What is the Future of Marginal Tax Rates?
Do you understand the history of Marginal Tax Rates?
In the video below I cover the history of marginal tax rates.
Many people don’t understand just how high tax rates have been in the past and the fact that we might have much higher rates in the future.
When the Government spends money as they have been recently with the Covid 19 pandemic the money has to come from somewhere.
The only way for the Government to raise money is thru taxes and that means if they need more money they will eventually raise taxes.
Watch the video below to learn more about the history of Marginal Tax Rates and why now might be the optimum time to re-evaluate your retirement plan.
While there is nothing that we can do to change what the Marginal Tax rates will be in the future. What we can do is be aware that taxes will most likely go up in the future and plan accordingly for our retirement.
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