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Man is always under the pressure of wants and needs. Many-a-times his wants supersede his needs in order to fulfill his aspirations. It is ‘wants’ that make you pay more taxes on luxury products, while sidelining your ‘needs’. You should first procure items that are indispensable to your living. Gradually, you can move to the [...]

Taxes of any type and form always burden you. Your income, off and on, is half eaten by the taxes you pay. These taxes can be federal taxes, state taxes, local income taxes, payroll taxes, which include Social Security and Medicare, sales tax, excise taxes and property taxes. However, if you are intelligent enough, you [...]

Taxpayers can either be small-time investors working in various sectors or big investors like businessmen who have a big source of income. The aim of both of them is to minimize tax payments. Tax planning entails investing in the right schemes at the right time. You are a successful investor if you know what are [...]