Oct 22, 2020
In 1986 President Ronald Reagan signed a tax reform bill into law that lowered the top income tax rate down to 28% from 50%. Overtime, congress has increased the top rate to 37%. Considering our national debt and the stimulus spending from the pandemic, it’s likely that more increases are coming. Then add the possibility that taxes will rise even more if there’s a “blue wave” in November, and the middle class is then left with an enormous tax bill. George isn’t focused on the right or left. Only educating you about the steps you can start taking today to be more tax efficient with your investments.