In this podcast, Ryan and Brad cover a recently released news article by the University of Pennsylvania’s Wharton School concluding that Government Must Raise Taxes by 40% Or Cut Spending by 30% To Achieve Fiscal Balance. While this information is not new to many of the CFT listeners it is going to destroy most Americans' Tax Deferred Retirement Planning. In this podcast, Brad will dive into why this spells big trouble for most American savers and Ryan will help you see exactly what you can DO about it (before it's too late).
- The Tax Liability that 71% of Americans have
- Why you are an asset on the IRS's balance sheet
- What putting money into a tax-deferred account like a 401k or IRA really means
- How you can not differ tax but eliminate it forever by following the tax code.
Article Referenced: https://www.dailywire.com/news/government-must-raise-taxes-40-or-cut-spending-30-to-achieve-fiscal-balance-study