The IRS: Why I LOVED Writing This Check
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I've never had to do it before. My strategy was always to maximize tax-deferred investments and manage W-2 deductions in order to just break about even. For 25 years. The same thing. Simple.
As my salary grew, there was a really bad real estate investment, acquired on my 30th birthday at the then top of the market, pre-2008 crash. It took me 10 years to recover from the cash flow impact. Yet, in these pre-AirBnb-era rental losses hid a tax benefit that protected me from really going upside down.
Eventually, my taxes got real complicated. I remember the year I traveled all over the place for IBM - I owed taxes in 14 states I didn't reside in. Yeah that was a nightmare.
But never the IRS.
Until now!
Turns out I was right: love is good for business. This letter to the IRS is the proof. And it's the only proof I needed.
In 2 years, I've gone from a system of thinking that had me wondering: where is the love? - to creating my own business world, where I’ve deliberately put love is at the center of everything I do. In exchange for enough economic value that I have to give up some to Uncle Sam right now. That’s right.
I knowwwww. Soooo many people do this. I know! Most of my immediate family 👊🏼 in fact! But for me right now, it's as significant as the first check I ever made: you mean I get to do what I do and get paid?!
The difference is back then, I only knew how to do me. Now, I'm only gonna do me.
Writing this check to the IRS makes this whole world I have imagined all along, REAL. It's a big deal.
Let's work!