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Date: July 14, 2010
Subject: The Biggest Tax Hikes in America's History are coming!

This is
G&G Associates Tax & Financial Consulting
e-Newsletter

The Biggest Tax Hikes in
America’s History are Coming

You Have 6 Months to Prepare

Hotep (Blessings) G&G Readers,

In fewer than six months, Americans will face their biggest tax hikes in history.

As of Jan. 1, 2011, no matter what your tax bracket, you can expect a hike. The lowest, 10% bracket will rise to 15%. On the high end 35% will rise to 39.6%. And everything in between…and this doesn’t include your state tax rate or FICA…

The 25% bracket will rise to 28%.
The 28% bracket will rise to 31%.
The 33% bracket will rise to 36%.

If you’re married, expect to pay more.

That’s right -- the “marriage penalty” is back.

Kids? The child tax credit is slashed from $1,000 to $500 per child. (Not that you could raise a kid on $1,000 a year anyway.)

I know that you’re not thinking about dying soon. But you may want to adjust your assets accordingly in the next six months…because the “Death Tax” returns in 2011.

That’s right -- if you die this year, no death tax. But 6 months from now, expect a whopping 55% (on estates over $1 million).

There has simply never been a more pressing time than right now to start planning for the future (the future that’s less than 6 months away!).
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Take advantage of our 2010 discount offer if you are not yet a member of the GGIS paid newsletter service and you’ll be on your way to knowing how to protect your portfolio...at least what’s left of it. I’ll keep you informed on the “REAL DEAL” in our economy so you can protect your wealth. So....Sign up today!!!

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Until the next time!
Asante Sana (Thanks)
Gary Gray
Tax & Financial Consultant, RFC
G&G Associates
757-251-0174 office
866-361-3872 toll free fax
www.gngassociates.net

"Your mind is like a parachute, it only works when it is open."
C. Brown

P.S. If you're not a GGIS Paid Subscriber reader yet, it's not a bad way to start the year. The recent dollar rally has actually given everyone some new opportunities to invest on the cheap.

P.S.#2 If you are looking to Travel and looking for steep discounted travel, visit www.gngassociates.net, click on the “G&G Travel” link and let your travel planning begin. Let us know where you want to go and we’ll do our best to find you the best deal your money can buy.

 

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