776-Should You Cheat on Your Taxes to Save Money?
Radical Personal Finance
Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP
4.2 • 1.9K Ratings
🗓️ 16 March 2021
⏱️ 28 minutes
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Summary
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Transcript
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| 0:00.0 | Welcome to Radical Personal Finance, a show dedicated to providing you with the knowledge, |
| 0:04.0 | skills, insight and encouragement you need to live a rich and meaningful life now while |
| 0:09.1 | building a plan for financial freedom in 10 years or less. |
| 0:11.9 | My name is Joshua Sheetz, I am your host and today on the show, we're going to talk |
| 0:15.2 | about this simple question. |
| 0:17.2 | Should you evade your taxes in order to save on taxes? |
| 0:25.4 | I guess if I were going to try to use more emotional language, I would say, should you |
| 0:29.0 | cheat on your taxes in order for you to save money on taxes? |
| 0:34.0 | Should you simply say, I'm not going to pay. |
| 0:37.2 | No matter what they say, I owe, I'm just not going to pay them, even though they want |
| 0:41.0 | money from me and thus I'm going to save on my taxes. |
| 0:44.6 | Here are Radical Personal Finance as we come through tax season in the United States, |
| 0:48.0 | we're going to be talking about some new tax planning ideas. |
| 0:51.5 | And this is an idea that, well, of course, no financial planner or financial advisor |
| 0:55.4 | would advise it. |
| 0:56.5 | This is an idea that I think the many people, I don't know if the majority, but many |
| 1:00.4 | people have thought about doing is simply, well, I'll just not pay them what they say |
| 1:06.0 | that I owe them. |
| 1:07.0 | I'll just keep my money myself. |
| 1:08.8 | And I want to talk to you today about that idea. |
| 1:11.9 | Now, I'm not going to make a moral argument for you today. |
| 1:15.9 | And in fact, let me not bury the lead. |
... |
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