If the Trump tax cuts expire, taxes go up for everyone, not just the rich.
@russboatright23607 сағат бұрын
Dont buy Roth, nothing much for gubmint to void their agreement since they lack integrity.
@DavidMcKnight5 сағат бұрын
But they could do that on pretty much anything, right?
@edp25067 сағат бұрын
LOL this guy is just a professional's professional sales guy for life insurance. Why doesn't he show graphs to show people what he's talking about. He just keeps on yappin'. Typical crooked salesguy.
@ronaldmcdonald39657 сағат бұрын
She isn't an economist She is a politician and a tool of the ruling party, who grants her status , power, and perks. She is an Actor, who portrays herself as a kindly grandmother, to gain the trust of gullible citizens.
@juliesagatelian960312 сағат бұрын
Preach it Dave!! I use the bank to create wealth. The bank and I are business partners. It's called good debt!
@freemarketspeople351420 сағат бұрын
I’m so glad that Biden didn’t allow inflation to affect anyone making less than $400k. Oh wait, that who took the brunt of inflation.
@rugershooter526823 сағат бұрын
Trump's middle class tax cut......my taxman says my taxes will be $1000 less next yr due to these tax cuts.......next yr rolls around my tax liability is $18 less than last yr, he said it's because as soon as it passed they began chipping away at it.......and I'm on the low end up middle class, or high end of poor
@johnsoeder75623 сағат бұрын
They lie so easily. 🤬💩🤡
@pegleg5721Күн бұрын
Is this hobbit still looking for the ring? I can't believe she has a degree in anything. Has she had a lobotomy?
@tspaulding3845Күн бұрын
Tax loopholes that Trump put in place allowed major corps, billionaires and millionaires to pay NO to LOW FEDERAL TAXES causing the BIGGEST federal deficit this Nation has ever seen. Republican plan to pay that off involved cutting SS & Medicare that came out of OUR PAYCHECKS and making us apply to see if we qualify every 3-5 years. When called out by Biden about the plan within a few days McCarthy said they were off the table. Why would something that adds NO debt be on the table at all..."Why negotiate with your hostage" Matt Gaetz
@ralphbieker8104Күн бұрын
WE MUST NEVER, EVER, LET THESE CROOKS GET THEIR HOOKS INTO HARD WORKING AMERICANS AGAIN !!! “VOTE TRUMP, THERE IS NO OPTION”…
@theYoutubeHandleКүн бұрын
4% is not based on a 12% return. Also you need bonds, it's not calculated based on 100% stock allocation. 12% return is also a bold assumption. I don't recommend taking 4% every year. On good years you take more, put it in cash. On bad years, you can then put the cash back in the market. Because market will alway have good years and bad years. It will not be good all the time.
@nickfromm5315Күн бұрын
trump raised my taxes and took away many of my deductions
@scottjacob5269Күн бұрын
Great stuff Dave!
@glenn726Күн бұрын
How can a former Fed Reserve chairman lower herself to start lying for this administration?
@OneAndDone5150Күн бұрын
No brainer. Depends on money, pension, etc.
@DavidMcKnightКүн бұрын
Sustainable withdrawal rates do?
@drjojo5551Күн бұрын
Get this skeleton out of that office!! OR…..any other office!!!!
@billjoseph-vv6llКүн бұрын
This is click bait. Next time listen to the call.
@neolithic3Күн бұрын
There has been talk of a more realistic % being between 2-3% recently. We are likely not going to experience the markets growing at the rate they have been for the past 50 years. To suggest 8% is moronic and completely on brand for a blowhard idiot like Ramsey.
@eliechidiac9427Күн бұрын
Recently bought your book. Since 2021, I have been doing what you recommend Mitt Romney should do. Thought of it myself! Two more conversions this year and 2025, some years at 37% tax, some years at 32%. Now the Roth is in 7 figures and the IRA in 6 figures. But what i can't figure out is how much to leave in the IRA so the RMDs (in 7 years, at age 73) are just below the Standard Deduction for Filing Jointly. It's a WAG, a Wild Ass Guess. Depends on so many unknowns, 7 years from now. But my estimate of that WAG amount is around $800,000. What say you?
@DavidMcKnightКүн бұрын
Probably closer to $400k
@kerrylouden4833Күн бұрын
Very clear… Taxes go up along with inflation so everyone got hosed!!!
@evekko10Күн бұрын
Your talking about ultra wealthy people who can afford to "add" anything. Main street can't.
@evekko10Күн бұрын
Young people should not be in these policies!
@jonsobieralski6053Күн бұрын
Raising taxes strips you of power as a citizen. It will shrink the middle class, which is the point, so that there is less influence among that population which is the section of the voting public that is less influenced and more aware what politicians are up to. Shame on the government and shame on us for not keeping them more in check for the past 80 years.
@user-cz2uz4hj5gКүн бұрын
Yellen should resign
@andrewroth9175Күн бұрын
Hey David, how can you forget about the 14 day tax free Augusta rule? Question, if I own 2 homes can I double up my tax free income, 14 days x2 homes = 28 days tax free. Is that right?
@markmyjak7739Күн бұрын
I learned a long time ago, when it comes to taxes, read the bill/law. The politicians can say anything they want. They know the American People will never research it.
@halcooper6059Күн бұрын
By default JB has always done the exact opposite of DT. So yes JB will allow the DT tax cuts to expire. Kamala will then spin the idea that's it won't impact Americans.
@markmyjak7739Күн бұрын
Is that going to eliminate 199A deduction?
@joeb15226 сағат бұрын
199A expires on 12/31/25.
@dondyer3071Күн бұрын
David your thoughts. kzfaq.info/get/bejne/grSjqZd_u9SacYk.htmlsi=L_tCllfOM6m7xp5D
@joad47Күн бұрын
Who does this imbecile think is going to pay the taxes on new corporate taxes?.......those making less than $400K, that's who!
@rlstowe3Күн бұрын
The increase in business taxes will affect everyone. Business taxes are the big tax lie. They don't pay taxes, they collect them, first from their customers, second from their employees, and third from their investors.
@jcvjcvjcvjcvКүн бұрын
Look at the insane deficit.... it's either paid for by inflation, taxes or debt. The government borrowing sucks out capital from the private sector leaving less for productive investing. Ultimate you pay what your government spends... not wat it taxes.
@nomorewar4189Күн бұрын
Ask yourself - who do they owe the money to when the original amount is created out of thin air?
@johnolson3673Күн бұрын
Can somebody answer why we are tax so much
@davidmcknight8201Күн бұрын
Because we spend a lot.
@leonkellerhuis3642Күн бұрын
They spend too much time
@yorkpa3767Күн бұрын
Forgot the HSA ;) Another GREAT tool
@DavidMcKnightКүн бұрын
True, but does have a few strings attached.
@dondyer99Күн бұрын
Mr Wonderful is not a Person to take credibility. He single handedly scrutinized a Business Owner for wanting to make his product in America,, Because of that HE WAS OUT.
@johnmchenry8293Күн бұрын
FYI - Roth 401(K) --- the company match is not taxed. I only learned this recently. If you have $100K in your Roth 401, all the employer contributions and growth are actually considered to be in standard 401 as pre-tax contributions.
@DavidMcKnightКүн бұрын
As of Secure Act 2..0 you can now direct matches to the after-tax portion.
@joeyterry32162 күн бұрын
God democrats might be the most brain dead human beings in history !
@lawrencemarocco81972 күн бұрын
Another pathological liar of this bastard regime. They must all be criminally charged and punished.
@richdilorenzo81452 күн бұрын
WE need to STOP calling inflation a "stealth" tax. It is a TAX plain and simple. Call it that!
@markreid72 күн бұрын
It’s not a lie. My God. See what Obama did with the bush tax cuts. He cut it off at 320k. Do you think the R’s would say no to keeping tax cuts staying for under 400k? Oh, I see. You’re posting this to sell your bs.
@overlay56252 күн бұрын
But you won't get 12% realistically, period. George was 100% right
@villagecpa2 күн бұрын
“That’s part of the budget.” What the hell does that have to do with anything? The budget is NOT the tax law.
@ronvenghaus63542 күн бұрын
To Yellen: Biden has raised taxes on ALL middle class in the last 3 years 80% just in the Inflation this fool has imposed on us!
@mikebarker94672 күн бұрын
The pres is never clear
@GeorgeWashington-oe3ij2 күн бұрын
She is also now a multi-millionaire so doesn't give a care.
@myronchamberlain77342 күн бұрын
If the tax cuts expires everyone will pay more taxes the democrats are liers
@myronchamberlain77342 күн бұрын
Janet yellon is a lier she needs to retire
@ralphchamp75332 күн бұрын
The gov is just printing money, that devalues the dollar, that is a camouflaged tax increase.