Do you know the answer to this question? I guess no. Maybe you can blame your teacher for not teaching you. But no.
We all know that the Education system is corrupt. So, it will be a nice act not to blame our Teachers. Teachers really have zero power in our Education system!!!
The only power everyone s opened top is Investing in yourself. I mean, it is the best investment you could ever make. And the returns on yourself are endless.
So Why is a Man like Jeff Bezos not taxed?
And yet, Amazon’s federal tax bill this year: $0. For the second year in a row.
In fact, Amazon is actually getting a federal tax refund of $129 million this year, due in part to a combination of tax credits and deductions.
This is despite the fact that Amazon nearly doubled its taxable income in 2018 to $11.2 billion, from $5.6 billion a year earlier.
#1. You can’t tax the rich because the rich don’t have jobs!” That’s fact!
#2. "The rich don't have jobs; they have assets."
#3. They learned a long time ago how to financially stable using the little methods that counts.
A factual reason #1 Amazon’s nonexistent federal tax bill is the Tax Cuts and Jobs Act that Congress enacted in 2017 in the US, which lowered the statutory corporate tax rate from 35 percent to 21 percent.
A factual reason #2.Amazon has created so many opportunities and brought Commerce to the doorsteps of every American.
A Fallacious reason #3
We pay amazon to ship our products. Amazon takes that money and pays the post office. Amazon keeps some of that money as profit and pays the post office less. We pay the post office the difference in taxes. So amazon is causing us to pay more taxes.
President Trump Gets Mad
I have stated my concerns with Amazon long before the Election. Unlike others, they pay little or no taxes to state & local governments, use our Postal System as their Delivery Boy (causing tremendous loss to the U.S.), and are putting many thousands of retailers out of business!
In a response, a citizen said,
All right Trump, listen closely. I voted for you and I'm really starting to regret it. Amazon has created so many opportunities and brought Commerce to the doorsteps of every American. It has benefited my business (for which we pay taxes for) spanning several years.Now do you know that if you don't want to be poor, you must take the money from the rich?
How? 100% inheritance tax!!! Let’s leave it there for now.
Over to you.
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How Is Your Finances And How Far Have You Gone?
This is the way out. The ONLY way to make money I think (as an entrepreneur) is following the steps below.
#1. Keep your price competitive and reasonable (low margin, high turnover)
#2. Start by marketing and selling something that people want (product or service that solves a problem/fulfills a need).
#3. Continue building up and expanding your market/audience (start local, go global).
In all these, Positive thoughts helps a lot, so, make it your companion.
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