42% Tax Rates if You Make $55K in Greece Currently, if you make the equivalent of $55,000 in Greece, your marginal tax rate is 42%. For clients who think that tax rates on “middle” income earners could never go that high in our country, remind them of what I shared with you a fe...
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Here’s a sobering thought. The average debt per capita in Greece is around $32,000. The average debt per capita in the U.S.? $51,000. If you add in the unfunded liabilities of the U.S. Government (what we’re required to pay by law for programs like Social Security...
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I. O. U. S. A. How Much Do You Owe The U.S.A. from Michael Katz on Vimeo. The first 25 minutes of this video offers the most concise an articulate explanation of our country’s fiscal straits I’ve seen to date. Take a moment to watch it and then ask yourself, “What am I doing t...
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This is a good graphic that illustrates the impending fiscal cliff facing our country come January 1st, 2013. The combination of spending cuts and tax increases promises to throw the economy into a tailspin unless legislation is enacted in the interim. Remember, the fiscal cliff in January is not to...
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Regardless of your political affiliation, the results of last night’s election have implications for the tax-free planners. Remember, David Walker and others have suggested that unless a “Grand Bargain” is struck next year, the solutions required to solve our nation’s f...
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