If you run a profitable eBay business, full-time or part-time, you may be able to gain tax relief and build up retirement savings through a qualified retirement plan and/or IRA. For example, if you net $40,000 from an eBay business and make a tax-deductible contribution of $5,000 to a retirement plan, you only pay income tax now on $35,000. If you’re in the 25% tax bracket, the write-off essentially means that the contribution is only costing you $3,750 out-of-pocket; the government is contributing $1,250 through the taxes you save by making the contribution.
The type of plan you use and the amount of money you put into it depends on several factors, including how much you want or can afford to save, whether you have other retirement plans, whether you have employees, and your years until retirement. Here are just three options to consider:
Unlimited income while helping others succeed. Only for the educated and qualified entrepreneur.
The coffee vending business is your opportunity to cash in on the 30 billion dollar coffee industry.
Amazing opportunity for only $500 in an industry that is prime for sales.
Be a part of the number one growth industry while securing your future with residual income.
What could be better than earning up to 100% commission on the sales of exciting cruise and destination vacation packages?
Millions of people retire in poverty - but it doesnt have to be this way!