The 0% Income Tax Solution- can it be?

July 18, 2009

O.K. It’s official. Our government is spending money like a drunken sailor at a whorehouse, and the worse part is the money they’re spending is coming from your and your kids’ credit cards they stole out of your wallet.

Check out this INSANE chart to see the rate our government is spending at right now:

2009 US Federal Budget Deficit

The U.S. has spent over $1 TRILLION dollars and the deficit is expected to end up at a total amount of $1.84 Trillion by October according to the president’s Administration (whole article here). Remember, this is the same Administration that told us unemployment wouldn’t go above 8.5% and it’s now at 9.5%. So I wouldn’t trust their #s and I won’t be surprised if the deficit ends up topping $2 Trillion the next few months.

The first few times I looked at this chart I didn’t realize that the black line on the right is this year’s spending. It’s so far out of whack with past years’ spending that it doesn’t look like it fits on the chart and I thought it was the border of the picture. Sadly, it isn’t.

You know there’s a problem when you’re smart and your brain has a hard time wrapping itself around the size and scope of the massive spending going on right now. Hearing the #s is one thing; seeing them is another!!!

So what can you do to protect yourself from your taxes getting jacked sky-high? A few things.

One is to do everything you can do to lower your taxes immediately. My Prosperity Power system will help you do that.

Another idea put forth in the Wall Street Journal is for the government to lower the middle class tax rate in the U.S. to ZERO PERCENT. The middle class only contributes 4% of TOTAL government revenue, so if the government lowered most Americans’ taxes to 0% the government revenue wouldn’t dip at all due to its increased administrative cost savings AND most middle class people would keep 25% to 33% more of their income in their pockets (whole article).

And if you’re one of the top 40% of all income earners your taxes won’t go up under a plan like this to either as there’s no revenue to have to make up.

Now THAT’s a stimulus plan I can get excited about!

So, is it a total pipe dream? I don’t think so. Look at the protests in Iran over their election abuse of power a few weeks ago. Look at all the tax protest Tea Parties that are taking place all over America. In 1985 in the Philippines the people stood up against tyranny and turned things around. All throughout history there are examples of people standing up for what’s right and changing things for the better.

So if you want this to happen, then be willing to take a little action. Here’s what I recommend:

1. Write your Congressman and Senator online, tell them you support the “Middle Class Zero Percent Income Tax Stimulus Plan”, and send them the link to the WSJ article! Let your voice be heard.

2. As you ultimately can’t control what the Administration or Congress does despite making your voice heard, take FULL responsibility to lower your taxes as low as you legally can NOW! With the right structures set up for you by professionals, you can legally get your taxes down to single digits. This is the best way you can make sure you don’t end up getting stuck with the tax bill that’s coming due from our ballooning deficit. I show you how to do this and connect you to people who will set up the structures for you in my Prosperity Power system. Check out all the financial benefits you get from it now here.

Well, that’s it for now. Be encouraged that you CAN do something about the crazy spending going on around you, and EMPOWER yourself and protect yourself and your family. God bless you.

David Newby

P.S. If enough of you respond to this post, I’ll write a short letter you can send to your Congressman, Senator, and the Adminstration office and post it here on my blog.

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