Is it possible that the government doesn't want you to pay taxes?

Eric thinks so (with the caveat that you should talk to your CPA and not just him) and this week, he explains why he thinks so.  With over 90% of the tax code being made up of rules for credits and deductions, it seems that the tax code itself is set up to be used to decrease your tax liability.  Eric and Michael discuss the meaning of contracts, and the difference between the content of a contract and the context of a contract.  Any contract is written and then able to be interpreted in different contexts by different people, and the same approach can be applied to your taxes.  They discuss a few interpretations of the tax code that are useful to know for your own business, and how the government wants the business owner to keep more of their profit to be able to then employ others who will go use their earnings on taxable events, stimulating he GDP.  They conclude that the most honest thing you can do is understand all of the benefits of the tax code so that you can continue to make your employees' and your family's lives better.

Check out Tom Wheelwright, who Eric mentioned in the episode, to learn more about tax planning

https://tomwheelwright.com/