Warren Buffett, the richest man in the world, has criticized the US tax system for allowing him to pay a lower tax rate than his secretary and his cleaner.
Mr. Buffett, who is worth an estimated $62 billion, says the wealthy pay a lower part of their income in taxes than their receptionists do, or their cleaning ladies, for that matter.
Mr. Buffett said that he was taxed at 17.7% on the $46 million he made in 2006, without trying to avoid paying higher taxes, while his secretary, who earned $60,000, was taxed at 30%.
The Secret Retirement introduces The Secret Wealth Builder to teach you the secrets that the wealthy have been using for years to grow their wealth while paying less taxes than you and I.
There is a little known, yet proven strategy, designed to let a person use existing 401(k) or IRA accounts to fund a business. It allows a person, regardless of age, to access their retirement funds without penalty or taxes to fund a new or existing business.
The Secret Retirement, L.L.C. ("TSR") has uncovered the secrets to growing wealth through the use of retirement accounts, thereby allowing wealth to grow tax free or tax deferred, or both.
TSR teaches its members how to set up a new business that will be owned by the member's retirement account. By doing so, TSR is able to show its members how to draw a salary and have benefits just like any other job - all paid for by the member's retirement account. (Members may be able to use existing retirement accounts to pay for this training, and other training sessions they might wish to attend!)
Not only is the new business owned by a retirement account, it is also possible to fund the new business using existing retirement account funds. This allows the use of retirement account funds without having to pay taxes and penalties for the use of those funds.
Among the benefits of using retirement accounts to set up a business, all profits earned by the business, less expenses (including salary and benefits), go back into the retirement account. Accordingly, if the business is set up through a retirement account with Roth status, the owner may be able to take contributions TAX-FREE at retirement! Furthermore, the assets of retirement accounts are protected from litigation liability.
The strategies taught by TSR are particularly important in today's economy, where many employees are affected by workforce reductions. In addition, more "baby boomers" are reaching retirement age. TSR anticipates a large number of people will soon be looking for new opportunities to grow their wealth.
Learning how to take control of your financial future doesn't have to be hard. Learn the secrets that the wealthy have been using for years to grow their wealth tax-deferred and TAX-FREE!! With our help, this can take place quickly and easily.
Author Resource:-
The Secret Retirement teaches you the strategies that have been the Secrets of the Wealthy for years. You will learn how to start saving and investing the money you are currently giving the IRS. Go to www.thesecretretirement.com for more info.
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