Iowaluck - 8/25/2023 07:48
My way of thinking is make as much money as possible and let my tax man figure out the taxes. I pay him to get my taxes as low as possible. I hear farmers talk all the time about how they try and make as little as possible to avoid taxes. If I had to pay a million dollars in taxes I would be happy because that means I made a lot of money. If you make decision based on lowering your income tax you are probably your your actual income.
My goal has always been to increase my net worth and paying a bunch of taxes doesn’t accomplish that. Making long term investments that provide both additional future income and a lower tax liability is how the rich get rich. |