Taxes is the single largest expenses for everyone in the modern civilization. You are taxed when you work, spend and even die. Taxes are different when you are in different quadrant. When you are a employee, you have no choice. The government will make sure they get their share before you do. The higher you earned, the more you been taxes. That's why earned income is consider bad income for the rich. But, if you are running a business, you have more control in term of taxes. You will have more deductibles.
The major different between business and employee is that, for employee, the first column of your expenses is taxes, but for businesses, the last column of the expenses is taxes. It simply mean, if you are business person, you can spend, invest and then only taxed on the remaining - the net profit. The employees are taxed at the gross income which is the highest tax bracket in all type income.
So, by understand the rule of taxes and consult your competences tax advisor, you be able to move yourself to the quadrant that government is giving you incentive in term of taxes - business, real estate. Once you able to take control of taxes, you wealth will increase!
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