The WealthAbility Show with Tom Wheelwright, CPA cover image

The War On Wealth

The WealthAbility Show with Tom Wheelwright, CPA

CHAPTER

Will My Productivity Succeed When I'm Under 40 %?

In the 19 seventies, there were so many tax em loopholes and so many ways to avoid tax legally, that nobody paid 70 %. So what happened in 19 86 in the us. Is, ronregan very much broadened the tax base, and so tha, a lot more income was taxed. And then what's happened as we've had bracket creep? We're now, we're up to that 37 % rate, or forty %. And then you add the states, now you're at 50 %. You know, it's true. I don't think there's any question me. That are making a sizable, a decent amount are are paying forty to 50%

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