The Tax Protection Team
Hey JessTax collectors
Being part of the middle class makes for an interesting life of falsehoods and indoctrination, one of them being paying tax. As a citizen of a nation you are obliged to give up part of your monetised productively or consumerism to the government you subscribe to, and there's no way around it. You're always going to pay tax until you either have nothing to take, or you have so much you find smart ways to protect it.
The rest of us in the middle pick up the tab for both ends of society and the most part, it seems we're pretty okay with that fact, its the cost of doing business I suppose.
Sound smart but act dumb
If there's one thing I've learned during my lifetime is that EVERYONE is smarter than me, I don't think I've met a single person who doesn't have more knowledge than me and forcibly makes me listen to it even if its stupid knowledge.
The middle class tend to focus on a lot of dumb shit, like debating which groceries are cheaper or some stupid shit like that and not seeing the big picture. They preoccupy themselves with these decisions to give them the illusion of choice and that they're making a difference and avoiding the issue that is being robbed by their government.
It's funny how quick people are to turn on businesses that are robbing people through prices, but the government gets a free pass.
Image source: - quotesgram.com
Tax is a losing game
Tax for most of us is a losing game, its money we're happy to lose for the so-called greater good, but to me, I don't see any good from it. If you're going to be printing money and already stealing from me through inflation, why should I give you any more?
As the money printing rages and governments pull out relief bills like a sugar daddy, someone has to pick up the tab,, and it will be the taxpayer. The way I see it now is that governments have two choices, either move over to a CBDC and turn all debt-based money into digital fiat and actively seek to remove and control supply or they go the MMT route and jack up taxes like crazy to pay for all this nonsense.
Either way, if you have fiat you're getting crushed, then they'll jack up things like VAT, Sin Tax and property tax to try to extract even more from you.
To avoid taxes, you can turn it into cash flow instead of by leveraging debt, using your income and a loan from the bank you can buy real estate or a business that brings you in steady cash flow and instead of keeping the money you keep repeating the process, so you're always in debt. Still, you're still creating new forms of cash flow.
Depending on the country you live in you, and how they see crypto, it could be a great way to store your purchasing power. You could even insist on people paying you in crypto for your goods and services or have a portion of your income converted into crypto. This can lower your overall fiat income and put you in a lower tax bracket to avoid taxes.
If taxes start to shoot up the way I think it will you may want to consider packing up and moving to a more tax-friendly country.
Spend against the equity
If you have assets like homes, precious metals, a business and soon I am sure cryptocurrency too. Instead of getting you use your cash flow to continue to purchase more and more of these assets and when you need capital you approach the bank to borrow against it.
This is how most of the billionaires avoid taxes.
Have your say
What do you good people of STEEM think? How will you handle your new tax burden?
So have at it my Jessies! If you don't have something to comment, comment "I am a Jessie."
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