Dear friends,
One of the most prominent Founding Fathers of the USA was Benjamin Franklin. Apart from a politician, Franklin was active as a writer, scientist, inventor, diplomat, printer, publisher, and philosopher. He was definitely among the leading intellectuals of his time, which is significant as the USA back then did not have the clout that it has today.
Franklin delivered many studies of electricity and was also known for charting and naming the Gulf Stream current. As an inventor, he is known for the lightning rod, bifocals, and the Franklin stove, among others. While none of these inventions are directly intersecting with Spanish Real Estate, we would like to highlight one of his famous quotes and its importance for investors. Franklin once said the following: “It would be a hard government that should tax its people one-tenth part of their income.”
Let’s think about that for a second. Franklin was a politician and he thought that a 10% tax burden is onerous. Imagine what we would have thought if he lived today and saw that most countries are taxing their citizens at more or less 40%. That’s four times more than what he considered hard! Further, these taxes at 40% are on top of VAT and other taxes, which can easily take away another 20% of a person’s income. Franklin would surely think that such high taxes are worth a revolution today!
At Artemis Assets we agree but we are advocating a peaceful revolution. We want investors to overthrow their old habits and establish a new way of thinking. We want investors to stop thinking about their salary, which the government will tax at approximately 40% whatever they do. We want investors to think about their assets, which will be taxed at less than 10%. With Spanish Real Estate investments it is possible and easy. Just like Franklin wanted.
Please get in touch with us if you want to have an income stream which is taxed at less than 10%. The government does not need to be so hard on you and we have the track record to show you how it’s done.
Until the next one!
