Today’s episode is part three of David’s interview with Power of Zero Advisor Terry DuPont. 

Trump tax cuts were not permanent – David explains why 2026 is going to be a key year for that.

In his book Comeback America, former Comptroller General David Walker predicted that, by 2023, tax rates would have to double – or more – to keep the U.S. solvent.

David shares what he believes people should do in the next few years as the country approaches an “apocalyptic” scenario.

Terry DuPont is amazed by the fact that families and individuals don’t seem to understand the fact that the largest expense in their lifetime will continue to be the same.

According to Terry, the main issue is that people don’t calculate that expense into their future.

Terry asks David about the one thing he knows now that he wishes he knew when he started.

David opens up about the role David Walker has played in his journey as well as about his definition of success.

David warns people against letting a year go by without taking advantage of historically-low tax rates.

 

 

Mentioned in this episode:

David's books: Power of Zero, Look Before You LIRP, The Volatility Shield, Tax-Free Income for Life and The Infinity Code

DavidMcKnight.com

DavidMcKnightBooks.com

PowerOfZero.com (free 3-part video series)

@mcknightandco on Twitter 

@davidcmcknight on Instagram

David McKnight on YouTube

Get David's Tax-free Tool Kit at taxfreetoolkit.com

Terry DuPont

Comeback America: Turning the Country Around and Restoring Fiscal Responsibility by David Walker

Bill Clinton

David Walker on 60 Minutes

Why Your Taxes Could Double (2009 CNN article by David Walker)

I.O.U.S.A. (2008 documentary featuring David Walker)