Wesley Snipes Tax Problems

Wesley Snipes bought into an old argument that the government doesn't have the legal right to tax you. Just like everyone else who tried to not pay taxes, he was wrong. Unfortunately for him, his error is going to cost him 3 years in prison.

The article does a good job of giving you the time line of his tax issues and the resources Snipes was relying on for his tax philosophy. It's not a new philosophy, but when you hear about it for the first time, of course you are interested in learning more. If someone told you that you didn't have to pay taxes you would probably want to know more. There are a lot of good sales man in the world too that may even convince you that their Taxing is Illegal theory has solid facts to back it up.

Let me just say, the government can tax you. You are required to pay your legal minimum in taxes every year. Snipes had plenty of cash resources to take his argument to court to try and win. He failed. So I would definitely recommend that Snipes course of action is not recommended.

Find a tax genius who can help you legally minimize your taxes. Like me. You have to pay taxes, but you don't have to pay more than your fair share. (And yes....fair has an interesting definition at the white house, but you still have to pay)

What? Obama isn't doing what he says he is?

On paper, the government offers a lot of solutions to help the economy. In practice, sticky fingers are taking free handouts. Another way to say that is, "the politics of government solutions give absurd amounts of money (your tax dollars) to politician's supporters."

Now, I know that is a very blanket statement and maybe you've heard from your uncle's cousin's grandfather of situations were a politician isn't corrupt. So for those rare gems, obviously my comment doesn't apply.

So to the story, the government has contracts specifically designated for small businesses. Awesome! Small business is the backbone to our healthy economy. We need small businesses. At this point you should be asking, "Then what is your beef?"

The Inspector General for SBA found that 30% of its' small business contracts are being awarded to large corporations. In addition, the government believes that 30% of the stimulus money went to small businesses, while the American Small Business League shows the data that only 3% of stimulus money went to small business.

I believe in capitalism, not socialism. Free handouts and an entitlement mentality are destructive to a healthy economy. So money flowing through the system whether it be a large corporation or a small business is still a good thing when compared to printing money we don't have to provide benefits to people who don't want to work for it. But if you are going to isolate something as a "small business contract" then give the contract to a small business.