No Matter Who Wins the White House, Your Taxes Are Going Up

July 22, 2019 –On this edition of Lifetime Income, Jim Puplava interviews lawyer and CPA Chris Hennessey. Much has been said about whether the new tax bill has been beneficial to the average American; Hennessey clarifies what the tax impact has been and for whom. He talks about the possibility of a national VAT tax (value-added tax) and what that would mean to the economy. He offers suggestions to how we answer the question “How do we solve Social Security and Medicare?” and the possibility of pushing-back the Social Security age. He also discusses the “Secure Act”, Roth IRA’s, the inevitability of taxes going up, and more.

randomness