BENEFICIARY SERVICES
215 West Loucks Street
Sheridan, Wyoming 82801-4226
Phone: (307) 459-4653 Fax: (413) 751-9511
Email: info@beneficiaryservices.com
We Are Here To Help You Make The Most Of Your Estate Plans
For Additional Information and Pricing Please Contact Your Equity Planner
The Two Tax Systems
The Uneducated Tax System
Without a Plan in Place
– EXAMPLE –
 | You make $100,000.00 this year. Before you get any of the money, Uncle Sam has taken his 33% which includes Social Security Tax and Federal Income Tax which leaves you with $67,000.00. Then there is states income taxes (depending on where you live) of another $3,300.00 to $10,000.00. Let’s say $3,300.00. Now you have $63,700.00. |
– EXAMPLE –
The Educated Tax System
With a Plan in Place
| You make $100,000.00 this year. Before Uncle Sam has taken anything you are able to pay some of your bills, buy some groceries, make part of your house payment, etc…… let’s say 30,000.00. Then you pay Uncle Sam the proper amount of taxes that is owed, 15% - 20% on what is left – about $11,500.00. That’s $89,500.00 now left. You now have $89,500.00 and state income taxes. If you are structured properly, out of $100,000.00 you’d be left with $89,500.00. With no structure, you are left with $63,700. The tax law punishes you for being "stupid", and rewards you for being "smart". If you take the time value of money into consideration, a savings of $25,000.00 per year in tax savings is like putting $500,000.00 in your pocket today – all for just using a little common sense and a sensible financial plan. |
| The bottom line is that the change in tax rates due to proper structure, is incredibly significant and certainly pays for the cost of setting up ones affairs advantageously. Remember, the ongoing costs per year after setting up, is miniscule in comparison to cash in your pocket. Remember, we started with the same $100,000.00 per year. In today's socialist economy, the adage is: "It's not what you earn that counts - it's what you keep." |