Network Marketings Best Kept Secret May Be Costing You a Fortune

The words, "I quit..." have never been more costly.

Network marketers hear "I quit" all too often from distributorsthey have sponsored. However, if those new distributors onlyknew the thousands of dollars they were throwing away,they would never quit. Here's Why?

The moment your prospect enrolls in your program,they may be eligible for an instant $300 or morepay increase from their place of employment.

And the best part is-This money can be in their handsstarting with their next paycheck! Think about what thatcould mean as an incentive to boost your program.

How is this possible?

The U.S. government as TWO income tax systems,and most taxpayers are in the wrong one?

There is one tax system for employees that includes mostworking Americans, and a very different, much better taxsystem for business owners.

Employees, called W-2 Wage Earners, work for someoneelse. There are very few tax deductions available to wageearners, and hence, they pay a large percentage of theirincome as a tax to the government. Conversely, businessowners get to deduct (write-off) just about everything fromapples to zippers, and pets to donuts.

When payday comes, employees immediately lose a largechunk of their wages to income tax withholding. Businessowners, on the other hand, get to keep what they earn,spending it on whatever they want or need to, and thenpay taxes only on whatever is left over. Said another way,business owners buy things with BEFORE-tax dollars.Employees buy things with AFTER-tax dollars.

By signing a Distributor Agreement form in your program(or enrolling to be eligible for commissions) with the intentto make a profit, your prospect becomes a business owner.Business owners are authorized by the U.S. Congress toreceive immediate tax benefits (tax deductions).

This tax benefit is huge. On average, a home-based NWMbusiness owner can cut their tax liability by $5,000 to $10,000or more per year.

Here are just a few tax deduction you may claim as aNWM home-based business owner.

As a home-based business owner, you may be eligible todeduct 100% of all medical, dental, optical bills, healthinsurance premiums and deductibles your family payson your annual IRS 1040 tax form.

You can deduct up to $4,250 for every child in your familyand spouse as employees of your business. Why? If theycarry out the trash, if they wash the car, if they dust yourhome business work place, the IRS considers thememployees of your business.

You can deduct $5,250 a year in educational expensesfor every child over 21, deduct 100% of pension planexpenses, and much, much more.

The home-based business owner can deduct virtuallyevery expense the business incurs. Of course, thatincludes equipment, employee costs, utilities, loan interest,insurance, security systems and medical costs. But it alsoincludes vehicles, travel expenses, entertainment, magazinesubscriptions, even the coffee in the kitchen, and those areonly a few of the deductions the business owner can take.Taxpayers without a business do not have these benefits.

Give Yourself An Immediate Pay Increase

As a home-based business owner, you and/or your spousemay adjust your W-4 exemptions at your place of employment,and immediately take home up to $500 or more per month thatis now being withheld. That translates into one BIG pay increasewith money you can spend or invest now!

If you had triplets, you would go to your employer and changeyour W-4, tapping into hundreds of dollars. The same goes foryour home business. The day you opened your home businessyou tapped into potentially thousands of dollars in deductions,enabling you to raise the number of exemptions on your W-4.Your take home pay goes up by hundreds of dollars (even ifyou didn't have triplets). And the best is that you do NOT needto show a profit in your business to claim more exemptions,only the INTENT to make a profit.

W-4 forms exist for one purpose-to claim withholding exemp-tions. This form may be amended at any time, any number oftimes, without penalty. The more exemptions you claim, thegreater your take-home pay will be.

What could you do with an extra $300 per month?

You could use that extra $300 to buy products needed toqualify for commissions in your NWM venture. You couldafford to advertise your business, set up an onlinemarketing system and much more.

You also now have a way to help your prospects fund theirNWM business, thereby removing the "I can't afford it"objection right off the table.

Take action. You could be bringing home hundreds ofdollars more per month in your paycheck that are nowgoing to Uncle Sam.

Many taxpayers have taken on part-time jobs to makeup this loss. How much more productive could we be toourselves if we learned how to keep what we earn? Surelyit is worth a few minutes a day to document businessexpenses to keep our money.

The difference between being able to deduct businessexpenses and not having a home-based business ismany times the difference between having to takeanother job and staying at home. You decide which is more taxing.

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Jim Lynn is the author of, "Real World Secrets BehindAmerica's Most Successful (And Profitable) PeopleWho Network." Website: http://peoplewhonetwork.net

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