If you think taxes are high today, just wait.

It certainly doesn’t feel this way, but it’s true. Taxes are at their lowest levels in multiple generations for Americans of all income levels. The problem is, they’re not likely to stay that way.

Even before the housing and banking crisis of 2007-2009, government spending was out of control. The budget surpluses of the late 1990s had been replaced by budget deficits that should have made every prudent American taxpayer pause. Now, with the economy in deep recession the deficits continue to skyrocket, as does the national debt – currently at $11 trillion and counting, not including mammoth commitments made to Social Security and Medicare.

This is a crisis in the works. And unlike previous recessions, lowering taxes to stimulate economic activity will not be enough this time. Demographic trends suggest that we will not be able to “grow ourselves out of it” like we did in the 1990s. The logic of the Laffer Curve, regrettably, will not work this time.

If you are going to preserve your wealth in the difficult years ahead, you must first understand the depth of the problems we face. Then, you have to implement all of the tools and strategies at your disposal to keep as much of your hard-earned wealth as possible for you and your family.

HS Dent's Taxing Away Your Wealth Economic Special Report will help show you how to preserve your wealth.

• Income
• Wealth and Property
• And the Estate (or Death) Tax

Taxing Away Your Wealth also includes an inside look at Harry Dent's research regarding Taxes, and also some advice and information from Ed Slott, an IRA specialist.