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The time now is 07/27/08 - 00:23

How to reduce overall tax?


RealCool.BIZ Forum Index -> Tax -> Tax Planning / Exemption Investigations

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munroe
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Joined: 04 May 2006
Posts: 5



PostPosted: 12/01/07 - 06:59    Post subject: Reply with quote

What is overall tax and how to reduce it? Is a fix tax rate the most that can be done? Can the tax even be lowered?
What determines it? The amount of money one have? Perhaps the tax can be completely avoided if we all make as a present but we cannot make it all can we?
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ezra
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Joined: 28 Jun 2007
Posts: 6



PostPosted: 12/30/07 - 22:06    Post subject: Reply with quote

There are taxes like ones on the sales not the income, that are regressive. Which means that greater the amount to which it applies lower the tax. So to reduce it you need greater wealth. It is no good if the tax is flat because it would drop with its amount so the people with less amount of money would pay more.
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