New information and links we believe you'll find helpful are being added continuously. Please add us to your bookmarks and check back here often. Right-click on the button below, and then click on "Bookmark this page."
Are taxes taking an unwelcome bite out of your paycheck? What a silly question! Who wants to pay 30 - 50% of your income, off the top, to someone else?
We've all heard the old joke,
"Only two things are certain, death and taxes!"
For most of us, taxes are our single largest expenditure, with the possible exception of a mortgage.
Most middle class Americans pay nearly 50% of their income in some form of taxes! Each year, we work from January into May JUST to pay our taxes. Only the money we earn from May through December actually makes it into OUR pockets!
So, if you're a typical individual taxpayer, in order to have $1.00 to spend, you'll have to make $2.00, because Uncle Sam gets his share first.
But it doesn't have to be that way!
It is quite true that America has two separate tax systems, but they aren't the two most of us instantly think of. We generally think the two are:
one for the rich, and one for the rest of us.
However, US Supreme Court Justice Learned Hand explained in 1934:
"There are two systems of taxation in our country: One for the informed, And one for the uninformed."
Which would you rather be?
Join the ranks of the informed taxpayers, and stop paying more than your fair share!
The American income tax system has become so complicated, no one person can possibly know everything in it, not even a tax professional.
Consider these facts -
Today's US Tax Code is more than 45,000 pages
The tax code was altered 7,000 times in the five-year period between 1996 and 2001
Americans spend 6.1 billion hours each year learning tax rules and filling out tax forms
Thanks to South Carolina Senator Jim DeMint for listing these useful statistics on his web site.
No one is as familiar with your activities as you are, so no one is better situated than you to know whether your activities qualify for various income tax deductions. Even if you use an accountant, he or she can't tell, simply by looking at the numbers or receipts you provide, whether to recommend additional deductions. YOU have to tell him or her which of those numbers represent deductions.
That is why it is critical to your financial future for you to educate yourself as thoroughly as possible about income tax deductions that you can qualify for.
How much better would your financial picture look if you didn't have to pay 30% to 50% off the top in income taxes?
One of the best ways to take advantage of the deductions built into the US Tax Code is to own your own business! And in these technologically advanced times, that's not nearly as complicated or expensive as it used to be.
There are many different businesses which can be operated from your home, and operating a home-based business can be your ticket to lower taxes, which means more of the money you earn actually stays in your pocket!
For a list of more than 250 deductions available to business owners, see our
Tax Deductions
page.
Let's make it clear that we are not advocating anything that is illegal in any way. All of the secrets you will find here are totally legitimate. They have been used for centuries by America's wealthiest families to reduce their income taxes and thus grow their wealth even faster.
We believe that America's military families deserve no less.
If your AGI (adjusted gross income) for 2006 is $52,000 or less, you may qualify for FreeFile, a tax preparation and filing service offered through a partnership between the IRS and a group of tax software companies. It permits you to use tax preparation software to prepare your return and file it electronically for free IF you meet the program requirements. In order to use the services for free, you MUST enter via the IRS web site. For more information, see the FAQs on the IRS web site
here.
If you would like to suggest additional topics to be covered here, please use our
Contact
form, or our
Here's My Problem
form.
New information and links we believe you'll find helpful are being added continuously. Please add us to your bookmarks and check back here often. Right-click on the button below, and then click on "Bookmark this page."
Are taxes taking an unwelcome bite out of your paycheck? What a silly question! Who wants to pay 30 - 50% of your income, off the top, to someone else?
We've all heard the old joke,
For most of us, taxes are our single largest expenditure, with the possible exception of a mortgage.
Most middle class Americans pay nearly 50% of their income in some form of taxes! Each year, we work from January into May JUST to pay our taxes. Only the money we earn from May through December actually makes it into OUR pockets!
in order to have $1.00 to spend, you'll have to make $2.00,
because Uncle Sam gets his share first.
It is quite true that America has two separate tax systems, but they aren't the two most of us instantly think of. We generally think the two are:
and one for the rest of us.
However, US Supreme Court Justice Learned Hand explained in 1934:
One for the informed,
And one for the uninformed."
Which would you rather be?
Join the ranks of the informed taxpayers, and stop paying more than your fair share!
The American income tax system has become so complicated, no one person can possibly know everything in it, not even a tax professional.
No one is as familiar with your activities as you are, so no one is better situated than you to know whether your activities qualify for various income tax deductions. Even if you use an accountant, he or she can't tell, simply by looking at the numbers or receipts you provide, whether to recommend additional deductions. YOU have to tell him or her which of those numbers represent deductions.
That is why it is critical to your financial future for you to educate yourself as thoroughly as possible about income tax deductions that you can qualify for.
How much better would your financial picture look if you didn't have to pay 30% to 50% off the top in income taxes?
One of the best ways to take advantage of the deductions built into the US Tax Code is to own your own business! And in these technologically advanced times, that's not nearly as complicated or expensive as it used to be.
There are many different businesses which can be operated from your home, and operating a home-based business can be your ticket to lower taxes, which means more of the money you earn actually stays in your pocket!
For a list of more than 250 deductions available to business owners, see our Tax Deductions page.
America's military families
deserve no less.
Special IRS Information for Members of the Armed Forces
Armed Forces Tax Guide from the IRS
One-time Telephone Excise Tax Refund for 2006 Returns
Free Preparation and Filing Help:
If your AGI (adjusted gross income) for 2006 is $52,000 or less, you may qualify for FreeFile, a tax preparation and filing service offered through a partnership between the IRS and a group of tax software companies. It permits you to use tax preparation software to prepare your return and file it electronically for free IF you meet the program requirements. In order to use the services for free, you MUST enter via the IRS web site. For more information, see the FAQs on the IRS web site here.
If you would like to suggest additional topics to be covered here, please use our Contact form, or our Here's My Problem form.