There have been so many insane statements made about taxes and the rich over the last couple of years. In fact, a lot of attention has been allocated towards the wealthy and how they “game the system”.
Many people have heard stories about Donald Trump not paying any taxes at all and demanded he share his tax returns with the world. Some of those same people are pushing to tax anyone who makes over $10 million yearly at a 70% income tax rate.
This isn’t a political support statement or an opinion on whether or not Trump should share his tax returns, it’s just a fact. With this fact comes controversy, and we love controversial topics here at Incite Wealth.
So…it’s time we addressed everyone’s lingering question, “do rich people pay more taxes than your average Joe”?
To clarify, the rich blatantly pay out more in taxes on a dollar for dollar basis. For example, if a wealthy individual has $1 million in income for the year, and their effective tax rate is 25%, they pay out $250,000 in taxes that year. If a normal, every day salaried employee makes $100,000 in a year with the same tax rate they will only pay $25,000.
This concept is relatively straightforward.
More often than not, the wealthy, if also a salaried employee, would be in a much higher tax bracket at this income level. However, wealthy people are intelligent. Wealthy people also understand their finances and have taken the time to either hire someone who knows tax law or learn it their self. When you are educated on taxes you are typically able to make smarter decisions throughout the course of the year that can actually REDUCE your effective tax rate. The bottom line is, wealthy people pay less taxes from a percentage standpoint than the average salaried employee.
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If you are an affiliate marketer you are obviously interested in making the most use of your time and content development skills.
If you are going to write a new article, create a new video, or design a new social media post, you want to make sure that if you do receive any affiliate commission you receive the maximum amount possible.
You worked for that link clink, and one link click requires the same amount of work whether it’s for $100 or $1,000 so rightfully so, you want to make the most of it.
You’ve probably spent hours wondering what platforms provide the most affiliate commissions. Well, you have come to the right place for answers.
In this article, you’ll read about some of the highest commission platforms in terms of $ amount, but also percentage of commission for sign up. You’ll also read about where exactly to find these platforms.
That’s not all, this article makes some key points surrounding what to look out for when seeking out affiliate platforms. There are a few things that should not be substituted for higher commissions, we will discuss those as well.
So let’s get started!
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Everyone that has ever broken into the online business world has at one point felt a bit overwhelmed by the amount of content creation required to keep your website relevant on the web.
Constantly writing new posts or articles every single day can be time consuming and take you away from a lot of important things in life.
Even the word count required to make your content relevant in the search engines can be a constant uphill battle. Consistently producing 1500+ word articles can really take its toll on even the most seasoned website writers.
At some point, one has to wonder “when is it time to hire a freelance writer?”
There’s a lot that goes into hiring a freelance writer, and you don’t want to make the decision to do so too early…or too late for that matter.
Let’s talk about some of the key metrics that scream you’re not quite ready to hire a freelance writer.
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Let’s be honest, if you’ve ever run across a blog you’ve probably wondered why a blogger would spend so much time writing all sorts of different posts.
Of course, you probably weren’t much of a writer back in school and it just sounds like an absolute nightmare to have to sit and stare at a computer screen and type for hours at a time.
Eventually, this has to get a bit boring and can be ridiculously time consuming.
Well, usually people start out to share their thoughts and opinions. In the long run, however, they realize that blogging is an opportunity to get paid.
You’re probably wondering if it is really possible to generate income from a blog. Well, let’s talk more about that…
Continue reading “Is It REALLY Possible To Generate Income From a Blog? Read This To Find Out”
The average amount of consumer debt racked up on credit cards is around $7,000 and climbing.
That being said, credit card consolidation is a rapidly growing industry. If you have a credit card, you are likely getting constant offers for some sort of consolidation program.
More often than not, you are trading one evil (unsecured consumer debt) for another (secured debt with collateral attached).
The big question surrounding these types of consolidation offers is whether or not credit card consolidation loans are a scam, or if they are providing a very valuable alternative to the massive consumer credit debt that over a million individuals in the US alone have incurred.
Since we primarily focus on building generational wealth, it’s important to note that this determination may be heavily influenced by long term income and wealth building goals, not short term solutions to reduce interest rate.
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Running an online business is no walk in the park. As an entrepreneur you need the proper tools to set yourself up for success.
Aside from educational resources, hosting platforms, affiliate programs, and high quality content development strategies, you will need the right hardware to support your online business.
Affiliate marketing requires a lot of time and effort, having the wrong tools in place can seriously hinder your ability to develop new content, find new platforms, and ultimately drive sales.
You don’t want to limit your revenue earning potential because the laptop that you are using is from the prehistoric era.
With today’s constantly adapting technology, it may be time to ditch the brick you’ve been lugging around for a sleek new alternative.
This article was created to share with you two of the highest ranked technologies on the market, the iPad Pro and the Microsoft Surface.
Ultimately we want to help you decide which of these two truly is the best laptop for affiliates.
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In today’s society, gig culture is becoming more and more popular. The laptop lifestyle has swept the globe and working from home is more popular than ever.
With the rise of the internet, access to WiFi anywhere in the world, and the ability to make money online with only a laptop and a bit of creativity, working from home is more a reality than you know.
Perhaps you’ve been struggling to find success through online business. That’s okay, this article will explain to you exactly how to successfully work from home in 2019.
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We’ve all been there, struggling to get started with an essay, a new article, even the simple things like a creative Instagram caption.
This is what most refer to as “writer’s block”.
Writer’s block usually attacks at the most inopportune moment. If there is a chance that writer’s block will hit you, it’s usually when you actually decide to sit down to write.
This can be an inconvenient barrier to overcome when you are up against a deadline and just can’t figure out how to get started.
Luckily, these 4 unique tips for overcoming writer’s block can help!
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Struggling to rank in the search engines? Too much competition on your keywords? Can’t figure out how to analyze those keywords BEFORE creating your content?
What if I told you that you could know exactly how many competitors you have before you push content out for the world to read?
There are thousands of tools out there to analyze your keywords, determine how competitive those keywords are, and ultimately drive you to decide what keywords are worth targeting when creating new content.
The problem is that a large majority of these tools are so expensive!
If they aren’t expensive, you generally don’t get the type of analysis or quality of tool you are looking for.
You are probably looking for quality free keyword competition analysis. Well, there’s a solution for you.
I am going to share with you the exact same keyword tool that I use for competition analysis across all of my online business endeavors.
Before I just throw a tool at you without a little background, I want to discuss some of the benefits of understanding your competition.
Continue reading “Free Keyword Competition Analysis (Jaaxy)”
Don’t die in the FIRE.
Oh the FIRE movement. You are probably here because you have heard about this amazing movement that will allow you to achieve “Financial Independence, Retire Early”.
It’s likely you’ve been drug into the depths of Reddit searching for the silver bullet that will lead to riches in your 30s.
Maybe you’ve stockpiled 300 pounds of Top Ramen in preparation for this “living below your means” adventure you are about to embark on.
Unfortunately, the huge proponents of the FIRE movement don’t understand some very important financial fundamentals of life and personal finance… and it seems they might also be failing to take into account quite a few key points that I’d like to discuss in this article.
If you want to understand more fully why the FIRE movement itself is really just a giant death trap, keep reading.
Continue reading “Why The FIRE Movement Is A Death Trap”