Taxes Will Either Make You Rich or Make You Poor

Taxes touch every part of our lives. Any time we spend money or make money, it can impact our taxes – for good or for bad. Fortunately, we have a lot of influence over whether the impact is good or bad. It’s all a matter of understanding the tax law.

Taxes are part of our world and will always be part of our lives. So, instead of complaining about them and hoping for parliaments and legislatures to make them fairer, let’s simply understand them and put them to good use in our lives.

Taxes will either make you rich or make you poor. The tax laws of all countries are written to encourage certain activities that benefit the economy and promote social policy. It’s our job to understand and take advantage of the tax laws as they are written.

Taking advantage of the intended benefits is doing what our governments ask us to do. Invest where they say to invest and you get a tax benefit. Put your time and talents into activities that produce jobs, housing, and grow the economy, and you get tax benefits. In many ways, utilizing the tax code to the fullest to save as much money in taxes as possible is one of the most patriotic things you can do.

After all, the tax law is really a map-a treasure map. As you follow this treasure map, your taxes go down and your profits and investment returns go up. Enjoy the treasure hunt, and you will find that your financial freedom is closer than you think.

Focus on your wealth!
By: Tom Wheelwright – Tom’s firm provides my tax advice and wealth planning. I encourage you to check out