Category Archives: Income Tax

A Brief History of U.S. Income Tax

Often times as a financial planner I hear people giving the advice to “defer, defer, defer.” Upon examining clients’ portfolios, I see it a lot where there is a large portion of it in tax-deferred assets. There is no doubt that some of the time, deferring can be a sound decision when it comes to wealth planning. But as you will see as we take a look at the history of income taxes in the United States, deferring isn’t always the right strategy.

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