We’ll jump the gun going into April and the big financial event of your year: Tax season. While you’re putting together all that paperwork, the IRS just put out a report on the taxes it collected for 2021. It shows that the top 1 percent of American taxpayers – the ones so reviled by politicians – paid nearly half of all taxes at 48 percent.
And the top 10 percent of American taxpayers, which includes many members of the investment class, paid 72 percent. Finally, the bottom 40 percent of investors paid no net income taxes at all. Chances are, if you’re investing in the market, you’re paying some federal taxes. Overall, the picture shows that there’s a high price to creating wealth.
Think you’re paying too much? There are a few big things you can do to save a bundle. Investors can use structures like an IRA, Roth IRA, or 401(k) for tax benefits. And in some places, investing in municipal bonds can avoid local taxes. Finally, seven states have zero taxes on income… and it is no surprise these states have seen sizeable population growth in the past few years.
Now here’s the rest of the news:
Every Economic Crash Boils Down To This
Scrape away the complexity and every economic crisis and crash boils down to the precarious asymmetry between collateral and the debt secured by that collateral collapsing. It’s really that simple… [Read Here]
The Biggest Domino In The Financial Collapse Isn’t What You Think
There is one 20 trillion dollar industry that is pivotal to America’s economy and it’s about to go up in smoke right now. This industry is in such tremendous trouble that experts are now saying… [Read Here]
March 30, 2022
Wild swings have become the norm in the oil market…
We’ve seen big spikes and big drops in the past few weeks. It’s no surprise, given the geopolitical uncertainty surrounding the commodity. But the volatility itself also gives us a hint of where prices are headed.
You see, a rare event took place earlier this month. Oil spiked 8% in a single day.
That’s unusual. And it’s not white noise, either. History proves this is the kind of move that happens before further gains.
Simply put, the oil rally likely isn’t over yet.
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Is America’s Economy Destruction Being Aimed At This Demographic?
People often wonder why I get so upset about inflation. Well, the truth is that there are many reasons, but one of the big ones is because it destroys the middle class. This has been true for a long time, but here in 2022… [Read Here]
Analyst: This Treasury Bond Massacre Is Happening Very Fast
When investors demand higher yields on bonds, motivated sellers must lower the price of those bonds in order to sell them. And yields are now spiking and prices of bonds with longer maturities are plunging. The one-year Treasury yield spiked by… [Read Here]
March 30, 2021
Stocks sold off Monday on news that a few banks and hedge funds had been dealing with some liquidity issues in recent sessions. That’s caused a handful of stocks to show some big declines in the past few trading days. It’s also similar to the market selloff seen in January during the first squeeze higher in GameStop (GME).
When traders need to cover a losing position, the quick sale of any other position, including winning ones, can create big drawdowns. It’s this sudden need for liquidity by a big fund that can create some air pockets in today’s high-flying markets. If interest rates weren’t so low and the cost of using leverage were higher, these kinds of pockets would be less likely to form. Until that changes, expect continued volatility.
Now here’s the rest of the news:
If Social Security Were Really a Trust Fund “There Would Be Lawsuits Everywhere”
Our mandatory retirement program offers an all-eggs-in-one-basket strategy with below-inflation returns. What’s the problem, and why did their advisory council think we might call it a Ponzi scheme? [Read Here]
Billionaire Investor: “You’ve Got to be in These Precious Metals”
Mark Mobius sees precious metals as a necessity and recommends a 10% allocation as “an alternative and safer form of currency.” Mobius is pro-gold but he thinks this precious metal will do even better… [Read Here]
March 30, 2020
Another day, another $2 trillion dollar stimulus being implemented following the House vote on Friday. This time the stimulus is coming from the Federal Govt. instead of some special purpose vehicle, asset purchase or four-letter acronym created by the Federal Reserve.
To put it in perspective. The 2021 fiscal year budget for the entire Federal Govt. is slated to be $1.485 trillion.
That includes all government expenditures except un-funded mandates like Social Security, Medicare and Medicaid. Pretty crazy that we went from, supposedly, the best economy in U.S. history to needing trillions of dollars in subsidies in a matter of a few weeks.
March 30, 2019
Andreas Ohrt is the author of “Money Making Secrets of Mind Power Masters.” Learn the secrets of the world’s most spiritual multi-millionaires.
FIVE SIMPLE WAYS TO TRICK YOUR MIND INTO ATTRACTING WEALTH
Yes, I said very simple. The ﬁve steps which follow are designed for the complete beginner. You can start today, right now, to attract more prosperity in your life. Here’s the 1st way to start immediately.
1. Show gratitude for any money which enters your life. In order to attract money into your life, you must show gratitude for the money which is already in your life. Instead of bemoaning how little money you have, bask in gratitude at the many ways in which you are rich already. For example, if you earn more than $2,182 a year, you have more wealth than 85 percent of the people on earth. And if you earn over $25,400 per year, you are in the top 10 percent of wealthy people on this planet. When you focus on what you have rather than what you want, you realize that you ARE already rich. Give thanks oﬁen for all the riches in your life.
How to use this principle today: The next time money enters your life, from any source what-so-ever, instead of barely noticing what has happened and mentally beginning to spend it, use a few moments of time to give thanks to the universe for bringing this money into your life. Every time you receive a paycheck, every time someone gives you money for any reason, every time you ﬁnd money, or get a great deal, or save money in some way, stop and appreciate the fact that money is ﬂowing into your life. Doing this every time money comes to you will attract more and more money into your life.
Please … I beg you to follow along for the next four days to get every drop of this secret sauce.
March 30, 2017
I’m SO DAMN MAD AT MYSELF … “Be Bold, Be Authentic and Make a Recommendation.” — MJ Durkin
Are you spending your future right-from-under yourself?
I am, CORRECTION “I WAS.”
No Longer! I have just been liberated … I have just freed myself!