Lower Your Taxes In 9 Simple Steps; Winning The War On Wealth-Introduction

Introduction

War On Wealth Series – Taxes

The “War On Wealth” is a war of many battles, and the “Battle Of Taxes” is by far, the most brutal of them all. This is the introduction post to a series of posts titled “Lower Your Taxes In 8 Simple Steps”. This series of posts is a series included in our War On Wealth Series, so it is a series within a series. Are you confused yet?

The Biggest Battle In The War On Wealth – “THE TAX BATTLE”

Without expert help, prudent tax reduction strategies and the ability to mobilize all of your tax reduction weaponry in your arsenal, your financial health not “can”, but “will” suffer catastrophic failure.The inability to effectively fight this battle is a plague that inflicts tens of millions of Americans. In California for instance, federal and state taxes  and social security can eat up between 41% and 51% of your gross income. If you qualified at the max debt to income for a home mortgage recently that is another at least 40% and if you got the mortgage a few years ago you could be paying more uo to 60% of your gross income just on a home to live in. Do the math here, it’s no wonder that so many families have lost their homes to foreclosure. 100% of your money is all that is available and no more.

Squeezing Blood Out Of A Turnip

Because you only have 100% of your money I guess the old saying applies, “you can not squeeze blood out of a turnip”. Or can you? The truth is, there is as much waste in most peoples personal financial lives as there is in our federal and state governments. Look at people like Donald Trump or Richard Kiyosaki who both preach the necessity of putting your financial team of experts together. In reality, most people finding various professionals to “all get on the same page” when they do anything concerning your finances i.e., insurance, real estate, taxes, estate planning, mortgage planning, legal etc., is next to impossible. Both Trump and kiyosaki have the clout to call there financial professionals in their office with the sole goal of talking about their finances. When is the last time your CPA or Attorney came to your office. What I am saying is this, if you are working with your insurance agent about coverages for you home, auto, or life, are the other professionals on your team aware of what’s going on? How do the new proposed changes affect you estate plan? Mortgage Planning? Tax Strategy? Asset Protection Plan? Anytime you change one thing it could have catastrophic consequences on one or multiple areas of your financial puzzle, which usually does not rear it’s ugly head until it’s too late for you to do something about it. How about instead of assembling so many professionals you assemble “Expertise”. The real important part of this is the expertise part of what I am talking about. You just want to make sure that all of your financial areas are being looked at when you do something in a particular area. “Assemblng Critical Expertise”, is actually the first step in “Lowering Your Taxes In 9 Simple Steps”

9 Simple Steps To Lower Your Taxes

The 9 Simple Steps Yo Lower Your Taxes  that will be addressed in later postings are:

1. Discover Your Personal And Family Life’s Goals
2. Assemble Critical Expertise
3. Maximize Tax-Free Income
4. Have The Correct Filing Status
5. Take Advantage Of All Your Tax Credits
6. Become A Tax Deduction Ninja
7. Master The Art Of Deferring Taxes
8. Reduce Your Tax Rate
9. Shift Income To Others

You might be asking what the first two steps have to do with lowering your taxes. I know it is tempting to always get to the good part, but let me tell you this is the good part. This is the part that will make the other parts make sense. Most people operate from a ‘I’ll deal with it when it comes up” attitude. For this reason, many people miss the boat and any other vessel that comes their way. Very few decisions are made successfully from a purely financial perspective as there are always choices you can make that would might be determined because of certain personal and family values and considerations. So don’t just over look “Discovering your personal and family’s life’s goals” otherwise you might find some of the other parts without contentment.

What to Expect

Expect a new post every 2 to 3 days. You will end up with a road map that will send you well on your way to keeping much more of your money so that you can put it to the uses that you want. I am really going to hone in on these steps so stay tuned and make sure that you register at our blog site so you do not miss any of the posts.

Other Posts In This Series are:

Webinar Opportunity – Minimize Taxes, Empower your Retirement, etc..

We have a webinar on Wednesday from 12:00pm-1:00pm called: “Isn’t It Time You Became Wealthy”, in which we will teach how to minimize taxes, how to make money even in a down market, and how to empower your retirement. Register for the webinar by going to http://becomewealthy.info/leon/Webinars.html

Leon C. Williams
Financial Strategist
LUCA Financial Services
leon@lucafinancial.com
blog: http://leonsblog.leonwilliams.me
Online Business Card: http://bizcard.leonwilliams.me

Other Resources To Read Are:

The rich got Richer And They Paid Less Taxes

66% Favor Smaller Government With Fewer Services And Lower Taxes

Lowering Taxes For The Wealthy And Corporations

High-Tax/High Benefit Vs. Low-Tax/Low-Benefit States

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