Do you know about - keeping Your Own Money - Not Handing It Over To The Taxman
Live Stock Quotes Free! Again, for I know. Ready to share new things that are useful. You and your friends.Most citizen trying to make a crust online (or offline for that matter) are so focused on doing just that, they ignore taking straightforward steps to ensure that they hang on to just as much of it as they can. Instead, they hand over large lumps of their hard-earned money in tax, commonly in one of two mistaken beliefs. Either:
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It’s a good thing, a sure sign of a civilised society. Or, If they don’t, the Feds will “get them”, fining them, expropriating their assets, maybe even jailing them.
I’d respectfully propose that those two “reasons” are mutually exclusive. Visiting penal sanctions on citizens because they decline to hand over their money to you could hardly be regarded as the mark of a civilised society. In fact it might more properly be regarded as the mark of a criminal one!
So how does this situation arise, and how can the mental man or woman avoid it?
Most e-mails I receive with regard to enterprise opportunities trumpet the benefits of being an entrepreneur. Now the Shorter Oxford English Dictionary defines “entrepreneur” as follows:
“A person who undertakes or controls a enterprise and bears the risk of behalf or loss”.
Yes, that’s “risk”, “profit” and “loss”. All things that citizen with their own businesses regard as being as safe bet as night following day.
Interestingly, the Soed contains no definition of “rentseeker”. Still, key the term in to Google and you’ll scrutinize that it refers to citizen who want to be paid to take your money for a “service” that you would not yourself select to pay for.
Now let’s just talk this one through:
They want to be paid. In practice, they don’t just wish to be paid, but to enjoy ample pension rights. All of this is funded by the taxpayer. In return for these payments, they undertake to extract supplementary sums of taxpayers’ money to furnish what they recite as “services”. Critically, taxpayers would not, whether as individuals or collectively, freely select to pay for these services. If they did, they would do so, in the marketplace. The money is therefore taken by coercion. They lack any concept anything of risk (at least to themselves) or of behalf (to taxpayers). Loss, on the other hand, is guaranteed to each and every taxpayer.
Now, in any other context, this process is known as “robbery”, or, more subtly, “fraud”.
After all, it Is your money, right? Well not according to Uncle Sam, or, depending where you’re based, your nearest cordial local equivalent.
Governments seem to think that they’ve ordinarily got a whole lot great set of ideas about what to do with your money than you might have yourself (despite all the evidence to the contrary in front of everyone’s eyes). What they’ve particularly got, however, is a set of perfect ideas for using your revenue to pay their own salaries and pensions (final salary, index-linked, performance-irrelevant). And these citizen are known as rentseekers.
The legendary investor, Jim Rogers, writing in the Foreword to “Financial Reckoning Day”, by Bill Bonner and Addison Wiggin, had this to say:
“In America, if you have a job, you pay taxes. If you save some money, you pay taxes on the interest. If you buy a stock and get paid a dividend, you pay taxes. If you have a capital gain, you pay taxes again. And when you die, your estate pays taxes. If you live long sufficient to get social security, they tax your social safety income. Remember: you paid taxes on all this money when you earned it originally and yet they tax it again and again”.
Now wouldn’t it just be nice to avoid all of that?
Because it’s the simplest thing on earth, particularly if your revenue are being generated in that weird nether land called cyberspace, to use a set of perfectly legal arrangements to process your money Free Of Tax.
In other words, you set yourself up a company, a bank account, and a enterprise address somewhere no predatory taxman stalks! That is, Offshore. There are quite a large estimate of these jurisdictions, and there is not a singular Fortune 500 enterprise that doesn’t use them. I kinda think that tells you a lot.
Once it’s all in place it works just like any other enterprise arrangement – you just don’t pay any tax!
Now no-one’s suggesting that it costs nothing to set up these arrangements, and it’s true it’s not going to frame high in your priorities if you’ve got a marketing budget of and are wondering how to pay the rent. But, assuming that you’re already generating even inexpensive income, it just has to make sense to look into this.
After all, even if you’re not concerned in saving yourself a whole lot of money, there’s other calculate you might wish to avoid all of this. I’ll leave you with other quote, this time from Charles Adams, in “For Good And Evil: The Impact Of Taxes On contemporary Civilisation”:
“Tax haven ‘refugees’ report that they are tired of fighting the taxman. They have had sufficient of audits, year in and year out, of having their banking and accounting records picked over and questioned. They are tired of having their privacy totally destroyed by inquisitional tax agents. They are tired of appeals, big fees for tax professionals, and endless tax litigation. Many complain that the soak-the-rich doctrine of their homelands was not as intolerable as the harassment and scorn they receive from revenue bureaucrats”.
Personally, I can recite to that...
If what I’ve been saying strikes any chords at all with you, there’s much more at [http://www.advent-taxfreedom.com], and a free e-zine too.
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