Taxation in Retirement
Do you believe you’ll pay less in income taxes in retirement? Are you sure? In this video Retirement Designer J. Barry Watts of WealthCare in Springfield, Missouri talks about why people believe they’ll pay less taxes in retirement, about the reality that taxes are likely to go higher during the time while you are retired, and what you can do to protect yourself from higher taxes in retirement.
We’ve been living in a kind of fantasy land because we’ve grown accustomed to low-interest rates. We all know the story: As the economy tanked and stocks plummeted, the Federal Reserve pulled out all the stops, including a massive asset-buying binge and cutting...
In practice, taxing Team Robot would mean taxing the businesses that own the robots and use them to replace human labor. It’s really just a shift from taxing labor to taxing capital.