Ep 31 - Paying Tax Is Actually Good! Wealth Experience podcast

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Ep 31 - Paying Tax is Actually Good!

13d ago 11:57

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We have all heard Benjamin Franklin’s famous quote: “…𝑖𝑛 𝑡ℎ𝑖𝑠 𝑤𝑜𝑟𝑙𝑑 𝑛𝑜𝑡ℎ𝑖𝑛𝑔 𝑐𝑎𝑛 𝑏𝑒 𝑠𝑎𝑖𝑑 𝑡𝑜 𝑏𝑒 𝑐𝑒𝑟𝑡𝑎𝑖𝑛, 𝑒𝑥𝑐𝑒𝑝𝑡 𝑑𝑒𝑎𝑡ℎ 𝑎𝑛𝑑 𝑡𝑎𝑥𝑒𝑠,” and in this episode of 𝐖𝐞𝐚𝐥𝐭𝐡 𝐄𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞, Teneale & Kelsey try to convince us that taxes are in fact a good thing!

After all, they do play a surprisingly beneficial role in society. From funding essential public services like schools, hospitals, and infrastructure, taxes are the backbone of a functioning society.

Kelsey & Teneale discuss the importance of tax planning for both individuals and businesses, along with covering what a Div7a loan is. Tax rates do change from time to time, and there can be complexities depending on your circumstances. It can be a wise decision to engage a tax specialist or accountant.

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