posted on Feb, 2 2013 @ 11:15 AM
In 6 weeks, I'll be paid over $1 million USA dollars. I'm looking for advice on how to shelter this money so I can avoid paying 40% to the Internal
Revenue Service (IRS). I will leave the country before I let this happen. l will not pay a bankrupt nation that mismanages the tax revenue paid by
hard working people!
I'm not sure if this is enough money to last me the rest of my life? I'm also unsure how the 1% shelter their income? I've called CPA's, attorneys
and even a friend who works as a business auditor for the IRS. Nobody can advise me on how to shelter the money. Where is the 1% getting advice
I've paid an exorbitant amount of money to the IRS during my professional career. I've paid my dues and then some. When I began earning over $250k
per year, I lost most of my tax write-offs and was forced to pay an alternative minimum tax of 40%. I've worked extremely hard all my life, working 6
days/week, going to school for years.
A few years ago, our net worth was over a million. We lost it all with the down turn of the economy. We gave our rental properties and primary home
back to Bank of America and Chase as the value vs. loan was severely upside down. We put $100k down on most of the homes, so it wasn't a factor of
over extending ourselves. When we analyzed our continued payment of these homes, it was discovered it would take 10 years to break-even.
When I was working as a high profile executive and earning an excessive amount of money, I felt like I was in jail. I hated my job, hated everything
about where I was at in my life. I was tired of being a slave to money and a job. I decided to walk away from a career that took 20 years to build and
started over by reinventing myself and how I would earn an income during the worst economy since the Great Depression. I lost all professional friends
as a result. They could not understand how someone with my career and background could just walk out. They thought by my stepping out of the high
profile executive scene, that I either had a break down or succumbed to weakness which isn't tolerated in that arena. The reverse is now true.
I opened a small business from scratch and literally worked my tail off. I went from working as an executive to literally backing up the phones if
needed. I built the company up very fast and now I sold it. That was the plan from the beginning. This is how I will have money to hopefully enjoy the
rest of my life, or many years without being a slave again.
Our monetary system in the USA is designed to keep us enslaved to the dollar. It makes me sick.
We are debt free and own our home, vehicles outright and we do not have credit card debt. I help all our family financially. I'm supporting my
elderly parents as well as our grown daughter so she can be a stay-at-home mom to our gkids. I volunteer with Hospice as well. I'm conveying my
character so you understand that I am a good person at heart.
I'm asking for advice or help with how to shelter this money? I don't think I trust the economy to invest in stocks. How on earth is the 1%
sheltering their income?