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War, Oil & Wall Street, Short-Term Winners and Losers

War, Oil & Wall Street, Short-Term Winners and Losers

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  • What is the difference between tax filing and tax planning? Tax filing is reporting last year's income and paying the tax you owe. Tax planning is a year-round strategy that uses the tax code intentionally — through bracket management, deductions, retirement contributions, and income engineering — to legally reduce future tax liability and protect long-term wealth.
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