Chrome CSS Drop Down Menu

Call Us
(877) 656 9111

Laser Financial Group Samuel N. Asare
Books and Reports Videos Articles Press Releases Media Room
FAQs Ask Us Your Question
CPE Credit Media Kit Important Links Code of Ethics Privacy Policy
Press Release

Debt Ceiling Talks Only Mean Massive Tax Increases for American Taxpayers

Contact Information:

Laura Orsini   / 877.656.9111  / info@laserfg.com / www.LaserFG.com

KENSINGTON, MARYLAND. July 27, 2011 -– The hype surrounding the ongoing negotiations about fixing America’s debt crisis is causing American taxpayers to lose sight of the fact that they face massive tax increases in the foreseeable future, says Samuel N. Asare, senior financial strategist with the DC-area Laser Financial Group, LC.

“At the end of the day, any serious and practical solution must contain some mix of spending cuts and tax increases,” Asare explains. “However, taxpayers must remember that in the past, Washington, D.C. has been unable to achieve any credible spending cuts, which makes increased revenue (i.e., tax increases) the easier, more attractive and more practical alternative, so to speak.”

Most politicians do not want to have anything to do with massive spending cuts, which must necessarily involve tampering with today’s Social Security, Medicare and Medicaid benefits, but they would vote in a heartbeat to increase taxes, especially when that increase is positioned to impact wealthy taxpayers, states Asare.

“Many pundits are completely missing the point that Republican lawmakers are NOT opposed to tax increases. As far as I understand things, they are simply opposed to the timing of the tax increases, because the fact is that taxes must increase, at some point,” Asare adds.

It would therefore behoove those American taxpayers whose nest eggs take the form of yet-to-be-taxed plans, such as 401(k)s, 403(b)s and traditional IRAs to seriously reexamine their retirement-income strategies and begin to explore nontraditional alternatives that can legally insulate their future income from tax hikes, because those days are just around the corner.

About Samuel N. Asare:

Samuel N. Asare is the senior financial strategist with Laser Financial Group, a regular columnist/commentator for various trade, professional and regional publications, and author of four personal finance books.

He holds an MBA and is a Chartered Retirement Planning Counselor, a Charted Mutual Fund Counselor, a Certified Treasury Professional, and a Certified Business Manager.

###


1 2

Laser Financial Group LC BBB Business Review

Call Us
(877) 656 9111

Linkedin twitter facebook Youtube

Home | Our Solutions | Blog | Presentations | Consultation | Your Questions | Books & Reports | Videos | Laser Financial Group | Samuel N. Asare | Media Kit | Articles | Press Releases | CPE Credits | Media Room | Important Links | Code of Ethics | Privacy Policy | Contact Us

This website is for informational purposes only. All opinions expressed are solely those of Laser Financial Group, LC., and our editorial staff. The information is not to be construed as any form of professional advice, nor as solicitation for the purchase or sale of any security, whatsoever. No particular outcome is guaranteed. No strategy can guarantee a profit, protect against loses, or ensure peace of mind. Recommendations are based solely on third party insurance products for which we receive compensation. Laser Financial Group, LC, does not provide investment advisory services. This does not constitute an offer to provide services in any jurisdiction in which such offer or solicitation would be unlawful under the laws of such jurisdiction. Any United States tax reference on this website is not intended to be used, and cannot be used for the purpose of avoiding penalties under the Internal Revenue Code, or promoting or recommending to another party anything addressed herein.

All Rights Reserved - Laser Financial Group, LC. 2008 - 2017

website by transNETMedia.com