{"id":474,"date":"2019-05-14T11:46:24","date_gmt":"2019-05-14T11:46:24","guid":{"rendered":"http:\/\/www.apisbull.com\/blog\/?p=474"},"modified":"2019-04-04T16:42:47","modified_gmt":"2019-04-04T16:42:47","slug":"ever-timed-the-market-wrong-how-about-your-taxes","status":"publish","type":"post","link":"https:\/\/www.apisbull.com\/blog\/?p=474","title":{"rendered":"Ever Timed the Market Wrong? How About Your Taxes?"},"content":{"rendered":"
***1. It takes perfectly good money and puts it into Wall Street<\/strong> (a wealth transfer vehicle). I\u2019ll let you guess what part of the trade you\u2019re on\u2026 Unless you work for Wall Street, you\u2019re not on the winning side of that plan.<\/p>\n

***2. It conditions people to accept a horrible, horrendous fate of working for 4 decades in order to enjoy their savings during their weakest years <\/strong>\u2013 years where they have no idea what their health will be like or if they\u2019ll even be alive.<\/p>\n

***3. It convinces people that they will pay lower taxes when they are older.<\/strong>\u00a0<\/strong><\/p>\n

This last one is the worst<\/strong>. I remember hearing this from a school counselor at 15 years old, and I couldn\u2019t believe it. To actually plan to be in the lowest tax bracket\u2026 Or as I saw it, a plan to be a low-income senior citizen… F that!<\/p>\n

Here\u2019s the real scam of the whole thing summed up in this chart.<\/strong><\/p>\n<\/div>\n

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Income taxes are the lowest they\u2019ve been in decades!<\/p>\n

And prior to the 1980s, you have to go back to 1931 to find them this low.<\/strong><\/p>\n

Here\u2019s another chart to reflect on, as CPAs and the conventional finance community recommend you \u201cavoid\u201d paying low taxes.<\/p>\n<\/div>\n

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They\u2019re trillion-dollar annual deficits, soon to be trillion-dollar interest payments.<\/strong><\/p>\n

We are less than a decade away from seeing the U.S. actually make trillion-dollar interest payments on the official national debt.<\/p>\n

Keep in mind that we don\u2019t account for our off-balance sheet items, like Social Security payments owed to 75 million baby boomers!<\/p>\n

$21 trillion<\/strong> is the number you hear about, but it\u2019s really closer to $200 trillion in total liabilities<\/strong>.<\/p>\n

The U.S. Federal Government revenues pay for our entitlement programs and the interest on the debt.<\/p>\n

All other programs<\/u>, from our military to our Congress, are paid for using borrowed money.<\/p>\n

This is completely unsustainable,<\/strong> and as I\u2019ve warned before, many of the socialist groups rising up are downright scary if and when they get in power.<\/p>\n

So the bottom line is your taxes are going UP in the late 2020s and by the end of the 2030s, we could be paying more than 50% of our income just to the Federal Government.<\/strong><\/p>\n

Now, consider the tax deduction from a 401(k), SEP-IRA or IRA, or any tax avoidance vehicle\u2026 WHY?<\/p>\n

Why avoid paying low taxes today to speculate on the future, when in all likelihood you\u2019ll be paying a much higher tax rate?<\/strong><\/p>\n

Imagine borrowing money from a bank and the banker telling you he\u2019ll decide what your interest rate will be in 20 years. You wouldn\u2019t take that deal in a million years.<\/p>\n