Are we due for a Tax Hike?
If you ask the average person if they believe they are paying too much in taxes or too little, most people would say too much.
Truth be told, since 1913 the highest income tax bracket has experienced a roller coaster of a ride.
In the 1950’s it was as high as 90% and today it rests at 39.6%.
The reason why many experts believe tax rates in the future will be higher is due to a four letter word.
Can you guess what it is? MATH
According to usdebtclock.org , U.S. Government Debt is currently over $19 Trillion which equates to more than $59,000 per U.S. citizen.
One of the best ways you can potentially reduce tax risk is to fund accounts which grow Tax-advantaged.
To learn more about Tax-advantaged investing give our office a call at 949-474-8440.