3 ms·
Your 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
by sauronlord 10y ago
Your 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).