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Ep 153 - Rebelling Against Wall Street | with Chris Reid

Rent To Retirement: Building Financial Independence Through Turnkey Real Estate Investing

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The Taxes Are Going Up, Chris?

The top marginal tax rate, which today is 39.5%, used to be 95%. Back in 1955, every dollar you made in the top tax bracket was taxed at 95%. Conversely, back in 1955, the national debt as a percentage of our GDP was extremely low. Well, today, the unfunded national debt's probably over 40 trillion,. Our debt to GDP ratio, I think in the next couple of years is going to completely exhaust all our tax receipts.

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