It is the right, and IMO, duty of every citizen to structure their financial affairs to pay as little tax as possible and to avoid paying taxes whenever possible. Tax avoidance is not illegal, tax evasion is. The two are completely different from each other. Avoiding income tax is not the same as evading it. If you have ever contributed […]
Read MoreJust 26 days after passing the 6,000 RSS readers mark, this blog has broken the 7,000 RSS milestone – the FeedBurner chicklet is showing 7,107 RSS readers. What that means is 7,107 people read this blog with the full feed RSS yesterday. Today’s figure will be available tomorrow. I predict it will go higher. I have wrote several articles on […]
Read MoreWhen a business hires employees, they can write off the full cost of the workers because the money paid to employees for work is taxable income. This helps maintain the “income should only be taxed once” rule. If the business can’t deduct the cost of employees then it would be paying them with after tax dollars. Then the employees gets […]
Read MoreAfter my two posts about the minimum wage laws (here and here), I guess I am on a political bent. Today I want to talk about killing off the progressive income tax system and replacing it with a flat income tax. The current progressive tax setup is grossly unfair and serve as a disincentive to move ahead. The progressive system […]
Read MoreCongrats goes out to Joshua of Think Like Them (who them are, I am not sure) for winning the second signed copy of The 4-Hour Workweek. After reading the book, Joshua will be well equipped to escape the rat race and join the new rich. If you didn’t win this time around, you have two choices. One – you can […]
Read MoreIf you’re reading this, then you are on the new server. It didn’t take very long to outgrow the last server. The new server has two Dual-Core 5130 Woodcrest Xeon processors, 2 Gigs of RAM and two 320 Gig hard drives. Hopefully, it will be powerful enough to hold us for awhile. I want to thank Gary at BlueFur webhosting […]
Read MoreEd Lau came to today’s Dot Com Pho bearing gifts from Shawn Knight. In addition to running his blog, Shawn’s also the owner of OCIA (a TTZ Media affiliate) and sent a bunch of T-shirts for Ed to give to local BC bloggers. Why? Because it’s an awesomely cheap way to get a plug! Not only am I writing about […]
Read MoreRemember that Wedding Thriller Dance video I posted back in January? Well, here’s another one featuring over 1,500 Filipino prisoners. That’s right, every dancer is an inmate of the Cebu Provincial Detention and Rehabilitation Center in Cebu, Philippines. I wonder if making them do the dance was a punishment or a reward? Source: Michael Kwan
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