Every taxpayer has the right to organize their affairs in a way to reduce income taxes.
There are many tax rules and "phase outs" of tax benefits. The "phase outs" have many different income levels.
The adjusted gross income can be reduced so the "phase outs" don't cause higher income taxes, by simply making various choices.
Some of the choices of actions include:
• Time the sale of assets that will recognize long term capital gains. The current low rates on long term capital gains (held more than one year) are a bargain. For taxpayers that don't have an income …