Page 166 - Midas Touch

Most entrepreneurs in the S quadrant are so busy keeping their job, they
fail to do their real job, which is to grow their business into the B and I
quadrants. If you do not do your real job, the government will punish you
with excessive taxes.

Why Are Taxes Incentives?
Tax breaks are given to people who do what the government wants done.
That includes things like:

1. Creating jobs

2. Producing food

3. Providing housing

4. Providing energy

If you want to know more about taxes, hire an accountant or tax attorney
and ask them about the four points listed above. If they tell you these tax
breaks cannot be done, or it is too risky, look for smarter advisors who are
willing to educate you, not just charge you by the hour. Taxes are so
critical. That’s why we’re talking about them here. But you can’t take
advantage of your rights unless you have solid relationships with excellent
advisors.

Once you understand taxes in the B and I quadrants, you will know why
companies such as General Electric make billions of dollars and pay
virtually nothing in taxes, legally. They have great advisors that the
government helps the business pay for.

This is also why governments bail out big banks and big businesses and
then increases taxes on E’s and S’s. Taxes are revenue-neutral. That means

if the government gives, it must also take. So it gives tax breaks to those
who are doing what the government wants done, and takes taxes from
those who are not doing what the government wants done.

The job of an entrepreneur is to move from E to S, then S to B, and raise
capital from the I quadrant. The government wants the same thing. The
process looks like this: