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May 26, 2015
9:04:42am
What the govt does to those like you truly upsets me.That said, there are some
simple things you can do, but some of them take some doing and leaps of faith.

How you make your money is crucial. The govt kills those who work for other people. If you work for yourself, you can structure things in ways so that all of your expenses are deducted FIRST from your income before you are taxed, thereby lowering your taxable income significantly. (Rich Dad, Poor Dad 101)

Related, the type of investments you make can really do a lot for you. I love real estate as you can depreciate the whole use of the property. This last year, I built (had built) a property for a group of investors. We paid out $500k to the investors while reporting a $500k loss. So not only did we receive dividends, we had $500k in losses to apply to other gains or to carry over for next year.

If you have any questions...
Incentivize
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cvore
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Incentivize
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