Announcing
As we approach uncertain times in our economy brought on by unprecedented spending, the Internal Revenue Service will need to get more aggressive than ever in its search for revenue. At the same time, most of you are getting less and less proper proactive tax guidance. This imbalance leaves you at a distinct disadvantage. We are trying to level the playing field or maybe even tilt it in your favor, legally and ethically. The Internal Revenue Service is coming after your income and your savings. Do you have a team looking for ways to protect you and your family from paying more than your fair share? Mathematically, our country must look for ways to increase future revenue. Most of you are the targets for the increased revenue necessary to fuel the federal, state, and local governments’ budgets. When the Internal Revenue Service comes looking for money, to whom will they look? They will be looking at you. Did you know …
• The top 1% of all taxpayers (those that have Adjusted Gross Income over $540,000) pay 40.1% of all federal income taxes. • The top 5% of all taxpayers (those that have Adjusted Gross Income over $217,000) pay 60.3% of all federal income taxes. • The top 10% of all taxpayers (those that have Adjusted Gross Income over $151,935) pay 71.4% of all federal income taxes. • The bottom 50% of all taxpayers (those that have Adjusted Gross Income under $43,614) pay 2.9% of all federal income taxes. When the Internal Revenue Service comes looking for more revenue, will they be looking at wage earners in the top 50% or the bottom 50%? You need to prepare now. I have learned many things over the years serving as a financially minded lawyer, and I have helped many of you make wise, proactive tax decisions. I have seen example after example where a
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