I've lived in America and Canada. Paid about the same in taxes but get way more for my taxes in Canada. Most Americans hate the government (hate giving them their money even more) because they've never experienced good governance.
I honestly think America needs a completely restructure of their political system. It is just not working. Trump and Biden being elected out of 300 million people to run the country is evidence for that too.
This is why the US should elect more progressive politicians, who know how to manage budgets and give us (yes, pur country's initials literally spell out that pronoun) much better tax credits in return for better public education and better public healthcare. but since these are nonexistent, my husband and I are being guided to finance our retirement and healthcare through a diversified investment portfolioportfolio
I have “Rebecca Nassar Dunne’” as my investment manager. She has a solid reputation when it comes to diversifying portfolios and making. Them less vulnerable to market downturns. She may be a name you are already familiar with from Newsweek.
My family got introduced to Joseph Nick Cahill, a financial consultant about four years before my dad retired. That was what changed things, and I think my retirement income will be on the right track, luxury cars and trips.
My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in our country.
Inflation can have a significant impact on individuals and their cost of living. As a result, it can cause negative market sentiment. It is important for individuals and businesses to find ways to navigate and potentially mitigate the effects of inflation on their finances. The current economic climate, including underperformance of financial markets due to fear of inflation, has led to a decrease in the value of my portfolio. I would appreciate any recommendations on how to potentially increase returns during this market downturn.
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumors and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up $450k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Stacy Lynn Staples for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
@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.
I cannot believe our leaders are doing this! how can you reduce taxes on big corporations while taxing the ordinary worker heavily? we have to prepare ourselves for what is coming. What are the best Assets one can buy in order to grow their money in the coming year?
You’re getting a tax cut. Not getting this tax cut extended is the difference between you getting a return, or owing several thousand dollars that very quickly accumulate interest and cause a consequence for you that you’d never believe
I’m on Social Security and Medicare. The thing that happens is yes we got a three point whatever percent increase last year but my Medicare part B payment also went up by $60 a month more than my cola so I actually took a $60 a month cut. I literally made best decisions when i started working with an advisor
Totally agree. A good financial adviser is a game-changer. My portfolio is balanced for all market conditions, and it has returned 120% since early last year. My adviser and I are now working toward hitting a seven-figure goal, which could take another year.
Over the years, I’ve worked with a few, but I’ve stuck with “Julianne Iwersen Niemann” for the last five years. Her performance has been consistently impressive. She’s well-regarded in her field-look her up.
My CFA Julianne Iwersen Niemann, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
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.
Small taxes can affect investment decisions such as whether to choose tax-free municipal bonds over taxable bonds or do a Roth IRA conversion. I’ve been sitting on over $745K equity from a home sale and I want to invest on the stock market, how do I achieve this without being taxed twice?
Indeed, I did< make use of a financial counselor. As I get closer to retirement, their advice has been really helpful. I thought compound interest on index funds wouldn't be sufficient because I started late. It's amusing how I've done better than colleagues who have more years of investment experience. I've profited more than $886k tax free.
That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with, please?
GREGORY LEO CATTEL is the licensed FA I work with, I can't speak much about him you should make a search with his name, you'd find the necessary details to schedule an appointment.
@@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.
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.
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
this is absolutely incredible bc i also get my instructions from this lady, her techmical skill and approach to the market has earned her alot of success , good to know shes also helping others too
I think it's important to stick to stocks that are immune to economic policies. AI stocks that have the potential to power and transform future technologies. It seems AI is the trajectory most companies are taking, including even established FAANG companies. Maybe there are other recommendations?
I bought into NVIDIA around September last year because my financial advisor recommended it to me. She said the company is selling shovels in a gold rush. It accounted for almost 80% of my market return this year.
@@TimothysScotts I agree with you. As an early investor in NVDA, AVGO, ANSS, and LRCX, my financial advisor's advice was incredibly helpful. Over the past seven years, she has helped me find stocks that have performed 10x multiple times. With her help, I've grown my portfolio to over a million dollars.
@@BogumilTanski MARGARET MOLLI ALVEY is a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and is a valuable resource for individuals seeking guidance in navigating the financial market.
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.
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.
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.
The time and effort required for tax filing can be significant. Are there ways to simplify the tax filing process for my situation, potentially freeing up more time to focus on managing my investments?
Three words; Cloud-based accounting. Cloud. Based accounting tools automate a lot of the data entry and filing BS. This frees up valuable time for you to focus on managing your investments and growing your wealth.
Generally, investing requires higher knowledge. For this reason, It's important to have a solid support structure (financial consultant) to guide you through especially in asset picking. I operate with a consultant who partners with a licensed wealth management firm. For the record, the experience has been the best for my finance. She made me financially stable investing through her help, now I earn on a monthly basis through her passive income strategy... So I'd advise you do get a good investment advisor for yourself.
I appreciate your advice. It's hard to find someone that's reliable. When I see how much you've made investing, I could really use your investment advisor. That is, if you don't mind sharing her information.
She is easy to find , make a quick research of her on the internet with her name Rebecca Noblett Roberts. She works with anyone independent of their location
I work with Rebecca Noblett Roberts as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.
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.
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.
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.
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.
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.
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)
Nice video the market trends hint at lower prices, but this could also open doors for smart investments. Despite a possible short-term slump, remember the market's long-term potential. Downturns can be entry points for portfolio expansion. Success lies in informed decisions and strategic planning. Thanks to Shea Ardolf’s insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings. Kudos to the journey ahead!
This reference seems valid.. Just looked up her full name on my browser and found her webpage without sweat, over 15 years of experience is certainly striking! very much appreciate this.
The beauty of Shea Ardolf ’s approach is her dual focus: while she aggressively pursues profit opportunities, she's equally tenacious about shielding investors from potential pitfalls. It's a balance few can achieve.
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".
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.
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.
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.
@@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".
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?
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.
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!
1. Let’s start with cutting all government paid insurance for Congress. Every member of Congress should have to buy private insurance like the people. 2. Eliminate all government pensions. Give them an option to contribute to a 401 k like the people. 3. Cut all Congress salaries to $30,000 a year MAX 4. Cut all reimbursement for housing and travel expenses. 5. Implement term limits for all of Congress. When all of this is done America will be able to fix the budget deficit
Disagree with 2 just because that would mean no more pensions for teachers which- we’d have no teachers at that point. So many older teachers only stay for the pension and health insurance. Also all of Congress does have term limits, you’re thinking of the supreme court.
@@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
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.
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.
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.
Come on a minimum 25 percent income tax at 100,000,000 a year or more. What percent of people make 100,000,000 a year. Start a 25 percent minimum tax at 25 million .
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.
@@emilyfeagin2673 National defense= Israel genocide and enriching the military industrial complex, Safe food/water= the most unealthy food and water in the history of the country, air? lololol you must be a kamala voter to belive this BS
@@emilyfeagin2673 They removed my original reply, wonder why? anyways if you think you are paying for defense of the homeland, clean water, and good food you are a brainwashed idiot. National defense means supporting israel in their genocidal quest and enriching the military industrial complex, infrastructure? every dam thing is falling appart, they don't spend a dam cent on it, your money is printed from nothing and you are a slave.
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
Spending cuts would result in a lower standard of living for Americans? Uh no. Especially if you cut the military spending and foreign spending in general
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.
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.
More than 45% of individual tax revenues in the United States comes from the top 1%, but many of the top 1% got more loophole to pay a smaller percentage of taxes than others.,,which isn't fair at all
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
You’re exactly right. Not too long ago they wanted to start paying down the United States deficit, looks like that’s not even gonna happen! Because cutting taxes towards big corporations, and even these other taxes like overtime, Social Security and federal tax, will balloon the debt like crazy. Like I do agree with one thing that we should not be taxing Social Security. But both ministration seriously need to quit sending billions of dollars each year towards other countries while the only cut they would make the budget would be for the people that live in this country!
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.
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).
Tax laws can be so complex, and it’s super helpful to break them down like this. Understanding how different policies can impact our finances is crucial for making informed decisions.
@@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.
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.
Quit spending on the endless wars. Quit sending money to support other countries - including Israel. Quit subsidizing big business. Spread the wealth to the regular people who are the backbone of GDP and a prosperous and healthy economy in America.
@@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.
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
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
@@emilyfeagin2673 and yet the us debt says only 33% of us actually foot the bill.. so ypu measly fuel tax and sales tax isn't a candle to the 120k income tax I paid
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.
Let’s talk honesty about not taxing tips. The part they’re not saying out loud is million dollar bonuses paid to CEOs, CFOs, etc. will be classified as “tips” and not taxed.
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.
No, cutting into the deficit would not demand we pay more in taxes… stopping spending on ridiculous sh*t that we don’t need like war, defense budget, etc.
Tax laws can be so complex, and it’s super helpful to break them down like this. Understanding how different policies can impact our finances is crucial for making informed decisions.
Making profitable investments during this time of political change can be risky without that insight. For me, working with an adviser is the best first step to navigate these complexities and make informed choices.
I think having an investment advisor is the way to go. I've been with one because I lack the expertise for the market. I made over $490K during the recent dip, highlighting that there's more to the market than we average folks know.
Finding financial advisors like “Melissa Terri Swayne” who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I just googled her name and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.
The one guy who’s speaking throughout this is going out of his way to not speak honestly. Federal revenue ROSE despite tax cuts. So no… the tax cuts didn’t increase the deficit. The problem was we also increased military funding.
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
I've lived in America and Canada. Paid about the same in taxes but get way more for my taxes in Canada. Most Americans hate the government (hate giving them their money even more) because they've never experienced good governance.
I honestly think America needs a completely restructure of their political system. It is just not working. Trump and Biden being elected out of 300 million people to run the country is evidence for that too.
This is why the US should elect more progressive politicians, who know how to manage budgets and give us (yes, pur country's initials literally spell out that pronoun) much better tax credits in return for better public education and better public healthcare. but since these are nonexistent, my husband and I are being guided to finance our retirement and healthcare through a diversified investment portfolioportfolio
Your manager must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.
I have “Rebecca Nassar Dunne’” as my investment manager. She has a solid reputation when it comes to diversifying portfolios and making. Them less vulnerable to market downturns. She may be a name you are already familiar with from Newsweek.
😂right I’ll take my rights over that.
This is a spending problem not a revenue problem.
Lower the insane tax rate in the middle and low class.
You ain't wrong. That's why I finally took the plunge and found a financial advisor. Best Decision Ever.
It’s Joseph Nick Cahill.
My family got introduced to Joseph Nick Cahill, a financial consultant about four years before my dad retired. That was what changed things, and I think my retirement income will be on the right track, luxury cars and trips.
Google his full name
My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in our country.
Inflation can have a significant impact on individuals and their cost of living. As a result, it can cause negative market sentiment. It is important for individuals and businesses to find ways to navigate and potentially mitigate the effects of inflation on their finances. The current economic climate, including underperformance of financial markets due to fear of inflation, has led to a decrease in the value of my portfolio. I would appreciate any recommendations on how to potentially increase returns during this market downturn.
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumors and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up $450k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.
Could you kindly elaborate on the advisor's background and qualifications?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Stacy Lynn Staples for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
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.
I cannot believe our leaders are doing this! how can you reduce taxes on big corporations while taxing the ordinary worker heavily? we have to prepare ourselves for what is coming. What are the best Assets one can buy in order to grow their money in the coming year?
You’re getting a tax cut. Not getting this tax cut extended is the difference between you getting a return, or owing several thousand dollars that very quickly accumulate interest and cause a consequence for you that you’d never believe
I’m on Social Security and Medicare. The thing that happens is yes we got a three point whatever percent increase last year but my Medicare part B payment also went up by $60 a month more than my cola so I actually took a $60 a month cut. I literally made best decisions when i started working with an advisor
Totally agree. A good financial adviser is a game-changer. My portfolio is balanced for all market conditions, and it has returned 120% since early last year. My adviser and I are now working toward hitting a seven-figure goal, which could take another year.
That sounds interesting! Could you share the details of your adviser? I'm urgently in need of one.
Over the years, I’ve worked with a few, but I’ve stuck with “Julianne Iwersen Niemann” for the last five years. Her performance has been consistently impressive. She’s well-regarded in her field-look her up.
My CFA Julianne Iwersen Niemann, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I just looked her up, and her credentials are impressive! I've already reached out and scheduled a call for some guidance. Thank you!
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.
🎯
Small taxes can affect investment decisions such as whether to choose tax-free municipal bonds over taxable bonds or do a Roth IRA conversion. I’ve been sitting on over $745K equity from a home sale and I want to invest on the stock market, how do I achieve this without being taxed twice?
Indeed, I did< make use of a financial counselor. As I get closer to retirement, their advice has been really helpful. I thought compound interest on index funds wouldn't be sufficient because I started late. It's amusing how I've done better than colleagues who have more years of investment experience. I've profited more than $886k tax free.
That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with, please?
GREGORY LEO CATTEL is the licensed FA I work with, I can't speak much about him you should make a search with his name, you'd find the necessary details to schedule an appointment.
he appears to be well-educated and well-read. I ran a Google search for his name and came across his website; thank you for sharing.
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.
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.
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
this is absolutely incredible bc i also get my instructions from this lady, her techmical skill and approach to the market has earned her alot of success , good to know shes also helping others too
@RobertKnef It is called the SP500 duh. You guys are so funny.
Lot of bots
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%
Reduce the size of the federal government. Why do we need an FBI and Homeland Security, CIA, education... add your useless or duplicate agency here.
I think it's important to stick to stocks that are immune to economic policies. AI stocks that have the potential to power and transform future technologies. It seems AI is the trajectory most companies are taking, including even established FAANG companies. Maybe there are other recommendations?
I bought into NVIDIA around September last year because my financial advisor recommended it to me. She said the company is selling shovels in a gold rush. It accounted for almost 80% of my market return this year.
@@TimothysScotts I agree with you. As an early investor in NVDA, AVGO, ANSS, and LRCX, my financial advisor's advice was incredibly helpful. Over the past seven years, she has helped me find stocks that have performed 10x multiple times. With her help, I've grown my portfolio to over a million dollars.
@@MercuriosBakers That's a great tip. I'm setting out 50k to invest in the market this year. Any particularly useful tips you could offer to me?
@@BogumilTanski MARGARET MOLLI ALVEY is a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and is a valuable resource for individuals seeking guidance in navigating the financial market.
@@MercuriosBakers I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip.
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
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
Those handouts could’ve paid to modernize our electrical grid by 2040. Instead we pay above inflation rate for electricity.
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.
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.
The time and effort required for tax filing can be significant. Are there ways to simplify the tax filing process for my situation, potentially freeing up more time to focus on managing my investments?
Three words; Cloud-based accounting. Cloud. Based accounting tools automate a lot of the data entry and filing BS. This frees up valuable time for you to focus on managing your investments and growing your wealth.
Generally, investing requires higher knowledge. For this reason, It's important to have a solid support structure (financial consultant) to guide you through especially in asset picking. I operate with a consultant who partners with a licensed wealth management firm. For the record, the experience has been the best for my finance. She made me financially stable investing through her help, now I earn on a monthly basis through her passive income strategy... So I'd advise you do get a good investment advisor for yourself.
I appreciate your advice. It's hard to find someone that's reliable. When I see how much you've made investing, I could really use your investment advisor. That is, if you don't mind sharing her information.
She is easy to find , make a quick research of her on the internet with her name Rebecca Noblett Roberts. She works with anyone independent of their location
I work with Rebecca Noblett Roberts as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.
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?
Taxes will go up for average American while rich get tax cut even though their wealth increased.
This is what the red loves
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.
@CL.Drumming who was president in 2017?! Oh right trump.
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.
stop stealing our money!
They think we are slaves so stop being a slave and quit paying taxes to them
Oh it’s going away in 4 years
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
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"
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.
😂😂😂
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.
Income tax makes no sense when we face capital gains, property, and sales taxes. Not counting the additional taxes like the gas tax.
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.
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%.
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 .
Nice video the market trends hint at lower prices, but this could also open doors for smart investments. Despite a possible short-term slump, remember the market's long-term potential. Downturns can be entry points for portfolio expansion. Success lies in informed decisions and strategic planning. Thanks to Shea Ardolf’s insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings. Kudos to the journey ahead!
Shea Ardolf program is widely available online..
This reference seems valid.. Just looked up her full name on my browser and found her webpage without sweat, over 15 years of experience is certainly striking! very much appreciate this.
The beauty of Shea Ardolf ’s approach is her dual focus: while she aggressively pursues profit opportunities, she's equally tenacious about shielding investors from potential pitfalls. It's a balance few can achieve.
Reason i invest in the crypto market; to make my money work for me, to prevent inflation from eroding my savings
Job will pay your bills, business will make you rich but investment makes and keeps you wealthy even till the future
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!
Yep they need to get PE out of real estate and put a stop to monopoly
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".
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?
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.
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.
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.
Remember income taxes was supposed to be 5% and a temporary tax to fund the civil war
And the tax on liquor in PA was supposed to help pay for the Johnston flood ….. in 1889
Once a tax is there it’s not going away
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?
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.
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!
How much is your homeowners again?
1. Let’s start with cutting all government paid insurance for Congress. Every member of Congress should have to buy private insurance like the people.
2. Eliminate all government pensions. Give them an option to contribute to a 401 k like the people.
3. Cut all Congress salaries to $30,000 a year MAX
4. Cut all reimbursement for housing and travel expenses.
5. Implement term limits for all of Congress.
When all of this is done America will be able to fix the budget deficit
Disagree with 2 just because that would mean no more pensions for teachers which- we’d have no teachers at that point. So many older teachers only stay for the pension and health insurance.
Also all of Congress does have term limits, you’re thinking of the supreme court.
No, the mismanagement of the budget is the problem. Not taxes stolen from my paycheck.
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
how about quit sending my money to other countries
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.
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
It's unconscionable to reduce federal spending.
Nahh fr but let’s send another 30 billion to Israel rq before we think abt that
@@simian8816 yup Israel and Ukraine are more important than the folks. Know your worth.
What if we quit screwing with tax rates, leave them just as they are, and then cut spending?? Did anyone think of that?
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.
Just remove the home owners /property tax . That way we will really own our homes.
Come on a minimum 25 percent income tax at 100,000,000 a year or more. What percent of people make 100,000,000 a year. Start a 25 percent minimum tax at 25 million .
We need to get rid of tips not encourge companies to rely on tips.
Rosenthal: We tax relatively lightly.
LOL WHAT!!! 24% federal + state + sales tax + local taxes
...compared to the rest of the developed world.
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.
🙌🏽this
I am being killed by taxes and I get nothing back in services. Stop spending and printing funny money.
You are paying for infrastructure, national defense, safe food, safe drinking water, air that is fit to breathe
But you think that’s “ nothing”??
@@emilyfeagin2673 National defense= Israel genocide and enriching the military industrial complex, Safe food/water= the most unealthy food and water in the history of the country, air? lololol you must be a kamala voter to belive this BS
@@emilyfeagin2673 They removed my original reply, wonder why? anyways if you think you are paying for defense of the homeland, clean water, and good food you are a brainwashed idiot. National defense means supporting israel in their genocidal quest and enriching the military industrial complex, infrastructure? every dam thing is falling appart, they don't spend a dam cent on it, your money is printed from nothing and you are a slave.
@@emilyfeagin2673 my reply removed 2 times now, you can't say antying against the state and we are slaves. The clapback will be epic.
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
Unless you are a senior living on a fixed income
@@emilyfeagin2673 then get used to mo money because your SS check is currently in peril.
Spending cuts would result in a lower standard of living for Americans? Uh no. Especially if you cut the military spending and foreign spending in general
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.
When they give away billions and billions of taxpayer dollars to people who enter the country illegally, someone has to pay for that.
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.
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.
@@joshuagharis9017 brain washed
More than 45% of individual tax revenues in the United States comes from the top 1%, but many of the top 1% got more loophole to pay a smaller percentage of taxes than others.,,which isn't fair at all
No one should get back more in federal income tax than they pay in.
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
If we get Trump 👍 it will be good for the common people....... Kamala Harris 👎
Until grannie moves in with you because he cuts social security
You can cut taxes and have no penalty by simply cutting some of the ridiculous social programs and governmental give aways of tax dollars.
Which social programs will you cut?
@@emilyfeagin2673 Free cells phones, anything for non citizens, earned income credit....
Best way forward is allowing every US Citizen to vote directly on every idea, bill or law.
Funny, both politicians want to spend more and go further into debt
You’re exactly right. Not too long ago they wanted to start paying down the United States deficit, looks like that’s not even gonna happen! Because cutting taxes towards big corporations, and even these other taxes like overtime, Social Security and federal tax, will balloon the debt like crazy. Like I do agree with one thing that we should not be taxing Social Security. But both ministration seriously need to quit sending billions of dollars each year towards other countries while the only cut they would make the budget would be for the people that live in this country!
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.
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.
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.
Inflation is a hidden tax. So everyone making under $400,000 is paying more in taxes.
Tax laws can be so complex, and it’s super helpful to break them down like this. Understanding how different policies can impact our finances is crucial for making informed decisions.
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.
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.
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.
Main problem with today’s society, bunch of cry babies
Quit spending on the endless wars. Quit sending money to support other countries - including Israel. Quit subsidizing big business. Spread the wealth to the regular people who are the backbone of GDP and a prosperous and healthy economy in America.
1000 billionaires in the US isn’t going to pay enough taxes to make a difference
change always translates to increase
CUT GOVERNMENT SPENDING, GET RID OF THE DEFICITS.
So essentially go woke then go broke= Harris…. Vote Trump Trump Trump 2024 Baby!!
literally at multiple points they state the republicans balloon the deficit what are you talking about
200 billions tax payer money go overseas for....
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.
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.
Oh you haven’t heard JD Vance have you? He is all in favor of forced breeding.
And marriage is no guarantee of financial stability
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.
Taxes increase 2025 to 2031
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?
All of us pay taxes.
If you rent, your taxes are included in the cost
Fuel is taxed, goods are taxed, services are taxed.
@@emilyfeagin2673 and yet the us debt says only 33% of us actually foot the bill.. so ypu measly fuel tax and sales tax isn't a candle to the 120k income tax I paid
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.
Watch our taxes go up, spending go down, and breadlines are good 😂
Facts!
Everyone owes me Taxes. A 20% flat tax from 2022, 2023, 2024 and so on. Pay up NOW! It’s the law!
Let’s talk honesty about not taxing tips. The part they’re not saying out loud is million dollar bonuses paid to CEOs, CFOs, etc. will be classified as “tips” and not taxed.
This is foolishness. Bonus and Tips are different in every way.
Stop spending so much. Stop sending so much overseas.
That would change nothing
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.
Still voting for trump 2024
There is something very wrong with Tim Walz.
JD Vance is weird. All that fascination with cat ladies. He needs a therapist
No, cutting into the deficit would not demand we pay more in taxes… stopping spending on ridiculous sh*t that we don’t need like war, defense budget, etc.
We would still have a giant deficit lol
What about singles with no kids? We’re always left out of the conversation!
Tax laws can be so complex, and it’s super helpful to break them down like this. Understanding how different policies can impact our finances is crucial for making informed decisions.
Making profitable investments during this time of political change can be risky without that insight. For me, working with an adviser is the best first step to navigate these complexities and make informed choices.
I think having an investment advisor is the way to go. I've been with one because I lack the expertise for the market. I made over $490K during the recent dip, highlighting that there's more to the market than we average folks know.
Hmmm this is quite interesting, Please can you leave the info of your investment advisor here? I’m in dire need for one.
Finding financial advisors like “Melissa Terri Swayne” who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I just googled her name and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.
The one guy who’s speaking throughout this is going out of his way to not speak honestly. Federal revenue ROSE despite tax cuts. So no… the tax cuts didn’t increase the deficit. The problem was we also increased military funding.
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.