Families and High Income Earner Tax

Most families go through a similar financial life cycle:

1. They start off savings and relying on both parents working full-time.
2. Then, more often than not, having one parent earn enough to cover most of the family expenses . This can cause a tax imbalance, where one income earner is heavily taxed and the family pays a higher tax rate as as result for a while.
3. And just when things are back to normal, it’s time to plan for the long term.