If you are not in business for yourself you cannot take advantage of the tax laws !
Craig R. Walcott ChFC
(Chartered Financial Consultant)
Everyone has a non-working silent partner, he's called the IRS.
Your partner takes 82% of your life earnings (1992 government estimates) and returns almost ZERO !
If you think you are going to become financially secure giving away 82% of your income I have to tell you the statistics say you are wrong. If you think the people who do become financially successful put up with an 82% loss of their income I have to tell you again that the statistics say that you are very wrong ! If you think the people who wrote the laws pay 82% of their income in tax's .........you guessed it wrong again !
There are two sets of rules, one set that you play by and lose all your money (I call them the short formers). And a second set of rules where you play smart and get to keep most of your money (I call them business owners). You see one of the big secrets in life is that you have to be in business to take advantage of the tax laws ! If you aren't you can't, and with very few and usually expensive exceptions that's just the way it is. That being said you must know "the rest of the story", that is that it is very easy to have a small business and take advantage of the same loop holes that the big boys do.
One of the best kept secrets in this country is the network marketing industry. Everyone should be involved in a network or MLM company. If nothing else they open up huge tax deductions for you ! You can literally make thousands if not tens of thousands of dollars every year in returned tax dollars even if you never turn a dollars profit ! And you can have fun doing it ! How would you like to take your favorite hobby and turn it into a tax deduction - legally ! Who wouldn't ? Imagine having your husband or wife actually wanting you to go play golf because it was tax deductible ! Or fishing, or traveling or or or or you fill in the blanks. See how one man took his photography hobby and turned it into a tax deduction.
Do you want to become a millionaire ? Guaranteed ? You can if you are willing to think like the house instead of the "marks" as they or you are called in Las Vegas. I'll give you a hint, all it takes is being able to keep a few extra dollars every month instead of sending them off to Washington (where you know they are doing so much good).
My goal in these pages is to make you aware of the tax codes so that you too can take advantage of them as I do. In my years of practice as a financial consultant I saw thousands of people work their whole life and end up with little more than Social Security. Why, because nobody told them that there were other options. Do you think that the Government is going to send you a book on how to pay less tax's ? No of course not. In fact the IRS itself doesn't know the tax laws ! Latest estimates say that you have a less than 50 - 50 chance of getting a correct answer when you call the IRS with a question ! How abought your CPA ? No, if you get audited they go with you and many of them don't get paid to do that so why would they set themselves up to lose money when they can play it safe ? All most of them talk about is RED FLAGGS ! Red Flags ? With a little prior planning you can audit proof any legal deduction and sleep like a baby. How abought your lawyer ? No again. Not for the average guy. They can (and these are the exceptions I was talking abought) set you up with a "pure" trust and "Off Shore" trusts that will save or avoid tax's but how many people have the thousands of dollars to set them up and maintain them ? And how comfortable are you in keeping your money in some bank in a country you can't even spell ? No Lawyers won't help you. Brokers ? Why do you think they're called Broke.......ers ! 2% of the investors make money in stocks. No for most people they will never get the knowledge to keep them out of the poor house so statistically 97% will end up broke ! But now with this information you will have options. I hope you do something great with them.
Flip thru the pages, I'm sure you will find a way to make at least $4,000 next year !