Taxes and Private Wealth Management formulas

[johntavv]

Is everyone just memorizing all the formulas in taxes and private wealth management reading:
- Accrual tax, deferred capital gains tax, wealth based tax, effective capital gains tax, accrual-equivalent after tax return, accrual equivalent tax rate, Tax-deferred account, Tax-exempt account, etc…

 

[kjsgbp]

Yes. They’re much easier and there’s a lot less of them than on previous exams so this shouldn’t really be an issue. Also, many of them are quite intuative if you understand how to calculate compounding returns.

 

[meijiblack]

yes, unlike option formuals, these are actually doable.

 

[arigolden]

Exactly. They are pretty easy to remember once you have written them out a few times. The gift/bequest formulas for example aren’t that bad at all (they all have the same denominator).
We have private wealth tax, estate tax (gifts/bequests), blended tax and Rae/Tae. Did I miss anything?