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CNBC Squawk On The Street

Joseph Perry, Partner-in-Charge, Tax & Business Services, Featured on CNBC Squawk On The Street's Segment "Big Tax Surprise Looming For High Earners"

Featured: Joseph Perry, Partner-in-Charge , Tax & Business

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Attention high-income earners: Be prepared to pay more in this year's tax bills.

How much more? That depends on your income, deductions and exemptions, but according to Joe Perry, a partner overseeing tax and business services at Marcum, about 1,200 of his clients earning more than $400,000 will see their 2013 tax bills grow by an average of 7 percent compared to 2012. The changes amounted to a total of $250 million more in taxes this year, he told CNBC on Thursday.

"People are aware of the changes, but I don't think they are prepared for the changes," Perry said on "Squawk on the Street."

Joseph Perry, Marcum Partner, explains why high income earners are in for a big tax shock this year and shares how effective tax planning can help ease the tax bill.
 
Featured
Joseph Perry

Partner-in-Charge
Tax & Business
Melville, NY
 
 
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