Presented by: Andrew Miles, Esq.
How to Cut
Your Taxes
to 10% or
Less
During the worst economic
collapse in our lifetime, your number one asset
is your hard earned cash$
$ $ $ $ $ $ $ $$ $ $ $ $$ $ $$ $ $ $
• You can legally reduce your taxes by more than 50%
• You pay around 31% on average now...
• In 2006, the 400 richest Americans had an average income of $263 million
• That same year, the very wealthy paid, on average, a tax rate of 17%—the lowest in 15 years
• Some paid lower than 17%
• Why? People like Donald Trump can afford the best tax attorney, whereas the average person can’t
The Wealthiest Americans pay about half
that amount
• Warren Buffett revealed he is taxed at a lower rate than many of his
lesser-paid employees
• Buffett said he was legally taxed at 17.7% on the $46 million he made last year, while his secretary was taxed at 30%
• Those who work for him, and make considerably less, pay on average 32.9% in taxes, with the highest rate being 39.7%
Instead of 32%
What if you only paid 10%?
•
Legally
reduce
your taxes
to 10% (or
less),
• A HUGE
new CASH
category
appears…
9% 1% 16% 14% 10% 8% 6% 4% 11%22% Federal Taxes
State/Local Taxes Housing Healthcare Food Transportation Recreation Apparel All other CASH
Tax deductions can save you
thousands each year
• Fortunately, there is a reliable and perfectly legal way for you to reduce your tax burden
• The key is in arranging your affairs so that the majority of expenses are converted into legitimate business expenses and are eligible for a tax deduction
• A portion of your mortgage, travel, medical expenses, meals, entertainment, and much more can be paid for using legal deductions with pre tax dollars!
• The power of tax deductions can save you unlimited dollars each year
Let’s look at
some proven
legal
guaranteed
tax reduction
strategies
Children’s Education
•Depending on your circumstances, there are
several ways to pay for your Children’s education
•If they are not dependants, you can deduct up
to $5,250 per year using an educational assistance plan (Sec 127)
•If they are dependants, you can hire them and
pay them up to $14,900 tax free toward their education. This can be used for things like music lessons, karate, dance, etc.
•Treasure Coast Trust. You receive approx.
50% deduction the first year you fund the trust. The rest can be deducted in years 2-4.
•This makes their education 100% tax
Medical Expenses
Sec. 105 and Sec 106
•You can write off 100% of your family’s medical expenses,
with no thresholds (minimum) or maximums.
•Your plan can cover insurance premiums, deductibles and
co-pays. It can even cover things that insurance refuses to pay for.
•Most Chiropractors are limited to only taking deductions
In excess of 7.5% of Adjusted Gross Income (AGI)
•In fact, with the correct paperwork, you can write
Off 100% of you medical care including:
•Insurance, Deductibles and co-pays
Chiropractic, Massage, Spinal Care products and
Treatment. Wellness care, Alternative Treatment, Laser surgery, rehab, Dental care, Orthodontics and more.
– The IRS puts a limit on the
number of days a company can rent a home: 14 days per year. That’s twelve monthly
Principal/Director/Board
Meetings, one Semi-Annual
meeting, and one Annual meeting
– In most major cities, the cost of renting a meeting room for 6 to 8 principals (with audio/visual
equipment and catering for 2 meals is about $1,000 per day)
Tax-Saving Strategy: Tax Free Rent
– For illustration purposes, we will use the $1000 - other areas may be a different cost (lower or higher)
– A company can choose to rent out “a home” for this average cost of $1,000 instead of a “meeting facility”. Instead of
paying the hotel (or conference facility), the company pays the homeowner to rent his home
Tax-Saving Strategy: Tax Free Rent
–
The homeowner does not
claim this “rental income”
as income—as this is a
special, non-taxable
rental income. The
homeowner does not
claim the rental fee as
income but as a special
tax-free rent
–
You can even choose
to rent out your own
home
–
Example:
–
You the
business
owner
rent the home
from you the
homeowner
at $1,000
per day 14 days per
year
– $14,000 per year is spent by you the
business owner and written off as Rental Expense, while this same $14,000 is written to you the
homeowner as non-taxable Rental Income. That’s $14,000 of
non-taxable money
– Your practice can be the tenant
– So, it’s a business deduction to your practice and…
– It’s NOT taxable income to YOU!
End Result
You get to keep
more of the money
from your business
profits in your
pocket instead of
sending them to
the government
Most of you are overpaying
your taxes
• Every year, millions of citizens significantly overpay their
taxes
• We just covered 3 tax saving strategies
• Those alone can save you up to hundreds of thousands
dollars per year
Lower your taxes?
•
Who would like to get this
down to where you’re only
paying 10% or less in taxes?
•
If you would like to know how
you could legally do this…
quicker, faster, safer and
easier just say “yes!”
Is it your legal right
• As you’ve seen you have a legal right to pay as little taxes as
possible.
• These methods are entirely
defendable and there are even ways to make it so if challenged, you can make the IRS prove you are wrong, rather than you have to prove you are right.
• As previously explained…. Keep a tax diary!
Simple decision with
profound results
•
So make the simple but
profound decision
today to reduce your
taxes and protect your
assets
Ways we can help you
• You can hire me, Drew Miles, Tax Reduction Expert, directly to set up your entire tax
reduction system for you – My Fees are $30K per month
• I have helped over 4000 clients save more then $50 million in tax dollars
• For some people that is exactly what they want
• But for many they want a less expensive alternative
• Who here would like a less expensive alternative?
What about a proven expert tax
adviser of your very own
•
Where you learn the
HOW-TO
and have a team of
seasoned experts guiding
you through
or--•
How about someone just
does it FOR you?
•
Ladies and gentlemen, I
introduce to you…
Pathfinder Tax Savings and Asset
Protection Experts
• With Pathfinder Business Strategies Program you will learn and implement legal, faster and smarter ways to reduce your taxes and protect your assets
• Hundreds of legal tax strategies to keep more money in your pocket
• Methods to shift the burden of proof to the IRS and audit proof your records
• How to invest your new found cash for maximum wealth building
• Easy and simple—Everything will be laid out FOR YOU
How to get started
• There are different levels of
advisory participation to meet your individual tax savings needs
• Spend an initial 90 minute
consultation with a team of three experts:
• A Pathfinder CPA, tax attorney and tax reduction and asset protection consultant
• Within 90 minutes we guarantee you tax savings!
Our Guarantee to You
•
If we don’t find five
times more in tax
savings than your
consultation cost,
we’ll give you your
money back!
•
Yes—We’re that
Take a consultation
•
Cost of the 90 minute
consultation
•
$1500
•
But because you are a
participant here
•
Today Only (we mean it)
•
Your Cost $0 (first 20
What is the cost of not
doing this?
• If you earn $200,000 per year over the next 10 years
• And your tax bracket is 31%,
you’ll pay $620,000 in income tax
• If your tax bracket is 10%, you pay $200,000 in income tax
• That’s a difference of $420,000 for you to keep
• Who do you want to have that money you or the government?
• How many years do you plan on paying taxes?
