This is the email subscriber question of the month: Greg, got a job offer. How do I work without paying taxes?
My reply was as follows:
I’ve worked before without having to pay taxes. However, each week I saved 20% of my income and put it into a separate savings account. Year end I filed my tax return and if I owed taxes paid them. Fortunately for 3 yrs. I was able to write off expenses and legally not pay any income tax.
There are people known as independent contractors, or 1099 employees as we call them in realm of all things finance. It is possible to pay no taxes if you take all allowable deductions. My advice to our monthly newsletter subscriber was if the law says pay taxes, you should do exactly that.
Thank you to our ongoing coaching letter subscribers and their email questions. Keep them coming!
To Your Financial Freedom,
Greg Whitaker
