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Charles R. Wolpoff has served as both a tax lawyer and journalist. He is using both those capacities as editor of monthly newsletter Tax-Wise Money.
In the past, he worked as a tax lawyer for the Baltimore law firm Weinberg and Green, and accounting firm Ernst and Young.
He has also written on tax matters for publisher Tax Management, a subsidiary of the Bureau of National Affairs Inc. in Washington D.C.
In addition, he reported on legislative matters for the Congressional Quarterly and the Capital News Service, and on business for the Baltimore Business Journal.
Charlie, a member of the Maryland bar since 1982, has a B.A. from Duke University, a Masters in Journalism from the University of Maryland, a J.D. from Vanderbilt University and an LL.M in tax from Georgetown University.
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Get Ready to Fight the Tax
that Could Cause the First Depression of the Next Millennium
by Charles Wolpoff, Editor
Tax-Wise Money
There's an old piece of advice that goes something like: "Don't match wits with an unarmed man."
I'm concerned that most U.S. taxpayers are entering the 21st century unarmed. And, unfortunately, greedy lawmakers and hungry tax collectors won't hesitate to "match wits" with you if they sense easy pickings.
You see, taxpayers have become complacent, apathetic, and downright ignorant about their taxes.
Ignorant about the amount of taxes they pay, the wide diversity of wealth-grabbing techniques the government has perfected, and the ongoing campaign by elected officials and unelected bureaucrats to take away more of your wealth every year in ways that will escape your detection.
Yet, there's an impression across the land that taxes are going down. We hear about surpluses, low unemployment, and a surging economy--and assume, because it's rational assumption, that in such an environment our taxes will naturally shrink. But the clear trend is just the reverse. Your taxes are going up. And will continue to go up.
Feeding the hunger
They will also become more complex, be imposed by a wider variety of government authorities, and become harder to fight.
As we look into our crystal ball, one proposed tax in particular looms like Yeats' beast, slouching toward Bethlehem--waiting to destroy the economy and your wealth.
Protecting your wealth is going to be a tough challenge in the coming years. But it will be impossible if you don't arm yourself with the truth about what's in store for your money.
To this end, here are 10 predictions about taxes as we enter the new millennium.
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