STRATEGY TO PROTECT YOUR INCOME,
HOLDINGS OR PROGRAM PAY-OUT?
AND WILL THERE BE INVESTMENT
CAPITAL TO PRESERVE?
TAKE THIS TEST NOW AND FIND OUT BEFORE IT’S TOO LATE!
ASK YOURSELF THESE QUESTIONS
o Do you have significant funds allocated to you and lodged in a foreign bank account?
o Do you have more than $100,000 equity in your home?
o Do you have liquid assets worth more than $100,000?
o Are you a director or partner in a corporation?
o Are you a general partner in any partnerships?
o Do you currently have an annual income in excess of $50,000?
o Are you single or divorced and contemplating marriage or remarriage?
o Do you own a boat or plane?
o Do you have teenage children?
o Do you own or lease equipment, residential or commercial property?
o Are you a contractor, manufacturer, physician, surgeon, architect, CPA, professional or self-employed individual?
o Have you been uninsured or underinsured for any period of time?
o Are you expecting an inheritance?
From this website you could learn about your need for an Offshore Consulting strategy and how it can help you:
Protect an offshore windfall and all the future earnings it’s going to be generating Reduce your small business income taxes by up to 75% Reduce self employment taxes Enjoy tax free compound growth of investments Sell property and defer your capital gains tax indefinitely Protect your home, cash, investment real estate, stocks and bonds, life insurance, gold and silver, commodities and virtually anything of value Eliminate expensive liability insurance premiums Avoid gift taxes, estate taxes, death taxes, and inheritance taxes, and costly probate Protect a small business or other assets during divorce or separation Become a millionaire through tax savings alone Pass on every penny of the family nest egg to your chosen heirs Run your business in complete privacy without registering the directors or shareholders with any state agency (if your business is re-organized).
WHO’S GOT THE BUCKS?
(An article by Peter Brimelow on Page 88 of the July 5, 1999 issue of Forbes magazine)
You are here: The median (half above, half below) Forbes subscriber had a household net worth (assets less liabilities) of $956,000 according to the last count commissioned by our intrepid marketing department in 1998. That would put you easily in the top 10% of all American households (chart not shown).
Wealth is much more unevenly distributed than income (our comment – the tax system’s attack on income is complete – its appetite has now turned to wealth, a pattern which started in 1996 with the Emigration Tax in both the U.S. and Canada). The top 10% of American households holds more than two-thirds (68%) of overall household net worth, according to our analysis of Federal Reserve Board data.
By contrast, nearly half (46%) of American households have a net worth below $50,000. Their share of the country’s overall household net worth amounts to just 3.4%! Indeed about a quarter of American households have a net worth below $10,000. This is certainly in some cases a sign of social distress. But not always. This segment of the population includes student ants preparing to launch successfully into the work force and journalist grasshoppers living on expense accounts.
One in a hundred American households has a net worth above $2.7 million. One in two hundred has a net worth above $5 million. The arrow (not shown) depicting the wealthiest is only indicative; drawn to scale it would be a rectangle 3.8 miles high and not even a micron wide!
Before you do anything, try this tax quiz. Then see if your CPA or tax attorney knows the correct answers. Most likely they do not, and that costs you a bundle!