Author Archives: Cecilia
…and so it goes, again this year…
down to the wire, despite best intentions to get on top of it – every year…
once they’re done, the relief is so great – why, oh why? – do I do this to myself???
over and over again…
Among my many “incomplete” blog posts was this one. I wanted to take it further, but that never happened, either…
Written Jan 24, 2012
So, the tax-return documents are starting to dribble in, reminding me of that most despised chore of preparing the yearly return. Unless you’re preparing a 1040EZ there are just way too many instructions – and sometimes they’re not all that clear, either. Every year I wonder if this is really necessary. There are so many “if’s” and exclusions/exceptions, it’s no wonder a whole industry of tax preparers has emerged. Then it also makes me wonder about all kinds of protesters who infer that somehow the big-money guys are cheating on their taxes. Sure, there’s bound to be some of that, but when you start looking at all those exclusions, etc., even just dealing with small-fry, like us, you’ve got to realize that a good legal team will easily find the best (for the client!) way to invest and distribute in order to minimize the tax burden – legally!
Really? Philanthropy is still alive and well. True philanthropy does not seek fame, hence you don’t typically see big news stories about it. Philanthropy is not something mandated and enforced with a gun. Philanthropy is voluntary and is dedicated to a cause (or more than one) near and dear to the philanthropist and benefits others involved in that cause. Because the entire contribution concentrates on that cause, it’s effectiveness is high – IOW, it accomplishes a lot of good and the population, overall, gains from it.
Through philanthropy, you can “make a difference” specifically where you want to make a difference. With taxes, not so!