The average person has never been so poor. Millions of families are struggling financially as living expenses hit the highest levels in more than four decades. Over 60% of our country lives paycheck to paycheck and about 40% earns poverty wages. Even after working all their lives, more than a quarter of older people have no savings and many believe they will never be able to retire in dignity, while around 55% of elderly people try to survive on an income of less than 25,000 a year.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
@Satjr35031 if Dems were in power they'd simply let corporate rates expire while they will still feel pressure to extend at least some of the personal cuts.
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of
Alot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across Elizabeth. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any CFP for me or better still can I get on the phone with your CFP? I'm in dire need of proper portfolio allocation.
I've stuck with ‘Elizabeth Colleen Nurre” for some years now, and her performance has been consistently impressive. She’s quite known in her field, look her up
She is widely recognized for her competence and expertise in the financial market. She has a thorough understanding of portfolio diversification and is regarded as an authority in this field
Looks like she really knows her stuff. I also found her online page and read through her resume, educational background, qualifications and it was really impressive.
@@RXI63Definitely not for Republicans, who would all but openly celebrate the tsunami of dark money supporting their platform from all those executives who had untaxed "tips" to spare.
Yeah but the US gov is trying to bring in the foreign investor class that are getting the bulk of the returns. I thought we were being replaced but now I think we’re being out bid for our future.
Are you familiar with imperialism? That's what these payments fund in these countries. They fund rightist military groups who the CIA propped up to coup these countries and control them.
And the foreign aid. Seriously, we're dumping hundreds of billions into Ukraine and Israel while your average American is struggling to get by. I know it's politically impossible, but we need DEFLATION.
Since Biden took office, there seem to have been more unfavorable results in America. These results include effects on the markets, such as price declines and sharp increases in inflation, as well as bank failures. I wonder if the sudden increase in interest rates will help value investors or if it would be wiser to stay away from the stock and financial markets for the time being.
To "buy the dip" It will be profitable in the long run. However, investors should be wary of the bull run. It is advisable to connect with a skilled adviser to fulfill your growth objectives and prevent mistakes. High interest rates typically result in lower stock prices.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
Recently, I have been exploring the possibility of consulting with advisors. As a mature individual, I am in need of guidance, but I am curious to know how truly impactful their services can be?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Jessica Lee Horst” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I appreciate you sharing this. When I looked up the woman you named and read through her credentials, it was obvious that she was a complete professional. I just need her to respond to the message I wrote her.
Why is there no discussion on the ineffective spending of the government. If the government improved their spending then tax increase would be less a requirement. The US government is the most inefficient organization in the world.
Resilience and efficiency are competing interests. The bottom line of a government is continuity, not profit. If it ran like a for-profit there's a 90% chance of failure within 10 years, and then there will be even bigger problems negotiating with local gangs in the ensuing power vacuum of a failed state.
@@doujinflip That would be an interesting discussion. I see your view but I do not understand why continuity would conflict with more efficient operations. If we had better representatives (“Executives/Leaders” in for-profit terms) in government then the performance would improve and better operational decisions made. Granted, my background is in large for-profit business and my education is economics so I have a limited exposure with government organizations but, from the outside, the US government looks somewhat broken and getting worst in both parties.
The issue is that inefficiency is subjective. What is waste to one person is a necessity to another person. Even if it's something that that is nearly universally agreed to be unjustifiable like Medicare paying higher prices for prescription drugs than comparable private insurers, there will be people opposed to that because that waste is the reason they have a job. It's also a positive feedback loop because the government waste that is paying these people is also providing them the money that can be spent on lobbying to continue the waste. On the other hand, spending more money doesn't directly hurt any group (although we all pay for it in inflation) so it's much easier to accomplish politically. The real solution is to reduce the importance of money in politics, which would then allow economic decisions to be made based upon the number of citizens affected instead of the amount of campaign contributors affected.
Corruption from top to bottom. People max out their budgets so they can ask for an increased budget next year. I've seen it in offices and the government is no different. No one thinks of saving in fear of budget cuts for the following year.
We can afford no tax on tips. We can afford no tax on Social Security. We can afford no tax on overtime. What we can’t afford anymore is all this money that is being given to other countries that don’t give two craps about us. I would love to see a list of how much money how much money other countries sent to the United States to help us.
It's disheartening to think that our tax dollars are being spent on international interests instead of tackling our own nation's challenges, such as rising rents and stagnant wages, which are making it difficult for me to make ends meet. In fact, I've been forced to dip into my savings to keep up with the increasing costs. However, I'm determined to make the most of my situation and invest the remaining $100,000 in a non-retirement account to secure my financial future. Advice on how to grow this sum would be greatly appreciated, especially considering the current economic climate.
For the time being, I would stay away from index funds, mutual funds, and particular stocks. The best option available at the moment is a five percent fixed income. Set aside funds for when the market begins to recover significantly.
45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.
You should look up how much of our budget is actually spent on international interests vs domestic Also, wages aren't stagnant. And our govt spending overseas wouldn't change wages anyway
Glen Howard Chester my trusted CFA, is a prominent figure in finance. Just search the name to see his credentials and experience.He's a wealth of knowledge for navigating the financial landscape.
At some point the bills have to be paid. I don't think it's workable or practical, but taxes need to be RAISED, not lowered, if balanced budgets are to be achieved. Because in reality, NO ONE wants THEIR favorite programs cut.
Even the communist would think this is crazy. That is beyond communism, that is pure anti-economy, anti-nation. The American stock market will immediately crash, and all resource and talent will immediately migrate out of the U.S.
Yeah it's cute how inexpensive some voters believe durable institutions are. Remember that the bottom line of a government is continuity and not profit -- if government programs ran like a lean startup business, there's a 90% chance of failure within the next 10 years.
And that's achieved by smarter spending, which the government struggles to do. When you have high debt, you can either make more money or cut costs, or ideally do both. You don't just say, I guess I'll work more hours. That's stupid.
Why? It's not that complicated. It only takes me 30-45min to file fed and state income tax. I have hobby income, multiple 1099i, multiple w2, dividends, and capital gaines. I take standard deductions on the fed and itemize the state.
It's both. Trump cutting taxes on the rich but not reducing spending enough to compensate made the deficit MUCH worse during his term. Tax rates AND spending effect the end result (the deficit) and BOTH are therefore important. Sadly, the adults in the room AND those who elect them won't behave responsibly re taxes AND spending, to manage the budget responsibly.
@@rogergeyer9851 i respectfully disagree on tax rates, they haven’t proven that they will use it to cut the deficit. they’ll just spend more, bad habits. you know? sure it’s possible but unlikely
@@rogergeyer9851stop blaming trump Biden had one job when he took office keep doing what trump was doing but he thought he was smarter look where we are now.
You got a poor mindset bud, the whole reason the average person pays more is because they work for their money while the rich typically own a business and have people work for them
@@CL.Drumming Nope this is what both Red and Blues love. Every politician that wasn't part of the upper tax bracket leave office as multi-millionaires through inside trading, preferential stock, lucrative jobs for their family members for passing laws constructed by lawyers of corporation; all of which they made legal for only for themselves.
My taxes will go down because Donald J Trump will be president again and if I work overtime, I won't pay any taxes on it at all. I live in Florida so I already have no state income tax. Trump 2024!
For housing, why not limit corporations and wealthy investors from buying up multiple livable buildings? It's not specifically a supply issue. It's companies buying up the supply.
Harris plan on her website says she would restrict corporations and investors from buying them and cut bureaucratic red tape to make construction of a home and the process of owning a home easier
Too many party lobbyists who fill up congress’ pockets for them to pass that. BlackRock and Vanguard would not let that happen. Only a strong president could do anything about that, (that president would not be Harris btw)
These are the same people that lie and claim a tax cut that lets someone keep more of their own money is "theft" or "being subsidized" but a tax credit that gives someone more money than they pay in is (magically, I guess) "helping taxpayers".
It's not the concept of taxes I have a problem with. It's how that tax money gets allocated. If it went to actual useful public programs like infrastructure development, environmental initiatives or space exploration, I'd be all aboard. But instead it gets pumped into "defense" spending or lining the pockets of politicians.
Government has already demonstrated how horrible they are with other people's money by spending more and more inspite of record revenue growth every single year. No more tax increases and no more growth in spending. The government needs to cut all the fluff they spend on.
What a joke. In California our federal tax bill went up by 33% under Trump. If Harris gets in…fully expect tax bill to go up another 33%. In addition to 15% state tax and 10% sales tax and crappy services.
So MOVE to an area with moderate cost of living AND taxes. Like a red flyover state, for example. Unless you make over $400K, your federal income taxes shouldn't rise under Harris. If you do, boo hoo for you.
It was likely not that your federal taxes went up, so much as the extortionate california state taxes that you were able to deduct was capped. Regardless, the point is to destroy us all so people will forfeit Citizenship and willingly become dependent subjects and slaves to government masters.
A national sales tax in conjunction with a lower income tax is a great idea. With 25 plus million illegals living here with little tax liability, it would help generate needed income
And Trump doesn’t have a plan either. He just throws ideas against a wall and hopes they stick, instead of listening to the economists that were in his cabinet.
I pray for the downfall of Pamala Harris campaign for presidency. We cannot withstand another 4 years of this "Administration". It's time to let the adults back in control.
Companies being relied on by the us government to regiment the population since the start yo Can't just live off the land if you have to pay taxes, gotta go get one of them jobs Doesn't matter what country, you're born in a labor camp
The problem with Trump's policy is that in theory, he thinks he is reducing the deficit by tariffs but in fact, will cause more taxes on consumers. So the lower taxes are not necessarily transparent but more mascarade
I hate jobs, jobs are slavery and corporations are the masters, if monopolies didn’t exist a lot more people could own a business instead of working for peanuts for some evil corporation
Tariffs are not a tax on consumers, it's a bargaining chip to allow American goods to be sold freely in other places like they are allowed to be sold here. China restricts American goods that can be bought.
@@real-ishstraighttruthnocha1687unrealistic bargaining chip, solely based on cost of our goods compared to China. The tariffs would have to be insanely high to make US goods cheaper. We have companies already offshoring factories to Mexico just across the border just to try and beat Chinese prices over the last 10 years and they still have to be subsidized to compete. Even putting that aside, it absolutely is a tax on consumers because the goods the tariff want you to buy are american.
@@real-ishstraighttruthnocha1687what products do you buy that are American based. Say you support black owned businesses that need to make their products up of foreign goods? How does that not increase consumer prices.
@@DaNewWaveLee Tariffs will increase consumer good prices as businesses pass those costs on to us. The whole purpose is to get other countries to drop their tariffs on us. China has tariffs on most American goods, per Tax Foundation. Trump believes in fair trade, not just letting people run tariffs on us while we just take it. The most important thing is to get American products into other countries like they want to push their stuff on us. Fair is fair. If American products are so bad, China shouldn't be selling their stuff here. I agree with this philosophy. We need to get export revenue as much as possible. If other countries don't want to let our goods be available in their markets, why do we let them sell their wares here?
I feel sympathy for our country, low income people are now suffering to survive yet inflation and recession keep increasing daily, many families can't even enhance the good cost of living anymore. You've helped me a lot Sir Brian! Imagine I invested $50,000 and received $190,500 after 14 days
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
There is no such thing as taxing a corporation. The corporation is not a human being, it is a business entity. The corporation passes the cost of tax increases to the customer by raising the price of the goods they sell, so the consumer is the one paying that tax. Therefore corporate taxes are inflationary and bad. Are you actually talking about taxing the managers? If your real concern is the CEO/CFO etc., because they are making $10 million dollars per year while you are in the warehouse making $12/hour then that is a whole other conversation. But if you want to take part in sharing the profit of a corporation you can! All you have to do is buy the company stock and you will receive the same profits the owners are receiving through appreciation and dividends. That is how all owners of corporations take the profits. In a public company the owners are the shareholders.
Do you think by increasing corporation tax you'll get a fair share? News flash , CEOs and higher execs are getting the same bonuses or more regardless of what corporates pay in tax. They're going to need to make cuts somewhere so that the CEO gets his bonuses and guess who's salaries are getting cut LOL.
They’re not hoarding the money they make; it all gets reinvested or it loses value due to inflation. When money is reinvested, it improves efficiency, lowers prices for everyone, or creates more jobs. Would you rather invest in a company like Apple, which drives innovation, or trust the government to handle that investment?
@@WonToTweeTwo words: Stock Buybacks. Thats not innovation investment, cost reductions or anything else. That is increasing stock price which disproportionately helps those who own stock which is overwhelmingly the richest Americans.
@@WonToTwee Apple the GREAT INNOVATOR! They've removed features from their products to force consumers to pay for those features....stop choking on the corporate boot
@@doujinflip And working 30-year-olds, and working 40-year-olds, and working 50-year-olds, and working 60-year-olds and working 70-year-olds. And probably a few that are 80 and trying survive this miserable economy brought to us by Biden and Harris and their lack of intelligent leadership.
@@Satjr35031 Most people retiring now have some sort of pension from their previous job or if they work for the public sector, then they have pensions as well so if their combined income is below $25,000, benefits are not taxed. If it’s between $25,000 and $34,000, up to 50% of those benefits may be taxable. No one can afford to live at their primary residence with just SS benefits dude, especially not with property taxes reassessments to market value every year along with the insurance rate hikes.
Social Security payments are taxed IF there is other income. So let's say a person gets their Social Security payment but is still working FULL TIME JOB, they will have to pay Federal taxes on everything. Not sure why it is that way
This hugely underestimates the effect of the TCJA (Trump's tax cuts) on family taxes for people with 3 or more children. The effect on your taxes from just one more child wiped out $2000 in tax liability because of a doubling of the child tax credit. It was the most pro-family/pro-child thing done in a long time. Most child directed actions in legislation are not family oriented, but this was. A huge victory and it should not be minimized.
So, cutting taxes do not do anything for the economy, as they said, BUT, paying every illegal free money, free food, free housing and now giving the illegals EXTRA money for them to purchase housing is OK for the economy? Make that make sense.
Ordinary Americans pay VERY little federal income tax. Like the bottom 50 percent of earners paying about 2.3 percent of the taxes. Wake up! Source: Tax Foundation. (Google is your friend).
@@rogergeyer9851 They pay a little relative to the total amount payed. But 100 dollars to someone making 20 dollars an hour is worth a lot more than 5,000 to a millionaire.
You can't spell burden. Also, if you won't work at all, then unless you're totally disabled or very mentally handicapped, if you won't work, you shouldn't EAT. (Unless you have saved and invested your way to financial independence by a career of hard work (and income taxes paid on that work already).
Taxes: We can't afford the cost of living after paying them and we don't get nearly enough in services for how much we pay. Bring the cost of living down, pay us more, lower taxes, or give us universal Healthcare. If you aren't prepared to do any of those then shove off
The thing that always urks me is universal healthcare would be cheaper. We spend the highest per civilian on healthcare in the world, more than any other country with socialized medicine. It’s about lobbying not cost.
@@shawyonsharifi3394 Universal healthcare ends up saving the country money, that's a universally agreed solution actually. There are so much inefficiency in the current system. Hospitals, insurance companies, all have too much administrative costs. On the other hand free college is stupid, what is not stupid is free schooling beyond high school. Things like technical school. We need skilled labor not more college grads. Things like mechanics, plumbers, electricians. These will all help the country as they serve both as jobs and as necessity.
So pretend that universal healthcare is magically free of cost. /s That will work GREAT. I can't believe how much INFANTILE commenting (and whining) goes on re the reality of government and taxes.
@@poochyenarulez Therefore go ahead and YOLO the ones that are... OP's comment was perfectly reasonable. There are too many people that think government exists to enable them to live life on easy mode.
@@poochyenarulez That would be fine were it not for the fact that most governments in the world get money by taking it from people that earned it and those people tend to not approve of having something they worked for confiscated to give it to someone who didn't. Governments exist to protect your rights. Life. Liberty. Pursuit vs entitlement of happiness. You know, your real, fundamental, rights. An easy life is not a right.
If you commit credit fraud targeting an adult, you’re called a criminal. But if you commit credit fraud targeting unborn children, your called a politician.
LOL! Let that terrible bill expire! You just nailed it...average person received $900 in tax savings....meanwhile the rich saved $61K!!! This was a terrible bill. Nice try CNBC...your taxes are going up!!!
It’s all based on percentages if you was a top earner you realize they are paying out more than a third of their earnings to taxes. So every dollar earned they have to pay close to 40 cents and only keep 60 while most people in middle class only pay 18 cents averaged on the dollar. So yeah they get to save more when they throw numbers out like that but in reality they got the same percentage of saving as the rest in perspective of percentage given back. These news medias are terrible as they love to show figures without truly diving into the details.
We don’t have income problem. We have spending problem. Our government gave away $61B to other countries as “foreign aid” in 2023. This includes countries like Japan, Germany, Syria and Afghanistan. Why?
Since our entire value system is make believe, there’s no reason we can’t just make the value we need out of thin air. We’ve been doing it by printing unlimited money so why not do it for everyone
@@rogergeyer9851 Why are you saying boo hoo to a man who wants more of his labor earnings to himself? I guess you like it when big daddy gov runs his hands in your pants.
At least try to reduce the military spending before you try to tackle the tax system. Stop sending money to Ukraine and Israel. Why are we sending our hard earned money to other countries? We need our money to start paying off our debt and building America up. I don’t want a $900 reduction when the top 1% get $61,000 reduction on their taxes, it makes absolutely no sense. Why give the top 1% more money when those in the lower income tax brackets already face more challenges and burdens already? Expecting them to pay more tax is literally backwards.
In the real world, the top income percentiles pay a MASSIVE proportion of the US federal income taxes. The whole bottom half of earners pay ONLY 2.3 percent of those taxes, per the tax foundation.
One thing that would help wasting money on child tax credits would be teaching people to not have children if they can't afford them and stop having them out of wedlock. There's so much welfare abuse that's not reported or adjudicated as it is
@@drscopeify Self employed people pay the "real" tax rate. When you add 15% for FICA plus state and federal taxes the total burden is stunningly high, even for people with normal incomes.
@@WillieFungo If you are paying the self-employed tax rate for your entire income, then you should consider restructuring your business. S corporations are great because they cap the amount of taxable self-employment income and categorize the rest of income as lower-tax capital gains. I have a lower tax burden on the income from my S corp. than if I was working for someone else at the same gross income - even after you consider that I have to pay the double-rate for the Medicare and SS taxes on my "salary".
We pay taxes when we get our paycheck, grocery stores, restaurants, gas pumps, electric and gas, water Mortgage, and the interest rates on credit cards anything we buy more and more taxes it’s ridiculous
That Trump 12K minimum standard deduction was huge for middle class and made taxes so easy. So helpful for seniors and blue collar the last few years with the worst inflation in our history.
@justhomas83 oh id go way further but id hope we could try to push at least some of this hard. Social security is a big ask but i dont see why a grass root movement couldn't lay it out that we wont vote for anyone that wont remove taxes on overtime, or hell at least make it so it can't effect your tax bracket.
It’s quite simple they should just have property tax at about 5% or whatever is necessary and get rid of everything else why do they have to make it complicated
@raudelulloa2597 From a philosophical perspective i think a tax on the pre development value of land and on emissions are really the only justifiable taxes but that will never happen and those taxes could only be justified as being fairly small.
fun fact the 2017 tax cuts wont actually expire in 2025, only the income tax will expire in 2025, coorporate tax which is what the vast majority of wealthy people spend was continued indefinately. Interesting how that works, temporary tax cuts for poor individuals, permanant tax cuts for wealthy coorporations
I knew this guy was full of 💩 when he said "in the short run we can borrow" NO! STOP BORROWING AND SPENDING MONEY YOU DONT HAVE. borrowing money is spending money you dont have
I reached $250,000 in investment, it took me 2 years, last month I received $30,000 just in dividends. Only with believers. This month it will be $40,000 and so on, in the next few years it will be $500 million a year just in Bitcoin ETFs and other dividend income. What I took 2 years to invest, I had in 1 year.
I'm 52 years old. I reached my first 100 thousand dollars in just 3 months. Empecé with 20 thousand dollars investing in Bitcoin ETF and other dividend income. My objective in the meantime is to reach a million dollars before I turn 55 years old.
OBVIOUS, inverting is not for everyone, friend, you are not under the illusion that you live that something is for everyone. The interest in these investments represents a micropercentage of the population; If you think about crypto, then you are a better subniche. Earned 2 million dollars in 2 years by investing in crypto assets.
The guy is saying the 1% disproportionately saved more and using a dollar figure is ignorant. You need to know the percentage of their income and if they're equal or not. Obviously somebody who earns more is going to save more on taxes.
99% of people aren’t capable of understanding what our tax dollar does for us. Things you’ve never seen or heard of are being built and performed all around us in order to provide the lives we lead. So when asked if we are taxed too much or are we being represented, of course people are going to say the most negative response. I’m thankful for our system, and I’ll work to fix the flaws within it.
Oh there u aaaare How are u gonna fix it? 😂😂 By taking less welfare? Based on your comments u r more of a Russian bot bringing that Russian system of thinking to us here, that the government will take care of us Interesting 🤔🤭
All you have to do is look at the federal budget. Around half the spending goes to retirement and healthcare services. Clearly the federal government is not good at dealing with those problems so they need new solutions. You could eliminate those two areas overnight, the federal budget would immediately go into a surplus, you could cut taxes, and 99% of what people think of as "government" would continue to function as it does today.
People forget social security isnt just spending it is the largest source of funding for the government. 35% of the revenue for 2024 is due to social security tax. The government isn't just throwing money at old people, it took it from them to fund themselves and is now returning a much smaller percentage with basically no interest.@@BTrain-is8ch What are you proposing? That we get taxed social security but then never see any of the money when we retire or just not be taxed at all creating an even greater deficit??
Doesn't seem to make sense to talk about reducing taxes if we aren't willing to reduce what we spend on defense spending, which has grown to over 50% of the federal budget.
National defense was 13% of the budget and if you add on Veterans Benefits and Services which was 5%, it's 18% total. Social security was the largest percentage spending at 22% and in second place was interest on debt we owe, eating up 14% of our budget, over 760 Billion dollars. We have so much debt, paying it off is now the second largest spending by category. This is all public and available for you at fiscaldata treasury.
I pay over 100$ in taxes weekly. The biggest problem is that if you're not making a $1,500 net worth a week. You're basically living paycheck to paycheck.
Only 1/3rd of us actually pay taxes without refunds..... the rest of you want us to pay more while you pay nothing. If you don't own land or actually pay taxes then you shouldn't be able to vote
We've successfully fear-baited ourselves into believing that any reduction in military spending will result in an immediate invasion of the US lol I can't see any politician successfully campaigning on the platform of reduced military spending. It'd be too easy for the opposition to spin into a negative. But yes, reducing our military spending could allow us to address key issues without increasing taxes at all
Better idea, keep military spending, and cut welfare by half. Welfare is already twice what military spending is, so there is a lot more to save there. And it's incredibly fraud filled, so most people benefiting from it shouldn't be.
The bigger issue is healthcare and social security for an aging population without a strong supporting population to fund it. Around 40% of all spending is in those two things. It dwarfs all other spending by a significant amount. So either we spend less on an aging population for find a way to bring in more revenue.
“Cost the federal government”. I stopped listening after that framing. Tax cuts do not “cost the government” they allow Americans to keep their hard earned wages.
The average person has never been so poor. Millions of families are struggling financially as living expenses hit the highest levels in more than four decades. Over 60% of our country lives paycheck to paycheck and about 40% earns poverty wages. Even after working all their lives, more than a quarter of older people have no savings and many believe they will never be able to retire in dignity, while around 55% of elderly people try to survive on an income of less than 25,000 a year.
Biden is worst thing that happened to us
TRUMP 2024
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Fantastic! Can you share more details?
was guided tho..Julia Hope Marble. walked me through the ropes majestically i'ts my ultimate pleasure.
If congress does not do their job, then it does not matter what Harris and Trump want to do!
Finally someone that understands how our constitution works
Ask yourself why did Trump get his corporate tax cut permanent and yours temporary
I was ready to say almost exactly the same thing. 😅🎉
that's what i been saying all if congress don't do their job what's the point of a president
@Satjr35031 if Dems were in power they'd simply let corporate rates expire while they will still feel pressure to extend at least some of the personal cuts.
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of
Alot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across Elizabeth. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any CFP for me or better still can I get on the phone with your CFP? I'm in dire need of proper portfolio allocation.
I've stuck with ‘Elizabeth Colleen Nurre” for some years now, and her performance has been consistently impressive. She’s quite known in her field, look her up
She is widely recognized for her competence and expertise in the financial market. She has a thorough understanding of portfolio diversification and is regarded as an authority in this field
Looks like she really knows her stuff. I also found her online page and read through her resume, educational background, qualifications and it was really impressive.
If they get rid of taxes on tips, we're gonna start seeing a lot of CEO compensation packages be labeled as "tips"
That’s where Harris’ plan is smarter, it’s more targeted to ensure it only benefits the people who are actually tip-based earners.
@ryryelmdweller so vote for harris?
@@RXI63Definitely not for Republicans, who would all but openly celebrate the tsunami of dark money supporting their platform from all those executives who had untaxed "tips" to spare.
@@RXI63 not if they are willing to tax unrealized assets. What they need to do is tax Loans on unrealized gains instead.
Not how it works. Just admit you want to keep the poor, poor.
stop stealing our money!
They think we are slaves so stop being a slave and quit paying taxes to them
Need to reduce government spending, problem solved
Or need to raise taxes on EVERYONE. Or both.
The problem is solvable, but both voters and politicians don't WANT to solve it.
@@rogergeyer9851Then you give them all of your money. Problem solved. Gtfoh.
the military is where the waste is.
Yes; reduce government by 90%
Cut the overseas handouts.
Stop giving free money to non citizens.
AGREE
Yeah but the US gov is trying to bring in the foreign investor class that are getting the bulk of the returns. I thought we were being replaced but now I think we’re being out bid for our future.
Are you familiar with imperialism? That's what these payments fund in these countries. They fund rightist military groups who the CIA propped up to coup these countries and control them.
And the foreign aid. Seriously, we're dumping hundreds of billions into Ukraine and Israel while your average American is struggling to get by. I know it's politically impossible, but we need DEFLATION.
🎯
Since Biden took office, there seem to have been more unfavorable results in America. These results include effects on the markets, such as price declines and sharp increases in inflation, as well as bank failures. I wonder if the sudden increase in interest rates will help value investors or if it would be wiser to stay away from the stock and financial markets for the time being.
To "buy the dip" It will be profitable in the long run. However, investors should be wary of the bull run. It is advisable to connect with a skilled adviser to fulfill your growth objectives and prevent mistakes. High interest rates typically result in lower stock prices.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
Recently, I have been exploring the possibility of consulting with advisors. As a mature individual, I am in need of guidance, but I am curious to know how truly impactful their services can be?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Jessica Lee Horst” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I appreciate you sharing this. When I looked up the woman you named and read through her credentials, it was obvious that she was a complete professional. I just need her to respond to the message I wrote her.
Why is there no discussion on the ineffective spending of the government. If the government improved their spending then tax increase would be less a requirement. The US government is the most inefficient organization in the world.
Resilience and efficiency are competing interests. The bottom line of a government is continuity, not profit. If it ran like a for-profit there's a 90% chance of failure within 10 years, and then there will be even bigger problems negotiating with local gangs in the ensuing power vacuum of a failed state.
@@doujinflip That would be an interesting discussion. I see your view but I do not understand why continuity would conflict with more efficient operations. If we had better representatives (“Executives/Leaders” in for-profit terms) in government then the performance would improve and better operational decisions made. Granted, my background is in large for-profit business and my education is economics so I have a limited exposure with government organizations but, from the outside, the US government looks somewhat broken and getting worst in both parties.
The issue is that inefficiency is subjective. What is waste to one person is a necessity to another person.
Even if it's something that that is nearly universally agreed to be unjustifiable like Medicare paying higher prices for prescription drugs than comparable private insurers, there will be people opposed to that because that waste is the reason they have a job. It's also a positive feedback loop because the government waste that is paying these people is also providing them the money that can be spent on lobbying to continue the waste.
On the other hand, spending more money doesn't directly hurt any group (although we all pay for it in inflation) so it's much easier to accomplish politically. The real solution is to reduce the importance of money in politics, which would then allow economic decisions to be made based upon the number of citizens affected instead of the amount of campaign contributors affected.
Corruption from top to bottom. People max out their budgets so they can ask for an increased budget next year. I've seen it in offices and the government is no different. No one thinks of saving in fear of budget cuts for the following year.
Exactly
We can afford no tax on tips.
We can afford no tax on Social Security.
We can afford no tax on overtime.
What we can’t afford anymore is all this money that is being given to other countries that don’t give two craps about us. I would love to see a list of how much money how much money other countries sent to the United States to help us.
It's disheartening to think that our tax dollars are being spent on international interests instead of tackling our own nation's challenges, such as rising rents and stagnant wages, which are making it difficult for me to make ends meet. In fact, I've been forced to dip into my savings to keep up with the increasing costs. However, I'm determined to make the most of my situation and invest the remaining $100,000 in a non-retirement account to secure my financial future. Advice on how to grow this sum would be greatly appreciated, especially considering the current economic climate.
For the time being, I would stay away from index funds, mutual funds, and particular stocks. The best option available at the moment is a five percent fixed income. Set aside funds for when the market begins to recover significantly.
45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.
Who's your advisor? How can I reach them?
You should look up how much of our budget is actually spent on international interests vs domestic
Also, wages aren't stagnant. And our govt spending overseas wouldn't change wages anyway
Glen Howard Chester my trusted CFA, is a prominent figure in finance. Just search the name to see his credentials and experience.He's a wealth of knowledge for navigating the financial landscape.
Unrealized gains to be taxed? That's crazy
It's insane. If they do it -- will give give REFUNDS when you have unrealized losses? Of course not.
At some point the bills have to be paid.
I don't think it's workable or practical, but taxes need to be RAISED, not lowered, if balanced budgets are to be achieved. Because in reality, NO ONE wants THEIR favorite programs cut.
if they ever do that im leaving this country
Even the communist would think this is crazy. That is beyond communism, that is pure anti-economy, anti-nation. The American stock market will immediately crash, and all resource and talent will immediately migrate out of the U.S.
@@rogergeyer9851if you want taxes be raised means you don’t pay enough taxes. Go get work and stop asking for other people’s money
Everyone wants a balanced budget and lower debt…..as long as it does not affect their livelihood at all.
Yeah it's cute how inexpensive some voters believe durable institutions are. Remember that the bottom line of a government is continuity and not profit -- if government programs ran like a lean startup business, there's a 90% chance of failure within the next 10 years.
Well it's reasonable to expect that you can't have both.
And that's achieved by smarter spending, which the government struggles to do. When you have high debt, you can either make more money or cut costs, or ideally do both. You don't just say, I guess I'll work more hours. That's stupid.
And everyone has a different definition of what is a "good" spending vs a "bad" spending
I'm willing to suffer a little for a few years so the deficit can be lowered.
The fact that I need to take a college course to understand how to file my tax return is bull sprinkles.
😂😂
love the “bull sprinkles” description very apt and funny
Why? It's not that complicated. It only takes me 30-45min to file fed and state income tax. I have hobby income, multiple 1099i, multiple w2, dividends, and capital gaines. I take standard deductions on the fed and itemize the state.
@@thedude5040 HARRIS WANTS YOUR 1099I AND DIVIDENDS IN HER POCKET
SORRY DUDE!
@@ekop1778 proof?
@@ekop1778 look, do you even know how someone earns dividends?
raising taxes and giving the govt a larger budget is not the answer. for the govt, it’s not an income problem, it’s a spending problem.
Bingo! 🎯
Yeah that makes sense.
It's both. Trump cutting taxes on the rich but not reducing spending enough to compensate made the deficit MUCH worse during his term.
Tax rates AND spending effect the end result (the deficit) and BOTH are therefore important. Sadly, the adults in the room AND those who elect them won't behave responsibly re taxes AND spending, to manage the budget responsibly.
@@rogergeyer9851 i respectfully disagree on tax rates, they haven’t proven that they will use it to cut the deficit. they’ll just spend more, bad habits. you know? sure it’s possible but unlikely
@@rogergeyer9851stop blaming trump Biden had one job when he took office keep doing what trump was doing but he thought he was smarter look where we are now.
Stop sending money to Ukraine & Israel. That will start flling the budget gap
You are clueless
@@Satjr35031 If America is in more debt than any other country. AKA BROKE why are we sending money elsewhere?? Id like to know your credit score
Then enlightened us. Because I'm clueless too according to you.
@@akbarca SS pays out $108 billion a month Do you really think the $83 billion we gave would make that much of a difference
@@voidmayonnaiseare you a bot? Your logic only makes sense to Europeans.
Taxes will go up for average American while rich get tax cut even though their wealth increased.
This is what the red loves
Under 45 it did and will again!
You got a poor mindset bud, the whole reason the average person pays more is because they work for their money while the rich typically own a business and have people work for them
@@CL.Drumming Nope this is what both Red and Blues love. Every politician that wasn't part of the upper tax bracket leave office as multi-millionaires through inside trading, preferential stock, lucrative jobs for their family members for passing laws constructed by lawyers of corporation; all of which they made legal for only for themselves.
The fact is the federal government has a spending problem but was dismissed in this video.
My taxes will go down because Donald J Trump will be president again and if I work overtime, I won't pay any taxes on it at all. I live in Florida so I already have no state income tax. Trump 2024!
You can cut taxes and have no penalty by simply cutting some of the ridiculous social programs and governmental give aways of tax dollars.
If tips become tax-free, I'm switching careers and becoming a male adult entertainer.
cash tips were realistically always tax free
HEY THATS LIKE 500 A NIGHT, NOT BAD
Those tips are normally in cash… do it.
Do it now! In this economy I do not blame or shame anyone for making money legally.
😂😂😂
If 25k tax credit is implemented, the housing prices will just add $25k more to what actually it costs. Just look at what happened to EV Tax credits!
For housing, why not limit corporations and wealthy investors from buying up multiple livable buildings? It's not specifically a supply issue. It's companies buying up the supply.
Exactly
Less than 5% of single family homes are owned by corporations and wealthy investors. If you want to increase supply you build more houses
Harris plan on her website says she would restrict corporations and investors from buying them and cut bureaucratic red tape to make construction of a home and the process of owning a home easier
Too many party lobbyists who fill up congress’ pockets for them to pass that. BlackRock and Vanguard would not let that happen. Only a strong president could do anything about that, (that president would not be Harris btw)
@@joe9634linclude those which multiple homes/ rental properties and that number shoots to over 50%.
Wake up America! None of the politicians ever did or ever will care about you. We're on our own.
Facts
Nice try Russian bot.
@@Dumbledore6969x
If they are Russian, it's sad they see the reality and you don't
@@D_LEGEND another Russia bot here to defend the first
@@Dumbledore6969x hahahah u r so limited 🙂😘
Did he really say that letting us keep more of our money mean a lower standard of living? 😂😅
EVIL corrupt Fake News Media!
Yeah, can you believe that? He must be fun at family events.
These are the same people that lie and claim a tax cut that lets someone keep more of their own money is "theft" or "being subsidized" but a tax credit that gives someone more money than they pay in is (magically, I guess) "helping taxpayers".
It's not the concept of taxes I have a problem with. It's how that tax money gets allocated. If it went to actual useful public programs like infrastructure development, environmental initiatives or space exploration, I'd be all aboard. But instead it gets pumped into "defense" spending or lining the pockets of politicians.
Same. I don't mind paying high taxes if it means I get decent social services from it like you mentioned.
Or just sent to foreign countries. Try to name a single country that we don't send money to. And if you think "Russia" I'd bet you you're wrong.
You have a point, but space exploration has a lot to do with defending spend..
I actually feel the same way !
yeah, we need an easy way to trace money through the government, not just "oops it disappeared"
Income tax makes no sense when we face capital gains, property, and sales taxes. Not counting the additional taxes like the gas tax.
Government has already demonstrated how horrible they are with other people's money by spending more and more inspite of record revenue growth every single year. No more tax increases and no more growth in spending. The government needs to cut all the fluff they spend on.
We must raise taxes on the middle class in order to provide more resources for illegal immigrants.
What a joke. In California our federal tax bill went up by 33% under Trump. If Harris gets in…fully expect tax bill to go up another 33%. In addition to 15% state tax and 10% sales tax and crappy services.
So MOVE to an area with moderate cost of living AND taxes. Like a red flyover state, for example.
Unless you make over $400K, your federal income taxes shouldn't rise under Harris. If you do, boo hoo for you.
@@rogergeyer9851 Won't help if they keep voting Democrat.
Federal taxes are not dependent on the state - unless you're figuring in the SALT cap.
It was likely not that your federal taxes went up, so much as the extortionate california state taxes that you were able to deduct was capped. Regardless, the point is to destroy us all so people will forfeit Citizenship and willingly become dependent subjects and slaves to government masters.
So if Trump/ GOP 2017 tax bill expires, taxes will go up for about 62% of Americans, while still dealing with inflation.
Sure, but they will only go up about $75 a month.
Your tax bill will go up $5,000 to $10,000 depending on your income
@@lawrencecarter4908and that can mean a lot to working / middle class.
@@lawrencecarter4908 nice random number to throw out.? How you come up with it.
@@lawrencecarter4908 Bs it’s going to go up much higher .
A national sales tax in conjunction with a lower income tax is a great idea. With 25 plus million illegals living here with little tax liability, it would help generate needed income
I love how they have to just wildly speculate about Harris' "plan" because she doesn't actually have one.
And Trump doesn’t have a plan either. He just throws ideas against a wall and hopes they stick, instead of listening to the economists that were in his cabinet.
I pray for the downfall of Pamala Harris campaign for presidency. We cannot withstand another 4 years of this "Administration". It's time to let the adults back in control.
She does though. Sit down please
And I'm not a fan, but I'd rather democracy
I guess that's true if you don't or can't read.
"We dont love corporations. We love jobs...." Sure, bud.
Still trying to find the “jobs” part of the TCJA. Every place is hiring but nobody’s getting hired. So I don’t know.
Well who exactly is providing those jobs? Lmao rhetorical question
Companies being relied on by the us government to regiment the population since the start yo
Can't just live off the land if you have to pay taxes, gotta go get one of them jobs
Doesn't matter what country, you're born in a labor camp
The problem with Trump's policy is that in theory, he thinks he is reducing the deficit by tariffs but in fact, will cause more taxes on consumers. So the lower taxes are not necessarily transparent but more mascarade
I hate jobs, jobs are slavery and corporations are the masters, if monopolies didn’t exist a lot more people could own a business instead of working for peanuts for some evil corporation
Taxing unrealized gains will affect the poor and Middle class too. This is awful.
how about quit sending my money to other countries
I am being killed by taxes and I get nothing back in services. Stop spending and printing funny money.
No, the mismanagement of the budget is the problem. Not taxes stolen from my paycheck.
CUT GOVERNMENT SPENDING, GET RID OF THE DEFICITS.
1000 billionaires in the US isn’t going to pay enough taxes to make a difference
Billions sent to Ukraine and Israel. Let’s not forget that our country is putting others ahead of US citizens
It's cool how you just completely made this up lol
@@jsebby2284how did he make it up when it’s a known fact you can google?
@@SaLvAdOriaN127 he edited his comment. Even still - it's wrong. We obviously put US citizens ahead of others
@@jsebby2284 You are so dumb you need to be held accountable.
@@jsebby2284he didn’t make that up lmao. You need help, man. We dump more money controlling other countries than we do taking care of our own people.
When they give away billions and billions of taxpayer dollars to people who enter the country illegally, someone has to pay for that.
Rosenthal: We tax relatively lightly.
LOL WHAT!!! 24% federal + state + sales tax + local taxes
So essentially go woke then go broke= Harris…. Vote Trump Trump Trump 2024 Baby!!
Tariffs are taxes on consumers not producers.
Tariffs are not a tax on consumers, it's a bargaining chip to allow American goods to be sold freely in other places like they are allowed to be sold here. China restricts American goods that can be bought.
@@real-ishstraighttruthnocha1687unrealistic bargaining chip, solely based on cost of our goods compared to China. The tariffs would have to be insanely high to make US goods cheaper. We have companies already offshoring factories to Mexico just across the border just to try and beat Chinese prices over the last 10 years and they still have to be subsidized to compete.
Even putting that aside, it absolutely is a tax on consumers because the goods the tariff want you to buy are american.
@@real-ishstraighttruthnocha1687what products do you buy that are American based. Say you support black owned businesses that need to make their products up of foreign goods? How does that not increase consumer prices.
Bingo
@@DaNewWaveLee Tariffs will increase consumer good prices as businesses pass those costs on to us. The whole purpose is to get other countries to drop their tariffs on us. China has tariffs on most American goods, per Tax Foundation. Trump believes in fair trade, not just letting people run tariffs on us while we just take it.
The most important thing is to get American products into other countries like they want to push their stuff on us. Fair is fair. If American products are so bad, China shouldn't be selling their stuff here. I agree with this philosophy. We need to get export revenue as much as possible. If other countries don't want to let our goods be available in their markets, why do we let them sell their wares here?
The background music gives me anxiety… please stop ruining your documentaries with this
I agree. It’s extremely irritating.
Pretty sure that’s on purpose.
What if we quit screwing with tax rates, leave them just as they are, and then cut spending?? Did anyone think of that?
The right choice of an investment has always been a big problem for me I know picking a wrong investment will leave a big scar in the future
I feel sympathy for our country, low income people are now suffering to survive yet inflation and recession keep increasing daily, many families can't even enhance the good cost of living anymore. You've helped me a lot Sir Brian! Imagine I invested $50,000 and received $190,500 after 14 days
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
The company I work for made record profits last year, and gave me (and my colleagues) no share in that. Tax corporations more.
There is no such thing as taxing a corporation. The corporation is not a human being, it is a business entity. The corporation passes the cost of tax increases to the customer by raising the price of the goods they sell, so the consumer is the one paying that tax. Therefore corporate taxes are inflationary and bad. Are you actually talking about taxing the managers? If your real concern is the CEO/CFO etc., because they are making $10 million dollars per year while you are in the warehouse making $12/hour then that is a whole other conversation. But if you want to take part in sharing the profit of a corporation you can! All you have to do is buy the company stock and you will receive the same profits the owners are receiving through appreciation and dividends. That is how all owners of corporations take the profits. In a public company the owners are the shareholders.
Do you think by increasing corporation tax you'll get a fair share? News flash , CEOs and higher execs are getting the same bonuses or more regardless of what corporates pay in tax. They're going to need to make cuts somewhere so that the CEO gets his bonuses and guess who's salaries are getting cut LOL.
So you want to lose your job entirely? Because raising corporate taxes will have you on the unemployment line.
@@letsgobrandon416 If Amazon had to pay taxes, you think they'd just shut down shop? lol
@@ryanward9625 Amazon doesn't have to pay taxes?
"we didn't cut taxes to help the giant corporations. We did it to create jobs" - My eyes can't roll back further
Corporate goon says it with a snake oil salesman smile.
They’re not hoarding the money they make; it all gets reinvested or it loses value due to inflation. When money is reinvested, it improves efficiency, lowers prices for everyone, or creates more jobs. Would you rather invest in a company like Apple, which drives innovation, or trust the government to handle that investment?
@@WonToTweeTwo words: Stock Buybacks.
Thats not innovation investment, cost reductions or anything else. That is increasing stock price which disproportionately helps those who own stock which is overwhelmingly the richest Americans.
@@Bonifeks51 Stock buy backs helps every American who has a 401(k).
@@WonToTwee Apple the GREAT INNOVATOR! They've removed features from their products to force consumers to pay for those features....stop choking on the corporate boot
15% flat tax bottom line. Anyone over 65 - 0%. Ban unhealthy items from purchase with food stamps.
Perfect.
I don’t understand how income that comes from taxes(Social Security) is taxed. That makes no sense.
Money changing hands is taxable. SS recipients get their checks funded by today's working youth.
SS is not taxed if that’s your only income. Regardless of how much you receive.
@@doujinflip And working 30-year-olds, and working 40-year-olds, and working 50-year-olds, and working 60-year-olds and working 70-year-olds. And probably a few that are 80 and trying survive this miserable economy brought to us by Biden and Harris and their lack of intelligent leadership.
@@Satjr35031 Most people retiring now have some sort of pension from their previous job or if they work for the public sector, then they have pensions as well so if their combined income is below $25,000, benefits are not taxed. If it’s between $25,000 and $34,000, up to 50% of those benefits may be taxable. No one can afford to live at their primary residence with just SS benefits dude, especially not with property taxes reassessments to market value every year along with the insurance rate hikes.
Social Security payments are taxed IF there is other income. So let's say a person gets their Social Security payment but is still working FULL TIME JOB, they will have to pay Federal taxes on everything. Not sure why it is that way
This hugely underestimates the effect of the TCJA (Trump's tax cuts) on family taxes for people with 3 or more children. The effect on your taxes from just one more child wiped out $2000 in tax liability because of a doubling of the child tax credit. It was the most pro-family/pro-child thing done in a long time. Most child directed actions in legislation are not family oriented, but this was.
A huge victory and it should not be minimized.
Keep paying taxes to fund geo political issues rather than solving your issues at home.
So, cutting taxes do not do anything for the economy, as they said, BUT, paying every illegal free money, free food, free housing and now giving the illegals EXTRA money for them to purchase housing is OK for the economy? Make that make sense.
Ordinary Americans need to protest our tax system
Ordinary Americans pay VERY little federal income tax. Like the bottom 50 percent of earners paying about 2.3 percent of the taxes. Wake up!
Source: Tax Foundation. (Google is your friend).
@@rogergeyer9851 They pay a little relative to the total amount payed.
But 100 dollars to someone making 20 dollars an hour is worth a lot more than 5,000 to a millionaire.
Pro tip: You can lower your tax burdon dramatically by refusing to work at all.
You can't spell burden. Also, if you won't work at all, then unless you're totally disabled or very mentally handicapped, if you won't work, you shouldn't EAT. (Unless you have saved and invested your way to financial independence by a career of hard work (and income taxes paid on that work already).
@@rogergeyer9851 human beings are the only animals on earth dumb enough to believe you have to have money to eat
I know someone who never paid into anything. Now he's on disability. Gotta love it.
Taxes: We can't afford the cost of living after paying them and we don't get nearly enough in services for how much we pay.
Bring the cost of living down, pay us more, lower taxes, or give us universal Healthcare.
If you aren't prepared to do any of those then shove off
The thing that always urks me is universal healthcare would be cheaper. We spend the highest per civilian on healthcare in the world, more than any other country with socialized medicine. It’s about lobbying not cost.
LMFAO, my guy u want to lower taxes, and get universal healthcare? 😂😂 Alr bro. Throw free college in there too while ur at it 🤣🤣
@@shawyonsharifi3394 Guessing you didn't see the "or" in there. Saying they need to do any one of those things not all of them together
@@shawyonsharifi3394 Universal healthcare ends up saving the country money, that's a universally agreed solution actually. There are so much inefficiency in the current system. Hospitals, insurance companies, all have too much administrative costs.
On the other hand free college is stupid, what is not stupid is free schooling beyond high school. Things like technical school. We need skilled labor not more college grads. Things like mechanics, plumbers, electricians. These will all help the country as they serve both as jobs and as necessity.
So pretend that universal healthcare is magically free of cost. /s
That will work GREAT.
I can't believe how much INFANTILE commenting (and whining) goes on re the reality of government and taxes.
Make smart choices and don't rely on politicians to bail you out.
and yet allowing "non-smart" people to live on the streets also seems bad...
Not every choice is in your control.
@@poochyenarulez Therefore go ahead and YOLO the ones that are... OP's comment was perfectly reasonable. There are too many people that think government exists to enable them to live life on easy mode.
@@BTrain-is8ch I think the government allowing people to live easy lives is a good thing.
@@poochyenarulez That would be fine were it not for the fact that most governments in the world get money by taking it from people that earned it and those people tend to not approve of having something they worked for confiscated to give it to someone who didn't.
Governments exist to protect your rights. Life. Liberty. Pursuit vs entitlement of happiness. You know, your real, fundamental, rights. An easy life is not a right.
Remember income taxes was supposed to be 5% and a temporary tax to fund the civil war
If you commit credit fraud targeting an adult, you’re called a criminal.
But if you commit credit fraud targeting unborn children, your called a politician.
This is a waste of a news story. They even admit- Neither politician will fix debt and have basically the same policy. Bologna!!
This demonstrates the complexity of the issue and stimulates thought.
Watch our taxes go up, spending go down, and breadlines are good 😂
Facts!
LOL! Let that terrible bill expire! You just nailed it...average person received $900 in tax savings....meanwhile the rich saved $61K!!! This was a terrible bill. Nice try CNBC...your taxes are going up!!!
100%
Ok but both the average perosn and higher income earners benefiting so why cut the bill?
@@shawyonsharifi3394 cuz its a government handout that causes inflation
@@shawyonsharifi3394 Because the more money the rich have the less everyone else has. It's not rocket science.
It’s all based on percentages if you was a top earner you realize they are paying out more than a third of their earnings to taxes. So every dollar earned they have to pay close to 40 cents and only keep 60 while most people in middle class only pay 18 cents averaged on the dollar. So yeah they get to save more when they throw numbers out like that but in reality they got the same percentage of saving as the rest in perspective of percentage given back. These news medias are terrible as they love to show figures without truly diving into the details.
We don’t have income problem. We have spending problem. Our government gave away $61B to other countries as “foreign aid” in 2023. This includes countries like Japan, Germany, Syria and Afghanistan. Why?
Why doesn't the government just stop spending so much freaking money
Still voting for trump 2024
Since our entire value system is make believe, there’s no reason we can’t just make the value we need out of thin air. We’ve been doing it by printing unlimited money so why not do it for everyone
You have to make so little money for some of these tax credits
Boo freaking hoo. People should EARN their money unless they're very sick, mentally handicapped, etc.
@@rogergeyer9851 Why are you saying boo hoo to a man who wants more of his labor earnings to himself? I guess you like it when big daddy gov runs his hands in your pants.
56% ?????? Who are the 46% that aren’t paying too much in taxes?? Spending cuts DEFINITELY need to happen too!
The deficit is never going to be fixed if we keep funneling money upwards and expecting Americans to foot the bill at the same time.
At least try to reduce the military spending before you try to tackle the tax system. Stop sending money to Ukraine and Israel. Why are we sending our hard earned money to other countries? We need our money to start paying off our debt and building America up. I don’t want a $900 reduction when the top 1% get $61,000 reduction on their taxes, it makes absolutely no sense. Why give the top 1% more money when those in the lower income tax brackets already face more challenges and burdens already? Expecting them to pay more tax is literally backwards.
In the real world, the top income percentiles pay a MASSIVE proportion of the US federal income taxes. The whole bottom half of earners pay ONLY 2.3 percent of those taxes, per the tax foundation.
One thing that would help wasting money on child tax credits would be teaching people to not have children if they can't afford them and stop having them out of wedlock. There's so much welfare abuse that's not reported or adjudicated as it is
2k a child isn't even enough.
I pay the equivalent of a new car every single year in taxes. How do the American people tolerate this level of oppression?
Probably because it's not oppression
@@jsebby2284 Either you are a weak-minded person who celebrates his own oppression or a low-income government dependent.
@@drscopeify Self employed people pay the "real" tax rate. When you add 15% for FICA plus state and federal taxes the total burden is stunningly high, even for people with normal incomes.
@@WillieFungo If you are paying the self-employed tax rate for your entire income, then you should consider restructuring your business. S corporations are great because they cap the amount of taxable self-employment income and categorize the rest of income as lower-tax capital gains. I have a lower tax burden on the income from my S corp. than if I was working for someone else at the same gross income - even after you consider that I have to pay the double-rate for the Medicare and SS taxes on my "salary".
Pfft, my family pays The equivalent of a brand new Porsche 911 turbo in taxes.
We pay taxes when we get our paycheck, grocery stores, restaurants, gas pumps, electric and gas, water Mortgage, and the interest rates on credit cards anything we buy more and more taxes it’s ridiculous
Plain and simple socialism.
That Trump 12K minimum standard deduction was huge for middle class and made taxes so easy.
So helpful for seniors and blue collar the last few years with the worst inflation in our history.
change always translates to increase
Remove taxes on overtime and allow people to opt out of social security.
Good start however this Archan system will never change
I have no faith in this Government
@justhomas83 oh id go way further but id hope we could try to push at least some of this hard. Social security is a big ask but i dont see why a grass root movement couldn't lay it out that we wont vote for anyone that wont remove taxes on overtime, or hell at least make it so it can't effect your tax bracket.
It’s quite simple they should just have property tax at about 5% or whatever is necessary and get rid of everything else why do they have to make it complicated
@raudelulloa2597 From a philosophical perspective i think a tax on the pre development value of land and on emissions are really the only justifiable taxes but that will never happen and those taxes could only be justified as being fairly small.
We don’t have a revenue problem, we have spending problem.
We need to keep federal taxes low. We already paying huge amount of taxes on the state level
Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in last month 2024
Wow that's huge, how do you make that much monthly?
I'm 37 and have been looking for ways to be successful, please how??
Isia Gomez expertise is truly commendable
She has this skill of making complex crypto concepts easy to understand.
Isia Gomez strategy has normalized winning trades for me also. And it’s a huge milestone for me looking back to how it all started
I am interested
There is something very wrong with Tim Walz.
fun fact the 2017 tax cuts wont actually expire in 2025, only the income tax will expire in 2025, coorporate tax which is what the vast majority of wealthy people spend was continued indefinately.
Interesting how that works, temporary tax cuts for poor individuals, permanant tax cuts for wealthy coorporations
Spending has to be cut , especially the money going out of the country.
I knew this guy was full of 💩 when he said "in the short run we can borrow" NO! STOP BORROWING AND SPENDING MONEY YOU DONT HAVE. borrowing money is spending money you dont have
Everyone owes me Taxes. A 20% flat tax from 2022, 2023, 2024 and so on. Pay up NOW! It’s the law!
I reached $250,000 in investment, it took me 2 years, last month I received $30,000 just in dividends.
Only with believers. This month it will be $40,000 and so on, in the next few years it will be $500 million a year just in Bitcoin ETFs and other dividend income. What I took 2 years to invest, I had in 1 year.
I'm 52 years old. I reached my first 100 thousand dollars in just 3 months. Empecé with 20 thousand dollars investing in Bitcoin ETF and other dividend income. My objective in the meantime is to reach a million dollars before I turn 55 years old.
This month I earned 155 thousand dollars in cryptocurrency ETFs, Bitcoin and stock exchanges.
This month I earned 155 thousand dollars in cryptocurrency ETFs, Bitcoin and stock exchanges.
Cryptocurrency investments generate a greater percentage of return than any other investment. Mainly Bitcoin ETFs, which generally pay out each week
OBVIOUS, inverting is not for everyone, friend, you are not under the illusion that you live that something is for everyone.
The interest in these investments represents a micropercentage of the population; If you think about crypto, then you are a better subniche.
Earned 2 million dollars in 2 years by investing in crypto assets.
Tariff is a tax. Don’t forget that.
The guy is saying the 1% disproportionately saved more and using a dollar figure is ignorant. You need to know the percentage of their income and if they're equal or not. Obviously somebody who earns more is going to save more on taxes.
It is intellectually dishonest and meant to mislead or rile up. It's data manipulation and propaganda at its finest.
To get rid of the federal debt, we get rid of the federal government.It was never supposed to be this big
99% of people aren’t capable of understanding what our tax dollar does for us. Things you’ve never seen or heard of are being built and performed all around us in order to provide the lives we lead. So when asked if we are taxed too much or are we being represented, of course people are going to say the most negative response. I’m thankful for our system, and I’ll work to fix the flaws within it.
Oh there u aaaare
How are u gonna fix it? 😂😂 By taking less welfare?
Based on your comments u r more of a Russian bot bringing that Russian system of thinking to us here, that the government will take care of us
Interesting 🤔🤭
All you have to do is look at the federal budget. Around half the spending goes to retirement and healthcare services. Clearly the federal government is not good at dealing with those problems so they need new solutions.
You could eliminate those two areas overnight, the federal budget would immediately go into a surplus, you could cut taxes, and 99% of what people think of as "government" would continue to function as it does today.
@@BTrain-is8ch oh look, some rando on UA-cam has it all figured out!!!
@@BTrain-is8chAnd you’re ready to move grandma into your living room?
People forget social security isnt just spending it is the largest source of funding for the government. 35% of the revenue for 2024 is due to social security tax. The government isn't just throwing money at old people, it took it from them to fund themselves and is now returning a much smaller percentage with basically no interest.@@BTrain-is8ch What are you proposing? That we get taxed social security but then never see any of the money when we retire or just not be taxed at all creating an even greater deficit??
If we get Trump 👍 it will be good for the common people....... Kamala Harris 👎
Doesn't seem to make sense to talk about reducing taxes if we aren't willing to reduce what we spend on defense spending, which has grown to over 50% of the federal budget.
Americas defense is what separates us from countries like Ukraine.
800 billion is not 50% of the federal budget. It's barely over 10%.
It's not over 50% of the budget lololol
National defense was 13% of the budget and if you add on Veterans Benefits and Services which was 5%, it's 18% total. Social security was the largest percentage spending at 22% and in second place was interest on debt we owe, eating up 14% of our budget, over 760 Billion dollars. We have so much debt, paying it off is now the second largest spending by category. This is all public and available for you at fiscaldata treasury.
I pay over 100$ in taxes weekly. The biggest problem is that if you're not making a $1,500 net worth a week. You're basically living paycheck to paycheck.
Only 1/3rd of us actually pay taxes without refunds..... the rest of you want us to pay more while you pay nothing. If you don't own land or actually pay taxes then you shouldn't be able to vote
I know, right?
In other words vote for Trump unless you want to pay more in taxes and have a slower economy and ultimately pay more for goods and services
What a poor take on this
@@dailyrant4068 You are a poor excuse for a human.
Strange idea, how about cutting military spending by half and then we see what we do about taxes.
We've successfully fear-baited ourselves into believing that any reduction in military spending will result in an immediate invasion of the US lol I can't see any politician successfully campaigning on the platform of reduced military spending. It'd be too easy for the opposition to spin into a negative.
But yes, reducing our military spending could allow us to address key issues without increasing taxes at all
Israel not gonna like that america is their money printing
Better idea, keep military spending, and cut welfare by half. Welfare is already twice what military spending is, so there is a lot more to save there. And it's incredibly fraud filled, so most people benefiting from it shouldn't be.
@@letsgobrandon416none of that is true 😂
The bigger issue is healthcare and social security for an aging population without a strong supporting population to fund it. Around 40% of all spending is in those two things. It dwarfs all other spending by a significant amount. So either we spend less on an aging population for find a way to bring in more revenue.
Inflation is a flat tax. The rising cost of food, housing, and other basic needs is a tax on the middle class. Poor people will always have welfare.
Raising our taxes is not helping Americans.Its going to other countries.
“Cost the federal government”. I stopped listening after that framing. Tax cuts do not “cost the government” they allow Americans to keep their hard earned wages.