All businesses are subject to taxes. While the concept is simple, the
government takes a percentage of earnings as the cost of allowing a
business to operate in its jurisdiction. How much that percentage
actually is can vary considerably. Because the relevant tax code at both
the federal and state level includes so many laws, exceptions,
exemptions and reductions, a considerable amount of savings can occur
with the right analysis and tax return filings.
Your home mortgage is probably your single largest monthly expenditure.
Most people look at that payment as a fact of life -- you need a place
to live, after all. Have you ever considered, however, paying off your
home loan? Most home mortgage plans allow for prepayment, and there are
many good reasons to do so.