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    Wednesday
    26Nov2008

    Cut Your Taxes

    Did you know that no matter what income bracket you are in if you earn money from a JOB, you pay upwards of 50% in taxes....don't believe me? Let me show you how it all adds up!

    You go to work you earn a wage, before you get your money Uncle Sam gets "his cut" first!

    Then when you pay your power bill, you pay tax

    You pay your phone bill, you pay tax

    You buy groceries, you pay tax

    You buy clothes for your kids, you pay tax

    You put gas in your car so you can go to work again, you pay tax

    Are you following me...  they get you coming and going!

     

    Don't feel to bad most people are in the same boat as you, the only ones who are not are the ones who own their own businesses. If you own your own business you can shelter your income from various taxes and you can also claim significant deductions that others can't.

    Now the type of business will directly affect the deductions you can claim of course. A home based business is an excellent way to cut your taxes. The deductions alone are worth thousands of dollars, even if you don't earn a substantial income with your business. The Tax Advantages of a home based business are substantial!

    This home based business can be; candles, wood furniture, daycare, online marketing, Network Marketing, car repair, Direct sales, animal services... almost anything as long as you do some or all of your work from home it can be used as a home based business.

    When you have a home based business you can claim your power bill, phone bill, square footage of your home, computer expenses, mileage on your car, home improvements and upkeep, you can even hire your dependant kids to work for you..the list is vast but all together can literally save you thousands of dollars on your taxes.

    If you don't have a homebased business - Start one! It is an effective way to get Uncle Sam's hands out of your pockets and Save money!

    Learn more about Home Based Business Tax Relief

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