Business and economics |

John Chow’s ways of Avoiding Income Tax

Posted on February 19, 2008
Filed Under Uncategorized |

For those who are familiar about blogging, you will know that John Chow is a famous blog monetizer & 5-figure pro-bloggers who is very successful making money online.

In his blog, he claimed that he is an accountant and that may lend some weights to the above topics. His articles may stir up some controversy in areas of Income and Expenditure. According to him “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” Anyways, what prompts him to write is in his own words “some would say they go against the spirit of the law. Let’s see. Which do you think is more corrupt: government buying votes with your money, or the efforts of every citizen to deny the government as much money as legally possible so as to force it back on the road to financial responsibility?”

This post will most likely benefit readers from US and Canada. For readers from Asia, it will be an interesting read. John Chow divided his posts into 3 series - click here for part 1, click here for part 2 and the final wrap up here.

This post also acts as a form of encouragement to all Forex Traders – Only when you are very profitable in your trading that Income Tax comes into play. For Forex Traders, being able to pay Income Tax is really an honour !!.