How Rich Save Taxes that Poor and Middle Class Don’t?

How Rich Save Taxes that Poor & Middle Class Don’t?

For Middle class people in India there is only one kind of Tax break and that is Section 80C under which you can save up to MAXIMUM Rs.1 lakh of tax per year by investing it in PPF, Insurance plans and Pension plans. And if you have taken a housing loan than you can save up to Rs.75,000 of tax annually on interest.

That’s it. These are the only tax breaks for the middle class people in India. But well, Do you know that there are literally hundreds of tax breaks for Rich who own their own Business?

Well, Yes, Hundreds of tax breaks.

Do you know that rich earn literally crores of rupees every year and pay less tax than the middle class and that is also 100% Legally.

Well, Yes. I am talking about the power of the corporate structure. The Rich have the financial knowledge of the power of the corporate structure and they use this power in their favour to save more taxes than the middle class who work hard for the money.

For the Middle class the first expense is the tax means the first expense from your salary is a tax while for the rich the last expense is a tax.

Rich buy their new BMW from the pre-tax money of their company and show it as a Business vehicle.

They travel the world with the pre-tax money of their company and show it as a business travel.

The new Laptop bought from the pre-tax money is shown as the Business equipment and so on…!!!!

Rich literally have hundreds of tax laws in their favour to save tax legally. This is because the rich are financially well educated. The financial knowledge that the schools don’t teach us. It is the knowledge that only rich people give their kids during their school age.

It is the real financial education that the rich people give their kids but the poor and middle class don’t because this type of education is nowhere available in the entire education or in private coaching programs.

If you want to take this basic and real financial education about money than Download my eBook – My Journey To Billionaire Club: What Rich Teach their Kids about Money but Poor & Middle Class don’t?

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