'We don’t pay tax - spent it on the bus.

Warning 40
That’s quite in order, but unless the expenditure is necessary, it is just throwing money away. You have to constantly weigh up whether spending one dollar merely to deprive the IRS of the tax is a sensible move. After all, the maximum personal tax rate is 39c in the dollar. By spending pointlessly, we mean buying equipment or machinery not needed, or life insurance that is not required.

Expenditure on much needed replacements or repairs are examples of wise spending.