12 Days of Tax Planning

This is an update of something I did last year and it’s once again roughly twelve days before Christmas so let’s give it another try. If anyone wants to come on the podcast and sing it for the audience, let me know. I won’t be singing for fear of losing both our listeners. You can bring this to life on what would appear to be the world’s premier (and only) tax and tiger-based podcast. You will notice the theme is definitely higher tax rates as 2013 has brought us many changes to the tax code.

On the twelfth day of planning my accountant gave to me:

12 months of recordkeeping

11 pages of checklists

10 percent Minnesota gift tax rate

9.85 percent Minnesota income tax

8 tax deductions

7 percent sales tax

6 tax brackets

5 items of nonconformity

4 quarterly estimates

3.8 percent investment tax

2 personal exemptions

And a blog post by Chris Wittich…

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