Looks like the economy meltdown, is causing an intense look at how money is
being spent and where is it all going.
The Credit Card businesses are helping to crack down on THe hefty Tax evaders , whether its
No credit , bad credit , somehow imformation is being gathered together in regards to those consumers ,
who open foreign bank accounts or Offshore accounts. Certain companies in the Credit Card business
are uniting with an IRS program thats been in operation for some time . The consumer with these
Offshore accounts may be advoiding the taxes due on income earned in these accounts. .
An educated consumer is the way to go , start looking into a Tax Free income.
You can invest in a Tax Deferred income , there are several ways to do this . , There are
Individual Retirement accounts , there is Health and Educational savings ,, and the Employer
retirement plans , such as a 401K ..etc… There are CD investments starting with 6 months ,,etc..
Savings bonds ,… its a way of saying .. Hands off my money IRS …..
Just do your homework , there are a list of strategies , to better keep at least most of your
hard earned money .
SO KEEP AN EYE ON YOUR SPENDING AND SPEND AND SAVE WISELY …
REMEMBER THE SUMMARY IS ALL EYES ON THE GREEN .
Published in: Personal Finance