In recent years, Americans have lost their thrifty, self reliant attitudes and adopted a “just throw it away and buy a new one” lifestyle. Sweden has noticed a similar trend amongst its citizens, and has decided to use their tax laws to change it.

 

Key Takeaways:

[:18] For generations, Americans fostered a culture of thrifty self-reliance and repair.

[1:04] We have become a “throwaway” society.

[1:44] Sweden has seen a similar trend.

[2:01] Sweden has passed a new law, cutting taxes on “fixing things.”

[3:41] These tax incentives should encourage Swedes to buy higher quality products, and repair them when they break.

[4:00] The new law will cost Sweden a significant amount of money.

[4:15] How is your tax plan looking these days? Is it still shiny and new? Or is it starting to show some wear and tear? Tax planning is an ongoing process that needs periodic maintenance and tuning. Let us help you. Visit FinancialGravity.com for more information.

 

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Financial Gravity