One of the biggest obstacles to your financial security is… Taxes! Tax reduction strategies, in and of themselves are not a financial goal. Although a reduction in taxes can certainly make it easier for you to achieve your financial goals and dreams. The lower your tax liability, the more you get to keep for yourself and the more you have to help accomplish your goals.
Remember the words of Supreme Court Judge Bernard Hand, “Over and over again courts have said that there is nothing so sinister in so arranging one’s affairs to keep taxes as low as possible. Everyone does so, rich or poor, and all do right. For nobody owes any public duty to pay more taxes than the law demands. Taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.”