For average Americans,
taxes are the single largest bill
they will pay. Almost 40% of every working person’s wages
go to taxes: that’s more than most people pay in utilities,
rent, car loans, or education expenses. And while the
burden of most bills can be lessened by working harder and
earning more money, the tax liability only increases, so
earning more money just equals paying more taxes.
Most Americans don’t file taxes online realize that Uncle Sam’s piece of
their hard-earned pie is so enormous. After all, the amount
is divided into a number of small deductions: federal taxes,
state taxes, county taxes, Medicare, social security, and
so on. Each individual chunk looks like a reasonable price
to pay in order to keep the country operating smoothly, but
when added together the sum is staggering. The majority of
people resign themselves to a lifetime of working too hard
for someone else, paying too much in taxes to the
government, and then struggling to maintain a comfortable
life after retirement. But they’ve been brainwashed! The
truth is every person can learn to work less and keep more
of their earnings, not by cheating the IRS or by hiring a
staff of overpriced accountants, but simply by following
the American Dream and becoming an entrepreneur.
Business owners, especially those with a home office, have
a tremendous advantage over the average working taxpayer.
While most people pay taxes on the total amount they earn,
business owners only pay taxes on the amount left over
after their expenses. Imagine being able to deduct work-
related transportation and clothing expenses from a
paycheck before taxes come out. Imagine being able to write-
off the rent, utilities, remodeling, and cleaning expenses
every April.