Friday, April 19, 2013

How to pay less taxes


We all would like to pay less taxes.  Here are a few ideas on how to have less of a tax burden.

First, demand less from your government.  We would all like better roads, bridges, and schools.  But infrastructure and free education come with a cost.  Keep your mouth shut when you are around politicians.  They love to take requests, create a big project, and tax us all.

Second, buy used.  When purchasing used items from someone locally, there isn't a sales tax.  So buy gently used items at rummage sales, garage sales, and off places like Craig's List.  Many times the used item has just as long a life as something new but at a fraction of the retail price.

Third, use a tax accountant.  Several years ago, we switched over to using a tax accountant.  He has seen things in our state and federal income tax that I never saw.  As a result, we have received more money back at tax time.  He has paid for himself every year.  I recently talked to someone who almost always does her own income taxes.  This year she had someone else do her taxes.  She too remarked that her tax accountant paid for himself.  Spend the money to get someones expert advice.

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