Business Assistant/Business Assistant.iso/tax/taxbreak/taxbreak.txt

Text File | 1988-02-19 | 6KB | 141 lines

               NEW TAX LOOPHOLE

     ON DECEMBER 17, 1985, CONGRESS PASSED INTO LAW PL 99-185,

          "THE GOLD BULLION COIN ACT OF 1985"

     WITH THE SIGNING OF THIS LEGISLATION BY PRESIDENT REAGAN,
THE UNITED STATES TREASURY BEGAN OFFERING TO THE PUBLIC THE FIRST
LEGAL TENDER GOLD COINS SINCE 1933.

     THESE COINS ARE OFFERED BY THE TREASURY DEPARTMENT WITH THE
FOLLOWING SIZES, FACE VALUES AND GOLD CONTENTS:

     FACE VALUE                      GOLD CONTENT

      $50                            1 TROY OUNCE
      $25                          1/2 TROY OUNCE
      $10                          1/4 TROY OUNCE
      $5                          1/10 TROY OUNCE

     IN ADDITION, A SILVER DOLLAR COIN CONTAINING 1 TROY OUNCE OF
PURE SILVER WAS AUTHORIZED, WITH A FACE VALUE OF $1.

     WITH THE PASSAGE OF THIS LEGISLATION AND THE SUBSEQUENT
MINTING AND CIRCULATION OF THESE COINS, CONGRESS HAS MADE IT
POSSIBLE FOR ALL TAXPAYERS TO EFFECTIVELY REDUCE THEIR INCOME
TAX LIABILITY BY MORE THAN 50%..WHEN A TAXPAYER CONVERTS THEIR
INCOME INTO THESE COINS AT THEIR FACE VALUE AND MAINTAINS THEIR
ACCOUNTING AND TAX RECORDS IN THIS LAWFUL CURRENCY, THEY MAY
REDUCE THEIR GROSS INCOME BY UP TO 90%.

     FOR THE FIRST TIME, THIS CAN BE DONE IN COMPLIANCE WITH
I.R.S. REGULATION 1001, PARAGRAPH 5320,
                "MONEY AS PROPERTY"

     IN THE PAST, COURT RULINGS HAVE HELD THAT THE KEY TO
DETERMINING WHETHER GOLD & SILVER COINS WERE INCOME AT THEIR FACE
VALUE WAS WHETHER OR NOT THEY WERE THE CURRENT CIRCULATING COIN.
FROM 1933 UNTIL THE PASSAGE OF THIS LAW THIS WAS OF COURSE NOT
THE CASE, HOWEVER; WITH THE PASSAGE OF PL 99-185 AND THE MINTING
AND CIRCULATION OF THESE COINS, THIS RESTRICTION HAS BEEN LIFTED.

     IN OTHER WORDS, NOW THAT THE UNITED STATES GOVERNMENT IS
MINTING AND CIRCULATING GOLD AND SILVER COINS, THEY WILL BE
CONSIDERED MONEY OR CASH AT THEIR FACE VALUE FOR INCOME TAX
PURPOSES.

     NOW THAT YOU KNOW THAT INDEED, THE U.S. GOVERNMENT IS ONCE
AGAIN MINTING AND CIRCULATING GOLD COINS WHICH ARE LEGAL TENDER
AND LAWFUL MONEY OF THE UNITED STATES AND THAT THE PROCEEDS FROM
THE SALE OF THESE COINS BY THE TREASURY DEPARTMENT CAN ONLY BE
USED TO REDUCE THE NATIONAL DEBT,(BY LAW), YOU STILL NEED TO KNOW
HOW YOU CAN CUT YOUR TAXES.

     BY CONVERTING YOUR PRESENT INCOME INTO EAGLE GOLD COINS, YOU
MAY THEN CLAIM YOUR INCOME AT THEIR FACE VALUE.  THIS IS DONE BY
PROPERLY ENDORSING YOUR CHECKS FOR CONVERSION.  THE ACTUAL
CONVERSION RATE VARIES WITH THE CURRENT INTERNATIONAL PRICE OF
GOLD AND IS CURRENTLY IN THE RANGE OF 10:1.


     EXAMPLE:

             PRESENT ANNUAL INCOME:     $100,000
             PRESENT TAX RATE:             32.5%
             PRESENT TAX DUE:           $ 32,464

     BY UTILIZING THIS CURRENCY CONVERSION PLAN, YOU NOW CONVERT
THE $100,000 INTO 200  $50 EAGLE GOLD COINS.

        BASED ON A COST OF $500 EACH AT TODAYS PRICES.

     YOUR NEW INCOME BECOMES $10,000  ($50 X 200)

             NEW ANNUAL INCOME:         $ 10,000
             NEW TAX RATE:                 14.3%
             NEW TAX DUE:               $  1,428

     NOW YOU MAY ASK, WHY IN THE WORLD WOULD THE GOVERNMENT ALLOW
ME TO DO THAT?...I THOUGHT THEY NEEDED MORE MONEY, NOT LESS...

     YES, THAT'S TRUE, HOWEVER, A CLOSER LOOK AT THE GOVERNMENTS
MATH LENDS AN ANSWER.  IN THE PREVIOUS EXAMPLE, THE GOVERNMENT
APPEARS TO HAVE LOST $31,036 IN INCOME TAX REVENUE, BUT THEY HAVE
ALSO SOLD 200 EAGLE GOLD COINS FOR $100,000, WHICH THEY HAVE
APPLIED TOWARD THE NATIONAL DEBT (DEFICIT).

     THE GOVERNMENT HAS GAINED:   $100,000  (DEBT REDUCTION)
     THE GOVERNMENT HAS LOST:     $ 31,036  (TAX REVENUE)
     THE GOVERNMENTS NET GAIN:   +$ 68,964

     IN ADDITION, REDUCING THE NATIONAL DEBT IS A POPULAR
ACCOMPLISHMENT POLITICALLY, AND DON'T FORGET, ALL THOSE TAX
SAVINGS DOLLARS WILL BE IN CONSUMERS POCKETS...AND SPENT...
THEREBY STIMULATING THE ECONOMY.

     IN SUMMARY, YOUR GOVERNMENT BENEFITS, YOU BENEFIT, THE
ECONOMY BENEFITS, AND MOST IMPORTANTLY, AMERICA BENEFITS.

******************************************************************


    COMPLETE INFORMATION ON HOW YOU CAN TAKE ADVANTAGE OF THIS
UNIQUE "LOOPHOLE" IN RECFENT LEGISLATION IS BEING OFFERED BY
TMD TAX SERVICES IN ATLANT, GA.  THE COMPLETE INFORMATION IS
OFFERED FOR ONLY $50 AND INCLUDES:

1.  OVERVIEW OF LEGISLATION
2.  LEGISLATIVE HISTORY OF "THE GOLD BULLION COIN ACT"
3.  HOW TO REDUCE YOUR FEDERAL & STATE INCOME TAXES LEGALLY
4.  IRA ACCOUNTS & EAGLE COINS (INCREASE YOUR CONTRIBUTIONS)
5.  IRS & LEGAL RAMIFICATIONS
6.  QUESTIONS AND ANSWERS


     THIS INFORMATION HAS BEEN REVIEWED BY MANY CPA'S, TAX
ATTORNEYS, AND OTHER EXPERTS, AS WELL AS OFFICIALS OF THE
PRESENT ADMINISTRATION IN WASHINGTON.  FOR THIS REASON, TMD
IS ABLE TO OFFER A UNIQUE GUARENTEE.

     IF YOU OR YOUR ACCOUNTANT OR OTHER TAX ADVISOR CAN QUOTE ANY
LAW OR I.R.S. RULING WHICH DISALLOWS THE USE OF THIS UNUSUAL
"LOOPHOLE", TMD WILL NOT ONLY REFUND 100% OF THE PURCHASE PRICE, BUT
WILL PAY YOU DOUBLE THE PURCHASE PRICE IN ADDITION.  THAT'S RIGHT,
TMD TAX SERVICES WILL PAY $150 TO ANY PRUCHASER OF THIS
INFORMATION WHO CAN PROVE IT UNUSABLE OR ILLEGAL.

     START SAVING MONEY TODAY..

CONTACT TMD TAX SERVICES AT:
404-641-1192  OR

404-594-7055

YOUMAY USE YOUR VISA OR MASTERCARD FOR FAST DELIVERY.

**NOTE:  THIS LOOPHOLE IS NOT RETROACTIVE, SO THE LONGER YOU DELAY
IN BEGINNING YOUR CONVERSIONS TO EAGLE COINS, THE LESS YOUR TAX
SAVINGS WILL BE.