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The Tax Bomb…

The Tax Bomb…

Estate planning with life insurance As Congress wrestles over Biden’s agenda, some advisors have been proactive with clients, exploring ways to lessen the possible impact. If taxes rise, some clients may buy more life insurance to cover the bills, said Herron. ...
It’s Rigged

It’s Rigged

“The average American family is paying 14% income taxes, fighting covid lock downs, college debt, loss of manufacturing / tech jobs due to predatory economic policies while the oligarchs who gain from our decline skate by.” Hat tip Joe...
Fleeing California

Fleeing California

California, with its relatively large tax burden compared to other states, has seen a taxpayer exodus in recent years and, along with it, billions in taxable gross income. State-to-state migration data recently released by the Internal Revenue Service (IRS) shows that...
The Tax Bomb, it’s Coming

The Tax Bomb, it’s Coming

“President Biden will propose a $6 trillion budget on Friday that would take the United States to its highest sustained levels of federal spending since World War II, while running deficits above $1.3 trillion throughout the next decade,” the New York Times reports. ...
Taxes, Taxes, Taxes

Taxes, Taxes, Taxes

From Self.inc:  Using our state averages, we can see that the average American will pay $525,037 over their lifetime, almost 65% of this will purely be tax on earnings. This amount varies drastically by state but uses averages for earnings, expenditures, property and...