Tax resolution attorney John Willis, CEO and founder of IRSALLSTAR writes about how the President’s recently released tax returns reveal that the top 1% of American taxpayers have access to tax loopholes that ordinary people cannot take advantage of.
Written by admin on October 23, 2020
As Willis points out, “The entire country has been waiting to see if the President would turn over his tax returns. Now, nearing the end of his term, he has turned them over.” He adds, “It has been reported that the President paid only $750 in taxes in 2016 and 2017.”
“While we don’t get to see the details of the much-awaited tax returns,” Willis writes, “I’m sure there will be some people who will be “inspired” by the information gleaned to want to emulate some of the tax avoiding maneuvers.” He continues, “I would warn anyone attempting that sort of emulation not to do it. Most of the ins and outs you’ll hear about and see regarding the president’s tax returns are designed for the very wealthy.”
“In fact,” says Willis, “according to the IRS, wealthy Americans are the largest source of underreported income. A study published in the National Tax Journal says that the top 1% of American taxpayers account for about 35% of misreported income. So,” he emphasizes, “unless you employ an entourage of top tax attorneys to navigate the ins and outs of tax law, stick to what you’ve been doing. Pay your taxes, report your income and steer clear of IRS trouble.”
The entire blog can be read at: http://www.irsallstar.com/blog/now-everyone-gets-to-see-how-the-wealthiest-legally-avoid-paying-taxes.php
ABOUT JOHN WILLIS
Mr. Willis believes strongly in supporting and representing the “underdog” and has devoted his entire professional life to protecting and defending those who need it most. As an attorney, Mr. Willis takes his role as “counselor” seriously. His knowledge, creativity and persistence are valuable assets that provide substantial benefits to his clients. He has represented individuals and businesses across the Gulf Coast for over 21 years and, he brings together an abundance of skills and experience that can be of assistance to almost anyone.
ABOUT THE IRSALLSTAR TEAM
The IRSALLSTAR team has developed a winning formula to ensure that each client’s individual needs are specifically met. Upon becoming a client of Mr. Willis’ law firm, that client’s immediate needs are assessed, and long-term goals are defined. Experienced professionals on the IRSALLSTAR team then assist each client in developing and implementing a custom-tailored game plan to provide both short-term and long-term relief from his or her serious tax problems. All firm clients are continually coached toward successful tax resolution and final victory over their challenges with the IRS and state taxing authorities. The entire blog can be found at http://www.irsallstar.com/blog/irs-tax-controversy-even-death-cant-stop-the-irs.php
To learn more about Mr. Willis and his law firm please visit http://www.IRSALLSTAR.com or call toll-free 877-254-4254.