A History of US Tax Rates
The highest marginal income tax rate has ranged from 7% to 94%, and is now well below previous highs at 37%.
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The highest marginal income tax rate has ranged from 7% to 94%, and is now well below previous highs at 37%.
The SECURE Act 2.0 made many mostly small changes to the tax code. The biggest thing for IRA owners to consider now is whether they want to convert balances to Roth before tax rates rise.
Most people find a conversation engaging if they are engaged in it, but this is backwards. We should seek for the other person to be engaged, which is only done when they are talking.
We are blessed with (too) many options for income that we receive, but these choices can be categorized into four broad categories: taxes, giving, living and saving. Taxes are a natural consequence of living in a civilized society and having income or assets.