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Every day, taxes are stealing your life away. Income tax, sales tax, value-added tax, employment tax, and a host of other taxes are eating away at your life. The average person in a developed country spends 25 to 35 percent of their life working to pay taxes. That means more than two hours of every workday are dedicated to feeding your government. And three to four months out of every year are spent working solely so that you can pay your taxes. That adds up to over 13 years in your work life and 20 years in your lifetime—20 years. That’s a prison sentence. Now that we’ve got your attention, you probably want to know how taxes actually work. The governments of the world found that the income tax was a useful revenue-raising tool that could be used to rebuild an economy. So the governments began taxing the middle class. At first, it was only the excess earned by employees over the average cost of living that was taxed. As they watched the behavior of the people who were now paying income tax, they found that a minor change to the tax law could have a profound effect on the behavior of the people. If the government gave a tax incentive to invest in business, more people would invest in business. If they gave a tax benefit to those who invested in oil and gas, more people would invest in oil and gas. And so the tax law grew from a simple revenue-raising to one that governed the economic activity of the land. And so it is today that the tax laws of every country are modified as the economy changes and as social policies change. You may think that you have no choice about how much tax you pay. Everyone has to pay taxes, right? Wrong. There are millions of people who legally pay little or no tax. What’s their secret? They’re not exploiting some loophole in the law, they’re simply following the blueprint the government has for economic growth. All of this is contained within the tax law. So, when you understand the tax law of your country, you will understand what the government wants you to do with your money. And you will understand the fundamental principles for making large amounts of money. Tom Wheelwright discovered that the tax laws in all developed countries are similar. They are so similar, in fact, that a book could be written that applies to entrepreneurs and investors around the world. Tom’s new book, “Tax-Free Wealth” is that book. Although the individual tax details may differ, the concepts are the same regardless of your country of origin or the country in which you do business. And all you, the entrepreneur and/or investor, need to know is the concepts to take gain an unfair advantage and generate wealth through tax strategies. Success Resources: http://www.srpl.net/
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