Not Your Average Financial Podcast™

Episode 84: The Past, Present and Future of Paying Your Taxes

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In this episode, we ask:

  • What does THEIRS stand for?
  • When did the income tax begin in the U.S.?
  • Why was the income tax established?
  • How can you save taxes legally?
  • What can you do?
  • What options do you have?
  • Are taxes currently high or low?
  • What were the tax brackets in 1929? in 1940? in 1942? in 1944?
  • Why the massive increases?
  • What happened with incomes and inflation?
  • What are victory taxes?
  • What are excise taxes?
  • When did withholding start?
  • What happened in 1946?
  • What reductions occurred after the war?
  • What is bracket creep?
  • How is inflation a stealth tax?
  • How much has the deficit grown?
  • Which is greater in the U.S., student debt or credit card debt?
  • How much do students owe?
  • Will military spending decrease domestic spending?
  • Who will pay for these rising expenses?
  • What about healthcare?
  • Who will cover the expenses for the elderly among us?
  • What about the interest on the national debt?
  • How much will the government spend on interest alone?
  • Do you think taxes will be lower or higher in the future?
  • Do you want to pay those taxes?
  • Would you like to watch our private webinar on tax?

    • ...more
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