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Revision as of 00:19, 4 September 2026
A disgruntled ex-employed call the state, reported my family's glass business for sales tax evasion. One of the local state sales tax auditors called to schedule some time to pore through our books. In our software company there are two in order to build wealth and of which may be through intellectual property and maintenance legal contracts. These two things used together will build a provider that could be sold for kontol 2-4X revenue. Now to foster that investment with leverage, I prefer the "Infinite Banking Concept" to lend money towards the business through "my own bank." Now the money company pays me comes back as investment income which means lower tax returns.
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Please be aware that CRA is concentrating on changing the laws to track off shore investments. But your employer comes with to pay 7.65% of the income he pays you for your Social Security and Medicare health insurance. Most employees are unaware of this extra tax money your employer is paying for you personally personally. So, between you so your employer, the us govenment takes 16.3% (= 2 times 7.65%) of the income. Should you be self-employed you won't the whole 15.3%.
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