A Tax Penny Saved Is A Tax Penny Earned #WMWeek17
When we talk about money and investing the focus is often on how to make more, but as Ben Franklin famously stated, a penny saved is a penny earned. Because of this, an important component to smart money management is reducing its outflow. Over the course of our lives our largest expense is not our house or the sum total of our cars and their expenses. The largest expense for most Americans comes in the form of taxes. When we understand this and also understand that there are opportunities to make more money while reducing our marginal tax burdens, seizing these opportunities becomes obvious.Taxes are very complicated and there are numerous taxes that involve almost every type of transaction.But you don’t need to be a tax lawyer or CPA to…
