Long the champion and beneficiary of free trade and the free flow of capital, the United States last year enacted legislation that a growing number of commentators and professionals believe could be the start of capital controls in America.
Long the champion and beneficiary of free trade and free capital flows, the United States has enacted recent legislation which a growing number of commentators and professionals believe could be the start of capital controls in America.
Many investors feel they are losing too large a percentage of their investment gains to income taxes each and every year. These aggressive investors, whose portfolios turn over a number of times during the tax year, often lose as much as 40% of their gains to a combination of federal and state income taxes. What investors really want are products that: 1) Grow income tax free; 2) Allow for all types of investments; 3) Distribute monies as needed without triggering a recognition of gain/taxes; 4) Never pay any tax on the investment growth; 5) Pass the investments on to the next generation without any income or estate taxes; and 6) Maintain privacy and maximum asset protection over their investment property. Sounds impossible?
