Network Marketing Smart Solutions

To Raise or Not To Raise ... That is the question ...

"The Legal right of a taxpayer to decrease the amount of his taxes, or altogether avoid them by means which the law permits, cannot be doubted"

It's no secret that our economy is in a precarious position. Gas prices have risen uncontrollably and food prices continue to sky-rocket. Many people with solid jobs cannot afford health insurance. Property taxes escalate (even though the house prices are going down), homeowners and car insurance premiums are at all time highs because many people choose simply not to carry them... I am not even going to look into the market situation.

We live in the interesting time. If you were watching debates you probably know that whatever you hear on the TV you cannot count on, right? We've got politicians that will say whatever they have to say to get into the office. The only thing is consistent between all 4 candidates is they all say they are going to somehow change taxes. What we don't know, whose taxes are going to get raised and whose are going to get lowered. And we really would not know until after the election in November, when they stop playing games and start doing what they have to do. What we do know is this - they just passed a gazillion dollar bailout bill and somebody has to pay this bill. Guess who it's going to be? You are right - taxpayers, hence we are.

Two Tax System

"The Legal right of a taxpayer to decrease the amount of his taxes, or altogether avoid them by means which the law permits, cannot be doubted"

The United States Has Two Tax System - one tax system for employees, which include most of Americans, and a very different, much better tax system for business owners.

The first type of taxpayer is the EMPLOYEE. If you are working for a company as an employee, then you know there are a limited number of tax deductions that you can take to reduce your tax burdon. You are a W2 employee and will probably pay the highest taxes. Most taxpayers fall into this category. They have very few tax deductions available to them, usually just:

• Mortgage interest & Real Estate taxes
• Standard deductions for dependents
• Gifts to church or charity and
• Contributions to a retirement plan

Essentially, for employees, it's a following three-step process:

Step 1: Work hard to earn a decent wage.

Step 2: Immediately lose a hugh chunk of those hard-earned wages to taxes.

Step 3: Then you get to live on whatever is left after taxes are withheld.

So many of us work hard at a job outside our home, only to give a chunk of those hours to the government...before we even make a deposit on payday! But how many of us know this:
If we have a home-based business of any kind, including consulting, sales, freelance writing, art and crafts, babysitting, or network marketing, we actually have many tax benefits that we wouldn't have if we didn't own a business.

This is the second type of taxpayer -  BUSINESS OWNER.

Business Owners, on the other hand, get to write-off lots and lots of expenses, from rent to phone bills to furniture to cleaning crews.

Business Owners have a very different three-step process:

Step 1: Earn revenue from selling goods or services

Step 2: Spend whatever they need to on operating expenses to keep the business financially solid

Step 3: Then pay taxes only on what ever is left over

And did you know...you do not even have to make a profit to qualify for these benefits, you must simply operate with the intention of making profit.
You must actively work your business and over the first few years begin to make a profit

You Have Been Kept In the Dark For Too Long ...

"Give thousands of dollars in tax breaks to Americans who run a Home-Based Business -- Even on a Part time basis -- and don't make them wait until April 15th to get their money."

Did you know that for the past eight or nine years home or small businesses were the fastest growing segment of the American economy?

70% of the U.S. job growth is coming from small businesses, and Congress is "betting" that some of you will hit on a winner, strike it rich, and, then, pay a LOT in taxes. Of course you won't mind paying a lot in taxes if you're making a boatload of profits, right?

Running a home based business reaps many wonderful tax deductions that other businesses some times may not claim. Unfortunately to many small business owners end up paying the government taxes every year because they are unaware or several small business deductions that are available.

Most of the time any expenses that are related to your business can be added as a deduction on your taxes.

People who run a small or home based business now qualify for a greater array of tax deductions than any other category of taxpayer! Even the super-rich, with their high-priced tax lawyers, can't get the tax breaks that YOU can, simply by operating a "side-business" that may take you only a small amount of time to run.

It's How Much You Keep That Counts ...

But what can I write-off ?...

More than you might have thought! Think of your home as a "place of business." A traditional business writes off costs like heating, electric, water, and sewer. With the correct formula in hand, you can do the same, and deduct a portion of your home's basic utilities.

How about rent and mortgage? Yes, just like a traditional business, you may do the same. If you are a renter, this may be a huge relief!

Don't forget your phone and Internet service. If used in your business, it's deductible.

Your car can also be a source of tax deductions if you use it as part of your business. For many taxpayers, vehicle mileage deduction alone could be worth some $3,000-5,000 in new tax deductions.

Do you give your kids a weekly allowance? Do you require them to do chores to earn that money? Think of this: If you "employ" your kids to do part-time work in your home business, then "allowance" can become "payroll." The money you pay them would be tax-deductible to you and tax-free to them!

Under certain circumstances, your health insurance and out of pocket medical expenses can be deducted as well.

You may never take another vacation! From now on you could make them all Tax-Deductible Business Trips! That's right - it's not a mistake. What about Weekends and Holidays? What about Saturday night stay-over? What if I want to take my spouse with me? All these can be Tax Deductible.

And this is just the tip of the iceberg! There are dozens of other deductions:

• Mortgage interest or rent
  
• Gas, electric, water and sewer
  
• Cleaning crews to dust, vacuum and empty the trash
  
• Computers, copiers, fax machines and telephones
  
• Advertising
  
• Paper, pens and even postage
  
• Bank fees on business accounts
  
• Desks, sofas, coffee tables and other furniture
  
• Credit card annual fees (for business-only cards)
  
• Depreciation
  
• Painting, wallpaper, carpeting and other repairs/remodeling
  
• Legal and professional services
  
• Bad debts from sales or services (accrual method)
  
• Phone bills, cell-phones, pagers and Personal Digital Assistants
  
• Cost of goods sold
  
• Magazines and books for business education
  
• Mewspapers, magazines, books and on-line media
  
• Services performed by Independent Contractors
  
• Supplies and materials
  
• Plane fares, hotel costs, meals and rental cars
  
• Taxes and licenses
  
• Special work clothing or uniforms
  
• Lunches, dinners, ball games and theater tickets
  
• Security alarms and hidden cameras
  
• Health, llife, dental, vision, disability and unemployment insurance
  
• Company cars (and even boats)
  
• Contributions to Employee Retirement Plans
  
• Holiday cards, gifts and postage
  

And just about any other expense that qualifies as "ordinary and necessary" to operate their business

Stop Getting Cheated! You've Been In The Dark For Too Long ...

"Everyone with a home-based business needs this information. Everyone without a home-based business needs it even more. - Robert Allen"

The IRS is thrilled that millions of americans overpay their taxes every year, you can bet that they don't want you to find out how to reclaim that money for yourself.

There are two distinct tax systems in this country: the educated tax system and the uneducated tax system. The difference can be thousands of dollars every year. "It's How Much Your KEEP, That Counts! Not how much you Make" is the best guide to home business tax deduction book on the market today.

It is written in plain English. It translates complicated tax-law jargon into words you can understand and apply to your home-based business without hiring a CPA.... Whether you're going to start or have already started your business, you need this book. There is a wealth of valuable information to save you a lot of money in this book.

You can also subscribe to Ron Mueller's FREE Bulletin, "Tax Tips You Can Bank On".

Sign up today and become part of the educated tax system and stop giving your money away to the government!