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Hi. Thank you for your amazing content. I would love the idea of making a video on how to prepare investors for a potential Debt Crisis in the US. How to allocate capital? Would it be the end of the markets as we know it? Would investors move capital to other parts of the world? Etc
Thanks Andy. I hope we don't come anywhere close to an actual crisis and my view is there's still time to change course. The US stock market is different than the US government and one should not conflate the two. US corporations are more profitable than ever, the opposite of the government which runs persistent deficits. The crisis would have to become bad enough to lead to a collapse in the currency or an impairment in earnings to have a meaningful long-term impact on the stock market. No one is pricing in such an outcome today and hopefully they won't in the future, but historically global diversification would be one way to protect against a debt crisis in a given country.
US has been brok since leaving gold standard 1972/3? and even before that they fractioned gold so. inflate away debt has always been the thing for government. grandma gets hurt the most but she isn't around later to complain.
Great video. I'm a salaried professional in the 100K to 200K bracket. I pay 27% of my income in taxes. Why do the three higher brackets pay a smaller percentage than I pay? Worse than that, why do people making between 50k and 100K pay a higher percentage than the two highest income brackets? Just before this slide, you discuss the fairness of taxing tips. I believe this chart indicates what is unfair in our income tax scheme.
Thanks for watching Greg! Appreciate the question. The graph I showed in the video doesn't show tax rates by income group, it shows the share of total income taxes paid by that group. It was a negative share for 0-50k group because that group has a negative tax rate on average. The 50-100k group definitely pays a lower rate on average than 100-200k group, and those above 100-200k definitely pay a higher tax rate on average. US tax system is very progressive, and has gotten more progressive over the past few decades. I have argued it's actually become too progressive because nearly half of the country now has no skin in the game with a 0% or negative effective federal tax rate.
My mom gets social security and a small pension. She might be worth a few million because she owns 3 properties but she doesn’t have a pot to piss in, she hardly has any savings. It would be nice if she didn’t have to pay tax on her social security.
Turn the insights from Signal or Noise into actionable results. Get your free Wealth Path Analysis from Creative Planning today... creativeplanning.com/charlie/
Absolutely love the show! Would love to hear you guys talk about mega backdoor Roth plans… explained and advantages/disadvantages etc!
Thank you, will put this on the list for a future episode.
Thank You Charlie and Peter.
Thanks for watching Richard!
Thank you for this video.
Thanks, great stuff, as always. Regular listener from Poland.
Thanks for watching!
Great and fun! Thanks, Charlie and Peter!
thanks guys!!!! i love signal or noise
Thank you!
Helpful as always. Thank you.
Great to hear, thanks Biron!
Quality and reality
Hi. Thank you for your amazing content. I would love the idea of making a video on how to prepare investors for a potential Debt Crisis in the US. How to allocate capital? Would it be the end of the markets as we know it? Would investors move capital to other parts of the world? Etc
Thanks Andy. I hope we don't come anywhere close to an actual crisis and my view is there's still time to change course. The US stock market is different than the US government and one should not conflate the two. US corporations are more profitable than ever, the opposite of the government which runs persistent deficits. The crisis would have to become bad enough to lead to a collapse in the currency or an impairment in earnings to have a meaningful long-term impact on the stock market. No one is pricing in such an outcome today and hopefully they won't in the future, but historically global diversification would be one way to protect against a debt crisis in a given country.
US has been brok since leaving gold standard 1972/3? and even before that they fractioned gold so. inflate away debt has always been the thing for government. grandma gets hurt the most but she isn't around later to complain.
Great video. I'm a salaried professional in the 100K to 200K bracket. I pay 27% of my income in taxes. Why do the three higher brackets pay a smaller percentage than I pay? Worse than that, why do people making between 50k and 100K pay a higher percentage than the two highest income brackets? Just before this slide, you discuss the fairness of taxing tips. I believe this chart indicates what is unfair in our income tax scheme.
Thanks for watching Greg! Appreciate the question. The graph I showed in the video doesn't show tax rates by income group, it shows the share of total income taxes paid by that group. It was a negative share for 0-50k group because that group has a negative tax rate on average. The 50-100k group definitely pays a lower rate on average than 100-200k group, and those above 100-200k definitely pay a higher tax rate on average. US tax system is very progressive, and has gotten more progressive over the past few decades. I have argued it's actually become too progressive because nearly half of the country now has no skin in the game with a 0% or negative effective federal tax rate.
@allin has good coverage of the debit issue.
Incredible how much money Nvidia employees might get when selling
My mom gets social security and a small pension. She might be worth a few million because she owns 3 properties but she doesn’t have a pot to piss in, she hardly has any savings. It would be nice if she didn’t have to pay tax on her social security.
Sounds like she has multiple pots to piss in 😂
Hold on. You guys are against the idea of making tips and social security income tax free??