Retiring has enabled me to stop doing many activities such as getting up early and commuting to work. However, there are some activities from which I won't get to retire.
I filed our 2011 tax return a couple of months ago since I applied for an extension. Although we got a large refund, I didn't enjoy doing the return. I had to learn a lot of rules that have no useful purpose except to complete our tax return to get our refund. Our tax return is actually more complicated than before I retired.
Even many of the 47% who pay no federal income tax have to file a tax return is order to pay zero taxes. So I guess it's wishful thinking to hope for not doing a tax return since I expect to always have some taxable income every year.
For more on Reaping the Rewards, check back every Friday for a new segment.
This is not financial or tax advice. Please consult a professional advisor.
Copyright © 2012 Achievement Catalyst, LLC
Subscribe to My Wealth Builder
November Income $3952.95
2 weeks ago
No comments:
Post a Comment