Editor`s Rant - Taxes vs. Prosperity

In recent weeks the debate over taxes has heated up. This month is different from past Aprils due to the tumult building over the `Tea Party` events being planned for today (April 15^th). There`s lots of heat being generated. but what about some light? Let`s get tax matters straight since these tax issues and misunderstandings are happening at a historically bad time for our economy.

Point #1: What a `tax` really is
We need to understand that a `tax` is a FORCED transaction . This makes it different from other paid transactions that are voluntary. FORCED transactions lie at the heart of many of our economic ills. Trillions of dollars are FORCED to be paid by individuals and organizations to pay for numerous federal, state and local programs and initiatives. Because taxes are FORCED transactions, that means that money is spent on things that the public would not spend on voluntarily. That means massive mis-allocation of resources. Right now, the waste is easily measured in trillions as millions of Americans suffer.

Point# 2: `A person has the right to the fruits of one`s labor`
Remember that a tax is taking by force money that was morally earned by one person and that money (again, by force) is given to others that didn`t earn it. the heart and soul of a productive economy is that when one works and earns money then it is a proper role of government to take as little as possible. This is why a limited government isn`t just good for the economy. it is a good idea for all of us individually as we try to keep more of `the fruits of our labor`.

Point# 3: `When you tax something you get less of it`
Taxing labor and productivity means you then ultimately get less labor and productivity. Our economy doesn`t need more consumption and spending; it is starved for more production and we need to encourage that. Less (and lower) taxation means more rewards for those that work and produce. More production means a better economy. Right now as you read this, many businesses and individuals are moving away from high-tax jurisdictions and to lower tax jurisdictions. Higher taxes punish productivity and ultimately that means fewer jobs.

There is more and we will cover more in due course in future editions. In the meanwhile, here are some of my favorite resources on taxes for you:

• National Taxpayers Union

www.ntu.org

• Tax Brain

www.taxbrain.com

• Fair Tax

www.fairtax.com

• Americans for Tax Reform

www.atr.org

• Tax Sites Directory

www.taxsites.com

One of my favorite tax-saving strategies

Start a home business. A home business is an excellent part of your over-all wealth-building strategy. I think that a home business is an economic necessity. You can do one either full-time or part-time. I tell people to start a home-business for 3 basic reasons:

1. Make extra income.
2. Do something you love to do.
3. Save on taxes.

Of course, tax savings shouldn`t be your primary motive but that is certainly part of the appeal. Here are some of the tax benefits to you:

1. Expand your retirement planning with a SEP-IRA Did you know that as a home business you can start retirement plans that are not as readily available to W-2 employees? A home business could qualify you for a SEP-IRA. As of 2008, you could contribute up to $46,000 in a SEP-IRA (with some limitations and qualifications). `SEP-IRA` stands for `Self-Employed Pension Individual Retirement Account`. Ask your tax person about it.

2. Your own `Solo 401K` plan That`s right.  you could qualify for your own individual 401K plan. With this plan, you could contribute up to $15,500 (as of 2008).

3. Writing off home office expenses Home office deductions are worth thousands to you. Say for example that you are a renter and you pay $10,000 per year in rent. If you had a home office and it occupied 30% of your rented living area, that means you could legitimately deduct $3,000. that amount would go dollar-for-dollar against your home business income. Keep in mind that whether you have a business or not, you`re still paying the same $10,000 rent. However.  now that you have a home business. you would get a great $3,000 deduction that you didn`t pay directly one dime. You can also be able to write-off a portion of utilities and other expenses, too. Get IRS publication 587 at www.irs.gov for more details.

So what are you waiting for? Start a home business (see next section). Turn your time, talents, skills, experience, etc. into a fun, viable business from the comfort of home and get some tax breaks too. And again, talk it over with your tax person so that you can keep more of the hard-earned fruits of your labor.

http://www.wiley.com/WileyCDA/WileyTitle/productCd-0470130873.html

Paul`s seminar `Home Business Goldmine`

Building wealth and prosperity is a `two-pronged` approach. There is passive wealth-building (such as through investing) but there should also be `active wealth-building` (such as being in a business). Today`s newsletter deals with active wealth-building.

I have done this popular seminar for over two decades and it is still going strong! It was recently updated so that the money-making information and guidance will help you in today`s tough economy:

HOME BUSINESS GOLDMINE;
How to Turn Your Talents, Hobbies & Skills into Big Profits from Home!

(Recorded Mar`09)

Do you want another source of income without leaving your job? Are you worried about your position, your company or your financial security? Use the same techniques and strategies that have been used by today`s millionaires! No matter who you are or what you are currently doing, you can turn your spare time & energy into money. Find out how to start & operate from home, part-time or full-time. You don`t need capital to get started, just a desire to succeed. Learn the right approach complete with how-to and where-to information. You`ll learn about dozens of specific ways to earn money in hot areas such as mail order, Internet businesses, online auctions, self-publishing, factoring, brokering, finder`s fees, liquidating. etc. Imagine earning $50,000 by bringing money to businesses! Or find over 2,000 sources of wholesale products to earn big re-sale profits. Imagine earning big finder`s fees just by doing simple research at the library or perusing public records. Start a low-risk, high-potential journey to financial security. In the past 20+ years Paul has taught thousands of people to launch a successful home-based business!

FREE BONUS: Home Business Resource Report

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By the way, there are many different kinds of home businesses and you`ll find lots of great seminars at www.SuperMoneyLinks.com. Some good examples are consulting or selling stuff in online auctions.

Earn money with Paul Mladjenovic on the Internet

I am now working diligently with my great webmaster, Eddie, on some programs that you could easily do on the internet and make money with us! All of my business and financial seminars are available as downloadable programs (at www.SuperMoneyLinks.com). You could easily earn a 50% profit on each seminar or package sold by you through your website or email activities. It is all done on the internet so there is no fuss, no bother and not complicated at all. No shipping or mailing or whatever! You can do it full-time or part-time. I personally think that this is an excellent home business.

We could provide you with the web pages and the guidance. For any programs that are sold, checks would be issued monthly. These are the same seminars that I have done across the country for nearly a quarter century. They have helped hundreds of thousands of folks during that time with investing, retirement planning, starting a business, generating cash flow and much more. I want these programs available for resale because the economic times are very difficult and people need a way to help themselves as they learn about earning, saving and investing money.

These programs can be either a great business opportunity, a nice profit center for an existing business or a great fund-raising vehicle for non-profit groups.

Right now, to sign up as a reseller is FREE. But that won`t last. Register by April 30<sup>th</sup> as a Prosperity Alert reseller and registration is FREE. I have no decided what the structure, offer or cost will be come May so don`t delay. This is your chance to start increasing your financial security.

Feel free to email me at paul@mladjenovic.com if you have any questions. I will make sure that you will be a registered reseller if you are sincerely interested. Just remember:

THE `FREE` REGISTRATION DEADLINE IS APRIL 30, 2009

Let`s build prosperity together. Thank you and I wish you continued success.

Kind Regards,
Paul Mladjenovic
www.mladjenovic.com

P.S. While you`re at it.  take a look at my current financial seminar programs at www.ProsperityNetwork.net. Don`t just survive in today`s economy.  Thrive!

http://www.amazon.com/gp/product/0764599038/qid=1138517977/sr=1-1/ref=sr_1_1/104-9137451-8175124?s=books&v=glance&n=283155

How would like to participate in making money! Login in to Your Business Profile and under the "Referral link" section you will see your affiliate code with your already populated affiliate number show below. Just copy and paste to as many websites you want to display the affiliate link and start making money! To see additional instructions on our affiliate system just click on the link below. http://www.supermoneylinks.com/AffiliateProgram/tabid/209/Default.aspx

A new e-commerce web portal www.SuperMoneyLinks.com was developed by the great professionals at www.NexWEB.com. They are a top-notch team that I have joined forces with to bring Mladjenovic content to the web.

For those of you that need excellent point and click Internet services, please contact them directly through their website at www.NexWEB.com.
Tell them Paul sent ya!