UNDERSTANDING TAX LIABILITIES
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CHAPTER II UNDERSTANDING TAX LIABILITIES
“If you want to thrive in today’s economy, you must challenge the status quo and get the financial education necessary to succeed.” Robert Kiyosaki Author, Motivational Speaker: Rich Dad, Poor Dad
Keeping More of What You Earn The harsh reality of essentially getting your tax liability to zero is nearly impossible. Especially, if you are a high-income earner with an employer sponsored pension. In the absence of achieving a zero-tax base, the next best thing is reducing your tax liability as low as feasibly possible. When planning for retirement the contributions deposited into investment accounts are either pre-tax, after-tax or both. Knowing the
