[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fabFj1l06_XQdchmryNrSb0eE3KhU9eM0Ts49_knEBUQ":3,"$f-TjuEKTvACQ_2rA0jY7WAF71SpiKftYMZy4FAABLjlM":12},{"author":4,"tags":11},{"author_id":5,"author_name":6,"author_name_first_letter":7,"article_count":8,"bio":9,"short_bio":9,"slug":10,"image_url":9},158479,"Mark Luscombe","M",22,null,"mark-luscombe",[],{"quotes":13,"pagination":127},[14,27,38,49,61,72,83,94,105,116],{"id":15,"quote_text":16,"author_id":5,"source_id":17,"has_image":18,"author":19,"source":20,"quote_tag":21,"commentary":9},1929456,"For taxpayers, it means doing your taxes twice.",4,false,{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[22],{"id":23,"tag":24},4918088,{"id":25,"tag_name":26},13838,"means",{"id":28,"quote_text":29,"author_id":5,"source_id":17,"has_image":18,"author":30,"source":31,"quote_tag":32,"commentary":9},1929454,"I can't tell you why there hasn't been a hue and cry about this. Maybe it's just because the baby boomers aren't quite old enough to be affected by it yet.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[33],{"id":34,"tag":35},4918084,{"id":36,"tag_name":37},4984,"babies",{"id":39,"quote_text":40,"author_id":5,"source_id":17,"has_image":18,"author":41,"source":42,"quote_tag":43,"commentary":9},1929451,"Generally, the unemployment rate is pretty low. I'm not sure they do at this point.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[44],{"id":45,"tag":46},4918082,{"id":47,"tag_name":48},23125,"rate",{"id":50,"quote_text":51,"author_id":5,"source_id":17,"has_image":18,"author":52,"source":53,"quote_tag":54,"commentary":60},1929447,"By splitting up a large distribution and taking part in December and part in January, you may avoid moving to a higher tax bracket in either year, and keep more of your Social Security benefits from being taxed as well.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[55],{"id":56,"tag":57},4918079,{"id":58,"tag_name":59},1241,"avoid","**The Backstory**\nThis quote is attributed to Mark Luscombe, a renowned tax expert and author. The era in which this advice was given was likely during the 1980s or 1990s, when tax laws were undergoing significant changes, and the concept of tax brackets and Social Security benefits was evolving. As a tax expert, Luscombe would have been well-versed in the intricacies of tax law and its impact on individuals.\n\n**The Hidden Insight**\nThe hidden insight in this quote lies in the subtle acknowledgment of the tension between financial optimization and moral simplicity. On the surface, Luscombe's advice appears to be a clever strategy for minimizing tax liabilities, but upon closer examination, it reveals a more nuanced perspective on the complexities of tax law and the human desire to keep more of one's hard-earned income.\n\n**How to Use This**\nIn today's fast-paced professional landscape, Luscombe's advice can be applied by considering the long-term implications of short-term financial decisions. Rather than simply focusing on maximizing income or minimizing taxes, professionals can adopt a more strategic approach by carefully planning their financial moves to optimize their overall financial situation, just as Luscombe advocated for in the context of tax law.",{"id":62,"quote_text":63,"author_id":5,"source_id":17,"has_image":18,"author":64,"source":65,"quote_tag":66,"commentary":9},1929444,"In spite of all the talk about simplicity, in fact the tax code has gotten more complicated every year.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[67],{"id":68,"tag":69},4918076,{"id":70,"tag_name":71},9473,"code",{"id":73,"quote_text":74,"author_id":5,"source_id":17,"has_image":18,"author":75,"source":76,"quote_tag":77,"commentary":9},1929442,"Individuals who put up a displaced person at their residence for at least 60 consecutive days can get an added exemption of $500 per person.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[78],{"id":79,"tag":80},4918073,{"id":81,"tag_name":82},290447,"added",{"id":84,"quote_text":85,"author_id":5,"source_id":17,"has_image":18,"author":86,"source":87,"quote_tag":88,"commentary":9},1929438,"Increasing the length of the automatic extension will save taxpayers some time and trouble, but it's still smart to file as soon as you can.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[89],{"id":90,"tag":91},4918069,{"id":92,"tag_name":93},8553,"automatic",{"id":95,"quote_text":96,"author_id":5,"source_id":17,"has_image":18,"author":97,"source":98,"quote_tag":99,"commentary":9},1929437,"Once they file for an extension one year, it sort of becomes a habit. I know people who do it regularly who don't have any particular reason they couldn't have had their information together by April 15.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[100],{"id":101,"tag":102},4918066,{"id":103,"tag_name":104},18332,"april",{"id":106,"quote_text":107,"author_id":5,"source_id":17,"has_image":18,"author":108,"source":109,"quote_tag":110,"commentary":9},1929434,"The odds of winning the grand prize are less than one in 146 million, but it's a sure bet that if you do win a big jackpot, you're going to also have a big tax bill, with more than one-third of your winnings going to the IRS.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[111],{"id":112,"tag":113},4918065,{"id":114,"tag_name":115},15252,"bet",{"id":117,"quote_text":118,"author_id":5,"source_id":17,"has_image":18,"author":119,"source":120,"quote_tag":121,"commentary":9},1929431,"You don't have a filing requirement because you don't have a tax due. But if you had withholding, you've paid tax. It's worth your while to file a return to get your money back.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[122],{"id":123,"tag":124},4918062,{"id":125,"tag_name":126},49201,"file",{"currentPage":128,"totalPages":129,"totalItems":8,"itemsPerPage":130},1,3,10]