The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Tax Deferred Annuity right for me?||Date: 4/27/2013 6:42 AM|
|Author: TMFPMarti||Number: 118494 of 121595|
They too often forget the upside of paying a boatload of taxes. You're making good money! Celebrate that now and again.
There is something wrong with your answer.If a customer comes in and says to you that "I paid 100 dollars for x product. But everyone else I talked to paid only 50. Did I pay too much?" You see the product and know you can get it for 33. Do you say: "You got money, don't worry about it?"
I'm not sure I understand your point, but I think you're referring to my comment in bold above. If so, you're mixing apples and hand grenades. We're not talking about the purchase of consumer goods, we're talking about paying taxes. True, taxes are partially payment for government services, but they are also part of our social compact, what Justice Holmes called "what we pay for a civilized society."
On strictly a purchase of services look at our system it seems to me that as a general rule the more you pay the less you get. We have a progressive system, so the more you earn the higher percentage of it you pay. But the more you earn the less you need in social services, medical assistance, funding for education, etc.
Government spending and tax policy are certainly fertile grounds for debate, but they have nothing to do with my response to OP, directed to OP's particulars. It's hardly novel. Just a restatement of "Don't forget to stop and smell the roses."
Rule Your Retirement Home Fool
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|