What’s an MLM?
Multi Level Marketing.
Amway, Nuskin, stuff like that. It really could become a huge growth industry and an excellent way to “starve the beast”. You just have to be careful to be above the law for your deductions.
I am in a few bands and I lost about $4,000 to $6,000 a year the last three years. I track the days I go to rehearsals and gigs, then use google maps to find the mileage, multiply it by 2 (round trip) and the number of days I practiced and presto, it’s like printing tax deductible money, and completely legal. I only made a couple thousand actually performing, which I duly claimed. Heck, I even blew $400 worth of speakers at a gig - completely tax deductible.
It’s all a game. The “rich” know this all too well. But more and more of the middle and upper middle class will begin learning I suspect.