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Why should you be concerned about future taxes?

 

With our official national debt about to top $19,000,000,000,000 and tax rates at historical lows, raising taxes is one logical way for our country to combat the growing debt problem.  The diagram illustrates how we are historically in one of the lowest tax rates we’ve ever been in the past 95 years.

Tax Free Income

Top Marginal Tax Rates: 1916-2011

As you save money for the future, what type of vehicle do you think will be the best place to protect your money?

  1. A taxable vehicle where your gains are taxed at the current rate every year?
  2. A tax-deferred vehicle where your principal and interest will both be taxed at the future rate when you access your money?
  3. A tax-free vehicle where your money grows tax-deferred, but can be accessed tax-free at any time?

At Abrams Insurance Solutions, we specialize in vehicles that protect your money from market risk and receive preferential tax treatment in the future.  Learn more by watching the video on this page.

 

Chris Abrams

Mr. Abrams and his team have helped 1,000's of people get approved for insurance in all 50 states. Our mission is to save you time and money on your insurance purchase. You can learn more about who we are and read our client reviews. Feel free to send Chris a message here.

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