June 28, 2013

Name 5 different types of taxes and 1 way  (per tax) you can reduce their effect on your life?

2 thoughts on “June 28, 2013”

  1. Thomas Graham says:

    Tax number one is sales tax. One way to lower this tax is to buy less stuff, and don’t eat out as much.

    Tax two is the gas tax. You can lower this tax buy only driving when it is necessary.

    Tax three is the taxes you pay when buying a new car. You can lower this by buying fewer cars in your life and buying cars that have been used before.

    Tax four is capital gains tax. You can lower this by holding your investments for a longer period of time, the more you buy and sell, the more taxes you will pay.

    Tax five is property tax. You can lower this by not buying a bigger house than you need, and not buying a house until you have enough money to afford all of the expenses that come along with being a homeowner.

  2. Mike Finley says:

    That was a GREAT answer, Thomas. I have little to add. The key point is this: You can complain about taxes or do something about them. I recommend you select the doing something about them approach. YOU will benefit.

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