Tag: IRS

New Tax Law Targets America’s Most Productive Workers

By Thomas J. Stanley on Apr 27th, 2010 in Current Events

I was not going to tackle the issue of the new tax law changes at this time.  However, Ben A. wrote an excellent response to my “Henry” blog last week.  Ben pointed out accurately that the top 10% of the income earners in the United States pays over 70% of the tax on personal income.  After reading […]

Onshore versus Offshore

By Thomas J. Stanley on Sep 15th, 2009 in Current Events

If you recall from an earlier blog, Part 1: The Millionaire Next Door:  Swiss? Cheese only, I hypothesized that most people who are guilty of tax evasion are hyper consumers.  But not all of these tax cheats use offshore accounts.  In fact, I am of the opinion that there is a much greater number of […]

Part 3 of 3: The Millionaire Next Door . . . Swiss? Cheese only.

By Thomas J. Stanley on Sep 10th, 2009 in Current Events

Compare the “rich” people (especially the Forbes 400 crowd I profiled in my previous blog) with the typical Joe and Nancy American household. The typical household in the United States generates a median income of just over $50,000 per year. As explained in an earlier blog, Average Rich? Median Poor?, its net worth is just […]

Part I of 3: The Millionaire Next Door. . . Swiss? Cheese Only

By Thomas J. Stanley on Sep 3rd, 2009 in Current Events

There has been a lot of press coverage recently about American citizens using Swiss accounts for tax evasion purposes.  I have spent thousands of hours researching the affluent and advising the majority of the top fifty financial institutions in America.  Yet, I have only spent about two (2) hours consulting with a group of executives employed by a bank […]