President Joe Biden’s latest proposal will skyrocket tax rates on capital gains from investments to average a shocking 48% across the nation. While the proposed tax targets wealthy individuals and families, the rest of America is not out of harms way. In this episode, Ron DeLegge @ETFguide explains who the tax affects, by how much and a far greater threat to the financial security of all Americans – not just the super rich.
Beyond explaining the problem of rising taxes, Ron explains how to protect yourself. Correct investment positioning must be combined with correct tax/asset positioning in order to achieve the correct investment outcome.
MENTIONED IN THIS EPISODE
Ron’s interview with David M. Walker about America in Debt and how income tax rates are set to skyrocket
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