Attorney Tom Cryer, aquitted of tax charges 07/11/07

Attorney Tom Cryer acquitted of willful failure to file income tax returns; because no law exists requiring the average American to file an income tax return or pay a tax on his/her labor.

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I.R.S. Charged with Fraud

Ninth Circuit Federal Court of Appeals

Attorney's for the I.R.S. commit Fraud upon the court. I.R.S. must pay back $400,000,000 in bogus charges. Decision January 17, 2003, "Dixon vs. Commissioner of Internal Revenue." Case No. 00-70858.

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What is a limited liability company (LLC)?

A limited liability company is an unincorporated business organization offering limited liability to its owners. Inspired by a type of business organization in Germany known as the GmbH, the LLC was first introduced in the U.S. by the state of Wyoming 30 years ago. Yet only since 1988, when the IRS provided guidance on LLC tax treatment, have they been widely used in the U.S. Often incorrectly called a "limited liability corporation", the LLC is an entity that most often combines the best aspects of both corporations and partnerships.

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Living Trusts vs Common Law Trusts

When someone talks about preserving his assets with a trust entity, he is typically referring to a Statutory Trust. This kind of organization is different from a Common Law Trust in that it restricts its activities to those defined by legal statutes. In this section, we list the differences.

Living trusts do not protect assets as well as do Common Law trusts. While the trust creator is still alive, the assets of a living trust are visible and vulnerable to attorneys and state agencies. In contrast, Common Law trusts establish for the trust settler, while he or she lives, a situation that is nearly judgment-proof. This type of trust also has the distinct advantage of not only protecting assets, but of also providing privacy and reducing tax liabilities.

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What is a Trust?

Trusts first came into being as a method of insuring that property would be managed and given to ones heirs, should the owner of the property die before the heirs were able to responsibly manage the property. To accomplish this, the property owner would transfer ownership of the property to a person he trusted. That person, the “Trustee”, would be required to care for and deliver the property per the provisions of a contract between the parties. In this way, a family’s wealth could grow from generation to generation.

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What is a Corporation?

A corporation is an artificial entity that exists through the permission of the state in which the corporation is situated. States require that the purchaser provide his Social Security Number when a corporation is created. Governments also require that the corporation be licensed by the State. States can make these requirements because creating a corporation is not a natural right possessed by people and guaranteed by the Constitution. Rather, it is a privilege that is regulated, and all privileges come with a price. In the case of a corporation, the most significant privilege is that the corporation can declare bankruptcy. This is seen as a significant advantage for most people. Whereas people don’t have the natural right to take the property of others without fair compensation, the privilege to do so can be purchased in the form of a corporation. Of course, since this means that those doing business with the corporation are taking a risk, they must be given fair warning that the business is an artificial entity having such privileges. Thus corporations must contain the word “Corporation” or “Inc.” in their names.

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What is a Common Law Trust?

We have all heard the stories of how a person's relative died and the lawyers and taxes devoured most of the estate before the inheritors received their portions. This kind of asset degradation can even happen with a statutory trust because legislators, who have an insatiable desire to take more and more from wealthy citizens, often change laws at will, without even the threat of public opposition. In contrast, Common Law trusts are not vulnerable to such capricious actions of elected and appointed officials because they are not based on statutory construction.The Common Law trust, or Pure trust, is an irrevocable private trust based on principles of Common Law, which endure through centuries without governmental perversion. Having a trust with such an unshakeable foundation has enabled billionaires to protect and preserve their hard-earned wealth through many generations. For example, it has been reported that H. L. Hunt, the Texas Oil Billionaire, paid $75,000 to set-up the first Hunt Family Pure Trust. Today it is estimated the family uses at least 200 trusts.

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Why Use Financial Preservation Strategies?

The rapid rise in lawsuits in recent decades has made financial preservation an important strategy for most people to seriously consider. Whether a lawsuit arises from divorce, personal dispute, or business transaction, the loser could likely lose all of his wealth if it is not protected. Furthermore, when one observes the abusive manner in which governmental and pseudo-governmental agencies are illegally taking the property of law abiding citizens in order to satisfy a growing government’s appetite for money, it is no wonder that even not-so-wealthy Middle Class Americans are searching for ways to preserve their assets and possessions.

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