Your Accountant Is Not the End All, Be All of Tax Savings, They Might Not Be Aware Of Tax Codes That Could Save You Thousands of Dollars in Taxes

(EMAILWIRE.COM, May 11, 2007 ) Suwanee, GA -- Building lasting wealth can elude the tax payer if they don’t have the right information. This information is not taught in college or law school. This information was learned the hard way by an attorney. He figured out that he didn’t make any money unless he was working. The moment he went home he stopped making money. To earn a lot of money he had to work 90 hours a week. This type of career meant that he was chained to his work. And unfortunately, this is the type of career that most people have.The secret to being wealthy is to not work harder for their money, but to have their money work harder for them. While a college education is beneficial it doesn’t give them the tools to create lasting wealth.What does it mean to build lasting wealth? It doesn’t necessarily mean making more money. Building lasting wealth is about being organized and growing them wealth. They are constantly expanding their wealth. It is not how much money they make, but how much money they keep. Once your business is working well and humming alone they have two obstacles to face which include: taxes and lawsuits.Obstacle #1: TaxesThe average person pays 42-55% in taxes. Federal taxes can be up to 39%, state taxes can be up to 9%. FICA/social security taxes take big chunks of your money. They can’t avoid the FICA and social security taxes. Social security is a 7-8% tax plus their employer has to match that so social security tax is really 15%. If they own their own business then they have to pay the full 15% of social security tax plus self employment tax. If they don’t know any tax strategies then they could end up paying 50% of your income in taxes!By utilizing the right tax strategies they can slash your 50% in taxes to only 4-5%! This is legal if they know the proper strategies. This is why the rich get richer because they know how to significantly cut their taxes. They use these tax savings for activities that earn them even more money.All of these tax strategies are legitimate. They come directly out of the US Government tax code book. Their accountant may not even be aware of these codes. They may tell them that they can’t do such and such, but they can point out the exact code in the tax code book. These strategies are fully legal and will not cause any red flags from the IRS.Essentially, these tax strategies are part of the “educated tax system”. Many accountants need to be taught these tax strategies as well. The IRS is not out to get them. They offer tax codes that they can take advantage of if they have the right knowledge.So where can they find these tax strategies? They are listed in the IRS tax code booklet. Top tax gurus can point them in the right direction. The key is to acknowledge that these tax codes exist and experience significant tax savings.Remember, it's not only what they know, but who they learn it from. Learn from someone who is more successful than them. Learn the tricks of the trade and http://www.powerfulpromoter.com [internet marketing tips] from someone that has actually built wealth and not just written a book about it. Forget the past. It does not matter who they are or where they came from. Everyone deserves to be a millionaire. Contact Information: Stephanie Bunn 2935 Horizon Park Drive, Suite D Suwanee, GA 30024 (770) 271-1536 www.internetmillionairemind.com. Source: National Real Estate Network. Check out their website at http://www.megaeveningevent.com. Text links, Links, Deep links, Permanent links, Blog posts, Press releases Link profile If you need look of meaning of any of words in this press release wikipedia is great source on the internet to look up meaning of: Taxes, Tax strategies, Building lasting wealth, IRS, US Government, Federal taxes, State taxes, Social security, and FICA http://en.wikipedia.org.###This press release was issued through GroupWeb EmailWire.Com. For more information on press release distribution, go to http://www.emailwire.com.

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