Save $2,000 to $10,000+ Every Year on Your Taxes
If I offered to give you $5,000 every year when you pay your taxes and all you needed to do in return was give me $1 a day ($360 per year), would you do it? Of course you would, who wouldn’t? Everybody you know would take the $5,000 a year over $1 a day.
- Enlyten gives you an entire home based business on a silver platter for just $1 a day
- The average home business owner saves $2,000 to $10,000 each year on their tax bill
- Put these two facts together and you have your own personal “bail-out” EVERY YEAR!
Put these two facts together and you have 2,000 to 10,000 reasons to own an enlyten business, even if you never make a penny from enlyten.
How is this possible you ask? Simple. United States tax law differs depending on how you earn your income. As an employee, you must pay all your expenses AFTER your income is taxed. Before you even see your paycheck, your taxes have already been deducted and you never even get to touch that part of your hard earned income. Then you have the remaining amount to pay your rent, your utilities, your phone and internet bills, etc.
As a business owner, the tax law is the opposite, you get to pay all of your expenses BEFORE your income is taxed. As a business owner, you take all of your income and subtract all of your expenses and only pay tax on the remaining amount. If the remaining income is zero, then you DON’T PAY ANY TAX on any of your business income.
Furthermore, if your business lost money (your expenses are greater than your income), you can deduct the amount of money you lost in your business from any other income you earned from your normal job. As an example, lets say you make $50,000 a year from your normal, nine-to-five job and you decide to start up an enlyten business in your part time. Over the course of one year, if you don’t make a single penny with enlyten but you have $10,000 in expenses (see expense examples below) you can apply to your enlyten business, you get to deduct that $10,000 “business loss” from your $50,000 salary and pay tax on just $40,000. If you are in the 25% tax bracket, you just saved yourself $2,500 in taxes (25% of $10,000 )!
For the purposes of this example, I have assumed the worst case scenario, that you pay your $29.95 a month (about $2 a day) all year and you never sell a single enlyten product or enroll a single enlyten promoter into your enlyten team. In other words, you don’t make any money with your enlyten business. http://www.allstrips.com/enlyten/save-2000-to-10000-every-year-on-your-taxes/ http://www.allstrips.com/enlyten/save-2000-to-10000-every-year-on-your-taxes/At the end of the year, you would have paid about $360 ($1 a day) for your enlyten business but you would have saved $2,500 on your taxes. This conservative example equates to an extra $2135 in your pocket at the end of the year because you are an enlyten business owner. If you make more than $50,000 a year or if you find more business expenses to deduct, you will save even more.
As a home based business owner, you can legally deduct all expenses incurred in the operation of your business. Here is a list of common items that home based business owners deduct from their taxes:
- Home office expenses including partial rent and utility costs
- Home computer costs
- Home internet connection costs
- Cell phone and home phone costs
- Business costs (the $29.95 you pay each month to enlyten is tax deductible)
- Business travel costs (maybe you flew to Las Vegas for the weekend and talked to people about enlyten)
- Business vehicle expenses (car payment, insurance, mileage are all deductible when used for your business)
- Advice from a tax professional is completely tax deductible.
You should speak with a tax professional when compiling a list of your business expenses. A tax professional is also a business expense and will be able to maximize the savings from your home based enlyten business.
With the tax savings from my enlyten business, I paid for a $3,000 cruise for my wife and I.
What will your do with all your extra tax savings at the end of 2010?
This is all not to mention that your $29.95 monthly investment will allow you to earn unlimited income by showing others how to reduce their tax bills as well.