How to Reduce Taxes? Let's Learn More About the U.S. Tax System ! (Feb. 2013)
Are you curious to know how the recent tax changes will affect you? The last time the top individual marginal tax bracket increased was 1993. The maximum marginal tax rate of 31% in 1992 was raised to 39.6% in 1993.
The U.S. has not run a budget surplus since 2001. Federal debt is more than 100% of GDP, the highest in over 60 years. When the present value of social security and healthcare liabilities is taken into account, the debt-to-GDP ratio may climb to more than 300%.
Find out how additional tax increases could impact your lifelong investments and portfolios at http://www.tinyurl.com/BFM-tax-022013