Income Tax, Sales Tax, Value Added Tax and any other “hidden” tax is steadily, stealing away your money and time. You spend 35-40% of your lifetime, 20 years on average 😳, working for taxes. Shameless extortion?! 😵 Wrong! The Tax Law is here to Legally Lower your taxes. Learn To Love The Tax Law💕!
The saying goes that there are two constants in life: death and taxes. Though we moreover believe in transitioning and reincarnation…🤨 , we certainly know that tax hasn’t always been around.
Sure, there were taxes in ancient times. Egypt and ancient Roman governments charged taxes in times of war to provide for the safety of its people. It was more of a “wealth not income tax”, according to the value of possessions the people owned. It was mostly on the excess of what you didn’t need to live by, not before your needs are even met like the current income tax! So the idea of sales taxes, income taxes, payroll taxes and other creative types of taxes is largely a modern invention. All mostly introduced right after World War II. Someone had to pay back the interest to the banks of the loans made to pay for the war in the first place 🤔.
Some people even actually look forward to tax time because they expect to get a refund. They prepare their return and then eagerly await their "bonanza" of several hundred (or even thousands) of dollars. They forget that a refund from the IRS is not a gift from the government, it's merely the return of your own money to you 😣. If you get a refund, it means you gave the IRS an interest-free loan in the prior year by paying too much. If you get large refunds each year, you're probably claiming too few exemptions. Well, the rich & wealthy surely won't forget to hit all exemptions, they are there to help you too! Again learn to love ❤ the Tax Law. it's here for all who take the time to understand it to benefit as well 🤗.
Most people are willing to pay taxes because of the presumed benefits they reap from the Government. There is, of course, some truth to this like making and maintenance of highways and so on. However, there is another plausible explanation: high tax countries might tend to hide the true level of taxation from the general public by disguising them as indirect taxes 😮.
Let’s break it down, money talks: 🤑
For instance the so-called employer’s fees on your payroll taxes. Actually are just an additional, 18 -26% or higher, TAX on top of the almost 35 - 50% you already paid. If your employer is paying that to have you work there, you can count on it that it’s coming from the salary you could have been paid in full. No such thing as a free lunch!
A yearly salary of $50.000.
You might pay up to around $ 25.000 on income tax.
Your Boss might be paying up to $ 13.000 on employer fees (=income tax)
Meaning an additional cut on your salary YOU don’t get paid.
It’s not a fee your employer pays, it’s tax coming out of your own pocket.
So you work and actually receive around $25.000 after tax.
The Government takes around $38.000 of your hard-earned money.
That’s without all the remaining hidden Sales, Value Added Taxes and Inflation related taxes you still have to pay after you already paid your income/payroll taxes in full.
It’s the Law, right? Wrong!
You might think that you have no choice about how much tax you pay. Everyone has to pay taxes? Nope! There are actually millions of people worldwide who pay as little to none. Zero.
Their secret? They understand how "the Tax Law" really works. They understand that the Tax Law is not only for the revenue of a Government to function on but that it has also become a means to shape its socio-economic policy. The Tax Law in every developed country has become a series of stimulus packages for entrepreneurs and investors. These stimuli come from the tax paid by employees, small businesses, specialists such as lawyers, doctors, accountants and so on which by law fall in the highest income tax brackets.
To understand when and how the law works in your advantage we strongly urge you to read into:
All governmental spending can be divided into three categories: mandatory spending (social security, welfare, etc), discretionary spending (defense and non-defense budgets), and interest on expenditure debts to the Federal or Central Banks. In most countries, the greatest part up to 90 -95 % of the revenues comes from individual income taxes and payroll taxes.
The Tax Law is a map to acquire a great amount of wealth. The tax codes actually show you how to lower your taxes and when followed carefully you can amass huge amounts of cash flow and wealth to grow your investments. Don't you just love taxes 😍?!