You want a lesson plan? I can design you a lesson plan.
What would you like to learn ?
You want a lesson plan? I can design you a lesson plan.
What would you like to learn ?
How to pay less in taxes, legally and without IRS resistance, as has been mentioned on the site, thanks.
Originally Posted by shikamaru
How deep do you want to go down that rabbit hole?
Two sides to taxes: the finance/accounting side and the legal side.
If you earn income, you are liable for tax. That's how I see it. Receiving income is the taxable activity.
I'm hoping others will chime in for I know some will disagree with what I stated above.
Here are some simple tips:
1) Dividend income is taxed at a lesser rate than working income. Shift from working income to dividend income.
2) Many people have too much of their income withheld. This overage is the "refund" you receive at the end of the year. Adjust your W-4 to boost your take home pay.
3) Tax avoidance is a valid strategy for reducing the amount one pays in taxes.
4) A business can be an excellent strategy for tax reduction as well as opening options for tax avoidance and reduction.
5) If you adjust your lifestyle, there can be tax reduction and tax avoidance strategies in there.
6) Discover how to qualify for various deductions, this can reduce your taxable income.
7) Discover how to qualify for credits, this can reduce and offset your tax liability.
The above is all my opinion, of course.
Last edited by shikamaru; 07-21-12 at 08:57 PM.
Think of all the activities you engage in throughout the day that are taxed i.e. using electricity, water, gas, shopping, driving, watching TV, tenuring land, etc.
You can re-engineer your lifestyle to reduce and/or eliminate these taxable events and activities.
If you have more time than $$, tax avoidance can be a fun and entertaining hobby
Treefarmer
There is power in the blood of Jesus
That is awesome.If you have more time than $$, tax avoidance can be a fun and entertaining hobby
Hello All.
Thought i would leave a quick little introduction here (wasn't sure the proper place). I have enjoyed reading/studying a great deal of the material here-and finally feel the remedy close at hand. Just wanted to give a great BIG THANKS to all who have put forth the effort to extend the knowledge that is so desperately needed. Of particular mention to David, I sure am glad you were trying to free the minds over there at the DailyPaul, my wife who is an avid DPer tipped me off to your latest posts ever there, and once i started reading i couldn't stop. I have been searching for truth and freedom for a few years now, and have always been let down in the end by all the "gurus" lack of anything concrete- just a bunch of theories and best guesses. When i seen your material, everything i had learned in the past and had moved on from because of lack of proof, clicked in to place so completely thanks to the missing piece of the puzzle which you supplied. Now i can truly understand the SC opinions about the income tax, and the fact that it IS a voluntary tax system. What a relief it is to finally see the way out.
Again, a big thanks to all of you for helping dismantle this veil of illusion. I look forward to having future conversations with all you.
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