Why are we over paying taxes? – Lower Taxes
As of the first week of April, 2015, 99 million taxpayers had filed their individual returns with the IRS, of those 77% had been paying too much in taxes. Meaning 77% of Americans have a pocket leak that needs to be fixed. Most don’t even know it, but now you do and we can help fix this !!The First Strategy, Minimizing Taxes is essential because Americans lose about 1/3 of their income to taxes. You can grab more of your 1/3 by using a strategy. Correct Tax Withholding is important because 80% of all employees have too much money withheld from their paycheck for taxes. When too much money is withheld, you are unable to use that money. With one simple strategy you can increase your take home salary by 10-45% without negotiating with anyone. Just changing a form that you filled out long ago and probably haven’t revisited. The strategy is amazing, because if an employee increases his take home pay by $500 monthly and invest it at 8% Rate of Return, he will have almost $175,000 in 15 years and over $745,000 in 30 years.
Even now, we discover with a little research that according to the Tax Policy Center, 43.3 percent of American households paid no federal income tax in 2013, a percentage that may sound alarming. But income tax is not the entire story. Other taxes, such as those levied on property, cigarettes, gas, liquor, Social Security, and state and local taxes, ensure that virtually no one gets off scot-free.