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Minimize Tax Burden and Maximize After-Tax Proceeds
This guide is for educational purposes only and does not constitute tax or legal advice.
Tax laws are complex and change frequently. The strategies outlined here may not be suitable for every situation. Always consult with qualified tax professionals, attorneys, and financial advisors before implementing any tax planning strategies.
The information provided is based on current tax laws as of 2024 and may not reflect future changes in tax legislation.
Spread the gain from the sale over multiple years to reduce annual tax burden
Potentially exclude up to $10 million or 10x basis from federal capital gains tax
Transfer business interest to trust, receive income stream, and get charitable deduction
Sell to employees through tax-advantaged structure with potential tax deferral
Transfer future appreciation to heirs while retaining annuity payments
Exchange business real estate for other investment property to defer taxes
Current federal tax rates for married filing jointly (rates may vary for other filing statuses)
| Income Range | Rate |
|---|---|
| $0 - $47,025 | 0% |
| $47,026 - $518,900 | 15% |
| $518,901+ | 20% |
| All income levels | 3.8% |
| Income Range | Rate |
|---|---|
| $0 - $11,000 | 10% |
| $11,001 - $44,725 | 12% |
| $44,726 - $95,375 | 22% |
| $95,376 - $182,050 | 24% |
| $182,051 - $231,250 | 32% |
| $231,251 - $578,125 | 35% |
Note: State taxes, local taxes, and additional Medicare taxes may apply. Consult with a tax professional for complete tax planning.
When to implement various tax strategies for optimal results
Successful tax planning requires coordination among multiple professionals:
For professional tax planning guidance, contact Bridge Point Business Brokers at (352) 515-0226
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