Racusin, Warren K.
August 1985
FE: The Magazine for Financial Executives;Aug1985, Vol. 1 Issue 8, p45
Trade Publication
This article reports that the cost of education continues to increase despite today's low rate of inflation. Because of this continuing increase in costs, individuals must plan creatively to finance their children's education. tax savings can be achieved by shifting a portion of one's income to those in the family who are taxed at lower marginal rates. In short, if income can be transferred to children who are typically in a lower-income tax bracket, the tax savings can be used to build a source of funds for college. The certainty of high college costs combined with the uncertainty of future tax legislation makes this a particularly valuable time to consider income-shifting as an integral part of a family's financial planning.


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