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As National Debt Explodes, Taxpayers Brace For Increased Rates



(ALISO VIEJO, CA)—In September, the U.S. Treasury Department announced that the national debt had passed $10 trillion. Now some experts believe that federal tax hikes are inevitable.
“The only way to pay down a hungry deficit is with tax dollars,” says James Burns, author of the new book The 3 Secret Pillars of Wealth: How to Crack Your Wealth Code Using the Tools of the Self-made Billionaires. “Which means we could have an entire marginal tax rate shift upwards—no matter who takes office.”
Burns says that taxpayers can help offset any increased tax burden by taking advantage of investment vehicles that allow for tax-deferred growth, such as savings-grade life insurance and Roth retirement plans in the form of either IRAs or solo 401(k) Roths.
According to Burns, investors should “opt for Roth IRAs that tax their contributions upfront, so that any taxes they pay will be on the smaller contributions put into the account rather than the larger amounts they withdraw during retirement.”
IRAs and other investment vehicles are discussed in The 3 Secret Pillars of Wealth as part of Burns’ plan for investors to take advantage of any tax breaks the government does give. His advice includes:
 Find investment tools that offer tax-deferred growth through retirement
 Consult a financial advisor before believing advertised growth rates
 Find a financial advisor who specializes in investment-grade life insurance if that’s what you plan on investing in
 Learn how to calculate tax savings as part of your profits when budgeting
 Avoid get-rich-quick plans that promise tax-free growth

“Even if the government is forced to raise taxes in order to pay down some of the national debt, there are enough opportunities out there to at least offset some of that burden,” says Burns.

An attorney and a former member of the United States Marine Corps Force Recon, James Burns has two degrees in law and one in taxation and international tax. He has over seventeen years of combined financial, real estate and legal experience.

For more information, contact the author directly at

White Diamond Press and author James Burns chose Arbor Books, Inc. ( to design and promote The 3 Secret Pillars of Wealth: How to Crack Your Wealth Code Using the Tools of the Self-made Billionaires. Arbor Books is an internationally renowned, full-service book design, ghostwriting and marketing firm.

(The 3 Secret Pillars of Wealth: How to Crack your Wealth Code Using the Tools of the Self-made Billionaires by James Burns; ISBN: 0-9801620-0-9; $19.95; 128 pages; 5½” x 8½”; softcover; WHITE DIAMOND PRESS)


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