You don’t need to pay the government so much! Yes, everyone needs to pay taxes, but how much you pay depends on the choices that you make.
There are two tax systems in our country: one for the informed and one for the uninformed.
You can either file as an employee and pay more taxes, or you can file as an employer and keep more money. You don’t even need to hire anyone else. You can be your own employee. But filing as an employer means that you could save THOUSANDS of dollars each year—money that you can use to pay off debt, build a down payment on a house or keep for the future.
Watch this video to see how it works:
Is it legal?
In the words of Learned Hand, Justice appointed to the United States Court of Appeals for the Second Circuit, “Over and over again the Courts have said that there is nothing sinister in so arranging affairs as to keep taxes as low as possible. Everyone does it, rich and poor alike and all do right, for nobody owes any public duty to pay more than the law demands.”
In other words, you are allowed to change the way that you file taxes so you keep more money.
But no one is going to call to let you know that you are paying more than you need to. Especially not the federal government.
Why doesn’t everyone do it?
Have you ever stumbled on to an amazing restaurant that was there for years but you just never noticed? Or one day found a better way to do something that you’d struggled with for a long time? These things were around for a while, but you just never knew about them.
It’s the same with your taxes.
The vast majority of Americans don’t take advantage of deductions because they don’t know that they can.
Unless you have a degree in finance or come from a wealthy family, chances are that you don’t know that there are hundreds of items that are legally deductible. You probably have no idea how much money you could have gotten back every year.
Here’s a sample of the kinds of deductions that you’re missing out on if you’re filing as an employee.
|Employees||Self Employed Entrepreneurs|
|• Work Hard|
• Immediately Lose a Huge Chunk of their Wages to Taxes
• Get to Take Home Whatever is Left After Taxes are Paid
• Are Entitled to Limited Deductions
|• Earn Money
• Spend for Whatever They Want or Need
• Pay Taxes on Whatever is Left Over
• Deductions Include:
• Mortgage Interest or Rent
• Gas, Electric, Water, Trash
• Cleaning Crews to Dust, Vacuum, Empty Trash
• Computers, Fax Machines, Copiers, Telephones
• Paper, Staples, Ink Cartridges, Postage
• Desks, Sofas, Coffee Tables, and other Furniture
• Painting, Wallpaper, Carpeting, Repairs/remodeling
• Newspapers, Magazines, Books, On-line Media
• Plane Tickets, Hotel Costs, Meals, Rental Cars
• Lunches, Dinners, Ball Games, Theatre Tickets, Health Clubs
• Health, Life, Dental, Vision, Disability Insurance
• Company Cars (even boats), Airplanes
• Lawn Mowing, Landscaping, Snow & Leaf Removal
• Holiday Cards, Gifts, Postage, Mailing Service, Flyer Delivery
• Marketing, Advertising, Promotion, Business Development
• Accounting, Bookkeeping, Legal Fees, Contract Labor
• Bank fees, Interest expense, Business License
• Website hosting, Website creation & maintenance
• Internet Access, eFax, Training, consulting, tax preparation
• And just about any other expense that is “ordinary and necessary.”
It’s not that difficult
Maybe it sounds too complicated. After all, the rich people who do this have a whole team of people to handle this for them. Maybe you’re wondering how much work it will take to earn this money.
That’s where we come in. At Evolution Tax Center in Clermont, we are on your side. We take all of the complex language and break it down for you. We help you to set up your plan and get on the path to financial success.
Come to Evolution Tax Center and we’ll teach you how to navigate the waters and keep more money every year.