It’s Tax Day !!!

This is the dreaded TAX day when we all have to send checks to the IRS..in one form or another

I was reminded of a statement made by a friend and well known banker years ago.. As tempting as it is to seek tax relief through write offs (tax incentives) especially on this day.. it is foolish to make decision only  for the tax benefits, which  in many cases do save taxes  in the form of losses.. It is much wiser  to make sound investment choices first and then if it has tax benefits so much the better..

The reason an investment  will have a tax incentive is generally because they have a high risk of failure. Risk and Reward walk together..no matter what the situation might be.

Another friend after paying his taxes said “well the rest is mine and I can do with it what I want without the fear of losing it”.

Will Rogers once said “the return OF my money is a lot more important than the return ON my money.”

HAPPY TAX DAY…I think