A sure fire way to make income tax simple, fair and get everyone to comply!

Scrabble Series Income TaxIncome tax reform is a cinch.  Make it fair; keep it simple; get people to comply.

I’ve got the answer.  It’s been right in front of us all the time.  It’s not complicated; it’s extremely simple.  A four year old could work it out.  So, I’m not sure why the average Joe citizen hasn’t said anything; hasn’t spoken up about the best way to go about income tax reform.

Makes me wonder.

I must make a confession.  I didn’t come up with the answer.  Someone else did.  Someone with a lot of authority.  Someone who has a vested interest in income tax.  And, this someone didn’t just tell me, he told everyone so we all know the answer.  And boy is it simple; boy is it easy; boy is it fair.  And I guarantee you – everyone will comply; they’ll comply happily, willingly and joyfully.  It’s great.  I wish I thought of it.  So, really I’m just sharing what we’ve already been told.  I’m just sharing with you the “silver bullet” answer to solving the on-going discussion about income tax reform.

Anyway, here’s the answer …

The way to make income tax simple, fair and everyone willing to comply is this …

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Why is business income much more powerful than JOB Income?

Education Home BusinessBusiness income is much more powerful than job income.    You may disagree.  You may say, “Get lost, income is income; doesn’t matter where it comes from!”

But, you’re wrong.  Unfortunately, it does matter.

I personally think it shouldn’t matter, but just because I think so doesn’t make it so.

So, how can one type of income be more powerful than another; after all, income is income – why would it matter?

Well, there’s one big reason why it matters …

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ABC Radio Interview: Yanks in the Outback!

“Yanks in the Outback” ABC radio interview …

Stopped by the ABC radio studio in Alice Springs on Thursday 9 Jul 2015 and had a “yarn” with Mark Jeffery about my new book Yanks in the Outback: A story of Woomera, South Australia, the Joint Defense Facility Nurrungar (JDFN) and the First Gulf War. Click on the play button above to have a listen.

I only lasted in the “hot seat” for about 6 or 7 minutes, but I found it enjoyable as Mark made me feel at home in the studio.

Mark wanted to know if my book talks about the great Aussie icon – Vegemite.  Glad he asked.  I’ve got a whole section in the book titled, “Vegemite and the cafeteria.”  It’s where I learned how important Vegemite is to the Australians.  It’s where I learned you don’t mess with the Vegemite!

He also asked how to get a copy of the book … easy!  Access the internet, type in “amazon.com” then search for “Yanks in the outback.”  Follow the prompts … the book will be at your doorstep before you can say, “May I have another Vegemite sandwich please!”

But, how do you get started in property investing?

This article is taken from my book Working my “BUT” off!: Reflections of a property investor.

People seem to think it takes some kind of magic to get started on a big task.  It doesn’t.  All you have to do is start and then – keep going.  Take little steps at first.  You’ll make mistakes; you’ll get frustrated; you’ll think about quitting.  But, if you keep going, you’ll be surprised at how good you become simply by sticking with it and believing in yourself.

Here’s the excerpt taken from the chapter titled, “But, How do I get Started?”

***

Getting started in property investing is pretty much like getting started in anything.

“How so?” You ask.

  • Well, how do you get started riding a bike? 
  • How do you get started playing basketball? 
  • How do you get started playing the guitar?

In all cases, you have to do it.  You have to get on the bike and ride; pick up a basketball and shoot; pick up a guitar and play.   At first, you may fall off your bike a lot, you may miss a lot of basketball shots and you may hit a lot of wrong notes on the guitar.  But, after a while, you’ll be riding smoothly, scoring confidently and playing beautiful melodies – as long as you stick with it.

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Did you change languages on me?

Aussie Lingo Test

Here’s a story I didn’t inlcude in my new book Yanks in the Outback: A story of Woomera, South Australia, the Joint Defense Facility Nurrungar (JDFN) and the First Gulf War.

Should I update the book to include this entry?  Let me know …

***

I learned a new Australian phrase today.

My lesson came when I visited the satellite operations center (SOC) and started talking to Australian Army Captain Ian Stamford.

“Ian, I talked to the DO (Director of Operations) and he wants me to get a basketball team together.  It’s going to be the under 30’s vs the over 30s.” I was about to ask Ian to be on the team because we need his height; he’d make a great re-bounder.

But, before I could go any further, he looked at me in a doubtful manner then exclaimed,

“Fair Dinkum”

I was stopped. I felt like a small bird hitting a big tree at 100 miles per hour.  I went splat.

I reached deep into the far corners of my mind to see if I could pull up any information on what I just heard him say.  “Did he say ‘fair dinkum?’  Let’s see, I know what “fair” means but what about this “dinkum” thing?   Where does that come in?  Where have I heard that before?  How do I piece together a meaning when I’ve never heard this before – ever?”

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