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STOP. PAYING. TAXES. (qalerts.app)

posted 2 years ago by DarQ2light 2 years ago by DarQ2light +54 / -1

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– intellectual-darkweb 7 points 2 years ago +7 / -0

Form a business. Many, many things are deductible. From Rich Dad Poor Dad:

Businesses

Earn money
Spend money
Pay taxes on what remains

Individuals

Earn money
Pay taxes on all of it
Spend what remains

Also, if you structure it right, passive income (as defined by the IRS) is not taxed. Keep in mind you have to set things up correctly to use depreciation and debt spread out over years and you can avoid most or even all taxes.

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