Your tax plan is going to go through a big change in 2013. It doesn’t matter who wins the election, there are already economic trends in play that will be making changes that will take decades to change. That is if anyone even wants to try.
Meanwhile, there are a couple of things that we know are true.
- If you want different results, you’re going to have to do something different. The average American is going to experience: lost jobs, no retirement funds, skyrocketing prices and increased taxes. If you know that you and your family deserve something better, you’re going to have to do something better.
- You’re going to have to up your game because half-way efforts don’t work anymore. It used to be you could just ride the trend and get ahead. Face it, that’s how most of us got ahead when the real estate market was taking off. Those days are gone. You have to learn more,
Those two rules are true for anyone with businesses or investments or just generally wants something different then the trend. These same rules apply for tax savings.
For years, the C Corporation has been the entity that the rich use. And it’s going to be especially true in 2013.
That’s because there is one dirty little secret that people aren’t talking about: ALL of the tax changes are occurring for individuals. C Corporations might have a tax change too. Their tax rate is likely to go DOWN.
So, now the question for every business owner is:
Do you want to pay more tax?
Or, do you want to do something different and pay less tax?
A C Corporation may very well be your own 2013 tax answer.