Raising Taxes in a Recession?

by Chuck Oliver | Hidden Wealth Reviews

Please Click the Video to Watch This Important, Short Message

raising taxes

In this week’s Hidden Wealth Reviews I teach that raising taxes in the middle of a recession is going to cause higher inflation. Even though we’re in a recession, Congressional Democrats are planning to raise $450 billion of new taxes! $80 billion to beef up the IRS by hiring 87,000 new IRS agents to go find more tax. This is on top of raising taxes on America’s job creators.

The bill allocates $369 billion of the new taxes for the Green New Deal which will only deepen America’s inflation crisis. What’s comical about this situation is that they actually named this bill the “Inflation Reduction Act.”

This coming Tuesday, at my Wealth Protection Webinar, I will be teaching what you can do to protect yourself from what’s coming. But I have to caution you, financial uncertainty and economic issues will be coming and they will be coming very quickly.

Whether you’re a high income earner who’s worked hard and saved hard and you are trying to get to retirement or whether you’re already retired and trying to get better through retirement, if most of your savings are in 401(k)s or IRAs, beware. Your hard-earned money is sitting in what I call ticking tax time bombs. The retirement tax impact of these types of accounts is currently bad enough. The impact will be even more catastrophic once taxes have been increased on top of increased inflation. You need retirement recession protection in order to safeguard what you’ve worked hard to save.

Click Here to learn what's in the Inflation Reduction Act, how it will impact your retirement and what you can do to protect yourself.

Here are some of the startling items in the proposed bill:

Raising taxes on businesses when we’re already paying more for just about everything
These tax increases will be passed on to the consumer, stifling the reinvestment infrastructure, R&D and worker’s salaries. The current supply chain crisis will be exacerbated
Hiring 87,000 new IRS agents who will target American families and businesses
Implementing price control schemes for prescription drugs. This will negatively impact seniors, patients and those with rare diseases
Extending Obamacare subsidies for three more years, benefiting the wealthy and subsidizing people who already have health insurance
Expanding federal spending without enacting meaningful reform
Increasing inflationary pressure even though inflation is already at a 40- year high
Spending $369 billion on “Green New Deal” initiatives

With all this additional spending, they’re going to have to raise taxes. They require so much more tax that they need 87,000 more IRS agents to go and find it! One place that’s easy to get new taxes from are tax-deferred retirement savings accounts such as your IRAs and 401(k)s.

Taxing businesses in the middle of a recession, while we’re facing 40-year high inflation is going to cause even more inflation. When you raise taxes on top of the inflation, you start to see people’s retirement accounts dwindle.

Let me teach you the proven safeguards for your serious retirement savings. Let me teach you how you can eliminate the IRS and enjoy upside market gains without downside losses.

We have to protect our own economics and I want to teach you how to do that. I want to teach you how to untax the money that’s trapped in tax-deferred, ticking tax time bomb retirement savings accounts. I want to teach you the most efficient and effective way to convert your traditional IRAs and 401(k)s to Roth IRAs. For those who qualify, there’s a little-known tax deduction you can use to offset the taxes that would normally be due on the conversion.

LEARN HOW RAISING TAXES IN A RECESSION IMPACTS YOUR RETIREMENT

Get Washington out of the way and get Uncle Sam out of your income and your children’s inheritance. Let me teach you what we have taught Baby Boomers and retirees from all across the country; how to legally, ethically and morally pay the least amount of tax.

You’ve worked hard for your money. Learn how to control what you can control and how to remove unnecessary taxes from your retirement equation. To learn how, register for this coming Tuesday’s Wealth Protection Webinar.

Let my teach you how to insulate your savings from 78,000 new IRS agents. Learn how you can convert your traditional IRAs to Roth IRAs and pay the least amount of tax now, and into the future. Let’s get to work!

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.

CHuck Oliver Retirement Breakthrough

Spouses and Significant Others are Encouraged to Attend This Event Together

Note: We serve Boomers and Retirees all over the Unites States. We have an efficient, supported process to meet online, as have been doing for over 20 years. Our online meetings are private, the access is restricted and we never share our meeting link with anyone who’s not a part of the meeting.

Chuck Oliver
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!
www.TheHiddenWealthSolution.com