There are only two absolutes in this life – death, and taxes.
We’ve all heard this before (I’ve probably even said that very statement in previous emails). It doesn’t make it any less accurate.
There will always be taxes. We commonly see them attached to things we own, want to own, or haven’t even had a chance to think about owning.
Our homes, paycheques, and purchases all get taxed. But what if someone said that they would tax you for having facial hair or using the bathroom? You’d probably call them insane and walk away laughing.
But, the truth is, some bizarre taxes have existed in the past.
For example, New York City has a special tax for prepared food, as well as for selling it, so you’re getting double-dipped when you sink your chompers into an NYC bagel. (But, let’s be honest – it’s worth it.)
Some time ago, Japan imposed a tax on whiskey based on the alcohol percentage, leading producers to water down their product to avoid paying it.
And finally, home renovation buffs cringe at the thought of having to pay taxes on printed wallpaper, which was the case in 1700s England. This was easily avoided by putting up plain paper and then painting designs on it.
As many strange taxes as governments have come up with, regular folks have become just as good at getting around them.
Fortunately, while annoying, our taxes are mostly reasonable, and there are ways to minimize what we have to pay.
There are so many legal ways that you can save your money from the taxman, and we want to be the ones to help you do it. Call us at 513-563-PLAN (7526) or go online to book your free 15-minute consultation – let’s talk strategy.