The words, "I quit..." have never been more costly.
Network marketers hear "I quit" all too often from distributors
they have sponsored. However, if those new distributors only
knew the thousands of dollars they were throwing away,
they would never quit. Here's Why?
The moment your prospect enrolls in your program,
they may be eligible for an instant $300 or more
pay increase from their place of employment.
And the best part isThis money can be in their hands
starting with their next paycheck! Think about what that
could mean as an incentive to boost your program.
How is this possible?
The U.S. government as TWO income tax systems,
and most taxpayers are in the wrong one?
There is one tax system for employees that includes most
working Americans, and a very different, much better tax
system for business owners.
Employees, called W-2 Wage Earners, work for someone
else. There are very few tax deductions available to wage
earners, and hence, they pay a large percentage of their
income as a tax to the government. Conversely, business
owners get to deduct (write-off) just about everything from
apples to zippers, and pets to donuts.
When payday comes, employees immediately lose a large
chunk of their wages to income tax withholding. Business
owners, on the other hand, get to keep what they earn,
spending it on whatever they want or need to, and then
pay taxes only on whatever is left over. Said another way,
business owners buy things with BEFORE-tax dollars.
Employees buy things with AFTER-tax dollars.
By signing a Distributor Agreement form in your program
(or enrolling to be eligible for commissions) with the intent
to make a profit, your prospect becomes a business owner.
Business owners are authorized by the U.S. Congress to
receive immediate tax benefits (tax deductions).
This tax benefit is huge. On average, a home-based NWM
business owner can cut their tax liability by $5,000 to $10,000
or more per year.
Here are just a few tax deduction you may claim as a
NWM home-based business owner.
As a home-based business owner, you may be eligible to
deduct 100% of all medical, dental, optical bills, health
insurance premiums and deductibles your family pays
on your annual IRS 1040 tax form.
You can deduct up to $4,250 for every child in your family
and spouse as employees of your business. Why? If they
carry out the trash, if they wash the car, if they dust your
home business work place, the IRS considers them
employees of your business.
You can deduct $5,250 a year in educational expenses
for every child over 21, deduct 100% of pension plan
expenses, and much, much more.
The home-based business owner can deduct virtually
every expense the business incurs. Of course, that
includes equipment, employee costs, utilities, loan interest,
insurance, security systems and medical costs. But it also
includes vehicles, travel expenses, entertainment, magazine
subscriptions, even the coffee in the kitchen, and those are
only a few of the deductions the business owner can take.
Taxpayers without a business do not have these benefits.
Give Yourself An Immediate Pay Increase
As a home-based business owner, you and/or your spouse
may adjust your W-4 exemptions at your place of employment,
and immediately take home up to $500 or more per month that
is now being withheld. That translates into one BIG pay increase
with money you can spend or invest now!
If you had triplets, you would go to your employer and change
your W-4, tapping into hundreds of dollars. The same goes for
your home business. The day you opened your home business
you tapped into potentially thousands of dollars in deductions,
enabling you to raise the number of exemptions on your W-4.
Your take home pay goes up by hundreds of dollars (even if
you didn't have triplets). And the best is that you do NOT need
to show a profit in your business to claim more exemptions,
only the INTENT to make a profit.
W-4 forms exist for one purposeto claim withholding exemp-
tions. This form may be amended at any time, any number of
times, without penalty. The more exemptions you claim, the
greater your take-home pay will be.
What could you do with an extra $300 per month?
You could use that extra $300 to buy products needed to
qualify for commissions in your NWM venture. You could
afford to advertise your business, set up an online
marketing system and much more.
You also now have a way to help your prospects fund their
NWM business, thereby removing the "I can't afford it"
objection right off the table.
Take action. You could be bringing home hundreds of
dollars more per month in your paycheck that are now
going to Uncle Sam.
Many taxpayers have taken on part-time jobs to make
up this loss. How much more productive could we be to
ourselves if we learned how to keep what we earn? Surely
it is worth a few minutes a day to document business
expenses to keep our money.
The difference between being able to deduct business
expenses and not having a home-based business is
many times the difference between having to take
another job and staying at home. You decide which
is more taxing.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Jim Lynn is the author of, "Real World Secrets Behind
America's Most Successful (And Profitable) People
Who Network. Website: http://peoplewhonetwork.net
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -