“Keep in mind that a dollar saved is worth more than a dollar earned.”

Top tax attorneys tell their business-owner clients that tax awareness may be the most important business skill they can acquire.

Here’s why a tax dollar saved is worth far more than a dollar of ordinary profit.

You must pay tax on your ordinary income—in a 40% federal and state bracket, almost half of everything you think you’re earning goes to the government. But a dollar saved in taxes is an after-tax dollar—you keep it all.

There are five situations where trade dollars earned are not taxable…
BARTER

This entry was posted on Saturday, March 29th, 2008 at 8:26 am and is filed under From The Street. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.