You Have Giant Target Painted On Your Back
When you see reports like this it only serves to emphasize the great disparity that exists. How have we created this type of society in the greatest nation on earth?
ONLY 39 PERCENT OF AMERICANS PAID FEDERAL TAXES IN 2020. I bet you that the number will be even lower for 2021.
Think about it. If less and less people are paying to take care of more and more people, won’t the amount of money those fewer taxpayers pay continue to increase in the future?
Do you realize you have a giant target painted on your back? The government will need more money in the future. Where will they get it? Won’t it be from the taxpayers?
Then, the government will reduce the purchasing power of the money after you pay that income tax. In essence Americans who pay income taxes will also pay a stealth tax or additional tax in the form of reduced purchasing power.
What are you doing to plan for such a major government transgression?
See more in this Think Advisor article, U.S. Households Paying No Income Tax Hit 61% of Total Last Year and this Market Watch article, Over 100 million U.S. households paid no federal income tax last year.
If you’re unable to retrieve these articles let us know and we’ll send you a copy. Call me and we will review your options.
