OPTIMAL WEALTH STRATEGY GROUP
Tax Myth: Examining the Notion of Mandatory Taxes
You might have heard this widespread myth before – the belief that paying taxes is an absolute must. But let's clear things up right away: this isn't legal advice or a suggestion to dodge taxes. What we're exploring here is the surprising fact that there's no specific law that says you must pay taxes; it's more about following rules and regulations.
When it comes to taxes, think of the government as a business entity, with the USA Corporation treating individuals like products. LLCs, C Corps, S Corps, and 501c are all creations of laws, and operating within them means participating in a voluntary tax system. In simpler terms, if your CPA recommends getting an LLC, it's like buying a product. And every year, you're expected to pay fees to keep that entity going.
Here's the eye-opener: in this country, true ownership is a bit more nuanced than we might think. Contrary to what you might have believed, you don't outright own your business, home, or car. The reality is that these assets aren't solely yours; they're held by the government and banks. This different perspective might change how you see ownership and the financial structures you deal with.