You can set up an SEP IRA and reduce your taxes somewhat by dumping the max amount into the account. The more you earn, the more you’re allowed to invest… Of course you won’t be able to touch it until retirement… But it’s better than giving it to the tax man…
Let me tell you how it will be
There’s one for you, nineteen for me
Cuz I’m the taxman, yeah, I’m the taxman
Should five per cent appear too small
Be thankful I don’t take it all
Cuz I’m the taxman, yeah I’m the taxman
If you drive a car, I’ll tax the street
If you try to sit, I’ll tax your seat
If you get too cold I’ll tax the heat
If you take a walk, I’ll tax your feet
Taxman!
Cuz I’m the taxman, yeah I’m the taxman
Don’t ask me what I want it for (Aahh Mr. Wilson)
If you don’t want to pay some more (Aahh Mr. Heath)
Cuz I’m the taxman, yeah, I’m the taxman
Now my advice for those who die
Declare the pennies on your eyes
Cuz I’m the taxman, yeah, I’m the taxman
And you’re working for no one but me
Taxman!