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Entitlement mentality prevails. The "benefits" funded through the tax collecting power of our government weigh heavily on us now, but the burden placed on our children will be even heavier. Remember, our government will tax us to pay for the entitlements that are promoted by special interest groups and voted in by the masses. Did you know the top 50% of income earners pay for 97.17% of these benefits? Do you think the US citizens, who represent the bottom 50% of earners, are going to vote for less assistance? Please take a minute to consider our national debt. These astounding numbers are dangerous! Freedom Strategy Group specializes in helping our clients to reduce their personal tax risks today and in the future. We'd love to help!
Data Source derived from Internal Revenue Service Tax Service Tax Statistics. (https://www.irs.gov/uac/SOI-Tax-Stats-Individual-Statistical-Tables-by-Tax-Rate-and-Income-Percentile) [Summary of Federal Individual Income Tax Data, 2014].