Would You Like To Cut Your Tax Bill?

If you are the typical U.S. resident working a 40 hour week for an employer, the bad news is you are footing the bill for the greater share of all the nonsense going on in Washington, DC. To explain how this is happening, well give you a short history lesson.

In 1913 the income tax became a permanent fixture in the U.S. tax system. In effect, it shifted the major part of the burden for supporting the Government away from Business and Corporate profits onto the average person trading hours for dollars. As a result, the individual income tax has been the largest single source of federal revenue since 1950. In 2010, only 9% of the revenue collected by the U.S. Government came from Corporate taxation. The average wage earner contributed 42% in individual income tax, with another 40% coming from payroll taxes such as Social Security and Medicare.

The Easiest Way to Cut Your Tax Bill

The easiest way to cut your tax bill is to go from hourly wage slave to business owner. You dont have to quit your day job to do this. No one will come to your house and interrogate you for starting a simple business and none of this is hard to do. Just make sure you put your ducks in a row when you do. There are plenty of resources and help available.

To get the best information you’ll want to check with:

The IRS Website. your local Chamber of Commerce. or business tax and accounting professionals.

There are also plenty of other resources available in books and literature such as:

Home Business Tax Deductions: Keep What You Earn by author Stephen Fishman.

Home-Based Business For Dummies by Paul Edwards, Sarah Edwards and Peter Economy

The Easiest Way to do Business

The easiest way to do business and cut your tax bill is as a Sole Proprietor/DBA or someone Doing Business As. This simply involves using all or part of your real name in the name of your business.

Example: Mary Jones Enterprises

Once you start making a steady income you might want to consider converting to an LLC (Limited Liability Company). This will separate your personal assets from your business in the event any legal issues should arise.

Challenges

For the average person, the challenges to starting a business generally fall into four main categories.

1) Time If youre already working a full time job, finding the time to start a business can be a real challenge.  2) Money The average wage earner has a hard time keeping up with everyday expenses and convincing a lender that you are worth investing in can be a real challenge.  3) Experience  Most people have no background or experience in business/marketing. They have no business plan or business skills. 4) Profits When it comes to home business opportunity programs, most independent marketers (over 90%) actually lose money after deducting expenses. This is true regardless of the program or business they are in.

If you dont have an idea for, or a desire to start a conventional brick and mortar business, there are work from home business opportunities everywhere. But finding a business opportunity isnt the problem. The real problem is marketing the business effectively. If you cant market your business effectively, youll end up like the over 90% of independent marketers who are losing money.

A Simple Solution

We offer a simple solution for the average person who wants to change their life for the better. If you want to cut your tax bill and increase your income without a huge investment in time and money we are here to help you. Just click here for more information.