- Special Points of Interest
- Take $50,000 from your 401(k) without paying tax or early withdrawal penalty.
- Earn $46,000 additional income without paying taxes.
- A soccer Mom or Little League Coach? How about a healthy tax deduction.
- Have Uncle Sam pay for Life Insurance for you and your spouse.
- Give your kids or grandkids $5,000 of your earnings and neither of you pay any income tax on it.
Until you are paying only your fair share of taxes, will the government be forced to look to the largest companies to pay their fair share.
The dilemma is most taxpayers are either too busy working, taking care of family matters, or keeping up with the house and other chores to be able to devote any real significant time to tax planning.
Everyone worked until April 23rd in 2005 and until April 26th in 2006 to gain tax freedom. Everyone worked an additional 4 days in 2007, until April 30th to pay their taxes. After that day they get to keep the rest.
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There is a way to be working for yourself from January 1st of each year. |
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