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Biden’s Framework, The Tax Bomb…

Some items to note that were not included in the legislative framework: A Billionaire tax, affecting a small, but wealthy segment of taxpayers Lowering estate tax exemption Changes to capital gains rates  Changes to “Carried Interest” Changes to IRA accounts Changes...
Fair Share?

Fair Share?

From Zerohedge.com:  Incredibly, in 2020, approximately 61% of Americans paid no federal income taxes, according to the Tax Policy Center.  Therefore, approximately 39% of Americans paid all federal income taxes. In 2017, the top 1% of income earners in the U.S. paid...

The Tax Bomb…It’s Coming

In the U.S. we have seen a correlation between debt to Gross Domestic Product(GDP) as a leading indicator of tax increases.  The link below illustrates how the highest marginal tax income rate trends with the debt-to-GDP ratio.  Today, our debt is reaching...
61%

61%

Nearly 61% of U.S households paid no federal income taxes during pandemic-stricken year of 2020, because of declines in income and boosts to government subsidies that wiped away tax liabilities, according to data from the Urban-Brookings Tax Policy Center. The number...