Our gub'mint taxes those of us who actually save money. I recently read in the WS Journal that nearly 80% of American citizens now days have no, repeat NO, savings accounts or saving programs of any kind. Do you think these folks are living beyond their means? Duh!
Talk to a financial advisor about what you can do regarding non-taxable investments.
My wife and I are both employees of the local school district. We own our home (no mortgage deducts there), own three automobiles plus the latest R65 buy and have no, zip, nada monthly revolving charge account bills. Have one credit card that we utilize and pay off in full every month. No interest charges, ever. Interest paid bad... Interest earned good.
We also participate in our employer school district's 403b investment programs with pre-tax salary dollars. Consider hooking up with a broker who may save you from paying Uncle Sugar. Yes, the broker gets a piece of my pie but I'd rather pay her and myself that the crooks in DC.
Just don't stand still and bend over. Pay yourself, not the IRS. Start now!
