Your Hidden Wealth Reserve: Reduce your taxes like The Don

ISBN-13: 9781540435149 / Angielski / Miękka / 2016 / 212 str.

Dan Keppel Mba

Opis

Your Wealth ReserveTM reduces the taxes you pay Use your IRS-approved tax shelter-Pay 0% on asset gains. Accumulate $55,000, $250,000, even $1,000,000 tax-FREE. Use your Wealth ReserveTM to reduce the taxes you pay like President Trump. Working people pay about 33% total taxes. The Tax-Credit Class like Warren Buffett, John Kerry, Mit Romney and The Don pay less than 17%. Your Wealth ReserveTM is a legal tax shelter hidden in plain sight. America taxes work more than non-work. Most of the income of wealthy people is dividends, capital gains and interest. It is taxed at 15 or 20%. This is how rich people stay rich. They don't work harder; they just work smarter. The Tax-Credit Class uses hundreds of tax credits and deductions to offset income. Some use their businesses to reduce their taxes because anything they do to further their enterprise is deductible, even when their businesses lose money. Donald Trump claimed losses from his failed casino, airline, yacht and Plaza Hotel deals in 1995 and used the loss of almost a billion ($-915,729,293) to avoid taxes for up to 20 years. Many wealthy people use NOL "net operating loss" to shield their other incomes from taxation. Congress wrote the laws so they can. President Don has said: "I fight very hard to pay as little tax as possible" because "that makes me smart." If I did pay taxes, "it would be squandered, too, believe me." We can use some of the same tax credits and strategies he uses. For instance, in 1978 and 1979, he paid no tax on at least $3.4 million revenue. How did he do it? Based on what we know from those early returns, real estate operations can be a great way to offset income. In fact, Congress allowed him to deduct the money he borrowed to do the failed real estate project. Most of us are not going to be real estate developers but are we using all of our tax credits as business owners and homeowners? Our system lets wealthy people delay IRS payments, invest the money and make a killing, according to expert David Cay Johnston. We can take advantage of the Tax Credits available to us.

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