You can benefit from Ben Franklin’s mistake...

1 Minute Tips

Date: 11/12/2018

 Your 1-Minute IMPACT YOUR WORLD TIP

You've probably heard the old saying from Benjamin Franklin, “In this world nothing can be said to be certain except death and taxes.”

This sentiment was echoed by Margaret Mitchell in her famous book Gone with the Wind, in 1936, “Death, taxes and childbirth! There's never any convenient time for any of them.”

Across the ages, everyone agrees that death and taxes must occur.

I was recently at my Uncle Wayne’s funeral… and yes, death is still inevitable.

But HIGH taxes are not inevitable!

In his book A Voluntary Tax, Columbia Law Professor, George Cooper, explains that there are only two reasons to pay unnecessarily high taxes: 1) Taxpayer Indifference or 2) Poor Planning Advice.

Many of the very wealthy develop a strategy for taxes by working with someone skilled in income, capital gains, and estate tax reduction.

Pay your fair share… never more.

Tax evasion is illegal.

Tax planning is LEGAL.  In fact our federal government has incented our system to help us plan for it.

Perhaps, ole’ Ben Franklin was wrong. Maybe taxes—at least high ones—aren't inevitable after all!

Take the time to find out if you are over-paying.

 

Jay Stark, B.Comm., CFP
Certified Financial Planner

 


 
"Don't simply retire from something; have something to retire to.”
                                                      - Harry Emerson Fosdick
 

 

inspire engage impact
We serve our clients by providing expert advice in financial planning, benefits & pension and personal development