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Missed Fortune – New Taxes are Looming, Missed Fortune is Booming

Posted on | August 29, 2010

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A Classic “Balance-Sheet” Recession

Gerald P. O’Driscoll Jr., senior fellow at the Cato Institute and former vice president at the Federal Reserve Bank of Dallas and later at Citigroup, recently published an article entitled “The Fed Can’t Solve Our Economic Woes.” He says:

“The declines in home values, investor portfolios and 401(k) plans, and the uncertainties surrounding retirement plans, have all had a big impact. The solution lies in restoring balance sheets. For financial firms, that means raising capital. For consumers and businesses alike, that means saving more of their reduced incomes.

“Yet public policy has focused almost exclusively on stimulating spending without much regard to why spending, especially consumption, has flagged. Until balance sheets (corporate and household) are restored, increased spending cannot be sustained.”

Markets are resilient, but their recovery can be impeded by bad policies, and that’s what we see happening with this prolonged recession.

This will cause inflation to rise, which also means that taxes must rise to pay for the increased government spending.

Beat New Taxes with Missed Fortune Strategies

In addition to bad economic policy from the Federal Reserve, American tax payers also face three major waves of tax increases starting on January 1, 2011.

Missed Fortune strategies help you avoid these taxes, which is just one reason why the strategies are becoming so popular.

These new tax increases come from the following sources:

  1. The expiration of post-9/11 tax relief instituted by President Bush. This will increase marginal tax rates, personal income tax rates, business tax rates, capital gains and dividends taxes, and more. Itemized deductions and personal exemptions will be phased out.
  2. The implementation of ObamaCare. The new health-care bill institutes more than 20 new or higher taxes.
  3. The Alternative Minimum Tax. Next year, the AMT will ensnare more than 28 million families, which is up from 4 million last year. This affects both personal income taxes and business tax rates.

The bottom line: Tax rates will never be lower than they are today, and your dollars will never be worth more.

You need to learn the Missed Fortune investment strategies, which are immune from these new tax rates.

Meet with a Missed Fortune advisor to learn more.

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*Life insurance policies are not investments and, accordingly, should not be purchased as an investment

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