The biggest lifetime expense we ever encounter is neither a home nor a college education, but income taxes. One-third to one-half of all wealth we accumulate in our life time is dependent on our tax-reducing plan and not our income, investments, or retirement program. A tax plan that uses the tax laws to decrease instead of increase your taxes.
There are specific rules and regulations governing taxation, and our only obligation, as a taxpayer, is to meet those obligations while at the same time arranging our affairs to pay as little tax as possible.
Paying as little tax as possible is not only your our right but our duty- to ourself. If the government finds itself “short” in a given fiscal period it will undoubtdly find a new and interesting way of balancing its budget.
Plan for your own future, and be assured that the government will plan for its own also.
One question people ask: “Is paying less taxes really legal, patriotic, and moral?”
By following the tax laws and regulations when we use tax strategies, we automatically pay our fair share, even if your share amount is zero.
Two neighbouring families, each with 3, 00,000 annual income and two children, could both paying their fair share of income taxes, even if one family paid 5000 and other paid nothing at all. It is the way the system was designed.
People who pay more to help poor, homeless, education, health may find it surprise that very few of your tax money go to the poor or places you might prefer the money to go.
Paying taxes has nothing to do with the patriotism whether you pay a lot or none at all. The money goes to the economy whether paid to the government or used by you for a deductible purpose.
Sunday, April 5, 2009
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2 comments:
Well said. Hope you are doing well. Pl continue blog. Best Wishes.
THANKS FOR THE COMPLEMENTS.
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