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Learn, try, do, learn more, try, do, be around like minded people, learn more AND DO. Learning taxes and consulting with a CPA (learning how to keep more of my money) made a BIG difference.
What people don't get is they think it revolves around making more money. I used to buy into that without realizing its how you make it and what you do with it and more importantly how much you can "legally" keep the government grabbers from taking from you that matter.
I will NEVER vote for a politician that thinks the answer is higher taxes. When I was working on getting my act together the first thing I did was work on getting rid of bad debt. The government should do the same instead of demanding that we give government more of our money.
Don't get me wrong. We do need to pay taxes but this government robbery is out of hand.
What people don't get is they think it revolves around making more money. I used to buy into that without realizing its how you make it and what you do with it and more importantly how much you can "legally" keep the government grabbers from taking from you that matter.
I will NEVER vote for a politician that thinks the answer is higher taxes. When I was working on getting my act together the first thing I did was work on getting rid of bad debt. The government should do the same instead of demanding that we give government more of our money.
Don't get me wrong. We do need to pay taxes but this government robbery is out of hand.
The first thing to learn in keeping your own money is.....we are NOT taxed on what we make.
The first thing to learn in keeping your own money is.....we are NOT taxed on what we make.
We are taxed on what we KEEP......simple as that.
Ok, what am I missing? We are taxed on income not wealth unless you are referring to real-estate taxes. Obama didn't run around saying raise taxes on people with assets worth $200k...he said raise taxes on "income" of $200k a year, then proceeded to call people with incomes of $200k millionaires and billionaires (wealth).
Now I could use my wealth, put it to work to produce income and that income would be taxed.
Ok, what am I missing? We are taxed on income not wealth unless you are referring to real-estate taxes. Obama didn't run around saying raise taxes on people with assets worth $1million or more he said raise taxes on income, then proceeded to call people with incomes of $200k millionaires and billionaires.
You only pay on what you keep.
If you make $20,000 and invest $10,000 in write offs.....you pay on $10,000....not $20,000.
You pay on what you KEEP.
The idea is to keep the money moving though the system.
just a question. have you ever seen a poor person make a good financial decision/investment? do you think it's simply a coincidence that poor people who win the lottery often end up broke again? or are you just for taking wealth from the individuals, and giving it to the government for them to distribute for their own agendas? we all know government makes great investments. what is the end game of higher wages and "income equality?"
We already redistribute wealth.
In fact, over past 30 years, the U.S. has seen one of the most dramatic redistributions of wealth in the history of the world. Through a combination of tax policy, trade policy, labor policy and other measures, wealth has been redistributed upwards to the top 1% of society, and away from pretty much everyone else.
So, we don't need to think what would happen "if" we redistributed wealth. We would already know what would happen, because it has. Wealth redistribution has made the richer richer, the poorer poorer and destroyed the middle class.
In fact, over past 30 years, the U.S. has seen one of the most dramatic redistributions of wealth in the history of the world. Through a combination of tax policy, trade policy, labor policy and other measures, wealth has been redistributed upwards to the top 1% of society, and away from pretty much everyone else.
So, we don't need to think what would happen "if" we redistributed wealth. We would already know what would happen, because it has. Wealth redistribution has made the richer richer, the poorer poorer and destroyed the middle class.
If you make $20,000 and invest $10,000 in write offs.....you pay on $10,000....not $20,000.
You pay on what you KEEP.
The idea is to keep the money moving though the system.
If you make $20,000 - (assuming that "make" is income)
invest $10,000 - (that results in $10k in write offs)
you pay on $10,000 - (pay taxes on income)
I need a more specific example, Also...
1. Give an example where if you invested $10k and get a dollar for dollar write off.
2. Why would you pay on $10k?.
Just trying to wrap my brain around your thinking that we are taxed on what we keep. You never know, I might have an aha moment that propels me further. Then again, maybe not. Who knows because I never heard this before.
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