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Latest revision as of 18:14, 22 September 2024

Tax, it's not a dirty four letter word, but for many of us its connotations are far worse than any problem. It's been found that high tax rates generally relate to outstanding social services and high standards of just living. Developed countries, from where the tax rate exceeds 40%, usually have free health care, free education, systems to manage the elderly and a large life expectancy than people lower tax rates.

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People hate paying overtax. Tax avoidance strategies are entirely legal and could be taken advantage of. Tax evasion, however, isn't. Make sure you know where the fine line is.

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