Taxes are the worst for those in the $150k-$1m income range
Wealth For Life with Denver Nowicz
English - August 18, 2023 20:24 - 13 minutes - 23.8 MB - ★★★★★ - 1 ratingInvesting Business News Business News business investing personalfinance retirement Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: 5 Strategies Millionaires Use To Cut Taxes By 50% and 5x Their Wealth
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You can easily be paying 30%-50% in taxes.
Take a look at the REAL numbers... 250k in tax payments =$1 Million in lost wealth.
Taxes are a guaranteed 30% to 50% loss each year.
Market losses are bad, but unless you sell, those losses are only on paper. Markets also recover.
Money paid in taxes is gone.
If your investments were losing 30%-50% per year, how long would you wait to take action?
People often underestimate the amount of wealth taxes drain off.
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