Tribal Tax Blog

Generation 7 representatives will be at Global Gaming in Las Vegas and NIGA Mid-Year at Mohegan!

Generation 7 representatives will be at Global Gaming in Las Vegas and NIGA Mid-Year at Mohegan, CT. Gen 7 will also hold a strategic planning session in October with key participants from around the country. In November, reps from Gen 7 will be at the NCAI annual convention in Portland, OR. Click on www.generation7llc.com for more information.

Generation 7 representatives attend RES 2011 and NIGA 2011

Generation 7 representatives attended RES 2011 at the Las Vegas Hilton on March 13-17th. We will also be in Phoenix, AZ for the annual NIGA conference from April 3-6th. Generation 7 is a Native-Owned financial service company that has developed a Per Capita Deferred Income plan that can help save taxes and also save money for your future generations. Gen 7 also will help Tribes and Tribal members with their financial and accounting systems as well as financial advice. Come see us at NIGA!! Click on www.generation7llc.com for more information!

Generation 7 to speak at NIGA Midyear meeting at Mystic Lake in MN

Stephen Drake, President of Generation 7, LLC, a 100% Native-owned financial services company, will be speaking at the NIGA Midyear meeting at Mystic Lake in Minnesota on Tuesday, October 19th. The topic will be "Current Investment Opportunities for Tribes and Tribal Members" Generation 7, LLC has provided financial advice and assistance to Tribes and individual Tribal Members since 2003. Please click on www.generation7llc.com for more information.

Generation 7, LLC guiding Indian Country to financial stability

The American economy has been on a roller coaster ride of unpredictability over the past few years, from the financial meltdown from the sub-prime mortgage lending fiasco to the nearly trillion dollar bailout of the United States banking system.

Throughout the stomach-curdling ride, one Native American financial advisor has braved the highs and lows to guide Indian Country in the right direction.

IMPORTANT INFO, THIS IS URGENT FOR TRIBAL MEMBERS THAT RECEIVE PER CAPITA DISTRIBUTIONS!! TAX INCREASES ON THE WAY!

Medicare and Regular Tax Increases will apply to Tribal Per Capita Distributions

The Medicare tax increases combined with regular tax increases will apply to Per Capita Distributions. Congress now has a surtax of 3.8% on Per Capita for many higher Per Capita Tribal members. Tax rates are going up and will jump to 43.4% in 2013 from 39.6% in 2011 from 35% in 2010. This is a 24% increase.