Skip to content

Poppsers Blog

  • About Me
  • Contact
  • Privacy Policy

Poppsers Blog

My life online

Can I avoid paying taxes?

May 4, 2020 by Ngw5t0dciE

Courtesy-talk-business

Is it possible to avoid paying taxes? No, not it isn't no matter what kind of strategy you apply. Especially avoid these things: 

  1. Don't go purchasing annuity – Now you may think what's an annuity. It's either an investment or a savings account at an insurance firm. Insurance firms will make a lot of money of your money, and the benefits returned aren’t as great.
  2. Don't keep a pending mortgage –Do not miss out on pending mortgages just to save on taxes. The removal you get for your mortgage is not dollar to dollar. So basically, you end up paying more with interest.
  3. Investment in a retirement account –You can’t open a retirement account if you want to fall under a lower tax bracket. Now the money you put into the IRA is tax-free but the catch is it will be taxed once you remove it. So, you end up paying either the same amount or more. This is not the right choice to make so avoid doing that.
  4. Avoid investing in excessive life insurance policies – In the long run, they sound very beneficial and tempting but that's not the case. In case you die, your family receives only the face value of the insurance, so you end up paying a lot of premiums, which you could have saved and invested elsewhere.

So be on a safe side, avoid these kinds of schemes and hire a good attorney or accountant from accountants in Coomera who will help you out in all your tax-related issues.

Post navigation

Previous Post:

Medication Management Is the Key To Improve Quality Of Life In Seniors

Next Post:

How Advantageous Employee Life Insurance Is To Your Corporation

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Categories

  • Business
  • Business and Management
  • Education
  • Health
  • Health and Fitness
  • Home and Garden
  • Legal
  • Marketing and Advertising
  • Other
  • Pets
  • Technology and Gadgets
  • Travel
  • Travel and Leisure

Recent Posts

  • How To Become A Software Developer
  • What makes a successful training video
  • Do You Know What Managed Print Services Are?
  • The Amazing Benefits of Green Tea for Weight Loss
  • Guide On Managed Cybersecurity

Recent Comments

  • A WordPress Commenter on Kuala Lumpur – One of My Favorite Cities
© 2023 Poppsers Blog | WordPress Theme by Superbthemes