Donate
Donate

Take advantage of these tax tips

Larry Kotlikoff, TAXES

By Larry Kotlikoff

Originally posted at The Seattle Times, April 2017

We have until April 18 to file our taxes this year. I know no one who likes paying taxes, even though Uncle Sam badly needs every penny. If everyone paid their fair tax share, it would be one thing. But they don’t.

The biggest offenders are the superrich. They have a simple, legal means to pay zero taxes. Invest in assets, like land, that pay out zero taxable income and borrow against this wealth to fund spending. No taxable income? No taxes. This is true regardless of whether the top income-tax rate is today’s 39 percent or 33 percent, as per the House Republican tax plan. MORE

John C. Goodman is President of the Goodman Institute and Senior Fellow at The Independent Institute. His books include the soon-to-be-published updated edition of Priceless: Curing the Healthcare Crisis, the widely acclaimed A Better Choice: Healthcare Solutions for America, and New Way to Care: Social Protections that Put Families First. The Wall Street Journal and National Journal, among other media, have called him the “Father of Health Savings Accounts.”

0 Comments