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LinkedInI 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
January 14, 2010 By 3 Comments
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?
December 11, 2009 By 1 Comment
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
December 10, 2009 By Leave a Comment
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 [...]
The government is trying to destroy the stock market
December 10, 2009 By 1 Comment
