I guess having a big tax bill is a good problem, but what is the government going to do with my money but throw it away after some failing company or how about into the black hole of social security. That is one good thing though, about having your own entity as a business instead of self-employed. You can save a lot on social security taxes. (Here are some standard deductions for small businesses)

I have an S Corp., and the way it works is, say you drew a $50k salary throughout the year from your company while your business made $200k in profits. That 200k flows through to you ultimately but is not taxed on social security which is about 15%+. So you just saved about 30 grand on taxes because you had a business entity setup. Same with the LLC I believe.

If you are heading into the realm of doing this full time or are starting to make decent money with affiliate marketing, it can only help to setup a business entity. Choosing an LLC or S Corp. is up to you, but the benefits are mostly equal.

(Disclaimer: I am not an accountant and know nothing about taxes so do your own due diligence)

Apparently the Attorney General of Connecticut wants to sue the owners of these sites for fraud. While I definitely do not condone that type of marketing, isn’t this tactic already done in many mainstream industries?

Take big pharma for example, how many times have you seen on TV, some big drug company pushing their new drug just released with a chorus of testimonials and doctor approvals. I highly doubt there are not a few paid actors in there if not all the above. What is the difference?

Case in Point

Ever seen that drug commercial for lowering your cholesterol called Lipitor by Pfizer? Well the main spokesperson, Dr. Jarvik has no medical license and was just hired by Pfizer to do the commercial. They finally pulled the ad after 2 years because it came under scrutiny. In one part of the commercial they even had a stunt double ‘row’ for Dr. Jarvik?! Thus the image. You can read all about it here

So how can they do this? I think it boils down to deep pockets and lobbyists… hey maybe we affiliates need to form a lobbyist group haha I guess also they list all 101 possible side effects to cover themselves.

Either way, someone should go after those companies that start charging your card for no reason. That is just wrong. Anyways, I just wanted chime in on the topic, and would be interested to know what you think about this …

(Disclaimer: This has nothing to do with PPC or affiliate marketing, and is just my humble opinion )

Yesterday there was so pretty significant news, that shows how bad the economy really is. The FED announced that it would be buying up our own long-term Treasurys as will as other mortgage-backed securities about 1.2 Trillion worth.

And the market rallied, as the government and the FED step in to save the day … again. Yippee everything is OK, right? I don’t think so, and don’t let the media fool you either. While I don’t want to sound like Mr. Doom, it is only prudent to act and protect your wealth and savings and NOT depend on the politicians of our day.

So, what does this mean?

Think about it, no other country out there wants to buy our debt anymore which keeps our economy running, so the FED says, that’s no problem we will buy it … the problem is they just print the money out of thin air. That does not create any value but destroys it. It destroys the purchasing power of your dollar and ultimately the value of it. It doesn’t matter if you have 100 grand in the bank, it is all getting diluted.

And this is on top of all the other silly things they’ve done since the start of this mess, the bailouts, stimulus packages, buybacks etc…. The only stimulating that is going to do is stimulate massive inflation down the road.

Now the US is no Zimbabwe, but take a look at their inflation over the past several years … Started off with a 200,000 dollar note and just recently issued a 100 trillion dollar note!! That’s nuts!

Ok enough of the rant, just mad when I continue to see all of this happen as it WILL affect everyone whether you are following this or not. Just wanted to let my readers be in the know … protect those PPC profits!