Daily Archives: April 10, 2016

How Much Tax you Really Pay on a Purchase – Your Tax Rate is Higher than you Thought!

Apart from debt, on of the greatest stumbling blocks to building wealth is taxes. Don’t get me wrong, I do believe that tax is the price to pay for living in a civilised society. But the amount of tax we pay is way too high. Look at Corporation Tax for example, it is a tax on a tax on tax. Every company in a supply chain has to pay tax and this means that at every point in the supply chain, prices get jacked up by the current corporation tax rate of 20%. Look at the following illustration to see what I mean: If you go to a furniture store […]