Chris is in the 50% tax bracket in year 1 but congress has decreased his...
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Accounting
Chris is in the 50% tax bracket in year 1 but congress has decreased his tax bracket to 30% for year 2. Which of the following would be an appropriate tax planning strategy for Chris?
A)Difer income until Year 2
B)Accelerate income into year 1
C) Defer deductions until year 2
D) Elect out of bonus depreciation for year 1
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