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e not familiar with the Elmo doll; it was a Sesame Street character that was highly touted to the kids just before Christmas。 Most all kids wanted one; and put it at the top of their Christmas list。 Many parents wondered if the pany intentionally held the product off the market; while continuing to advertise it for Christmas。 A panic set in due to high demand and lack of supply。 Having no dolls to buy in the stores; scalpers saw an opportunity to make a small fortune from desperate parents。 The unlucky parents who did not find a doll were forced to buy another toy for Christmas。 The incredible popularity of the Tickle Me Elmo doll made no sense to me; but it serves as an excellent example of supply and demand economics。 The same thing goes on in the stock; bond; real estate and baseball…card markets。
No。 4 is the law。 For instance; utilizing a corporation wrapped around the technical skills of accounting; investing and markets can aid explosive growth。 An individual with the knowledge of the tax advantages and protection provided by a corporation can get rich so much faster than someone who is an employee or a small…business sole proprietor。 It's like the difference between someone walking and someone flying。 The difference is profound when it es to long…term wealth。
1。 Tax advantages: A corporation can do so many things that an individual cannot。 Like pay for expenses before it pays taxes。 That is a whole area of expertise that is so exciting; but not necessary to get into unless you have sizable assets or a business。
Employees earn and get taxed and they try to live on what is left。 A corporation earns; spends everything it can; and is taxed on anything that is left。 It's one of the biggest legal tax loopholes that the rich use。 They're easy to se
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