I'm the 1%. How can I shelter money from the IRS?

Originally posted by Destinyone

Originally posted by beezzer

Originally posted by Destinyone
reply to post by derekg

 

You can invest it in my small company I started not too long ago....

Honestly, if you can't find a good tax attorney to guide you, the only thing I can think of is, become a Politician...run for some office in your State....they seem to skate by on their taxes pretty well.

Des

You looking for investors???

Have had 2 meetings with a potential....

Des

Well, you'll always have customers!

reply to post by derekg


Have who ever is paying you $1,000,000 pay you in $50 gold 1oz. American Eagles. There numrical value is $50 but the1 oz. of gold value is around $1,739. In reality they are paying you around $576 in $50 gold American Eagles. At that value for selling your business, You shouldn't have to pay taxes! once everything is done and finished, and taxes filled as a loss or what ever, cash in the Gold and profit $1,000,000!!!



Similar scenario : Court Case

Like I said I can easily help you with this problem.. U2U me and we can talk but I don't work for free. If you want to keep from paying tax then you will have to pay me $10k and that will be much cheaper then what you would pay on taxes.

@the people who think I'm asking how to fraud, give me a break! Taking advantage of tax laws is what I am asking, hence the word "shelter" not to rip off the government.

I like the non profit or church idea. Very ingenious.

@the responder who thinks it will take $5 million to retire. Here is the math. It's actually $1,095,519 if I live to 80 years old on $30k per year and make investments that return 4% with inflation at 0.039.

John Doe Retirement
Income per Year $30,000
age retired 47
age demise 80
Savings $900,000
rate of return on investments when you worked 0.03
rate of return you anticipate on investments when you retire 0.04
age now 48 -1
inflation (per Social Sec. website) 0.039

year income income w/inflation Save per Yr. Save per yr. w/inflation
48 30000 57489 ($480,059) $228,384
49 30000 59731
50 30000 62061
51 30000 64481
52 30000 66996
53 30000 69609
54 30000 72323
55 30000 75144
56 30000 78075
57 30000 81120
58 30000 84283
59 30000 87570
60 30000 90985
61 30000 94534
62 30000 98221
63 30000 102051
64 30000 106031
65 30000 110167
66 30000 114463
67 30000 118927
nest egg $407,710 $1,095,519

Extremely conservative.

We have no bills, mortgage, or vehicle payments. We eat modest only healthy, fresh food. We grow many vegetables and fruit. Therefore my friend, yes, I do have enough to not work ever again!

@ those who said I do not classify as the 1%, not that I give a damn, but do some kind of home work prior to posting inaccuracies!

Currently, marketing corporations and investment houses classify those with household incomes exceeding $75,000 as mass affluent, while sociologist Leonard Beeghley identifies all those with a net worth of $1 million or more as "rich." The upper class is most commonly defined as the top 1% with household incomes commonly exceeding $250,000 annually. These two figures should be seen only as guidelines based upon the top 1% of a population because net worth exceeding $1 million may be increasingly inaccurate as an upper class indicator as the value of the dollar falls and inflation along with interest.

Definition of 1% of the USA population

Message to Derekg

I know of a tax sheltering program that can save you up to 50% on your taxes. If you or anyone is still interested in sheltering your taxes, I strongly suggest you send me an email asap as this lucrative business opportunity will not be available for long. I can send you the details for this tax sheltering program. I am not asking for any compensation, just good karma.

Email = [email protected]