File Tax Help

Tax Relief Anyone? Start Your Own Business Now.

There is a lifelong high stakes game going on and it's called TAXES. Whether you are aware of it or not, YOU are player in this match. Your name was entered without your permission when you were born and you have no choice but to play. Unless of course you want to live your life as a hermit (and that sometimes does appeal to me).

You are not educated in the rules to this game in any public school. And if you don't know the rules YOU LOSE. I'm very sorry about that.

Taxation is the government's only form of income and in their eyes you and I are sources of income and we remain so until we die. From the government's viewpoint if your family is blessed to have a child, you have just created a new taxpayer.

There is a nasty trend happening now. Bankrupt governments everywhere are squeezing taxpayers more and more. Many methods which were available to taxpayers to minimize their tax load have been eliminated. Fewer tax shelters and deductions remain every year and more rules have been introduced to curtail tax planning. It is clear that the government's mission is to extract as much as citizens will tolerate.

The truth is that the brunt of the taxes is borne by those least able to afford them. Loopholes available to corporations and the wealthy mean that many pay very little income tax. Not so for those on fixed wages. Before you even see your paycheck the government has already grabbed a large portion of it. At tax time some of that money is paid back but does the government pay you interest on the money it borrowed from you and held all year?

The citizens are overtaxed and the taxation system is cumbersome and unfair. In 2009 General Electric reported earnings of over $10 billion and not only paid nothing in taxes, it recorded a tax benefit of $1.1 billion.

For the government, the process of collecting income tax is somewhat like the farmer who plucks feathers from his geese. The farmer collects the most feathers from the geese that hiss the least.

I live in Canada and here we have the right to bring our case before a tax court if we feel the government has unfairly assessed our income tax.

A tax court can be a public relations disaster for the government and they will avoid it if at all possible. The geese start to notice when the government is heavy handed and there could be a revolt if the word gets out often enough .

By hissing and biting and standing up for your rights, the odds are decent your auditor just might move on and choose a more compliant goose.

Here's a word of advice. If you don't already own one, start a business RIGHT NOW. Reduce your income with legitimate business expenses. Also, start looking around for expert advice on protecting your rights as a taxpayer.

Watch the video of this article, and visit Dev Khalsa's site to learn more about how to be successful in your own business.

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