So Paying Taxes May NOT Be Inevitable After All!

Hey Kevin Pritchett here:
You’ve heard the old saying…

‘2 Things In Life Are Certain…Death and Taxes’

Well it appears that old saying is only HALF right…    There is a safe, legal, tried and true strategy for receiving TAX FREE income.   First, a little background on how we’ve ALL be suckered punched!!

The 3 Tax Buckets
To keep things simple, there are 3 main ways your money can be taxes…

1.  The ‘Tax Now’ Bucket.
‘Tax Now’ category…otherwise known in tax parlance as ‘ORDINARY INCOME’..the highest tax rate there is.

This is money that is taxed immediately upon and and in most cases even BEFORE you receive it. Examples of ‘Tax Now’ money include:
-current W-2 wages
-bank CD income (outside of an IRA or 401k)

‘You’ll NEVER Accumulate Wealth in ‘Tax Now’
This category should be most familiar those of you who have a regular job.   Uncle Sam (and your state tax agency) take their money even before you get yours…and you get what’s left.   You want to remove as much as possible from this category as fast as you can.

This tax categorization is the main reason (in addition to wealth accumulation) we all became business owners.  The extent to which you can minimize exposure to this ‘Tax Now’ category is the extent to which you will accelerate your wealth accumulation and advance yourself toward TAX FREE income status

Tax Free Income Plans
    When you know the tax traps and how to avoid them, you truly can exclude almost all of your wealth from taxes.  In fact I have clients who I have created TAX FREE income plans who receive $50,000, $100,000 or more in TAX FREE income every year and will receive it for the rest of their lives.

Tomorrow I’ll unpact the second of the 3 Tax Buckets…the Tax Later Bucket.

“Remember,things don’t get better with neglect…”

Kevin Pritchett, Esq
Law Office of Kevin Pritchett
JPI Ventures LLC
Founder- The Founder/CEO Business Collective (FBOC)

P.S.  If you just can’t wait put your email in the box to the right and receive my 7 part Business Owner Tax Free Income Special Report and Videos in your email inbox immediately.