What’s the biggest difference between December and April, besides the weather? That’s right, December is tax savings month, whereas April is tax paying month. Here are seven of my favorite tips for being tax savvy and proactive.
A wise sage once told me, “When the government owes you taxes, now is better than later. But, if you owe the government taxes, later is better than now.”
A client recently asked if we could do a post about a financial challenge they were having, thinking it might be helpful for others who read this blog.
December is here and that means two important things on the calendar: holidays and tax planning. I know one’s a lot more fun to discuss than the other is, but this is the best time of year to look for deductions, credits or other ways to mitigate your taxes for 2014.
A New York State circuit court judge in the 1930s and 1940s named the Honorable Learned Hand famously said there were two tax systems in the United States—one for the informed and one for the uninformed.
As far back as the 1930s, a New York State judge, The Honorable Learned Hand, observed that there were two tax systems in America: “One for the informed and one for the uninformed. Both of them legal.”
Back in the 1930s and 1940s, an oddly named New York State circuit court judge (The Learned Hand) said that there were two tax systems in the United States: One for the informed, and one for the uninformed. I bring this up since many of you are seeing your accountants right now or planning to soon. Hopefully you’ll receive good news, but even if you don’t, never pay more than you really have to. Always be in the “informed group.”
Back in the 1940s, a New York Circuit Court Judge named the Honorable Learned Hand (yes his real name) often said, “There are two tax systems in the United States, one for the informed and one for the uninformed.” Seven decades later. Not much has changed, so it’s best to be in the informed group.
Tomorrow is Thanksgiving and it made me think about gratitude and how Americans have always been a very grateful, giving and charitable people. Alexis de Tocqueville, a Frenchman who came to the United States back in 1831, observed in his book, Democracy in America that “Americans of ages, conditions, and dispositions constantly unite to hold fetes, found seminaries, build inns, construct churches and distribute books.” He wrote further that he frequently admired the skill with which “the inhabitants of the United States manage to set a common aim to the efforts of a great number of men and to persuade them to pursue it voluntarily.”
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