As National Debt Explodes, Taxpayers Brace For Increased Rates
Released
on: November 20, 2008, 10:14 am
Press
Release Author: Arbor
Books
Industry:
Financial
Press
Release Summary: AS NATIONAL DEBT EXPLODES, TAXPAYERS BRACE FOR
INCREASED RATES
Press
Release Body: (ALISO VIEJO, CA)—In September, the U.S. Treasury
Department announced that the national debt had passed $10 trillion.
Now some experts believe that federal tax hikes are inevitable.
“The only way to pay down a hungry deficit is with tax
dollars,” says James Burns, author
of the new book The 3 Secret Pillars of Wealth: How to
Crack Your Wealth Code Using the Tools of the Self-made Billionaires.
“Which means we could have an entire marginal tax rate
shift upwards—no matter who takes office.”
Burns says that taxpayers can help offset any increased tax burden
by taking advantage of investment vehicles that allow for tax-deferred
growth, such as savings-grade life insurance and Roth retirement
plans in the form of either IRAs or solo 401(k) Roths.
According to Burns, investors should “opt for Roth IRAs
that tax their contributions upfront, so that any taxes they pay
will be on the smaller contributions put into the account rather
than the larger amounts they withdraw during retirement.”
IRAs and other investment vehicles are discussed in The
3 Secret Pillars of Wealth as part of Burns’ plan
for investors to take advantage of any tax breaks the government
does give. His advice includes:
¤ Find investment tools that offer tax-deferred
growth through retirement
¤ Consult a financial advisor before believing
advertised growth rates
¤ Find a financial advisor who specializes
in investment-grade life insurance if that’s what you plan
on investing in
¤ Learn how to calculate tax savings as
part of your profits when budgeting
¤ Avoid get-rich-quick plans that promise
tax-free growth
“Even if the government is forced to raise taxes in
order to pay down some of the national debt, there are enough
opportunities out there to at least offset some of that burden,”
says Burns.
An attorney and a former member of the United States Marine Corps
Force Recon, James Burns has two degrees in law
and one in taxation and international tax. He has over seventeen
years of combined financial, real estate and legal experience.
For more information, contact the author directly at Jambur64@cox.net.
White Diamond Press and author James Burns chose Arbor Books,
Inc. (www.ArborBooks.com)
to design and promote The 3 Secret Pillars of Wealth: How to Crack
Your Wealth Code Using the Tools of the Self-made Billionaires.
Arbor Books is an internationally renowned, full-service book
design, ghostwriting and marketing firm.
(The 3 Secret Pillars of Wealth: How to Crack your Wealth Code
Using the Tools of the Self-made Billionaires by James Burns;
ISBN: 0-9801620-0-9; $19.95; 128 pages; 5½” x 8½”;
softcover; WHITE DIAMOND PRESS)
Web
Site: http://arborbooks.com
Contact
Details: Arbor Books, Inc. (ABI)
244 Madison Avenue, #254
New York, NY 10016-2819
http://arborbooks.com
2009
