Opinion & Comment
How to Avoid Losing Money Through the New Tax Reform

To The Editor:

As the director of a longstanding gemach in Jerusalem and a professional tax consultant familiar with the changes in the new tax reform, I have a piece of proven advice for savings: deposit your money in gemachim. This way the banks will not take your money and you won't pay taxes.

Depositing money in a gemach will bring shefa rav from Above on your principal and the profits are entirely tax- free. In fact the money increases by hundreds of percentage points in This World (tried and true!!) and certainly in the World to Come. It is such a shame to fatten up the banks--put your savings in gemachim engaged in holy work.

M. Miller

Jerusalem

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