What is Asset Protection?
For many, this conjures images of the stereotypical Colombian drug lord laundering money in some offshore bank account in the Caymans. For others, it may bring forth images of former Enron executives with their money stashed away in Bermuda. And while this may be true for some, there are many legitimate entrepreneurs and investors at […]
The Best Essay Explaining Obama’s Agenda I’ve Read
I will not overburden you with too much explanation here, but suffice to say, the article in the link below is one of the best articles I have read about Obama’s agenda. I aligns with my belief that we are witnessing a historic change in American politics and potentially a world shift in power. The […]
How to Supercharge Your IRA and Save Taxes – Part 2
As I stated in yesterday’s article, our firms goal is to assist clients in developing their asset protection strategies. Our belief is that your wealth is at risk from two main threats; government interference and litigation. Under the heading of government interference lies taxation and we strive to help our clients minimize taxation through various […]
How to Supercharge Your IRA and Save Taxes – Part 1
My firm’s job is to help clients with asset protection strategies. There are two main threats to your wealth; government interference and litigation. Under the government interference category falls taxation. One of our objectives is to help clients minimize taxation and therefore we provide you with useful information that can benefit you in your goal […]
The IRS is Buying Guns…
The following is an excerpt from the IRS specs on sources new armaments for the officers. Hmmmm, now why would IRS agents need to be so well armed? The Internal Revenue Service (IRS) intends to purchase sixty Remington Model 870 Police RAMAC #24587 12 gauge pump-action shotguns for the Criminal Investigation Division. The Remington parkerized […]
Tax on equity trades could destroy financial markets
After reading this recent piece on Bloomberg, I was utterly disgusted. I just don’t understand how our policy makers can continue to pursue such terrible decisions. Certainly the country is still in financial turmoil and there is a need to raise funds to support the budgets, but this tax on equity trades may very well […]
How to defer income taxes indefinetely…
I know that headline is a bold statement, but I have been researching this for quite a while and there is a way for US citizens to defer income taxes on business income. While this program is certainly not for everyone, for those of you that meet all the requirements, this can be huge. Let […]
The Perverse Tax System in the US
In the US, you have the highest corporate tax rate in the world, one of the highest progressive personal tax rates, tax on your savings, tax on your dividends (after they have already been taxed!!!), and tax on every other productive activity I can think of. Here in Estonia, there is no corporate tax, 21% […]
Is the IRS targeting you for an audit?
According to this recent article in Forbes, the IRS has created a new enforcement unit to target high net worth individuals with complex holdings. This group is called Global High Wealth Industry Group or GHWIG. This is a direct attack at those with incomes over $100,000 per year. The GHWIG has broken the income groups […]
The house votes to restore estate tax
The estate tax is one of the most unfair and possibly unconstitutional taxes in the US tax code. The constitution requires equal treatment of all citizens and the estate tax violates this in every regard. Consider a wealthy entrepreneur who works his entire life, pays income tax, property tax, sales tax, and a myriad of […]
