Six Figure Wage Slave Now Pays NO Tax
If you can convert your wage slave income into an asset that isn’t taxed, you’ve figured out part of the game…
https://www.redbubble.com/i/poster/Wage-Slave-by-Zoranzi/56006485.LVTDI
Are we all Wage Slaves?
I sometimes hallucinate and think that securing a high paying corporate job so I can make a lot of money equates financial success. And for some folks it does. But if you’re doing it just for the money, then maybe you might consider a new approach? Maybe you’d prefer a system where your money makes money and doesn’t get taxed, over a system of you working for money and getting taxed??? Man, I’d love to figure out a way to make six figures, not have to work to earn that $100k, and then NOT be taxed! Just for kicks, let’s look at some of the differences between a Wage Slave and the Made Up System:
| Wage Slave Income | Made up System | |
| Taxed | Yes | No |
| Requires 9-5 | Yes | No |
| Have to do things you don’t want to do | Yes | No |
| Requires overtime | Maybe | No |
| Time Intensive | Yes | No |
| Must work to make money | Yes | No |
| Have to deal with a Jerk Boss | Maybe | No |
If you could convert your wage income… i.e. the money you make from a job that gets taxed, into something that produces an income that isn’t taxed, and could provide you with money that is Tax Free, would you do it? Heck yeah, you would! Well… Good news….
The System Exists!
Here’s the play: Say you’re married, file jointly, and your portfolio is big enough to make $105,900 per year from long term capital gains, qualified dividends, and tax exempt municipal bonds… and you take the standard $25,100 deduction, you end up with $80,800 of taxable income. This means your taxable income is below the $80,800 threshold for 0% long term capital gains tax… so guess what??!! You pay NO TAX!
It may take some time, but you can dial up or dial down the amount of time it takes to make this happen. It’s up to your savings rate… i.e. conversion rate…
Your conversion rate (savings) is inversely proportional to the amount of time it will take. More conversion, less time as a wage slave. Less conversion, more time as a wage slave. Now that you understand this concept, you have figured out part of the game… and you’re on your way to making the Made up System a reality.
What’s the moral of story?
Convert your wage income into portfolio money and enjoy an asset that is tax advantaged (and tax free up to your first $100k)!