Many of you WON'T get this...BUT you complain. Ask yourself, where has that gotten you..?
For those of you who wonder 'how'd they do that?'
It's simple really. Financial literacy and an Accountant that understands Tax laws. Again, it's really simple...in 2018 Amazon had a tax liability around 21%. Now a good Accountant that works 'FOR YOU' understands how to used legal loopholes and tax breaks for a business. This has absolutely nothing to do with Trump. Obama created the same loopholes and tax breaks as did every President before him. As will every President after him.
Many of you still don't get it. Let me break it down...
Our Ancestors were enslaved here in America and by force worked for free. The mentality of the slave owners 'I'm not giving you a penny.' To date, 2019 slaves...I mean, our Brothers and Sisters work, due to necessity, damn near for free. I'll explain. You guys have a job and get paid a wage. You are taxed on those wages, weekly/biweekly. Then yearly you are taxed on the sum total of your weekly/biweekly wages. Pay attention, you are taxed either for 52 weeks or 26. Then taxed on the same money after 365 days. Follow me...(taxed twice, on the same money, for the slow ones) Check the mentality now...'I don't want to pay you BUT since I have to legally, I'm going to tax you and take my money back.'
Now all of you using HR Block, the other folks or the online tax thing DO YOU REALLY THINK THAT SOFTWARE LOOKS FOR TAX BREAKS AND LEGAL LOOPHOLES? The answer: it can't because there are no breaks for slaves...I mean employees. Again it's simple, example: you work for $1/wk. They tax you for .18 state then .25 feds...do the math.
Now having financial education and being financially literate you'd know you need an Accountant. You need to turn your side hustle into a business. Then replace your job. Finally own a property. This allows you to play by the tax rules and within those loopholes. As a property owner you itemize. As a business owner you have write offs. An Accountant gets paid to make sure you keep your money.
MORAL OF THE STORY: You may never make Amazon money BUT you can still keep the money you made, just like Amazon did.
Stop complaining and learn something beneficial today. I AM a business owner. I'm a Business Coach/Consultant/Advisor. But y'all afraid to talk to me...🤦‍♂️🤷‍♂️
















