Message Font: Serif | Sans-Serif
 
No. of Recommendations: 1
Was wondering if there are any tax strategies that high income earners -whose earnings come primarily through w2 income- can use? Aside from starting one's own business, using a backdoor Roth conversion/contribution, and trying to generate more dividend income, are there any strategies you can reccommend?

Ummmm....assuming your W-2 income isn't affected by your dividend income (I know mine isn't), generating more income in taxable accounts via dividends will increase your tax liability, not decrease it.

One other possible solution - quit your job. ;-)

AJ
Print the post  

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement