The “Kiddie Tax”

The government started it in 2006 as a way to give a break to families whose children have investments in their name. But, guess what…of course there was an ulterior motive. What is this crazy tax? Sounds made up doesn’t it? I made sure to do some checking because I couldn’t believe that this is the actual term used by the US government to qualify the capital and investment gains our children receive. I LOVE IT! Kiddie tax. Anyways, back to the point. This tax and it’s new rules has another function, to keep parents, especially those in the higher tax brackets, from...