Please Click the Video to Watch This Important, Short Message
Tax Savings Done
In this week’s Hidden Wealth Review, I teach that the math that the progressive’s are using just doesn’t add up. If you’re looking to get tax savings done you need to do it before the end of 2021!
If you’re a Baby Boomer or a retiree and you’ve saved in tax-deferred accounts such as 401(k)s or IRAs, you’re the government’s tax target. They are looking for (and taking more) tax from you, your children, your grandchildren, your brokerage accounts and your estate.
But the math just doesn’t add up. This proves that what’s being proposed isn’t even realistic. According to an article in the Daily Beast titled, “The Math Problem”, the Congressional Budget Office’s (CBO) baseline deficit proposed by Biden is $12 trillion over the next decade. Over the next three decades, the projection is $112 trillion. The Democrats are proposing another $6 trillion in new spending over the next 10 years. Meanwhile, Elizabeth Warren is proposing over $40 trillion in new spending and Bernie Sanders wants to add $97 trillion.
These numbers just don’t add up. Even if they seize all $4 trillion that belongs to America’s billionaires, that would only fund the government for just eight months!
Annually seizing 100% of all earned household income over $1 million would not even balance the budget. Alexandria Ocasio Cortez’s proposed 70% income tax bracket would only fund the federal government for 1.2 days.
Click Here to see a list of the common progressive tax proposals and why they just don't add up.
Here’s a list of all of the common progressive tax proposals:
- Repeal the 2017 tax cuts
- Create 50% and 70% income tax brackets
- Cap the value of tax deductions
- Raise capital gains taxes
- Apply Social Security taxes on all wages
- Impose Biden’s corporate tax increases
- Institute Elizabeth Warren’s real corporate profits tax
- Tax financial transactions, such as stock trades
- Impose a carbon tax
- Impose an 8% wealth tax
- Institute a 77% estate tax
If you layer all of these proposed taxes on top of one another, they would only raise $13 trillion over the next decade. Obviously, the time to get tax savings done is now in 2021.
There are plans to take away the ability to do Roth conversions. They are going to restrict what types of assets you can hold in a Roth. Their plan is to put you in a position where your money can never escape taxes. Learn how you can avoid the Biden runaway tax train as it gains speed!
LEARN HOW TO GET YOUR TAX SAVINGS DONE IN 2021!
This coming Tuesday, at my Wealth Protection and Preservation Webinar, I will teach you new concepts that most financial advisors, CPAs, and even tax attorneys often misunderstand. I’ve been teaching strategies like this for over 25 years.
You’ve worked hard for your money! Imagine, less tax! Remove unnecessary tax from your financial equation. With the holidays around the corner, there’s not much time to act. All of these things need to get done before the end of 2021. There’s still time to learn how to be a low tax or no tax retiree, but you must act now!
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!
Joe Biden’s tax plans are targeting high income earners, those with large capital gains as well as those with estates valued over $3.5 million. We find those higher income earners of $200,000 or more or those who have saved $1 million or more benefit the most from our proven 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
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.
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!