part of LGBTQ Wealth Management. Gay fancial advisor David Rae outl how to mimize the pa of the gay marriage penalty.
Contents:
- ONE OF N.L.'S FIRST MARRIED GAY UPL LOOK BACK WH PRI
- IRS 'WHISTLEBLOWER X,' A GAY DEMOCRAT, REVEALS INTY AND TELLS CONGRS HE WAS BLOCKED OM INVTIGATG HUNTER BIN
- HOW HIGH INE GAY COUPL AVOID THE MARRIAGE TAX PENALTY
ONE OF N.L.'S FIRST MARRIED GAY UPL LOOK BACK WH PRI
* married gay taxes *
Power and David Philpott had to make their own ke topper by glug groomsmen figur togetherFrom “partner” to “hband”: meet one of the first married gay upl N.
Philpott and Power may have been the first gay uple the provce to be legally married, but the trail they blazed was soon followed by many, wh the St. Joe Ziegler, a special agent wh the tax agency for 13 years, scribed himself as a "gay Democrat married to a man" and said he cid to e forward spe his personal polics bee he believ "no one should be above the law regardls of your polil affiliatn.
"I equate this to the experience and feelgs I enuntered when g out [as gay], " said Ziegler. Here are the top tax ems newly-married, or newly-regnized, gay upl need to know. As a married gay fancial planner, I am fortunate to offer LGBTQ Wealth Management and LGBTQ fancial planng guidance to many succsful gay upl om across the untry.
IRS 'WHISTLEBLOWER X,' A GAY DEMOCRAT, REVEALS INTY AND TELLS CONGRS HE WAS BLOCKED OM INVTIGATG HUNTER BIN
From a gay tax planng standpot, the right to get legally married may signifintly crease the tax bills for top-earng gay and lbian married upl. Wh the var marriage penalti the tax , tax planng is imperative for middle-to-high-e gay upl.
Gay Coupl Need Proactive Tax Planng Guidance. Many gay upl only thk about their tax when they are forced to by the var IRS tax filg adl.
Before marriage equaly, gay upl didn’t even have to talk tax wh their signifint other this often. Work wh your spoe and proactively plan to mimize your tax, pecially if one or both of you are self-employed, a gay bs owner, or have equy pensatn (thk stock optns, RSUs, etc.
HOW HIGH INE GAY COUPL AVOID THE MARRIAGE TAX PENALTY
To do this efficiently, gay upl mt talk about money, talk openly about money, and often talk about money. It leads to how you n afford that next fabulo gaytn and still stay on track for a fancially secure gay retirement. As a ltle extra motivatn, savg money on tax may be the difference between beg able to afford that bucket list gaytn you have been dreamg of or wrg a big check to the IRS.
Hopefully, you are workg wh a fabulo gay fancial planner who is helpg make this procs easier while mimizg your tax a fabuloly easy manner. Keep readg to see a few of the ways the marriage penalty smacks the fanc of gay upl. The ‘Marriage Penalty’ Is Rough For Many Gay Coupl.