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> "Mind your own business" means structuring things simply and in such a way that you get paid more (ie: minimize tax expense... which IS your biggest expense).
by ashark 10y ago
> "Mind your own business" means structuring things simply and in such a way that you get paid more (ie: minimize tax expense... which IS your biggest expense).
I'm having trouble figuring out what you could mean by this that isn't some variety of "you know how to make money? Already have a lot of money." What do you mean?
- sauronlord 10y agoYour dream could be to serve another man's or woman's dream. But why? Quick example: - get paid $S as employee, government takes X% in income tax - get paid $S as consultant/corporation, government takes Y% in corporate tax Usually X > Y and you have no ability to write-off your operating expenses as an employee, but can as an incorporated entity (phone plan, fuel, portion of your rent/mortgage, office supplies, etc) It is about Structuring your life and professional dealings in a way to keep more money in your pocket (and have your money work for You, instead of You working for money).