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In this week’s Hidden Wealth Reviews, I share that a lot of people have been reaching out to us about the impact of the Inflation Reduction Act. They want to know what this actually means and how they can protect themselves. This Tuesday, at my Wealth Protection Webinar, I will be teaching what you can do to protect yourself against the Biden spending bonanza.
Representative Richard Neal (D-MA), Nancy Pelosi’s hand picked chairman of the House Ways and Means Committee stated, even before this $739 billion spending spree is signed into law, that, if the Democrats remain in control of the House, he’s going to make sure that they raise taxes on corporations and individuals. Keep in mind that the Inflation Reduction Act allocates $80 billion to raise an army of 87,000 IRS agents. Of the $80 billion, $45.6 billon is going towards finding more tax.
The non-partisan Tax Foundation thinktank reports that, although the law doesn’t directly increase income taxes for most Americans, it will have an indirect impact. The increase in corporate taxes will reduce economic output, eliminate nearly 30,000 full-time U.S. jobs in the long run and reduce after-tax income for all Americans. That means less tax revenue coming in, fewer people working, lower corporate profits and a harder time getting through the retirement hurdles.
Click Here to learn some of the alarming contents of this new bill that's about to become law.
According to the Washington Examiner, some of the more striking features of the Democratic agenda are:
- The promise to raise taxes
- Unleashing 87,000 IRS agents to find $24 billion in new taxes
- Adding $313 billion of new taxes on businesses and corporations
All of this will have a big impact on retirement accounts. The bill was pushed through as a cost-cutting measure to help Americans make ends meet, reduce the deficit and help protect the environment.
At a press conference last Friday, House Speaker Nancy Pelosi was quoted as saying, “It makes a difference at the kitchen table and the boardroom table.” If things could only be as separate as the Speaker implies. Corporate tax increases simply get passed from the boardroom table right to the kitchen table in a variety of of ways: lower pay for workers, higher prices for consumers and lower investment returns for shareholders.
LEARN HOW TO AVOID THE PLANNED TAX HIKES!
If you’re sick and tired of all this Washington waste and you want to do something to protect yourself, register for Tuesday’s Wealth Protection Webinar. At this no-cost, no-obligation financial educational event, I will teach you how to:
- Un-tax your IRAs
- Insulate your income from the IRS
- Keep Uncle Sam out of your children’s inheritance
Learn to protect yourself! The Democrats are already plotting how to raise taxes even before the ink has dried on the bill.
To register for Tuesday’s no-cost, no-obligation, log on and learn financial educational event, simply follow these four simple steps:
- Go to www.RetirementProtected.com (or scroll down to the form below).
- Select the webinar date/time you prefer.
- Enter your information thoroughly – make sure to double check your email address.
- Click “Reserve My Spot!” to submit, that’s it!
Once you’ve registered, you’ll receive an email containing a personal access link to join Tuesday’s event. Don’t forget to add it to your calendar!
This misguided administration’s plans are targeting corporations with higher taxes, claiming this will result in taming inflation. The result will be weaker market returns and increased taxes on higher income earners and strong savers in 401ks and IRAs. These are the people who will benefit the most from our proven solutions. Solutions with a track record of measurable results.
Register for your preferred webinar time now because these events have proven to fill up fast.
Those who attend this event will receive a complimentary copy of my latest eBook:
The Baby Boomer Retirement Breakthrough-The Unfair Advantage to a Safe and Secure Retirement.
Spouses and Significant Others are Encouraged to Attend This Event Together
Wealth Strategist | Best-Selling Author
We help Baby Boomers and Retirees thrive in retirement through a clear retirement road map that provides market correction and tax protection to optimize income and assets!