June 29, 2006

The Two Biggest Thieves In Regards To Wealth Building

The two biggest wealth thieves a person will encounter are tax deductions and lawsuits. Taxes work against you by chipping away at your wealth. These include federal income taxes (deducting up to 39% of your income), state taxes (deducting up to 9.6%), and self employment or social security (over 15.5 %.). The average American is paying 42-55% in taxes. Ironically, the wealthiest people in the U.S. are paying only single digits taxes. Rest assured, because there is something you can do about this, and it won't cost you the $500/hr that these wealthy people are paying for tax tips from their specialists… [read more]

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Filed under Tax Savings by Vic Bilson

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