ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

How To Work A Year For Free

Updated on December 18, 2011

Sign Me Up!

How do you like the title of this Hub?  I mean, doesn't everyone want to sign up to work for free?  Well, I don't think so, but unknowingly a lot of people have signed up.

What is this Hub about?  Taxes!  Let me contrast two tax returns that are very real.  Individual "A" has  decent income of $56,900 and ended up having a total tax liability of $8,100.  That is about a 14% tax payment.  While you may think that 14% isn't all that bad, let's look at it another way. 

Approximately every seven years this individual works a complete year for free!  They taking nothing home at all!  Can you imagine working a complete year for free?  No one in their right mind would do this unless they were doing some type of humanitarian work that fulfill them personally.

Now let's look at individual "B."  This individual made $82,016, which by the way is a decent amount more than individual "A."  The big difference is that individual "B" had a total tax liability of zero!  Which means that individual "B" doesn't ever work for free!

Before I go into the reason for the difference let me point out that by individual "B" not having the tax liability of individual "A" they immediately received a $675 per month raise ($8,100/12).  Furthermore, they don't work for free and that additional money either allows them to invest in their future, take a nice vacation now, or buy something important to them.

What is the difference between individual "A" and individual "B"?  It's really not real hard, it is simply "knowledge."  Individual "B" has taken some time to learn about what they should and shouldn't do so that they don't have to pay as much taxes.

It's amazing how many young adults pay tens of thousands of dollars to get an education and don't take 10 minutes to learn how to keep the money produced from their labors.

So, do you want to sign up for this "work for free program?"  Chances are you already have!  Your numbers may be different as you may work ten years or maybe five, but in the end if you have not taken the time to find out how to reduce your tax liability every once in awhile you are working for free.

Comments

    0 of 8192 characters used
    Post Comment

    • glassvisage profile image

      glassvisage 

      8 years ago from Northern California

      This is definitely a topic that I need to know more about. You prove the importance of knowing your way around taxes... I always wonder how much I could be losing by not knowing much about preparing taxes. Thank you!

    • eovery profile image

      eovery 

      8 years ago from MIddle of the Boondocks of Iowa

      Sounds great, With children, I have been able to keep my taxes relatively low.

      Keep on hubbing!

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)