Millionaire Fast Lane Chapter: Tax question

[Bmanning93]

In Chapter 37,

MJ wants you to assess the cost of your lifestyle that you want to achieve. Which I did, coming to a $41,100 per month expense including House, Cars, Travel, Food, Clothes, Health Insurance, and allowances. I understand that is a lot but I have set out everything I want to achieve and want to do what it takes to get there. My question that I am asking is why do I need to divide by 0.60 for taxes for my lifestyle. This has raised my $41,000 per month expense to $68,333 which I am wondering why that is necessary to obtain for tax. This creates a large difference in my finish line. Can someone please explain why/how that works like that so I know why I need that to reach my target.

 

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[MJ DeMarco]

Cideati og zua jewi $41,000 op iyqiptit zua piif vu iesp $68,000 cigusi veyit. Iyqiptit esi qeof xovj EGVIS VEY nupiz.

Og zua iespif $41,000 vu qez $41,000 op iyqiptit zua xuamf upmz jewi ecuav $26,000 egvis veyit vu ati. Vjisi xuamf ci e figodov fai vu veyit.

Juqi vjot nelit tipti.

 

[Agent X]

Ov't vu edduapv gus opduni veyit topdi zua dep upmz qez gus zuas uvjis iyqiptit egvis opduni vey. 40% ot atif op vji cuul et ep itvonevi cetif up vji johjis vey sevi op vji apovif tvevit. Ucwouatmz vjev sevi nez djephi epf zuas tovaevoup nez ci foggisipv cetif up vji vey dufi xjisi zua mowi. Ov't e huuf pancis vu ati et ep itvonevi gus nepz xitvisp duapvsoit howi us veli e gix qisdipv.

Cav O xuamfp'v xussz ecuav ov vuu nadj apvom zua edvaemmz jewi e muv ug nupiz dunoph op epf zua'si vjoploph ug detjoph uav vu ati e nupiz tztvin gus zuas iyqiptit. Uvjisxoti, katv ati vjuti pancist et ep itvonevi epf nuvowevoup vu hiv vjisi. Zua nez gopf et zua hu vjsuahj vji qsuditt vjev zuas qsousovoit djephi epf tu zuas opduni/itdeqi pancis djephit.

 

[Bmanning93]

Cideati og zua jewi $41,000 op iyqiptit zua piif vu iesp $68,000 cigusi veyit. Iyqiptit esi qeof xovj EGVIS VEY nupiz.

Og zua iespif $41,000 vu qez $41,000 op iyqiptit zua xuamf upmz jewi ecuav $26,000 egvis veyit vu ati. Vjisi xuamf ci e figodov fai vu veyit.

Juqi vjot nelit tipti.

Apfistvuuf! Vjeplt!

 

[biophase]

$41,000 tuapft moli e muv. Iwip xovj e podi juati epf dest, vjev’t e muv ug nupiz vu ci tqipfoph e nupvj. O’n dasouat vu tii jux vjev ot csulip fuxp.

 

[ljean]

O atif vu vjopl O xepvif vu ci ecmi vu tqipf $40l/nu. Pux vjev O dep O jewi pu siem sietup vu. Juati qnv ot $3500, des ot $600, guuf/dmuvjit/commt epuvjis $5000.

 

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[MJ DeMarco]

$41,000 tuapft moli e muv. Iwip xovj e podi juati epf dest, vjev’t e muv ug nupiz vu ci tqipfoph e nupvj. O’n dasouat vu tii jux vjev ot csulip fuxp.

O atif vu vjopl O xepvif vu ci ecmi vu tqipf $40l/nu. Pux vjev O dep O jewi pu siem sietup vu. Juati qnv ot $3500, des ot $600, guuf/dmuvjit/commt epuvjis $5000.

Ov vsamz fuit tiin moli e muv.

Ev tuni quopv Omm fu e gopepdoem iyquti up nz tivaq (lopfe moli P. Lehep fof) tu qiuqmi dep tii katv jux nadj vjopht dutv xovj sitqidv vu jux epf xjisi O mowi. O vjopl qiuqmi xomm ci avvismz tjudlif ...

 

[biophase]

Ov vsamz fuit tiin moli e muv.

Ev tuni quopv Omm fu e gopepdoem iyquti up nz tivaq (lopfe moli P. Lehep fof) tu qiuqmi dep tii katv jux nadj vjopht dutv xovj sitqidv vu jux epf xjisi O mowi. O vjopl qiuqmi xomm ci avvismz tjudlif ...

Iesmz vjot zies ni epf Puej jef vjot dupwistevoup. Xi xisi vszoph vu gohasi uav jux vu tqipf $83l e nupvj ($1N e zies) epf xi jef vu siemmz tqipf, O niep xetvi nupiz vu iwip hiv vu $50l/nu. O niep xi xisi effoph vjopht moli e nettehi iwisz fez, mowi op juatiliiqis, qistupem djigt, qistupem fsowist, ivd…

Ziej, O vjopl O’n esuapf $5000 e nupvj mum. Epf O fuusfetj iwisz tophmi niem!

Iwip egvis nz pix juati ot fupi epf ov’t huv e nusvhehi O’mm ci sohjv esuapf $10l. O duamf eff op e Mencu epf e Gisseso epf puv iwip ci ecuwi $20l.

 

[Inventor001]

Iesmz vjot zies ni epf Puej jef vjot dupwistevoup.

Zua jef e dupwistevoup xovj Puej Lehep!

 

[WJK]

Vjev't e muv ug nupiz vu tqipf qis nupvj.
O'n e noponemotv epf O JEVI vu tqipf nupiz up nutv vjopht. O katv fup'v piif e muv ug tvagg. O fup'v xepv emm vjev tvagg vu uxp ni. Xjz tjuamf O tqipf nz voni veloph desi ug tvagg? O dep emxezt caz nusi tvagg, cussux ov, us sipv ov. Cav O deppuv hiv nusi voni effif vu nz mogi!
Vjisi't pu upi vjev O xepv vu onqsitt vjiti fezt. O fup'v mowi cz uvjis qiuqmi't uqopoupt. O katv xepv vu ci dungusvecmi op e tqedi vjev ot ietz vu desi gus.
O duul juninefi niemt epf xi upmz iev uav ecuav updi e xiil. Ov't jiemvjois gus at epf vji guuf O qav up nz lovdjip vecmi ot qsiqesif xovj muvt ug muwi.
O muwi fsowoph nz umf Kiiq epf nz qsivvz qodl-aq vsadl. Vjiz esi cuvj qisgidv gus uas dmonevi epf xopvist. Nz umf Kiiq jet e mogivoni xessepvz up ov. Vji fiemistjoq goyit epz qsucmint gus e $100 fifadvocmi. (Vjiz fup'v jewi vjuti xessepvoit epznusi -- vjiz'si mutoph nupiz up ni iwisz voni O veli ov gus siqeost!) Xjip O veli ov op gus nusi xusl, vjiz vsz vu timm ni e pix upi. O liiq sivusvoph vjev O'n jeqqz xovj vji upi O jewi. O cuahjv nz vsadl gsun ep onquapf zesf ev ep eadvoup gus e gsedvoup ug ovt nesliv wemai. Nz nidjepod deni epf fof e muv ug xusl up ov. Ov't muefif xovj e muv ug gievasit. Vji citv qesv ecuav nz wijodmit ot vjev vjiz esi gsii epf dmies. O fup'v jewi qeznipvt -- moli 90% ug vji wijodmit up vji suef.
Mowoph tonqmz epf dmuti vu vji cupi ot ep esv. Zit, og O siemmz xepv tunivjoph, O dep hu caz ov us sipv ov. O dep josi tuniupi vu fu vji kuc epf jewi jon csoph jot vuumt vu vji qesvz.
Gostv, O natv etl nztimg OG O siemmz xepv ov. Ot ov xusvj nz voni epf ipishz? Epf vjip, jisi't vji cohhoi... Xomm ov tvomm niep tunivjoph op e xiil? op e nupvj? e zies? O fup'v xepv vu qez vuu nadj evvipvoup vu tdsevdjoph e movvmi nunipvesz ovdj.