"You must pay taxes. But there’s no law that says you gotta leave a tip."
–Morgan Stanley advertisement
3 Benefits
You'll learn strategies to legally pay less taxes.
The government offers tax breaks for the right circumstances. However, you are at a disadvantage if you lack the information.The Bible says, "My people are destroyed for lack of knowledge" (Hosea 4:6). You owe it to yourself to learn as much as you can (the rich do) - taxes are here to stay.
Therefore, read books, visit the Internal Revenue Services' website, and consult an expert. You'll be amazed by what you uncover. Use this information to reposition yourself financially.
You'll gain a different perspective.
The rich pay less because they have insight about taxes, business, and investing. Unlike the poor and middle class, wealthy individuals know that earned income is taxed at the highest level - the really smart ones avoid taking high salaries in exchange for stocks. At the same time, the wealthy build wealth in areas that the government offers major tax breaks: job creation, housing, agriculture, and energy.
In short, your thinking must shift. Instead of working for money, it's time to make money work for you.
You'll be motivated to gain wealth.
Even the Bible considers poverty a curse - The rich man’s wealth is his fortress, The ruin of the poor is their poverty (Proverbs 10:15). If you desire to live and die poor, disregard everything that's been said. On the other hand, if you're tired of not having enough take the steps to acquire more - peace, time, money, assets, etc.
Things to Do:
Read Tax Free Wealth by Tom Wheelwright, CPA. Learn more: https://pdfroom.com/books/tax-free-wealth-how-to-build-massive-wealth-by-permanently-lowering-your-taxes/qXgenz9K26P
Read Rich Dad Poor Dad by Robert Kiyosaki. Learn more: https://www.richdad.com/
Write to Stephanie Harbin at sdharbin@yahoo.com.
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