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Old 05-08-2014, 09:13 AM   #24
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Quote:
Originally Posted by tiger_handheld View Post
So you agree with OP's suggestion... I see..ok. To each their own right

You expect the government to tell you how to save on taxes? Really? Thats like some e-com site saying, "oh our regular price is $100 for the item, but WAIT, don't buy today, next Friday we have a 90% off sale, where you can get the same item for $10. "... Really?? ... you probably have an arts background.
No, I'm saying that because it doesn't tell everyone how to save, it leaves such opportunity to those fortunate enough to hire dedicated accountant or lawyers to come up with ways to minimize taxes; leaving the tax burden to the rest of the society.

The tax structure is supposedly to be relatively fair so everyone benefit equally from the gov's expenses. And that's why we have tax brackets. In reality though, it's not really the case.

My parents' income are 10x of mine and yet their effective tax rate is much lower. All because they can afford paying some smartass 13k a year to manage their taxes for them. All they do every year is to sign a few papers and voila.
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