hy Tax Loop Holes Must they know they can be free, they
Exist
won’t bother destroying our net.
They’ll simply avoid our net. Let
A long long time ago, in a those who are so blinded with
country far far away, in China to unfair morality and do not follow
be exact, there was a hunter who Tao end up paying tax.”
puts nets in 4 sides of the
forest. The hunter wanted to And that’s why you pay tax, while
catch all animals. Then a king the rich pay lawyers and
passed by. He said, “Remove the politicians.
nets in the 3 sides of the
forest. Let the animals go Got it? In fact, the super rich,
wherever they want. Let only don’t only pay tax, they actually
those who do not follow Tao end receive tax payment. Rich
up in your net.” landlord farmers, for example,
get a lot of blue collar workers'
Not so long ago, a bunch of paycheck in the form of farming
liberals say, “Let’s tax all the subsidy that only benefits land
income. Block all loop holes. owning farmers.
Ensure that no body can get away
from our cruel net tax. Punish Governments simply use tax money
the productive.” to help businesses that they
prefer based on family value. So
Then a wise man among them a business with the governors’ or
quickly pointed out. “If we close president’s relatives as the
all loop holes, the best and director will be more likely to
brightest will be forced to get lucrative contracts paid with
destroy the net. Let them have your tax money, the way most poor
the loopholes. Let the best and and middle class ask for.
brightest among them free. When
Two Things You Need to Know to $1 and save $49,999? What’s your
Reduce Your Tax income? $1 plus $49,999=$50,000.
Right Nelly?
The very first business class
that I took in US was not, “How So no matter how you spend your
to run an efficient business.”, money your incomes remain the
“How to improve productivity.” same. Governments make that easy
nor “How do we pay our workers for you. They help you pay your
higher, make the world a better tax before you even see the
place, and still make money.”. My money. Isn’t that convenient?
very first business class taught
me how to avoid paying income Now, the entrepreneurs also have
tax. the same definition of income.
However, they have 2 important
Oh ya, a word of warning. Things deductions.
are not as simple as it seems.
You need to consult lawyers 1. Money you haven’t spent is not
before trying all these stunts. income yet. So we don’t pay tax
on that. The tax is deferred till
You see. What is income? The we spend it.
formal standard definition of
income is the amount of money you 2. Money we do spend is
spent plus the increase of your expenditure. So it’s deductible
capability to spend. For example, from our income.
say you work in the office. Say
you get $50,000 pay check. Say Now, that sounds fair isn’t it?
you spend $20,000 and save It is. I'll show some samples and
$30,000. What’s your income? The explain it in more detail in my
sum of $20,000 and $30,000 = website $50,000. What about if you spend href="http://FasterFinancialFreed
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title="http://FasterFinancialFree reedom.com/art.390.0.html<
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About the Author:
Jim Thio is a silver medalist in International Physics Olympiad. He uses his Math skills to provide free financial, business, and marketing advices in http://FasterFinancialFreedom.com/art.390.0.html
