MR. SMART VS TAXMAN:
On your left is the well-known Mr. taxman. how much strange his face is the more strange is his tax system. it divides the people into four types:- employ, businessman, investor and self-employed people.
tax percentage:-
employ:40%
businessman:20%
investor:0%
self-employed:60%
To save yourself from Mr. taxman," Mr smart" recommends you be in the business and investor quadrant.
you can convert your quadrant like, you are an employee and so you pay 40% tax you should need to get out of that, which is also known as a rat race.
The more you get scared from the taxman, the more he will tax you. you should be confident to face the taxman.
"The most important thing, you should face more on your asset column rather than your income"
That is, you should increase the assets which would give you the money where you are not physically present. rather than if the income increases the Taxman will tax you more.
so, don't let the taxman tax you.now,
When it comes to tax, the rich make the rules. if you want to become rich, you have to play by the rules of the rich.
The rules of money are skewed in favour of the rich, and against the working and middle classes. After all, someone has to pay taxes.
The rules of money are skewed in favour of the rich, and against the working and middle classes. After all, someone has to pay taxes.
There are many ways that the rich make a lot of money and pay little to no money in taxes. On the flip side, the poor and middle-class toil away for their money, pay more in taxes the more they earn, and then park their earnings in savings and/or retirement accounts. In the meantime, they receive little or no cash flow on which to live while waiting for retirement -- when they’ll live on their meagre savings.
MR. taxman |
tax percentage:-
employ:40%
businessman:20%
investor:0%
self-employed:60%
To save yourself from Mr. taxman," Mr smart" recommends you be in the business and investor quadrant.
you can convert your quadrant like, you are an employee and so you pay 40% tax you should need to get out of that, which is also known as a rat race.
The more you get scared from the taxman, the more he will tax you. you should be confident to face the taxman.
"The most important thing, you should face more on your asset column rather than your income"
That is, you should increase the assets which would give you the money where you are not physically present. rather than if the income increases the Taxman will tax you more.
so, don't let the taxman tax you.now,
TAKE ACTION
mr. smart vs taxman
Reviewed by harsh chauhan
on
January 06, 2020
Rating:
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