33. First Principles of Taxation

Saving and investing is incentivised in most western countries through tax benefits. Governments want to collect taxes to provide the services that they provide - but they also provide tax benefits for saving and investing because it is considered beneficial for individuals and society as a whole.

Channel: Education
Uploaded: January 2, 2008 at 3:01 pm
Author: savingandinvesting

Length: 03:26
Rating: 4.33
Views: 569

Tags: benefits business economics Fischer investing Michael money saving savingandinvesting.com tax taxation

Video Comments

beanfield200 (August 13, 2008 at 4:01 am)

These are great videos. Thanks for posting!

ProprietorOfSelf (July 18, 2008 at 6:13 pm)

"Saving and investing is incentivised in most western countries through tax benefits."any incentive that such breaks may have afforded are lost entirely on our monetary policy of deliberate and perpetual inflation.

savingandinvesting (June 26, 2008 at 6:09 am)

H&R Block most well-known, would check out website. Many (including me now ) use local accounting firm/office that comfortable with. TurboTax can be really helpful. Unless the return is extremely complex, all will yield same result, so more about convenience, cost etc. Studying form or preparing one shows what taxed/how gov thinks about tax - v important! Decisions (only partly tax driven-not main) before return key for most in my opinion - look at W Buffett on taxes. Hope it helps - best r.

BossGame (June 23, 2008 at 5:35 pm)

Getting my Tax returns done is a lil bit nerve wrecking,what is the best company or brokerage to get it done and how can I make sure I'm getting a good yield from my returns

MarkDouglasC (June 8, 2008 at 10:35 pm)

This guy is talking in bumper sticker cliches. He has no clue how lobbyist manipulate the tax code. Just tax all income types alike - quit screwing work. Work, ordinary income, self employed, small business, is taxed up to 300% higher than cap gains and dividends.I might invest 500K in my education or business,and take risk and provide jobs, but I pay up to 300% higher taxes than same 500K in Exxon.God bless exxon. God bless cap gains -- but why the futt should I pay 300% higher tax?