Agreed! 👍 1. These “economic advisors” are just entrenched DC Swamp bureaucrats-for-hire. 2. Morally-weak, ethically-malleable, minimally-qualified, institutionally-acceptable. 3. Such political hacks exist to please their next boss. 4. “Job Security”.
Agreed! 👍 1. These “economic advisors” are just entrenched DC Swamp bureaucrats-for-hire. 2. Morally-weak, ethically-malleable, minimally-qualified, institutionally-acceptable. 3. Such political hacks exist to please their next boss. 4. “Job Security”.
I am retired. The Fed taxes my Social Security Income and the small amount from my IRA. My state does not tax any retirement income. I am only in the 12% tax bracket, single and had to send Biden a $3000 check.
This is why he hired 87,000 IRS workers with guns this administration is all about control you can't tell these idiots that voted for this vegetable that Obama was full of control we've had the worst years with Democrats look what New York looks like in California they've turned American to a sewage bowl wake up people
The whole government needs to take 40% pay reduction. If you want to represent the people you should do it freely of payments. During Covid our senate and congress have had anywhere from 33% to 289% increase in their income due to insider trading. They need no pay for serving Americans
They all should make a flat pay as well. Term limits need to be a must. We limit our president but not the ones who control them? These leeches have forgotten they are public servants. They aren’t rock stars or famous. Do your “humble” job and work for the people, not yourself. None of them should make over 100k a year for the rest of their lives, that’s straight BS.
Absolutely. Having someone who understands the intricacies of tax policies and can provide tailored advice could be invaluable in these uncertain times, but i am in need of guidance too
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.
Interesting! Good day! Although I'm new to investing, I've heard that now is a wonderful time to buy. I have some money in my bank account that is just sitting there, and I really want to make it work for me, especially with the current rate of inflation being so high. Do you have any knowledge about this coach who supports you? I'd like to research them and find out more.
roads were not "built" in 1900, they were mud hole pathways you drove your horse and wagon through. It took tax money to actually build concrete roads from coast-to-coast in the 1920's. The income tax amendment to the Constitution was passed around 1913, the same time as the Lincoln Highway was first proposed to be the first nationwide paved road.
@@colevetter8970 fyi, historical fact follows below, income tax was assessed before 1920; nice try to pass off your lie. Passage of the 16th Amendment To establish a lasting income tax, Congress proposed the 16th Amendment in 1909, which gave it the authority to tax individual incomes regardless of apportionment. Ratified in 1913, the 16th Amendment marked a significant turning point in U.S. taxation. That same year, Congress passed the Revenue Act of 1913, establishing the first permanent federal income tax. The initial rates were modest, starting at 1% for lower incomes and rising to 7% for higher incomes.
I am 53 years old and always got a tax refund- Single Mom for 17 years and always got a refund. -Until 3 years ago. The past 3 years, I have owed the IRS. WTF?
I need a way to draw up a plan to set up for retirement while still earning passive income to meet my day to day need and also get charged lesser taxes even while in a higher tax bracket.
Don't put all your eggs in one basket; instead, diversify into different asset classes to mitigate risk. If you lack extensive knowledge, consult a financial advisor.
Accurate asset allocation is crucial with an Experts guidance. I have 850k in equity, 300K cash earning 5.25 interest, 685k in 401k, 250k cash account, 120k in car assets ( paid off cars) Gold and silver bars. age is 48. My advisor helped me realign my portfolio to my risk tolerance and it boomed overtime.
Today is the day hard working Americans get to hand over thousands of their hard earned money to all the lowlife freeloaders in this country. Joe Biden is on top of that list. FJB AND F YOU IF YOU VOTED FOR HIM.
I did not participated on the poll, but I paid more on my retirement benefits than while working! are we continuing to pay for other countries citizens?
My daughter claims single and zero. Has 3,000 in a Roth IRA and had to pay $167 this year. Last year it was $50. What happened when you got a refund when claiming single and zero? Crazy!
Do all the illegal immigrants have to pay taxes on the $1000 credit card they receive monthly? I pay taxes on my Social Security income even though I’ve paid taxes on my income for over 50 years…now I’m supposed to pay off student loans, even tho I’ve scrimped and saved to put our 3 daughters thru college so they could compete in the business world!!! Between Federal & State income taxes, high property taxes, inflation, high sales taxes, I’m becoming very negative towards Government….
The question is how to convert your salary into the investment funnel without double taxation. you pay taxes once it's earned, then buy stocks etc and get taxed again once you sell for gains. How do I skip the first tax stage? I want to invest over 300k on the stock market, how do I achieve this
I have been doing the same thing myself, using the market to shield myself from the market. But I hate making mundane decisions, so I just invest through an advisor, making good profits, avoiding taxes, while doing very little work.
I Can't get into trouble with the IRS when I have no income and all my money is in stocks. I don't like doing the work though. Lol. So I just invest through an advisor who does the stock picking. My money grows, and I'm tax-free.
Monica Shawn Marti is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
i worked the entire year of 2023 making 15.00 an hour 40 hours a week and i filed my taxes today and i owe $107.00. no dependent no nothing on my own and i have to pay even more
Whether you owe or get a refund is dependent on your withholdings. The tax rate for earnings between $9,325-37,950 was 15% in 2017 and the rate in 2023 was 12% from $11,000-44,725 for 2023. Plus the standard deduction went up from $6,500 to $12,000. So your taxes should have gone down substantially from 2017.
People need to change their taxes to M-9 and not file yearly. Keep your money. And shut down the IRS. Work together whenever an IRS agent tries to enter your property and make them leave.
I love listening to Steve Forbes - he's so solid and somehow he thinks so clearly, he let's us know what the deal really is ! Steve Forbes has it together. A+
Agreed! 👍 1. These “economic advisors” are just entrenched DC Swamp bureaucrats-for-hire. 2. Morally-weak, ethically-malleable, minimally-qualified, institutionally-acceptable. 3. Such political hacks exist to please their next boss. 4. “Job Security”.
Tax and spend. Same game. The problem now is that we have hit the inflection point with money supply and deflation is nearly impossible. It will take severe rate increases and a bean and rice diet for 10 years.
Nope 10% flat tax rate across the board of the gross income - no deductions no matter who you are. You make money, you pay taxes. You don't make money, you don't but you also don't get any "refund". The nation would be wealthy.
While I agree with most things being said, I have never agreed with Steve Forbes on a flat tax. It would essentially become AMT, which would tax lower and middle class higher.
Instead of our mindless flecks in our government we need more business men in our government. You know the ones that went to school and actually paid attention in economics class. If a Democrat was in on this conversation they would be screaming you are racist, because they would not be able to even discuss this subject.
Everything that administration does is about control
Agreed! 👍
1. These “economic advisors” are just entrenched DC Swamp bureaucrats-for-hire.
2. Morally-weak, ethically-malleable, minimally-qualified, institutionally-acceptable.
3. Such political hacks exist to please their next boss.
4. “Job Security”.
hahahahahhahha......hahahahah
Every administration.
It's actually about tin foil sales
Infiltration works only to the extent that the host tolerates it
Cxl back
the spending is out of control
Agreed! 👍
1. These “economic advisors” are just entrenched DC Swamp bureaucrats-for-hire.
2. Morally-weak, ethically-malleable, minimally-qualified, institutionally-acceptable.
3. Such political hacks exist to please their next boss.
4. “Job Security”.
Tell thst to the democrats. They are absoutely clueless.
They would just say "you guys hate the poor and only want to help the rich". Their policies are destroying the poor through inflation though.
They’re not clueless. They know exactly what they are doing.
hahahahahahahhaahhhaha...... Steve Forbes wants fools like you to pay his share of taxes
republicans,. send money to Israel, and lets not raise taxes, lets just borrow it. talking about clueless.
You do realize US inflation is lower than the rest of the world just like the US tax rate.
What happened to biden saying no one making less than $400,000 dollars would pay more in taxes.
He lied. Most of us knew it and the rest were too stupid to care. They will care soon.
Has Biden ever made one true statement in 50 years?
I definitely paid more in taxes this past year and I definitely don't make that much money.
He always lies... it's easier to simply believe the literal opposite of whatever he says is true; because it's been historically - very accurate.
Liar liar pants on fire 🔥
There should be a law that says if the US has debt. Congress must reduce it by 10% year over year.
I am retired. The Fed taxes my Social Security Income and the small amount from my IRA. My state does not tax any retirement income. I am only in the 12% tax bracket, single and had to send Biden a $3000 check.
How About We The American 🇺🇸 People Stop 🛑 filing for Our Taxes and Stop 🛑 Paying Taxes 🇺🇸 We Are The Government
Reagan was the yo-yo that started taxing YOUR and my SOC Security benefits
Can you imagine what it will be like at 50%? We are all gonna be poor and homeless.
Bro the fed taxes you are paying is trumps tax act…
This is why he hired 87,000 IRS workers with guns this administration is all about control you can't tell these idiots that voted for this vegetable that Obama was full of control we've had the worst years with Democrats look what New York looks like in California they've turned American to a sewage bowl wake up people
17% federal tax is way too high.
The whole government needs to take 40% pay reduction. If you want to represent the people you should do it freely of payments. During Covid our senate and congress have had anywhere from 33% to 289% increase in their income due to insider trading. They need no pay for serving Americans
They all should make a flat pay as well. Term limits need to be a must. We limit our president but not the ones who control them? These leeches have forgotten they are public servants. They aren’t rock stars or famous. Do your “humble” job and work for the people, not yourself. None of them should make over 100k a year for the rest of their lives, that’s straight BS.
$185 for groceries today for two. Should have left the Raisin Bran Crunch and Twizzlers on the shelf.
Awe I am so sorry 😢 We need to Pray 🙏 for our family and our Country 🇺🇸
I go to Sam club I pay 200 but it a lot more food it still a lot tho but more worth it
@@romannavarro1178 It’s crazy. More crazy are those that deny there is inflation.
@@romannavarro1178 How About Shopping 🛒 at Costco 😀
@@myrrhavm or say Biden has no control over it.
Every Democrat should be out of Office like Yesterday Biden first in line As a American I Never Saw so Much Corruption in My life.
You start making gasoline again domestically.. This is why we have a problem with inflation.
But how many hundred million ppl are held to ransom by FJB cruelty n greed??
Yeah, right. So 17% flat tax +15% for Social Security and Medicare do the math. This doesn’t work for lower income people at all.
I'm concerned about Biden's tax policy. It feels like it's more about control than economic stability.
I totally agree. It seems like they're trying to micromanage everything
It's frustrating, isn't it? I feel like we need some guidance on how to navigate through these changes
Yeah, I've been thinking about getting an advisor to help me strategize around Biden's tax policies. Do you think it's a good idea
Absolutely. Having someone who understands the intricacies of tax policies and can provide tailored advice could be invaluable in these uncertain times, but i am in need of guidance too
I would recommend this advisor
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.
Interesting! Good day! Although I'm new to investing, I've heard that now is a wonderful time to buy. I have some money in my bank account that is just sitting there, and I really want to make it work for me, especially with the current rate of inflation being so high. Do you have any knowledge about this coach who supports you? I'd like to research them and find out more.
Melissa Terri Swayne maintains an online presence that can be easily found through a simple search of her name on the internet.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip
Let's go back to the early 1900's Americans keep all their paychecks! And the government still built roads and infrastructure!🤔
roads were not "built" in 1900, they were mud hole pathways you drove your horse and wagon through. It took tax money to actually build concrete roads from coast-to-coast in the 1920's. The income tax amendment to the Constitution was passed around 1913, the same time as the Lincoln Highway was first proposed to be the first nationwide paved road.
@@rayrussell6258 Wrong.
@@rayrussell6258 Americans were not taxed in the 1920s.Nice try.
@@colevetter8970 it is historical fact, and I have literary sources that show those facts
@@colevetter8970 fyi, historical fact follows below, income tax was assessed before 1920; nice try to pass off your lie.
Passage of the 16th Amendment
To establish a lasting income tax, Congress proposed the 16th Amendment in 1909, which gave it the authority to tax individual incomes regardless of apportionment. Ratified in 1913, the 16th Amendment marked a significant turning point in U.S. taxation. That same year, Congress passed the Revenue Act of 1913, establishing the first permanent federal income tax. The initial rates were modest, starting at 1% for lower incomes and rising to 7% for higher incomes.
If you lower taxes you have to lower spending.
I am 53 years old and always got a tax refund- Single Mom for 17 years and always got a refund. -Until 3 years ago. The past 3 years, I have owed the IRS. WTF?
You can thank Biden and his commie/socialist administration mostly for that!
I am sorry ❤️🩹
@@Tom-ym7bm Thank you!
Same here.
Our 17 year old son who filed for the first time ever owes the IRS.
Thanks to that low life in the White House.
When Trump became president those were the years I finally got a refund!
It's all by design.
💯🎯
END IRS PERIOD-FAIR TAX ACT-READY TO VOTE THIS YEAR!!!!!!!
The gov needs to stop spending what they dont have
I need a way to draw up a plan to set up for retirement while still earning passive income to meet my day to day need and also get charged lesser taxes even while in a higher tax bracket.
Don't put all your eggs in one basket; instead, diversify into different asset classes to mitigate risk. If you lack extensive knowledge, consult a financial advisor.
Accurate asset allocation is crucial with an Experts guidance. I have 850k in equity, 300K cash earning 5.25 interest, 685k in 401k, 250k cash account, 120k in car assets ( paid off cars) Gold and silver bars. age is 48. My advisor helped me realign my portfolio to my risk tolerance and it boomed overtime.
pls how can I reach this expert, I need someone to help me manage my portfolio
*Jennifer Leigh Hickman* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Cut spending and taxes in half.
The Government doesn’t need to increase taxes, the government needs to fix the tax code.
The gov needs to STOP sending our tax dollars out of this country
We have no government anymore. We are ruled by a Regime.
Today is the day hard working Americans get to hand over thousands of their hard earned money to all the lowlife freeloaders in this country.
Joe Biden is on top of that list.
FJB AND F YOU IF YOU VOTED FOR HIM.
Stop the printing presses
Dummies
No joke
I did not participated on the poll, but I paid more on my retirement benefits than while working! are we continuing to pay for other countries citizens?
We can’t make enough to live! Making payments on taxes I worked for 😢
My daughter claims single and zero. Has 3,000 in a Roth IRA and had to pay $167 this year. Last year it was $50. What happened when you got a refund when claiming single and zero? Crazy!
I got zero too I file single too it bs
Every Democrat policy is about control!
Do all the illegal immigrants have to pay taxes on the $1000 credit card they receive monthly? I pay taxes on my Social Security income even though I’ve paid taxes on my income for over 50 years…now I’m supposed to pay off student loans, even tho I’ve scrimped and saved to put our 3 daughters thru college so they could compete in the business world!!! Between Federal & State income taxes, high property taxes, inflation, high sales taxes, I’m becoming very negative towards Government….
Sounds solid and good to me. Great reporting!!
The FED should be outlawed
The question is how to convert your salary into the investment funnel without double taxation. you pay taxes once it's earned, then buy stocks etc and get taxed again once you sell for gains. How do I skip the first tax stage? I want to invest over 300k on the stock market, how do I achieve this
I have been doing the same thing myself, using the market to shield myself from the market. But I hate making mundane decisions, so I just invest through an advisor, making good profits, avoiding taxes, while doing very little work.
I Can't get into trouble with the IRS when I have no income and all my money is in stocks. I don't like doing the work though. Lol. So I just invest through an advisor who does the stock picking. My money grows, and I'm tax-free.
Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
Monica Shawn Marti is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip
The government needs your tribute to send overseas.
Tell that economy stuff to Malema!
FAIR TAX-NOT FLAT TAX, STEVE IS THE ONLY WAY TO SAVE US-READY TO GO!!!
hahahahhahahahhahahahahahah
Why do tax cuts expire but not taxes?
100% flat tax.Get rid of the IRS and the current system
Still an income tax.
are you nuts.
These guys have some great ideas!!
The NFL is a nonprofit, think about that. That's our system
Sure.
It became for profit practically 10 years ago lmfao
false
Kevin’s business success is unsurprising given his smart, productive thinking. We should take his advice.
I think in the future, I’ll be opting out of the US Income Tax
Agreed with forbes
Patterson will pay !!!
YOU GUYS HAVE IT THE REALITY CHECK !!!
i worked the entire year of 2023 making 15.00 an hour 40 hours a week and i filed my taxes today and i owe $107.00. no dependent no nothing on my own and i have to pay even more
Whether you owe or get a refund is dependent on your withholdings. The tax rate for earnings between $9,325-37,950 was 15% in 2017 and the rate in 2023 was 12% from $11,000-44,725 for 2023. Plus the standard deduction went up from $6,500 to $12,000. So your taxes should have gone down substantially from 2017.
The average W-2 earner living in California is paying more then .50 cents for every dollar earned between the FTB, IRS, and state sales tax.
That is the red line, Soviet line ;-(
People need to change their taxes to M-9 and not file yearly. Keep your money. And shut down the IRS. Work together whenever an IRS agent tries to enter your property and make them leave.
And we need a resolution program for Payroll withholding tax for businesses that went out of business.
Can one compare CY/FY 2023 Tax Collection Vs 2019 Tax collection? Not 2017 Vs 2022?
Ive gotten where i like Forbes
Like Forbes news also
Can learn something from it . Unlike ABC/NBC/CBS
Mo rules Mo rules Mo rules….just like California. FJB
The lie that keeps on going is God. I got you on Paschal's Wager! Adhambishto!
Equal taxes for all and less taxes
Good to see Brandon's own people are turning on him. Fjb
I agree 17% would be grateful, as usual the federal government would not be satisfied..and find a way to raise it beyond 17%
Yes, we should not count government spending toward GDP. Excellent point.
The cost to have employees is really a killer
I love listening to Steve Forbes - he's so solid and somehow he thinks so clearly, he let's us know what the deal really is ! Steve Forbes has it together. A+
haahahahhahahahahahhahahahahh
Yellen takes after her name !
Citizens of USA 🇺🇸 are yelling !
Hunter doesn’t
VOTE TRUMP ASP FOR THE REPUBLIC OF AMERICA AND THE PEOPLE'S CHOICE ❤❤❤❤ ( DON'T) VOTE FOR BIDEN.
Agreed! 👍
1. These “economic advisors” are just entrenched DC Swamp bureaucrats-for-hire.
2. Morally-weak, ethically-malleable, minimally-qualified, institutionally-acceptable.
3. Such political hacks exist to please their next boss.
4. “Job Security”.
Forbes is a smart man
Thank you
Inflation has been a tax for the past 3 years!
if i worked 11 months id make the same as working 12 months because of taxes
Kudlow has the "Dream Team" here today! 🤗
It’s about control.
How about no tax
Yes, the real people
Tax and spend. Same game. The problem now is that we have hit the inflection point with money supply and deflation is nearly impossible. It will take severe rate increases and a bean and rice diet for 10 years.
Raise the national debt to an unsustainable level then you're able to text the rich with the support of the poor That's a fact.
If I lied to my boss I’d be let go....🙈
Bonjour, but terrible for them, and those envy
i payed my taxes own a house past i would get 2000 to 3000 back now i owe them 900 dollares some thing is wrong
I think we need to get our spending in check or tax reform can only do a little
....i think he doing that to attack the rich ,more than taking care of the nation, lying like hell
No it makes sense when you realize the rich means making minimum wage.
Democrats consider anyone who makes a dollar as rich.
I LIKE IT.FREEDOM!!!!!
Let the Americans vote on the fair tax act? It is a no brainer if America 🇺🇸 can get out of debt way more faster with the fair tax act!
if you can do without a credit card for a year i would agree with you.
@@diegojines-us9pc I don’t use any credit cards 💳
End the income tax, Have a 10% national sales tax for tithing to the just cause of government.
Take your US tax rate , double it , add 10% and you get Canada !
Dam
hahahahahaahhahahahahha
Well of course it is!!!
Lord Americans are in trouble.
Rich people who pays less than 25% taxes should not be talking about taxes.
Have the politicians pay this. They have more than enough from their insider trading.
Nope 10% flat tax rate across the board of the gross income - no deductions no matter who you are. You make money, you pay taxes. You don't make money, you don't but you also don't get any "refund". The nation would be wealthy.
I'd like to see details about the flat tax --- it sounds like an easy fix all around.
This makes too much sense, so it will never happen
Forbes Flat Tax! No loop holes! Everyone pays 17%. Simple, no more tax lawyers, overpaid accountants and IRS agents
Wouldn't work, the poorer you are.... the more you will be taxed........AND.... that Tax would be more like 35% instead of 17%
SO WAS COVID!!!
While I agree with most things being said, I have never agreed with Steve Forbes on a flat tax. It would essentially become AMT, which would tax lower and middle class higher.
67% say to much leaving 33% not paying enough so raise their tawes then all are happy 😊
Instead of our mindless flecks in our government we need more business men in our government. You know the ones that went to school and actually paid attention in economics class. If a Democrat was in on this conversation they would be screaming you are racist, because they would not be able to even discuss this subject.
What about if every person and entity paid a 5% tax rate. Period. No exemption.
It is about the wealthy paying their share...and that is a no no
Doesn't go with the Dems wanting socialism
They have to start implementing control so Ai can take over
Everything thing is taxed way too much! The us dollar " witch is useless " is taxed like 8 times!
Why is it that these companies don’t pay taxes
Stabilize dollar!
terrorizing the world exchange