On Demand
Wrapping Up Finances
Thursday, December 20, 2007
Alvin Hall, personal finance expert and author of You and Your Money: It's More Than Just the Numbers (Atria, 2007), joins us for the month of December to discuss the end of year financial decisions you need to make.
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One thing that the government doesn't consider is that the more tax burden they place, the more people will avoid it. I moved to NYC to save up my money for a home. As soon as I have enough, I plan to move to a place where the cost of living is small, and make as little as I can per year (and thus pay less taxes) to live on and support my family.
What it boils down to is that the higher the burden, the more motivated I am to avoid it.
I do my taxes on turbotax and the program will automatically flag you if you qualify to pay AMT and will make you go through the calculations.
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