I had the biggest shock of my life when I discovered something after listening to a tax specialist during an interview. He said that if you are an employee and receive a W-2 then you are paying a ridiculous amount in taxes. Ok, I realize that this isn’t the big news of the day, but what shocked me was what came next. He said that there was a way that every single W-2 employee could keep an additional $20 per day adding up to as much as $4800 per year AND there was still even more tax savings on top of that!
Did you know the Warren Buffet pays less income tax than his own assistant? It’s true, billionaire investor Warren Buffet pays a measly 16 percent of his earnings while his $60,000 per year assistant pays 30%. Why, and is this legal? It’s completely legal and it’s because the IRS guidelines are written that way. Unfortunately a W-2 employee get’s the short end unless they also have a home based business. As a home based business owner you are not only permitted to take deductions based on your home office space but you are permitted to pay your children or any family members over the age of 7 up to $5700 per year straight wages without filing a W-2 for them. You just need to make certain that the wage is reasonable for the job, age has nothing to do with it. For example, you might pay your 7 yr. old to shred documents for you, according to the IRS you can pay your child the same as if you would be hiring a document shredding company, something like $25 per box. Instead of giving your 7 yr. old such a huge wage, you could open a savings account for them and deposit the money for future schooling, a car or something else. In essence you are sheltering money instead of handing it over to the IRS. You can’t do this as an employee but if you have a home based business you have legal rights to this.
Here’s another tidbit that completely blew my mind. Did you know that it’s possible to write off your auto-ship or at least part of it? Let’s say that your company is a juice, vitamin or you sell energy bars and you are on their auto-ship. Your product is a consumable item and therefore little if any can be written off you taxes as a “demonstrator” because as far as the IRS is concerned, you could have consumed it yourself. However, if your auto-ship is 100% silver or gold numismatic coins, you’re able to write off several months of these in order to fill up your display case and if you buy an initial stock of silver or gold coins you can write the entire collection of as a demonstrator. This is nothing short of amazing because you are legally permitted to acquire silver and gold assets that historically have increased in value at a higher rate than silver and gold bullion and you can get it all for FREE! This almost sounds too good to be real, but in fact it is.
So here’s what is all comes down to. You start a business from home but not just any business, a business in where your product is money, silver and gold money. You are able to trade your worthless paper money in for museum quality government issued silver and gold appreciable assets and you get to acquire them as a tax write off. There’s even a way yo get your silver for FREE!
So let’s add it all up;
Enroll in Business- $495 (This is a tax deduction and comes with your first 1 oz. Silver Eagle coin)
Collect enough silver and gold to fill your display case, 1 per month (15 graded coins retail market value per coin $150-250) Total wholesale price paid $1810
Total amount of tax deduction = $2305
Total assets collected – $2400
Amount of taxes saved by running a Numismatic business – $3600-4800 per year
Amount of income sheltered by running a Numismatic business – $5700 to ?????
Total savings = $7105 to ?????
Total assets gained = $2400
With the volatility of the US dollar and our government recklessly printing money even though we have nothing to back it up, collecting silver and gold might just be the only thing of value that many people will have should we have an economic collapse. My advice would be to convert as much of your paper dollars into precious metals and to take a very hard look at numismatic coins due to their long history of steady performance. Listen to this recorded interview and his recommendations.
If You’re finally prepared to focus on building a significant business and aren’t afraid of a little work You need to check this out. Approved by the United States, United Kingdom, Chinese, Austrian, Australian and Canadian as the only GOVERNMENT APPROVED METHOD to make money with social media.
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