Gross income is the total of all income you receive before taxes. It’s also called pre-tax income. Net income is your income after taxes (or take-home pay). Your gross income figure will always be ...

Forbes contributors publish independent expert analyses and insights. Admitted NY Bar and US Tax Court, covers US international tax law. The Net Investment Income Tax thresholds aren't adjusted for ...

High-net-worth individuals who are in the highest tax bracket should implement an investment strategy to avoid tax traps. “Tax planning is a crucial aspect of financial management, especially for high ...