Monday, January 24, 2011

How to have your earned income taxes saved during the year.

We pay taxes all year and wait on w-2's to get our money back. Should this be the life we live? What if we could keep our money through the year and find a way how to pay taxes at the end of the year without having to pay any taxes on the income we earn?

Bare with me now I know your probably thinking this is something that is illegal. It only sounds illegal because of the lack of information that only a few select know about. That few select would be the wealthy people with this information.

These people don't let the government dictate when they will get to use and spend their money. They use their use earned income taxes that they saved during the year because they know their money is better valued now then in the 14th month of the year in most cases.

Let's take a family that gets back $7000.00 in an earned income tax return saved until the end of the year. If you were to put that $7000.00 in a bank and it yield a 2% return, they would earn $140.00 on that $7000.00.

Let's say they got a little riskier and invested in some positive gain stocks that they could earn a 5% return per quarter. They would have earned $1400.00 that year off of the $7000.00.

Now the government is holding their money for 1 year interest free when in this example on the low end they would have earned $140.00 off the money they earned. Now on the other hand you can bet your fancy bottom that if you owe them money and you don't pay, what will happen to you?

You will have a penalty plus interest on the money that's due to them. Of course this is the way of the land, but there are ways in which you can have your money work for you instead of you working for your money.

The answer to you getting to keep your money now and maybe pay later is through your very own business. You will have to set it up properly so you can take advantage of the way the wealthy earn their income taxes that's saved during the year.

Take advantage of the methods of how to keep your money during the year earning you profits.