Byron Moore, CFP® and Mike Jones

Taxes

I paid more than half my income in taxes this year – what happened?

By Byron Moore, posted April 27, 2015

Originally published in The News Star and The Shreveport Times on Sunday, April 26, 2015.

Question: My CPA shocked me this year with the news that I owed the IRS more than half the income I earned. He said it had to do with my investments. I switched brokers last year, but I don’t understand why that mattered. They tax you for that?

Answer: You may a victim of your own success.

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