Tax

Tax — another one of the government’s unavoidable sources of income. We can’t escape it, but we can manage it.

I’m no rocket scientist, but to keep it simple, income tax is what you pay on the profit left after all costs and expenses are deducted. I’ve set that at 30% — though it’s the one percentage that can change if circumstances shift.

Paying tax isn’t all bad. It usually means there’s been a profit, and that’s a good thing. As I’ve said on other pages, I only wish to receive 10%. So, if there’s a profit remaining after all costs, expenses, and taxes are paid, I’ll contribute that profit to the Share account as well.

That way, even after the government takes its share, we still all benefit. It’s another way this project becomes a win–win for everyone.