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The following article was published in our article directory on January 9, 2016.
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Are You Consistently Obtaining Screwed By Uncle Sam On Your Annual Tax obligations?

Article Category: Advice

Author Name: Zach Loescher

I {know|understand|recognize} I {probably|most likely|possibly} {found|discovered|located} {a few|a couple of} {people|individuals}'s {hot|warm|very hot} {button|switch} right? You {know|understand|recognize} you {go to|visit} {work for|help|benefit} 40+ {hours|hrs} a week for {approximately|roughly|around|about} 50 weeks a year to {only|just} have the {government|federal government} {take away|remove|eliminate} their cut of your {hard work|effort}! {But|However|Yet}, why are you {giving away|handing out|distributing} your hard-earned {money|cash} when you could be {working at|working from} {saving it|waiting}? Did you {know|understand|recognize} the {average|typical|ordinary} American is paying {approximately|roughly|around|about} 21 % in {taxes|tax obligations} {per year|annually|each year}? {Wouldn't|Would not} you {want to|wish to|intend to} {save|conserve} {part|component} of that?

{Let|Allow}'s {look at|take a look at|check out|consider} some numbers {here|below|right here} {before|prior to} I {tell|inform} you the {real|genuine|actual} {truth|reality|fact} {about|regarding|concerning} either paying your {taxes|tax obligations} or making them {work for|help|benefit} you! If you {live in|reside in|stay in} New {Jersey|Jacket}, Connecticut, DC, or {California|The golden state} sorry you are {living in|residing in|staying in} {some of|a few of|several of} the {highest|greatest} {tax|tax obligation} {areas|locations|rooms}! {But for|But also for} those in Mississippi, Florida, {and|as well as|and also} West Virginia you {are in|remain in} {the lowest|the most affordable}, so congrats there!
In {federal|government} {fiscal year|financial year} 2014 (October 1, 2013 to September 30, 2014), the federal government {collected|gathered|accumulated} $3.0 trillion in {revenues|incomes|profits|earnings}, which were {composed|made up|comprised} of 46 % {individual|specific} {income|earnings|revenue} {taxes|tax obligations}, 34 % {social insurance|government insurance program|government-mandated insurance} {taxes|tax obligations}, 11 % {corporate|business|company} {income|earnings|revenue} {taxes|tax obligations}, 3 % {excise|levy|duty|import tax|tariff} {taxes|tax obligations}, 1 % {custom|customized|custom-made|personalized} {duties|responsibilities|tasks|obligations}, 0.6 % estate {and|as well as|and also} {gift|present} {taxes|tax obligations}, {and|as well as|and also} 4 % {miscellaneous|various|assorted} {receipts|invoices}.
In 2013, state {and|as well as|and also} {local governments|city governments} {collected|gathered|accumulated} $1.5 trillion in {taxes|tax obligations}, which were {composed|made up|comprised} of 34 % sales {taxes|tax obligations}, 30 % {property taxes|real estate tax}, 23 % {individual|specific} {income|earnings|revenue} {taxes|tax obligations}, 4 % {corporate|business|company} {income|earnings|revenue} {taxes|tax obligations}, 1 % {social insurance|government insurance program|government-mandated insurance} {taxes|tax obligations}, {and|as well as|and also} 8 % {other|various other} {taxes|tax obligations}.
As you can see those are some {very large|huge|large|big} numbers that you are {contributing|adding} {too|as well|also} by {working|functioning} your J.O.B. for {a given|a provided|an offered} {amount|quantity|amount of money} with not {a lot of|a great deal of|a bunch of} hope of {moving up|going up} as {quickly|rapidly|swiftly|promptly} as you {would like to|wish to|want to|would love to} {better|much better|far better} your {current|present|existing} {situation|circumstance|scenario}, {correct|fix|remedy|deal with}? {But|However|Yet}, if you {think|believe|assume} {in reality|actually|in truth} that when you {get|obtain} the {better|much better|far better} {position|location|placement} {what|exactly what|just what} are you {really|truly|actually} {getting|obtaining}? {More than|Greater than} {likely|most likely} with your {move|step|action} {higher up|higher} comes {a better|a much better|a far better} pay, which {in turn|consequently|subsequently|then} {means|implies|indicates|suggests} {only|just} {more|much more|a lot more} paid in {taxes|tax obligations} {correct|fix|remedy|deal with}?

{People|Individuals} {are over|more than|end} paying on their {taxes|tax obligations} for 3 {main|primary|major} {reasons|factors}:
{Fear|Worry|Concern|Anxiety} of the {IRS|Internal Revenue Service} {and|as well as|and also} being Audited.
Not {keeping|maintaining} {good|great|excellent} {tax|tax obligation} {records|documents} {therefore|for that reason|as a result|consequently} {missing out|losing out} on {deductions|reductions}.
{NOT knowing|UNKNOWNING} the {Rules|Guidelines|Policies|Regulations}!

So, {how|exactly how|just how} does one {lower|reduced} their {taxes|tax obligations} {legally|lawfully|legitimately} you are asking {by now|now}! Well, it is {really|truly|actually} {simple|easy|basic|straightforward}. {We all|All of us|Most of us} {want|desire} {more|even more} {cash flow|capital}, {more|even more} {freedom|flexibility|liberty}, {more|even more} {family|household|family members} time, {and|as well as|and also} to {set|establish} our {own|very own} {hours|hrs} right? There are {basically|essentially|generally|primarily} {two|2} {simply|just|merely} {ways|methods|means} to {cut|reduce} your {taxes|tax obligations}:

{Make Less|Earn less} {Money|Cash} or

{Qualify for|Receive|Get approved for|Obtain|Get} {more|even more} {TAX|TAX OBLIGATION} {DEDUCTIONS|REDUCTIONS}
"{The best|The very best|The most effective} {way|method|means} to {qualify for|receive|get approved for|obtain|get} {more|even more} {Tax|Tax obligation} {Deductions|Reductions} {and|as well as|and also} {keep|maintain} {more|even more} of your {hard|difficult|tough} {earned money|made money|generated income} is to {operate|run} a "homebased {Business|Company}"" Scott Estill-- {former|previous} {senior|elderly} {trial|test} {attorney|lawyer} for the {IRS|Internal Revenue Service}
As a W-2 {wage earner|breadwinner} ({employee|worker|staff member}) you {are able to|have the ability to} {deduct|subtract} {approximately|roughly|around|about} 10 {items|products|things} from your {yearly|annual} {taxes|tax obligations}. As {a Home Based|a Home|an Online} {Business Owner|Entrepreneur|Company owner} you {get|obtain} those 10 plus {literally|actually|essentially} 1,000's of others {outlined|described|detailed|laid out|summarized} in the {IRS|Internal Revenue Service}'s 70,000 plus {tax|tax obligation} codes {and|as well as|and also} {documents|files|papers|records}!

A few of those {deductions|reductions} {include|consist of}: {Office Space|Workplace|Office}, {Business|Company} Trips, Medical {Expenses|Costs|Expenditures}, {Hiring|Employing|Recruiting} your {spouse|partner} or {children|kids|youngsters}, {Meals|Dishes}, {Entertainment|Home entertainment|Enjoyment|Amusement}, {Auto|Car|Automobile|Vehicle} {Expenses|Costs|Expenditures}, {Cruises|Cruise ships|Trips}, {Cell Phones|Mobile phone|Cellular phone}, {Utilities|Energies|Energy bills}, {Computers|Computer systems}, {Furniture|Furnishings}, {Internet|Web|Net}, {and|as well as|and also} {many|numerous|lots of|several} {other|various other} {business|company} {related|associated|relevant} {items|products|things}!

So, {simply put|basically|put simply} the # 1 {tax|tax obligation} {strategy|technique|method|approach} in America is to do something with the intent {to make|making|to create} {a profit from|a benefit from|a make money from} {home|house|residence|home or business}! {And|As well as|And also} to {take advantage of|benefit from|make the most of|make use of|capitalize on} {what|exactly what|just what} Congress {has|has actually} {set in|embeded in} 3 {simple|easy|basic|straightforward} {requirements|demands|needs} for you to {meet|satisfy|fulfill}:
Have the intent {to make|making|to create} {a profit|a revenue|an earnings}
{Work|Function} your {business|company} on {a regular|a routine|a normal} {and|as well as|and also} {consistent|constant|regular} basis
Treat it like {a business|a company}-- {Keep|Maintain} {good|great|excellent} {records|documents}!

So, these {sounds|noises|audios} all {great|fantastic|terrific|excellent|wonderful} {and|as well as|and also} I am {guessing|thinking|presuming} you are {thinking|believing|assuming} {but|however|yet}, if you{'re like| resemble} me you {want to|wish to|intend to} see numbers !! Well, in 2014 the {average|typical|ordinary} American {household|home|family|house} {income|earnings|revenue} was $63,784 {and|as well as|and also} {average|typical|ordinary} {spending|investing} was {approximately|roughly|around|about} $41,000 {based on|based upon} {a household|a home|a family|a house} of 2.5 {people|individuals} with 1.3 {earning|making|gaining} {an income|an earnings|a revenue}. This {graph|chart} {gives|provides|offers} you the {normal|typical|regular|healthy} W-2 {earner|income earner} versus {a homes based|a home|an online} {business owner|entrepreneur|company owner} {and|as well as|and also} {how|exactly how|just how} {simple|easy|basic|straightforward} taking a pre-tax {deduction|reduction} {can|could} {literally|actually|essentially} {save|conserve} you thousands!!!

As you {can|could} see having the {advantages|benefits} of {a home based|a home|an online} {business|company} {can|could} {gain|acquire|get|obtain} you thousands {more|much more|a lot more} at the end of the year! {And|As well as|And also} {tell|inform} me {what|exactly what|just what} {household|home|family|house} {isn't|isn't really} {already|currently} {using|utilizing|making use of} {most of|the majority of|a lot of} {the things|the important things|things|the many things} daily that you could {use|utilize|make use of} as {tax|tax obligation} {deductions|reductions} if you had {a home based|a home|an online} {business|company}?
Do you have {an extra|an additional|an added} {five|5} to {ten|10} {hours|hrs} {per week|each week|weekly} to be {a business owner|an entrepreneur|a company owner} {and|as well as|and also} not {only|just} have {a secondary|an additional|a second} {income|earnings|revenue} {but|however|yet} {also|likewise|additionally} {gain|acquire|get|obtain} some {very|extremely|really|quite} {nice|good|great|wonderful} {tax|tax obligation} {deductions|reductions} {legally|lawfully|legitimately}? {What if|Suppose} that {five|5} to {ten|10} {hours|hrs} {turned into|became|developed into} {a primary|a main|a key} {income|earnings|revenue} {and|as well as|and also} it {gave|provided|offered} you the {freedom|flexibility|liberty} you were {looking for|searching for|trying to find|seeking} all {because|since|due to the fact that|considering that} you {wanted to|wished to|intended to} {save|conserve} {more|even more} {money|cash}?

{Let|Allow} me ask you this, Why {wouldn't|would not} you {want to|wish to|intend to} {save|conserve} thousands a year??

About the Author: Zach is a 20 year veteran First Responder and expert when it comes to Social Media Marketing and networking. To read more about "Are You Always Getting Screwed By Uncle Sam On Taxes?".ZLoescher.com Click here.

Keywords: Taxes, Tax Deductions, Uncle Sam

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