How to make 35 - 40% on your money ... guaranteed!
Most of you don't have a home-based business, so most of the stuff that you buy isn't tax-deductible.
Most credit cards issued by stores charge 25 - 28% fees on account balances carried over the end of the billing period.
Since the money that we use to pay that bill is almost always after-tax money, if you are in about 25% income tax bracket, it's easy to figure your before-tax amount needed in order to have that after-tax 28% residue that you use to pay the bill.
Divide the 28 by three, which gives you slightly more than 9, then add the 9 to the 28 to get 37.
If you earn 36%, and have to pay 25% of that in tax, there goes 9%, leaving you with 27% to pay the credit card.
And some of you will be in higher than 25% income tax rate.
Not many banks that I know offer anything like that rate of interest (which, in Canada, is taxed at top rate).
Sorry, this guarantee only extends to amounts owing on store-issued credit (i.e. "debt") cards.
Regular credit ("debt") cards usually charge 15 - 18% on balances unpaid in the billing period, so the "guaranteed" rate of return on balances unpaid with them is somewhat lower - but still far above interest earned when you lend out your principal to earn interest through regular savings channels.
Just some food for thought.