Being Rich Is Not So Easy Anymore [1]

I found this in my e-mail today, and found it interesting enough to share:

Are You Ready For the Tax Police?

Hi Carolin, it seems cash-strapped nations around the globe are leaving no stone unturned in their quest for extra cash.

EVG Research Team here, and it might mean your privacy and dignity being tossed out the window.

“Show me your papers” has long been a phrase attached to tyrannical governments. But until now, the phrase never meant, “Show me your tax returns.”

The Elevation Group isn’t worried about extra tax scrutiny. We teach our members how to drastically lower their tax burden while remaining 100% in compliance.

(And with the best CPA and wealth strategist in the country as our tax expert, we go far beyond the typical tax accountant’s realm. Click here [2] to see what EVG is up to.)

But the growing power of “tax police” around the world does make us wince.

Economic chaos and tyranny tend to show up together, and we hope what is happening in Italy, Spain, Argentina... and even the US isn’t a sign of things to come for nations around the world.

Innocent or Not -

They May Be Looking For You

Have you ever felt that sense of relief when you spot a police car too late, but look down to see you thankfully were not speeding?

Well, in Italy, if you drive a nice car that relief may not last.

Even though you weren’t speeding or disobeying any other traffic laws, you may still find the officer in your rearview mirror signaling you to pull over.

What are you suspected of doing wrong? Driving-While-Rich.

Apparently police in Italy have started to pull over people in Ferrari’s - not for speeding - but to check their tax records. If their reported income doesn’t match that of someone who can afford a Ferrari - you may find yourself in trouble with the tax police.

So far this policy has uncovered over 2,800 luxury car owners whose reported income didn’t seem to merit a Ferrari.

Italy’s tax police released a chilling statement on their new policy:

"These people are pushed to defraud by the mirage of easy money, to allow themselves the luxuries that they would otherwise not be able to afford -- luxuries that are often the first clue [they’re not paying all their taxes].”

Let’s ignore that this statement implies Italy’s tax policy is aimed at keeping people from enjoying their success, and move right along...

It’s Happening in

Argentina and Spain, Too

In Argentina, all credit card transactions must be reported to their tax agencies. So citizens better not spend more money than their income allows, or they may get a visit.

Spain wants to keep tabs on your spending too. And that’s why they’ve outlawed cash transactions over 2,500 Euros.

By ensuring large transactions are made digitally, it’s much easier to track.

Italy, in fact, has also banned cash transactions... of anything over 1,000 Euros! And Greece is on its way to doing the same thing.

And all this is being done to limit privacy in the name of catching tax evaders.

But this could never happen in the United States, right?

It’s Already Reached the States

The state of Louisiana has already banned the use of cash for garage sales, flea markets, Craigslist postings... or any other method of selling “secondhand” property.

According to the law, if you sell used goods more than once a month, you are considered a “secondhand dealer” and are banned from using cash transactions.

Instead you must use checks, electronic transfers or money orders - all forms of payment that leave an obvious paper trail.

Apparently skipping taxes from your garage sale “profits” has become a concern.

And There’s More Where That Came From...

...broke governments are going to do all they can to find revenue.

Fortunately, The Elevation Group can teach you how to minimize your tax burden 100% legally, so you never have to fear the IRS.

But just in case your privacy is important to you as well, we’ll be keeping an eye on governments around the world as they hunt for more money.

To see what else we've discovered - including the one investment the rich are betting on right now - watch this free EVG presentation now.

Click Here to Watch the Free EVG Presentation [3]

Your Partner In Prosperity,

The EVG Research Team

*Photo used with permission from Flickr user blosterblu.

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Neither this email communication nor content posted to the website TheElevationGroup.net [9] is intended to provide personal financial advice. Before undertaking any action described in this letter, financial or otherwise, you should discuss your options with a qualified advisor-- accountant, financial planner, attorney, priest, IRS auditor, Tim Geithner... Also, nothing published in this letter constitutes encouragement to avoid or evade tax obligations in your home country. Furthermore, you should understand that TheElevationGroup.net [9] may in some instances receive financial compensation for products and/or services which are mentioned in the letter, and in other cases, TheElevationGroup.net [9]receives no compensation. The needs of the community come first, and the presence or lack of financial compensation in no way affects the recommendations made in this letter.

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