| The harder you work, the more you pay the governmentThat is why I believe that the idea of "Take from the rich" backfired on the very people who voted it in
Every time people try to punish the rich, the rich don't simply
comply, they reactThey have the money, power and intent to change thingsThey do not just sit there and voluntarily pay more taxesThey search for ways to minimize their tax burdenThey hire smart attorneys j and accountants, and persuade politicians to change laws or create legal loopholesThey have the resources to effect change
The Tax Code of the United States also allows other ways to save on taxesMost of these vehicles are available to anyone, but it is the rich who usually look for them because they are minding their own businessFor example, "1031" is jargon for Section 1031 of chanel ceramic watches the Internal Revenue Code, which allows a seller to delay paying taxes on a piece of real estate; that is sold for a capital gain through an exchange for a more expensive piece of real estateReal estate is one investment vehicle that allows such a great tax advantageAs long as you keep trading up in value, you I will not be taxed on the gains, until you liquidatePeople who do not take advantage of these tax savings offered legally are missing a great opportunity to build their asset columns
The poor and middle class do not have the same resourcesThey sit there and let the government's needles enter their arm and allow the blood donation to beginToday, I am constantly shocked at the number of people who pay more taxes, or take fewer deductions, simply because they are afraid of the governmentAnd I do know chanel jumbo xl bag how frightening and intimidating a government tax agent can be I have had friends who have had their businesses shut down and destroyed, only to find out it was a mistake on the part of the governmentBut the price of working from January to mid-May is a high price to pay for that intimidationMy poor dad never fought backMy rich dad didn't eitherHe just played the game smarter, and he did it through corporations-the biggest secret of the rich
You may remember the first lesson I learned from my rich dadI was a little boy of 9 who had to sit and wait for him to choose to talk to meI often sat in his office waiting for him to "get to me He was ignoring me on purpose He wanted me to recognize his power and desire to have that power for myself one dayFor all the years I studied J and learned from him, he black chanel bag with white logo on the side always reminded me that knowledge was powerAnd with money comes great power that requires the right knowledge to keep it and make it multiplyWithout that knowledge, the world pushes you around Rich dad constantly reminded Mike and me that the biggest bully was not the boss or the supervisor, but the tax manThe tax man will always take more if you let him
The first lesson of having money work for me, as opposed to working for money, is really all about powerIf you work for money, you give the power up to your employerIf your money works for you, you keep and control the power
Once we had this knowledge of the power of money working for us, he wanted us to be financially smart and not let bullies push us aroundYou need to know the law and how the system worksIf you're ignorant, it is easy to be bulliedIf tiffany silver you know what you're talking about, you have a fighting chanceThat is why he paid so much for smart tax accountants and attorneysIt was less expensive to pay them than pay the governmentHis best lesson to me, which I have used most of my life, is "Be smart and you won't be pushed around as much He knew the law because he was a law-abiding citizenHe knew the law because it was expensive to not know the law "If you know you're right, you're not afraid of fighting back Even if you are taking on Robin Hood and his band of Merry Men
My highly educated dad always encouraged me to seek a good job with a strong corporationHe spoke of the virtues of "working your way up the corporate ladder He didn't understand that, by relying solely on a paycheck from a corporate employer, I would be a docile cow ready for pasha de cartier 32 mm steel milk |
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