Pay Less Taxes This Year and Every Year in Ethical Ways

What's good about income taxes? - they fund the fireman, policemen, roads we drive on, local government, education, hospitals, parks, and many more things we want and need.  Life without tax revenues would be much more difficult and stressful!   But there's a limit, right.

So how much do you pay in income taxes - how much are you legally responsible for? 
That depends on your taxable income. 
The IRS and state regulations require that we pay ONLY what is due based on the income tax regulations.  They do not ask for more than that.

Here's the income tax formula, which you likely know:
---  income minus deductible expenses = taxable income

Hmm, so how do you increase deductible expenses?   It's easier than you think.  You can be a master in no time!
Increase your deductible expenses this way:
   Document all legitimate deductible expenses.   We can help you get stated, if you wish.

Let's look at the money you can keep in YOUR pocket, not in pockets of the IRS or other government agencies!

Table 1 - Example of Wage Increase You Can Give Yourself Every Year

Individual Income Tax Rates:  IRS is 15% to 35%;   State: Use 6% average; 
Total Income Tax Rates Range from 21% to 41%  - use average of 30%

  Reduce taxable $ by:    Tax Rate =   Wage Increase Every /Year
                                                                   
*$3,000                             X 30%                $    900
*$5,000                             X 30%                $ 1,500
$10,000                            X 30%                $ 3,000
$20,000                            X 30%                $ 6,000
* These are conservative numbers.

Wouldn't it be great if you had that much more money every year to spend or save - without working more hours or an extra job? 

Why do you volunteer your hard earned money to the government when they don't even ask for it?   That's what you do when you overpay your income taxes? 

Do you want to increase your take home pay or business net income this year and every year in the future - without working any harder or increasing your business income?    A simple, effective system is all it takes.   We can assist you with that.... and many more easy, efficient ways you can keep much more of the money you earn.

Value Tip: Just as you brush your teeth every day, document in a daily notebook all legitimate tax deductible expenses incurred that day.  Note the date, time, purpose, where, what, and amount. 
Time it takes: 2-4 minutes per day. 

Here's example documentation results:  of hourly rates of money you keep in your pocket, your hourly wage rate (no income taxes or payroll taxes). 
 
Table 2 - Example - Tax-Free Dollars Per Hour You Can Earn
Along With Time it Takes -- for Entire Year

Time Per Day  Days/Yr Total Hrs/Yr  **Total $$ Keep  $$/Hr Earned
2 minutes        360        12 hours          $     900               $   75.00
4 minutes        360        24 hours          $     900               $   37.50
2 minutes        360        12 hours          $  1,500               $ 125.00
4 minutes        360        24 hours          $  6,000               $ 250.00
                                                          ** - From Table 1, last column

Would you love these results - the total dollars and BIG hourly rate you can earn?  Every year? 
Does your current W-2 job or business provide that kind of hourly result?  $75 to $250 per hour?

Recommendations:
*** Document Daily all Tax Deductible Expenses to put big money in your pocket!
You are the leader, the person in control of your life.  This is how you help yourself.  It's easier than you think - you'll be a master in no time.  It takes only 2 to 4 minutes every day!
*** Consider a part-time home based business to keep much more cash in your pocket because many of your current expenses become deductible expenses for income taxes.  We'll talk about this is another report.
For free 20-minute consultation on these or other topics important to you in your business or personal financial health and wealth, contact us.
Barbara Filla, Business Consultant & Entrepreneur
Barbara's Happiness, Success and Wealth Blog
Email: SingYourSong@GetTimeMoney.com
Off: 715-514-0904;  C: 715-781-7812

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