posted 02-14-2006 05:43 PM            

ON A SERIOUS NOTE... THE IRS DOES NOT HAVE THE MAN POWER TO CHECK THESE THINGS OUT. I FOR ONE WOULDN'T MENTION IT TO THEM. THAT'S WHAT I WOULD DO BROTHER. JAVIS I HEAR YOU !!!

posted 02-14-2006 10:34 PM            

Here look at the website on the tax again, this line...

"And if your income tax bracket is below 28 percent, you'll pay at your income tax rate rather than a higher capital gains rate, says Patricia A. Thompson, CPA, tax partner for the Providence-based firm of Piccerelli Gilstein & Company, LLP. "

We have a trust for the car collection.
The Towle Faimly Trust

We have the Business in another trust.
The Towle Company Trust

We have the house and 2 cars in another.
The Travis & Rochel Towle Trust.

#1 If somone sues my business, they can not tap my home, cars, or collector cars.

#2 If someone sues me, they can not tap my house, cars, collector cars, or business.

#3 If I go bankrupt from credit cards or other matters, everything is SAFE.

Going back to the statment above:
"income tax bracket is below 28 percent"
This is easy, my father just filed for bankruptcy thanks to my lawsuite against him, he makes NOTHING.... BUT his trust The Patrick M. Towle Trust owns the house, cars and business and makes big old $$$$$. He lost nothing but a few hundred grand of Credit Card Dept.

So how does this work? Easy, as long as you are the benificary of the trust and the person that put the property into the trust, and it is NON-Revokable, you can transfer property around from trust to trust or to you with NO TAX or money flopping around. Just paperwork. The Trust attorneys will tell you "well if you do this then there is not really a trust" well who is going to stop you and complaine? To the eyes of the legal system and the IRS it is all OK... You just have to find the right trust attorney to tell you the tricks. You transfer the car to a trust with some other property, and then transfer it back 6 months later, and sell it. You fall into the min tax bracket if you have your business set up right - or have your paychecks going to a bank acount of the trust.

You have to understand, rich people have things like this for a reason. SO DO THE LAWMAKERS - they are the ones that made the laws, do you think they will tax themselves?... It is common with rich people that only the poor get taxed high. It all just has to be set up right.

A friend of mine did not want to pay tax on the Lambo Diablio and the Ferriri 328 he had, so he went to his house in Manzilla Mexico and titled the cars down there when he lost his dealers tag here. Now the 2 cars have Mexcio plates on them. He wanted a beach front house in mexico, but NON mexicans can not own within 8 miles or something like that of the coast there. So he put in a trust, and gave the home to a house boy, and made it so in leagle standpoint, the house boy owns the home - but he really owns the home and controls the trust and can apoint anyone he wants to "kinda own it", and when he dies it goes to his kids, not the house boy - the house boy gets a free place to stay and is like his butler, maid, translitor, pool boy, and basic keeper when we are too drunk to make it back to the house... It is endless if you know the tricks.

My sudgestion, start calling some tust companies ASAP and set up appointments, do not pay big $$$ for a trust to bet set up, and DO NOT PUT ANYONE IN CONTROL OF IT BUT YOU!!! the attorneys love to have you give them the property for your "SAFE KEEPING" have fun getting any of it back or moving things around. Do not tell them you are trying to hide tax stuff, just tell them you want to protect your property, do not title the collector cars with your home, and do not tust your businss with anyting you want to loose. This might cost you 200 bucks to file 4 different tax returs for the trusts but in the long run it is better.

Think of it this way, My dad is the owner of the business, but he is NOT? How can that be? My dad drives the cars around all the time, only he drive them, he pays the insurance and everyting - they are his cars, but they are NOT? How can that be? TRUST he controls. I was supposed to get the business and it was in my name next, but now he is giving it all away with everything else to Washburn Law School with the stroke of a pen and his fax machine to the trust company, giving me and my sister and mom only 1 dollar each because each of us sued him. My dad had a 1937 SS-100 Jaguar that I used to drive all the time, it belonged to his trust. He sold the car on ebay after I sued him. He got the money from the car that belonged to the trust, and spent it at the Casino on a weekend. NO tax but regular tax. He transfered the car to him out of the trust, and sold it ASAP. This is ALL FAIR in the eyes of uncle sam.

Good Luck!

Travis E. Towle
Topeka, Kansas

785-357-1004

posted 02-15-2006 12:03 PM            

I quote "giving me and my sister and mom only 1 dollar each because each of us sued him"

Back to the "EACH OF US".

Mom in 1982
Sister in 1991
Me in 2002

Hmmmmmm... Why would a whole family sue there poor father and husband? Probably because he is a BAD PERSON to begin with... I make my own money. I own my own business. Money is very easy to make if you just know how... It takes money to make money and that is a FACT.

ALSO:
Did you ever hear of a Generation Skipping Trust? My own Grandpa could set something like this up because he DID NOT TRUST HIS OWN KIDS, ie my dad. Dad gets NOTHING that is not willed to him, and the grand kids get the Generation Skipping Trust.... hmm.

Again Dick get over it... I sould not have to explane myself to your bla bla posts anymore.

Travis E. Towle
Topeka, Kansas

785-357-1004

posted 02-15-2006 08:38 PM            

Travis E. Towle
Topeka, Kansas