What If You Never Had To Pay Taxes Again?
Yes you did read the title correctly,
Today…. All across America the grim reaper approach’s, yes “The Taxman Comath” whilst everyone prepares their individual IRS tax returns for 2007, for this year I do believe it’s been extended to the 17th of April, now I’m not 100% sure of this, because I’m from the UK. Just for the record, I'm no tax expert myself and wouldn’t presume to be one. All those mountains of forms to wade through each year, seems so daunting, and an ever growing annual ritual for everyone. But I do know how to outsource to good people, and tax strategies are just one of those things I really do want to outsource to at least my featured top expert in her field.
In a HURRY? Then go here
http://thecorner4women.com/TaxMama.htm
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FEATURED ARTICLE
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What If You Never Had To Pay Taxes Again?
By John Elliott aka Oaky Wood
Ah! Wouldn’t it be wonderful to wake up one bright sunny morning to that elusive utopian dream world come true, of never having to pay taxes ever again, imagine how much faster you could build towards true financial freedom if you didn't have to pay up to half your income in taxes each year? Imagine also doing it all, in a totally legal way!
How Is This Even Possible I Here You Say?
Aging Baby Boomers are going to bankrupt the Social Security system that you know today, this is a well known fact amongst economists, and it’s only a matter of time before this happens, and according to some experts, that time is fast approaching. There's an "age wave" looming, of Baby Boomers with greatly under funded retirement accounts who are looking to retire in the next few years. If they all depend heavily upon the nearly bankrupt US Social Security system, then the country will be in a state of severe financial crisis, a situation that may or may not be avoided. To help prevent this crisis, President Bush tried to privatise the Social Security system. He actually failed in his bid to do so, but Congress, seeing an upcoming financial train-wreck, down the line in the very near future, continued to look for possible solutions. As a result, Congress itself has now enabled some pretty generous provisions, by rewarding people who save for their own retirement, among other things.
This is why you may be able to "Never Pay Income Taxes Again". Congress has set up these special programs, to encourage, especially those Baby Boomers, to speed up their savings for retirement, and for younger folks to save for their own retirement.
But you don't need to be a Baby Boomer, or near retirement, to benefit. You may have heard of some of these special schemes like the Roth IRA. However, less than a year ago, Congress established the Roth 401(k). I know this sounds very similar, but there are very big and fundamental differences between them, like income limitations for instance. If you made too much, you couldn't contribute to the Roth IRA, period. Not so with a Roth 401(k). But there are things you need to know about this new 401(k) to use it to your best advantage.
These unique advantages will not last for ever, you need to take advantage of these today or as soon as possible to gain the maximum benefit. Congress always tends to overreact. And they think in only short-term solutions. Because of this, they created some juicy opportunities for you. It will help the nearing crisis, but just temporarily. If Congress discovers that too many people no longer have to pay income taxes, things will change. This is why you must learn how to do this today.
Even more oddly, there are provisions in the tax law that make it possible for most folks to take out money from their retirement fund accounts well before they retire. Not just "emergency provisions", either. So, with some legitimate strategies, in place now, you could easily build tax-free income for your retirement accounts quickly, and then use current rules to live off the money early.
Plus, a couple of these amazing tax-free accounts are based on saving for things other than retirement! To get started on the road to "Never Paying Income Taxes Again" you’ll need some reliable expert help and guidance, because the process, although beneficial to your future finances, could be quite complex to implement.
Eva Rosenberg, aka the "TaxMama", is a well respected tax expert I’d certainly look to for strategies that are specially designed to help Internet marketers. She's been online now for more than a decade herself, and knows the business issues inside out. You may have already heard of her, since her best-selling book “Small Business Taxes Made Easy” was on Entrepreneur Magazine's list of top tax books for 2005. Plus she writes for places like Women's WallStreet and MarketWatch and a bunch of others too.
Anyway, Eva says, that, “Internet Marketers can use her special knowledge and skills to build Internet Marketing assets inside common tax-free accounts. This money builds tax-free and comes out tax-free. That is absolutely HUGE! Anyone can do it, actually, but Internet marketers have a huge advantage in being able to do it quickly and easily because of their own special insider knowledge and abilities.”
Now that's worth looking into I’d say. The information needed is practically free, but you must act quickly before congress reverses it’s newly formed policies. It may all sound too good to be true, but it's NOT. There are certain strategy’s that utilizes some common accounts that the US Congress themselves have recently created to encourage American people to save for their own retirement, because they foresee that the American Social Security system has a major crisis looming over the next decade.
It's much easier than you think with a little help, there’s no over complicated, weird, shady or offshore stuff involved, just familiar accounts that you control.
Here’s to you never having to pay taxes again
John
John Elliott aka Oaky Wood together with Luella May co-founded
http://thecorner4women.com. They are both "Motivating & Empowering Women, in the Home, for Business, Health & Leisure" and highly recommend http://thecorner4women.com/TaxMama.htm
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