November 5, 2013
It has been a good year. I have had many pains this year, but also gains. And with those gains I always have to remind myself and clients that gains cause more pains. Sending money to the governments is never fun. The rule is simple though; if you make money, you pay tax. Sometimes it is a hard pill to swallow. Some people think, why give that much effort to make money when one has to share it with the government? I always say “it is better to make more and pay tax, because one will still get ahead financially from their efforts.” Of course this only stays true if the tax rates don’t drastically increase to 50% or 60%.