The Two Tax Systems
There are two tax systems in America one for the informed, and one for the uninformed. In 1913 when Congress created the income tax, they setup two systems.
One system for employees, who gets to deduct almost nothing; and the Second for business owners, who gets to write-off almost everything.
Since virtually all taxpayers were self-employed, home based business owners (they were mostly farmers), the business tax system received preferential treatment. It hasn't changed since then!
Uncle Sam will Pay You to Run your Home-Based Business “Legal, Morale, and Ethical”
Start a Home-Based Business and Save $3,000.00 to $5,000.00 a year on your taxes and join the ranks of getting those tax deduction that most household desperately need.
There are over 400 plus tax deductions allowed to a business owner; not that you will use all 400 of them, it's good to know that they are there if you have a need to use them, and there are approximately 5 to 8 deductions for employees.
Let’s say for example:
You have a full-time job, and a part-time job and sometimes you work overtime this could increase your tax liability in your household.
Not a good picture.
Let’s say you have a full-time job, and you have a part-time Home-Based Business earning $400.00 to $800.00 a month with all your tax deductions which will help lower your tax liability in your household.
This is a much better picture.
Don’t let anyone talk you out of doing a Home-Based Business I don’t care if you are making $50.00 to $100.00 a month.
Think about it:
1. You are getting way more tax deductions than they are (On a job there tax deductions are very limited more like 2 to 7 tax deductions).
2. This a form of Residual Income (You do the work one time and you can get paid month after month). (On a job they don’t have residual income working for them).
3. You can free up more time to spend with family and travel 100% tax free as business travel and go have fun after business is done. (On a job they take 1 or 2 week vacations, and vacations are not tax deductible).