-Here is a link containing the source material for each piece of research cited. I do my best to make my videos as accurate as I can, and the additional resources should help anyone who wants to look into them further - enjoy! docs.google.com/spreadsheets/d/1JTbwYs0KR8Vr7LVLaMCRxHPz6-HYB5R0stKERvAuLkk/edit?usp=sharing -Thanks to InVideo AI for sponsoring this video! Just go to this invideo.io/i/GrahamStephan and use my code “GRAHAMSTEPHAN50” to get twice the number of video generation credits in your first month.
@OwenWithAHammer
5 ай бұрын
neat
@henrythegreatamerican8136
5 ай бұрын
It's not about higher taxes. It's about taxing proper things. A good start would be a wealth tax on all assets owned at the end of the year at their current value whether you sell the asset or hold the asset. Do that, and the price of assets would drop. This would let more average working people afford things like houses for example. This would also reduce the need to go into major debt to own things as an individual. And it would help with the overall debt of the country.
@DjornNorthfield
5 ай бұрын
I hope everyone else is enjoying the government taking our money and sending it over seas!
@Philipmysolocup
5 ай бұрын
Rich guy that made his fortune as a price arbitration middle man for other people's housing is upset he is expected to pay his fair share into society. Truly incredible times we live in.
@WillN2Go1
5 ай бұрын
The sources are obscure, dubious at best. So the Wall Street Journal isn't reporting on any of this shocking news? Bloomberg is on the list, but it's just bond yields and the Fed Rate. Nothing at all to do with the crux of what Graham Stephan is trying to put over. This is like putting a stock photo of Warren Buffett above your article on the best snake oil investments. It's a fake display of integrity. the fact that Graham pulled this stunt should make you suspicious. This election year you have to be extra cautious. The Russian FSB is working really hard to sucker Americans into not voting or voting for Trump (who already said he doesn't support Ukraine or NATO.) It's a lot cheaper and easier for Russia to undermine our elections than it is to win the war they started. I don't think Graham is part of this, but that's why the Russians call them poleznyy idioty (useful idiots.) He's clearly trying to drum up support for Trump and the Republicans.
@jjquan7783
5 ай бұрын
Full transparency on where our tax money goes is by far the best thing for the US citizens
@MaxwellsAxiom
5 ай бұрын
War.... that's where it goes
@ignaciomiranda7579
5 ай бұрын
not gonna happen, the DOD has failed several times to show where our trillions of dollars goes. But hey, at least they are trying imma right?
@RaymondTusk74
5 ай бұрын
@@MaxwellsAxiomNo…it goes to social security, Medicare and Medicaid. Then defense and INTEREST on US debt are about 10% each. War isn’t even close.
@MaxwellsAxiom
5 ай бұрын
@RaymondTusk74 you tell me who's living better retirees soley on SS, people on Medicare, or defense contractors?
@RaymondTusk74
5 ай бұрын
@@MaxwellsAxiomIn your mind, is that an intelligent and relevant response? You claimed the majority, perhaps just the bulk of the budget is defense spending. It’s not. It’s around 10%. The post suggest the rich aren’t taxed. They are. They pay BASICALLY ALL OF THE TAXES. So respond with knowledge, not childish questions.
@tatianastarcic
4 ай бұрын
I don’t know how but you’ve managed to package an unbiased analysis that is more entertaining than the sensationalized segment of economic and financial news. Thank you for your efforts to be the signal and not the noise. I understand that the economy is currently in a downturn and that we must wait for things to get better
@berniceburgos-
4 ай бұрын
As hard as it may sound you can plan for the recession. If you are working, find extra work and get an Invest--advisor. Protect your deposits by having enough cash in short term fixed income. Then cut your expenses. Minimal insurance, cut utilities.
@BridgetMiller-
4 ай бұрын
I think the current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner
@nicolasbenson009
4 ай бұрын
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
@Michaelparker12
4 ай бұрын
Even if you have a humongous income you still need to draw up futuristic plans because anything can happen. One could lose one's job or whatever. Investment cannot be overemphasized. About your advisor, how does one reach pls
@nicolasbenson009
4 ай бұрын
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
@maxkudos5343
5 ай бұрын
The government will always ask for more water to fill the bucket rather than trying fix the hole in it.
@keithnsearle7393
5 ай бұрын
You are correct there.
@belindamiller6349
5 ай бұрын
Perfect analogy.
@riserjenkins811
5 ай бұрын
Not only does the bucket have holes in it but they keep drilling more holes; while complaining there is never enough water in the bucket. But at least the politicians get to line their pockets and become rich. Aint corruption great.
@joshmuirhead1154
5 ай бұрын
Absolutely. Wreckless spending.
@RyanEstep5877
4 ай бұрын
They PUT the hole in the bucket.
@logancollins6299
5 ай бұрын
Being a US tax payer is like being in a relationship with an unattractive gold digger.
@FreeComputerTutor
5 ай бұрын
LOL, perfect line.
@occupytosavetheworld
5 ай бұрын
Always nice to have two of those in your life
@Greg3
5 ай бұрын
If you're not buying Byte, youre missing out on the next Shiba Inu. Ask Grok about Elon's AI dog and you will realize why.
@rdebortoli
5 ай бұрын
Compared to almost every other country…it’s just a gold digger…
@AlexanderTheGoodEnough
5 ай бұрын
Worse, a gold digger with kids from another marriage that you know will become homeless if you kick their mother out of your life.
@Mxyamaharider
5 ай бұрын
And we fought a war over a 2% tax....
@quantumtechcrypto7080
5 ай бұрын
Actually we defined our independence but now the imperialist Britain is in bed with Israel as is Canada and of course big Israel….amerika
@DonnieDarko727
5 ай бұрын
Actually the elites got.held back by the King to not go past the Mississippi. That's why the Revolutionary War started. Lay off the kool-aid
@VoodooPanda1
5 ай бұрын
Yeah, just a 2% tax. Nothing else you're forgetting to mention here...
@2ndexplosivebullet
5 ай бұрын
@@VoodooPanda1doesn’t change the fact that Americans in this day and age are pushovers. Taxation without representation and legalized bribery in the form of lobbying what you think the founders would have done in this day and age?
@whorhaydelfuego7190
5 ай бұрын
The tax wasn't the issue, it was the not having any representation among the legislative body levying that tax.
@DMDBSJD
5 ай бұрын
20+ year Tax Attorney here . . . very well done! Great analysis and explanation of a very complex area of law.
@irfanAbdulsamet
5 ай бұрын
With AWMKPX this year is way different and way more powerful as well. These guys did everything right and they can only improve more and more, love it
@MortimerHeddlesten
5 ай бұрын
Better than XRP, better than ADA, better than any AI coin
@AlberthaPasek
5 ай бұрын
Can I get it without my Amazon acc?
@Egemen-m2d
5 ай бұрын
How can one comment be more useful than anything I saw on this video?
@AlberthaPasek
5 ай бұрын
Someone should talk about it, review or something...
@milan-vm6ir
5 ай бұрын
It's worth the time to get to understand it better, most powerful company in the world making a coin isn't playing around
@ThereaPugh
5 ай бұрын
Bought AMS89H at 1$, I will keep it until 2025 when it reach 250$
@chanduyadavavula6549
5 ай бұрын
What do you think sets AMS89H apart from other projects? It seems to be dominating discussions lately
@TabrezAnssri
5 ай бұрын
This is good project from Amazon
@Faizanshah78655
5 ай бұрын
Much better than all those shits altcoin with no utilities
@NuraniCartoon
5 ай бұрын
thanks for sharing, I just bought it
@pankajjha583
5 ай бұрын
very promising
@Mrbigglesworth777
5 ай бұрын
The government taxing unrealized gains is the equivalent of me claiming my sperm as dependents
@yourloyalfollower6667
5 ай бұрын
😂😂😂
@ssj4achilles57
4 ай бұрын
😂😂😂
@pauljohnson8688
4 ай бұрын
So if the govt can tax unrealized gains, can I write off unrealized losses?
@blakemcleroy4812
4 ай бұрын
Fn golden 😂
@ledzeppelin1212
4 ай бұрын
Haha nice!
@NWforager
5 ай бұрын
tax on UNREALIZED gains for average investors is an INSANE Money Grab . Its not like the Gov is efficient at using using taxes .
@WillyJWill
5 ай бұрын
How much money do you think average investors get from capital gains every year? Lmfao
@AlexanderTheGoodEnough
5 ай бұрын
Only applies if your net worth is over $100 million. Plus any payments are credited against the final tax bill. Still, it screws things up royally without really addressing the fundamental issue. Best bet was always tax reform by reducing its complexity and closing loopholes, not adding in more to complicate everything further.
@ethansmith8813
5 ай бұрын
@@AlexanderTheGoodEnough In the beginning of income tax. That's how they sold it. Said only for the rich. Then used salami slice tactics to tax everyone
@JS-fd5oh
5 ай бұрын
@@AlexanderTheGoodEnough Credited? And what happens if you sell for loss? Do you really think they will return your "credited" money immediately? Or it will be a slow painful boiling process?
@illhaveanother8173
5 ай бұрын
This won't even effect the creator of this video. You need a portfolio worth over $100 million for it to happen to you. That's still an easy life and not worth shedding any tears over.
@EricMiao2017
5 ай бұрын
The honesty at the end of the video regarding the exhaustive research is heartfelt. Looks like a lot of preparation (and reading/digesting) went into this one. This video summary is much appreciated!
@loganthomas7443
5 ай бұрын
Definitely want more videos like this. You keep us well informed.
@jamiemoyer5839
5 ай бұрын
Government be like “reduce spending?!, nah, we’ll just raise taxes and keep spending.”
@DG-mk7kd
5 ай бұрын
buying votes with other people's money
@steveetier3025
5 ай бұрын
My thoughts exactly.
@JeikuAnimeReview
5 ай бұрын
*Prints TRILLIONS* *Sends billions to foreign countries* "Inflation is high? Lawl, too bad, pay more taxes!"
@CountBeefy
5 ай бұрын
They print money. No need to tax more. They literally just want us all to be broke/slaves to the system
@nicolasgirard2808
5 ай бұрын
@@JeikuAnimeReview What should they cut?
@FrankBendler
5 ай бұрын
In Germany we pay so much taxes that it drives me crazy. You earn 100$ : 20% of VAT, then 50% of that for income tax, then you have to pay like 15% trade tax, plus special payments like the IHK, and even when you make money with your taxed money they have taxes for that to. I will be so happy when I leave Germany. Can’t stand this any more
@MrJeffgonz
5 ай бұрын
That's nuts 🤯 with that said, I love visiting 🇩🇪 , you have a beautiful country.
@pavelsamsonov8061
5 ай бұрын
Don’t forget that when you finally get to put your hard-earned coins on your bank account and buy something you will also pay "hidden" taxes that is essentially an increase in price from the vendor to pay taxes from
@RaymondTusk74
5 ай бұрын
The taxes and living expenses are so high that I got paid an additional 30% just to break even with what I’d make in the US. All my neighbors thought I was rich because I rented an average apartment as a 25 year old and had a car too. By their standards, I was rich.
@Jbkwoohooyeeha
5 ай бұрын
That’s exactly what the globalist shits are trying to make the us into. I pretty much agree with how the Argentinean president says it.
@vegasprogambler5336
5 ай бұрын
sure, but you have 'free' healthcare...lol!
@KillerChickenz01
4 ай бұрын
i feel like they're trying to punish billionaires but don't realize how unfair this is to ordinary people.
@tanner3484
4 ай бұрын
A unrealized gain tax of over 100m Is unfair to normal people how?
@KillerChickenz01
4 ай бұрын
@@tanner3484 I was referring to the capital gains part
@bretthenning3419
3 ай бұрын
@@KillerChickenz01 yea people not paying attention to that, that is gonna hurt us normies hard, good luck getting that retirement account!
@10Satoshi15
3 ай бұрын
@@KillerChickenz01 average US household income is roughly $60k a year... most normal people dont worry about capital gains
@airplanekiwi6019
5 ай бұрын
Primary residences should be exempt from capital gains taxes
@Hunter200012MC
5 ай бұрын
I never even thought about that. I 100% agree. Especially if you lived in the home for a long while. Maintaining it, and paying property taxes along the way. Thanks for your insight. Very good idea.
@LatinxBaddie
5 ай бұрын
They are for over 400k
@DryEis
5 ай бұрын
@@LatinxBaddie 250k for single filers, 500k for mfj.
@Dgnmuse
5 ай бұрын
They are and in Canada they are too. I don't feel bad about the wealthy being taxed more.
@disenfranchised2.073
5 ай бұрын
They shouldn't be taxed at all. Even so, they should only be assesed at their last sale value, not appraised values. This is why so many people, especially elderly, end up losing their homes.
@AlexWinkler
5 ай бұрын
If I'm paying over 50% taxes (this is already way too much) I don't care where I'm living I'm moving
@NsLHD
5 ай бұрын
DING DING DING this!!!!
@HepCatJack
5 ай бұрын
It depends. If you own a popular restaurant in a great location then moving would also take you from your source of profits. The taxes used to be over 90% for high earners and they just found a way to increase expenses and / or interest costs so that their earnings would be much lower. Paying back debt, increasing wages, taking advantage of a discount on a needed merchandise and purchasing more than needed early on.. Amazon hasn't paid taxes in years because they put all of their money back in the business, found R&D etc.
@quantumtechcrypto7080
5 ай бұрын
If you’re in Zionist America best of luck.
@OctagonalSquare
5 ай бұрын
@@HepCatJackno, the highest bracket was that high. No one has ever spent 90% of their income on taxes. It’s only the upper part of their income. That’s how marginal taxes work
@cherub0nyx
5 ай бұрын
@@HepCatJackyeah its all about tax deductibles.
@TheErvdoggie
4 ай бұрын
Wow Graham! I've not seen such a thorough and easy to understand breakdown on the topic. Love your videos and perspective. Always learning from your vids! -Erv😄
@DieselMcBadass1
5 ай бұрын
Only if the government focused on reducing costs of operation and had fiscal discipline instead of finding ways to take it from the common person to fund their reckless spending.
@patricklacey4946
5 ай бұрын
This is a key point that never receives the proper amount of attention unfortunately
@LemmonDP
5 ай бұрын
The problem is, the government has no incentive to reduce operation costs because its not their money that they're spending, its ours. If the financial stability of the government was directly tied to THEIR income, we'd quickly see a change in behavior. as far as im concerned, there should be an amendment that states that if the government over spends in a given year, that extra money is taken from government employee salaries starting with congress.
@DFB-1990
5 ай бұрын
Exactly the US government needs to go on the Dave Ramsey plan or something because the government is horrible with our money!
@2ndexplosivebullet
5 ай бұрын
Well it’s not like this will change who you’re voting for anyway so why would they? when they know for a fact there’s no consequences for their actions?
@ronblack7870
5 ай бұрын
they take it mostly from the wealthy and super wealthy and the common man pays very little of the tax burden. rates don't matter , it's actual dollars paid and the top 10% pay most of the dollars
@dkrueger85
5 ай бұрын
Thanks for the awesome info. Doesn’t go unnoticed how much work you put into this video.
@GrahamStephan
5 ай бұрын
I appreciate that!
@ChristianHipHop
5 ай бұрын
What I think most people don’t really talk about in these conversations is with the value of money continuously going down before we know it $1 million a year income might be lower middle-class 🤔… eventually almost everybody will be paying it however, the richest of the rich will still and always have a way not to pay. These increases eventually only hurt the working class.
@JaylenNewlon-wt4ch
5 ай бұрын
Very big bugs are happening today!!! It is exchanging for almost 9x... I just showed in a viddd
@LanceT.
5 ай бұрын
It reminds me of trying to exercise your way out of a bad diet. It's easier to not eat a candy bar than it is to burn 300 calories on the treadmill. I wish government spending was perceived the same way. I totally agree with you that it's those of us who are W2 employees (especially higher income earners) who end up paying the highest taxes because people who are making their income through investments have the flexibility, time, and know how to avoid taxes.
@itskelvinn
5 ай бұрын
The human body is so efficient with movement, that exercise is a waste of time if it’s for purely weight loss. I’ve had to explain this to so many people over the years who think that they’ll walk for 20 minutes a day and then automatically be in a 500 calorie deficit
@LanceT.
5 ай бұрын
@@itskelvinn It's incredible, right? And studies have shown that we when we burn a few extra calories, we often end up eating enough extra food to offset what we've burned.
@elhazelrah
5 ай бұрын
Very well said! The government is acting just like the person pigging out at a buffet saying we’ll burn it off when we start at the gym Monday!😅
@Simbecile
5 ай бұрын
The problem is that a lot of government spending goes into things that circulate directly into the economy. We have a huge social society and Medicare bill, but if we cut that spending, we not only screw over people who worked for it, we cut the money they put into the economy.
@adamv6753
5 ай бұрын
The issue is we cant reduce spending. The past borrowed so much from the future that it fucked us over. Also lets not mention all the states with low taxes but then expect the federal government to subsidize them.
@StephenShreds
5 ай бұрын
Honestly this is the first video of yours I have clicked on in over a year or so so I’m here for this type of content.
@belisarius7880
5 ай бұрын
Inflation is insane. I'm working more overtime than I've ever worked trying to save for a house. My dollars earned are worth less than ever before because of inflation. And now they want to raise taxes on me on top of it. No thanks.
@UltraGiantMeteor2024
5 ай бұрын
Imagine if these companies that have SO MUCH EXTRA profit were to…idk…hear me out…give their WORKERS raises instead of buying back their shares or continually pay out bigger and bigger dividends? It’s odd that Graham didn’t mention “giving workers a pay raise” as one of the options corporations had. He deliberately omitted it. It’s hard for someone like you or me to feel bad for someone who is going to have to START paying the same tax rate WE’VE been paying forever lol
@nobordersfilm
5 ай бұрын
Unless you’re making over $400k a year, this doesn’t affect you.
@chaddwickg5276
5 ай бұрын
@@nobordersfilmwrong.
@user-ij9bs9ke9j
5 ай бұрын
@@chaddwickg5276do go on, enlighten us..
@UltraGiantMeteor2024
5 ай бұрын
@@nobordersfilm 5:13. The brackets on the left are the brackets that would go back into effect if they eliminate the Tax Cuts and Jobs Act. The only tax bracket that didn’t go up is the 10% tax bracket. Every other bracket goes up. Either you didn’t watch the full video, or struggle with comprehension…if @belisarius is working overtime, they are not in the 10% income tax bracket by definition. It’s not exactly rocket science
@joe62845
5 ай бұрын
No reason the government should make more than the person who made those capital gains. What is the point of investing or working if you give that money way to the government.
@notnilc20
5 ай бұрын
Yeah the Government takes zero risk of the investment but gets the benefit of the gains? Sounds like robbery to me.
@theripper121
5 ай бұрын
Yep, strips all motivation when the government has their grubby hands over half what you make. Why bother anymore.
@stevo-dx5rr
5 ай бұрын
The federal government doesn’t “make money” from taxes. It makes money by printing it and spending it. It takes the money back when it taxes. The federal government is, in a very real way, a big part of reason why the stock market is so huge right now in the first place. Thank the Fed’s policy of 10+ years of 0% interest and massive stock purchases for juicing up your portfolio.
@john1023va
5 ай бұрын
@@stevo-dx5rr The Fed isn't actually a part of the federal government. It's a separate entity much like the IMF and the World Bank.
@ahopefiend1867
5 ай бұрын
Don't put investing and working in the same sentence. Investing requires no effort.
@yesitsdave6514
3 ай бұрын
Graham, you do good work sir. Thank you for that excellent explanation and analysis.
@Carsonk7272
5 ай бұрын
I think what bothers me most about the media surrounding taxes and all the political figures that advocate for changing the tax code is that any sort of rule that allows for lower taxes in certain circumstances or provides some kind of tax advantage is ALWAYS deemed a "loophole". The word loophole implies that those that take advantage of any available tax benefits are circumnavigating the law in some way to get an unfair advantage. These "loopholes" are literally written in the tax code and their sole purpose is to lower taxes 🤦♂️
@crecasens
5 ай бұрын
They’re also written in the tax code so that multimillion dollar politicians can take advantage of those loopholes!
@nachoisme
5 ай бұрын
What’s the ‘loophole’ that people make 35k, 50k, 75k, 100k a year are not taking ‘advantage’ of then? What’s the secret those people are missing?
@gorkyd7912
5 ай бұрын
@@nachoisme People in that income range can buy an EV to take advantage of green energy "loopholes" for example. Spend money on EVs vs equal priced gas vehicle would result in lower overall tax therefore lower rate.
@nachoisme
5 ай бұрын
@@gorkyd7912It’s funny you think someone making 35 or 50k can afford a Tesla to get that tax break. Even a person earning a 100k could be tight depending on other circumstances. …and that’s my point though…in order to get tax ‘breaks’ you need to earn money and generally the more you earn the more you can take ‘advantage’ of the breaks.
@crusherven
5 ай бұрын
@@nachoisme The EIC comes to mind. Or the standard deduction, which at $35k is most of your taxes. There's also itemizing deductions which may or may not help, depending on your situation. You can claim dependents to lower your taxes, too. File jointly. Get some livestock to get an ag exemption. Invest in a retirement account. The "loopholes" are exactly like those--the gov't decided to incentivize certain behavior like having kids, buying a home, getting married, farming, buying EVs or solar panels, etc. Also, for good or bad, I know a lot of people making under $100k with expensive cars, so I don't know why you're acting like the idea of getting an EV is preposterous.
@PauloNideck
5 ай бұрын
Is it fair or is it punishing people for making money?
@noname-nu6oo
3 ай бұрын
Sounds like communism
@why6212
5 ай бұрын
We need to cut the government by 50% or more, and cut the budget by 75%
@Devistech
5 ай бұрын
Every time you drop a video it’s a gem!!
@GrahamStephan
5 ай бұрын
Thank you!
@a1r3x
5 ай бұрын
Tax increase is pointless. It’s never enough.
@GrahamStephan
5 ай бұрын
Spending just consistently outpaces revenues
@theedwardian
5 ай бұрын
It's not pointless when you realize the goal is simply to impoverish the populace. We're not dealing with a desperate robber who'se just trying to feed his family, we're dealing with Ted Bundy.
@Madchris8828
5 ай бұрын
If it were up to some in government they'd be taxing us at 95 percent of our income. The money the get will never be enough
@metalgirl
5 ай бұрын
Yep… are government will never pay back our debt.
@stevo-dx5rr
5 ай бұрын
@@GrahamStephan I’m sure you’re familiar with MMT. Although its usefulness as a policy tool is pretty debatable, its analysis is correct in noting that federal taxes are not government revenue. Government prints money and spends it into existence, and reclaims it via taxes to tamp down on inflationary effects and to keep people obligated to government. Perhaps it’s pedantic to say it, but I think it’s worth saying because it’s better to have an accurate mental model. Otherwise it is easy to get hoodwinked by oversimplified arguments about government spending and responsibility. Like, you could have said, “inflation is becoming a problem and government needs to find ways to reduce it”, which might mean we lower spending, or fund the IRS to enforce the tax code, or raise taxes, or run other programs to offset inflationary pressures.
@carynbecker2752
17 күн бұрын
Well done! Thanks for breaking it down so well!
@MarcustheCPA
5 ай бұрын
Once again, this will unfortunately end up hurting small business owners disproportionately. The $1 million threshold is just way too low. Mom and Pop with a $3-5 million business do not have access to the same financing/LOC arrangements as someone with a $30-50 million business, let alone someone with $80-100 million in publicly held stocks. Banks are less likely to loan money against the value of the small business, so they are forced to sell and pay a ridiculously high tax rate if they want to retire. Meanwhile, the wealthier folks can "wait it out" by taking on lines of credit against their pledged assets until capital gains rates come down again.
@JamesWillis-yy5px
5 ай бұрын
Business owners are going to leave the nation. This will destroy the poor the most.
@Madchris8828
5 ай бұрын
That's exactly the point. This is going to corporatize this country to where only extremely large companies will survive. Competition? Lol what's that
@elkillerx
5 ай бұрын
Very well said!
@stcosyem
5 ай бұрын
@@JamesWillis-yy5px leaving the nation isn't hurting business owners tf? Those small business owners wouldn't even be able to leave because the government raped them of their money to send overseas in the first place
@zlr9022
5 ай бұрын
the ultra wealthy will never be taxed, its always the middle to upper class.
@NitishNirala-p8o
5 ай бұрын
Thank you so much for including AMS66P the last time.
@TheEZOOD
5 ай бұрын
Smells fishy, really fishy
@DaquanHowell
10 күн бұрын
Great video! I appreciate you making this!
@chaydonofallon1352
5 ай бұрын
Regarding the house example. We do pay increased property taxes based on the increase in value of the house. I haven't sold the house and realized the appreciation, but I am already paying more taxes every year because of the appreciation.
@hanglu1335
5 ай бұрын
Property tax is levied by local government, bro.
@Madchris8828
5 ай бұрын
And in any case that shouldn't be a thing either imo. Value is just interpreted. One mans junk is another mans treasure. Seems pretty stupid to me.
@chaydonofallon1352
5 ай бұрын
@@hanglu1335 was the argument you can't tax unrealized gains? Because if so, a lot of people should sue the local governments for repayment if you can't.
@zonk1477
5 ай бұрын
The issue is houses go up faster then inflation and faster then your wage increases. So it's not right to pay more property taxes each year if your wages don't increase by just as much. That's by effect a higher % tax rate to your income.
@Lea_LSD
5 ай бұрын
I love the laid back approach to your videos, they are so much more enjoyable to listen to
@melodytime9189
5 ай бұрын
I don't really comment on video but I just wanted to Thank you for talking about this and putting so much research into this!
@deafmute2501
5 ай бұрын
With the feds being this hard, I can see why cartels exist. They don't have to pay taxes.
@rickjames4031
5 ай бұрын
Yessir
@JamesSmith-qe1mn
5 ай бұрын
There’s always a tax in life, my friend.
@scadet17
5 ай бұрын
And churches. Lots of churches.
@JuuzouRCS
5 ай бұрын
Blood taxes...
@marcofregoso1195
5 ай бұрын
@rockysivilayThey def don't have to. That's just so they can "legally" and more easily move their money in the system. I'm in Argentina right now, the highest most common bill here is $1000 ARS. And I'll send myself money to avoid foreign transaction fees. Sometimes I'll get an occasional nice dinner, and it's usually $15,000-$20,000, it gets annoying rather quickly. Even street vendors don't carry cash. I imagine that's what drug lords have to deal with. Must be hard to be a criminal with inflation nowadays
@johndeering4164
5 ай бұрын
This is actually helpful. Continue with these videos
@loisavci3382
5 ай бұрын
The problem with a 1031 exchange: Suppose you have a paid-for residence and a paid-for smaller house you've been using as a rental unit. You get older and think it would be expedient to sell your main house and downsize to your smaller house. The tax code penalizes you heavily for doing so; you may not be able to afford to go to the other house you already picked out and paid for.
@GrantBuehrer-oo3yz
5 ай бұрын
Why couldn’t you sell your primary, take the $500K MFJ exclusion (or $250K exclusion if filing single), then move into the rental in that scenario? Your capital gains tax would at least be significantly mitigated that way. You’d probably be able to purchase another rental property with the net proceeds too if you want to continue generating rental income in retirement.
@loisavci3382
5 ай бұрын
@@GrantBuehrer-oo3yz what is an MFJ exclusion?
@GrantBuehrer-oo3yz
5 ай бұрын
@@loisavci3382 MFJ is short for “married filing jointly.” The first $500K of capital gains on the sale of a primary residence are excluded for married taxpayers filing jointly ($250K exclusion for single taxpayers). For example if you bought your primary home for $200K and sell at after it’s appreciated to $600K, your $400K gain would be nontaxable since the gain would be less than your $500K exclusion provided that you’re file jointly with your spouse. In other words, the 1031 exchange isn’t necessary for most taxpayers when it comes to selling their primary home since the statutory exclusion makes the sale effectively nontaxable in most cases. As a quick disclaimer, though, the same example I used above would result in a $150K taxable gain for a single taxpayer.
@loisavci3382
5 ай бұрын
@@GrantBuehrer-oo3yz If you sell your primary residence, you pay taxes on the full appreciation (minus the cost of improvements you made to the property). The exception is that you can exempt any portion of that appreciation that you spend on buying another residence. If you already fully own your rental property and move there you lose that tax exemption.
@funnyman1ization
4 ай бұрын
This is what the video's host doesn't understand.
@shawn544
5 ай бұрын
Im in the bottom of the middle class and im for less taxes for EVERYONE. Our politicians have a spending problem. We cant fix that by giving them more. We fix it by giving them less and also letting them borrow less from our future. They've spent so much in the last few years it makes my head spin!
@mateograndpa1760
5 ай бұрын
No party is for you. Its all about loopholes
@kaczan3
5 ай бұрын
Most of government spending goes to chicks, directly or through all the chick groups, so they will never let you reduce spending.
@panda.paradox.91
5 ай бұрын
@@mateograndpa1760 "no party is for you".. even though most Americans would agree with you.
@zonk1477
5 ай бұрын
@@mateograndpa1760 Did you read the new tax proposals it closes all the loopholes.
@funnyman1ization
4 ай бұрын
Giving them, more? You mean giving Ukraine, more, right?
@KYC_KnowYourCrypto
5 ай бұрын
Although an exhausting amount of information, definitely one of your best videos... 👍 Thanks Graham 🙏
@dyrik
3 ай бұрын
great video man, thanks for all the work that went into this!
@TheRussianGenius
5 ай бұрын
I've been here in Denmark for 10+ years, and I spoke with a friend of mine about selling things, creating businesses. We found out if we make in a year over 580,000 DKK approx. ($84,000 US) our tax rate becomes 58%
@GrahamStephan
5 ай бұрын
Wow, yeah - other countries tend to be much higher!
@kgal1298
5 ай бұрын
Right! It's funny how people act like the US has a high tax rate when other countries pay way more.
@ronblack7870
5 ай бұрын
@@kgal1298 it's why we have most of the great innovative companies in the usa. because there are a large number of investors who have money and invest in startups . if taxes are high there are far fewer people with loads of cash to invest in startups. but those societies are more equal. so there are upsides and downsides
@ameanal-abij6415
5 ай бұрын
@@kgal1298just because other countries pay way more doesn’t mean we don’t have a problem here in the US. Other countries are paying way more because they didn’t put their foot down from the very beginning.
@Dgnmuse
5 ай бұрын
@@ameanal-abij6415they also have much better healthcare and services LOL I'd gladly pay tax for that
@gregmack4714
5 ай бұрын
If you don’t have capital gains you think the tax is to low. But once i started investing it pissed me off that the government gets a percentage when they took no risk. Not to mention invested with money (my salary) that was already taxed by the government.
@larryjones9773
5 ай бұрын
You only get taxed if your investment produces capital gains. You get a tax deduction if you have a capital loss. And, the capital gains tax rate is a preferred rate (0% on the first $47,025 for 2024). If your investments are in a retirement tax deferred account, you don't pay taxes on your contributions, until withdrawn during retirement. Plus, you don't pay taxes on any gains, until withdrawn during retirement. If you want to never pay taxes on your investments, invest in a Roth IRA. You will, however, have to pay taxes now, on your contributions to a Roth IRA.
@stevo-dx5rr
5 ай бұрын
Ignorant and angry.
@LizThomas-dp7sr
4 ай бұрын
@@larryjones9773 Did you watch the video? They want to change that so you're taxed on 'wealth' not 'income' or 'profit' meaning you will have to pay tax on all investments BEFORE you sell them and actually make any money. This will prevent lower income investors from actually being able to invest. Once against screwing over the little guys while claiming to go after the rich.
@larryjones9773
4 ай бұрын
@@LizThomas-dp7sr Biden's plan to tax unrecognized capital gains will only impact about 1,000 Americans (those with over $100,000,000 of investments). Relax, you aren't impacted.
@billsmafia1783
5 ай бұрын
You don’t pick sides because you don’t want to get canceled LMFAO
@siphonicdanox
4 ай бұрын
it don't matter, this administration needs to go.
@JustinPratt1
4 ай бұрын
@@siphonicdanox And what do you think the other side will do? trump increased spending every single year he was in office from obamas spending. He pushed the fed to keep rates low, even suggested negative rates, passed a horrible tax plan. What in his last admin makes you think he will fix anything? What will he do to fix anything? Please, be specific on his plan.
@JustinPratt1
4 ай бұрын
@@worduprussia8298 But again, what is trumps actual plan on inflation?
@bretthenning3419
3 ай бұрын
@@JustinPratt1 oil
@ISILENTNINJAI
3 ай бұрын
Nothing wrong with that. NOT his fault so many people on the internet with fragile egos.
@SolveFixBuild
5 ай бұрын
Government should reduce headcount by 50% and go from there.
@jess_o
5 ай бұрын
Wouldn't even be a drop in the bucket. The real waste is in our "defense" spending. We the people get raked over the coals by defense contractors
@lordshard3018
5 ай бұрын
@@jess_o to the tune of being more expensive than the next oh I don't know 65% of the damn planet combined.
@happycakes1946
5 ай бұрын
@@jess_o Interest on the debt is now the second highest expense in the budget at 1.2T. Only social security is more at 1.4T.
@FinanceNinja
5 ай бұрын
@@jess_o Social services is more. Heck, debt interest is more too. Although I'm in the "cut spending everywhere" category. I don't care what it is, cut it.
@metalgirl
5 ай бұрын
Yes yes… but they are hiring more especially more IRS agents so they can get more money from us!
@Kdogwess
5 ай бұрын
Our research hero
@bonman_
5 ай бұрын
Graham really told the government to start a budget 😭😭 23:05
@Likeaworm
5 ай бұрын
They do. It’s gotten far to big and unsustainable
@search4ubi
5 ай бұрын
Stephan/Ramsey 2028!
@benjaminlynch3209
5 ай бұрын
Rice and beans congress. 24:45
@vincentyou7994
5 ай бұрын
From telling us to start one to telling the govt 😂 he’s back to his roots!
@Stevek171
5 ай бұрын
Be careful Graham, suggesting a full audit of the government might get you the same treatment of a Boeing whistleblower 😂😢
@stephenheimsoth845
5 ай бұрын
I really appreciate the fair assessment of all the proposed changes
@PrinceMeena7073
5 ай бұрын
AMS66P for me.... Great to see it going up.
@TheEZOOD
5 ай бұрын
Smells fishy, really fishy
@destroya3303
5 ай бұрын
lol
@brandoncue3013
5 ай бұрын
As a CPA I will tell you now that unrealized gains will never be taxed
@larryjones9773
5 ай бұрын
Why not? It's a huge loophole. Most everyone knows their unrealized gain amounts. I'm an accountant. I never had the time or need to take the CPA test.
@TheBudgetWarrior
5 ай бұрын
Many years ago the tax collector visited homesteads and tax was levied according to the value. My grandpa was a tax collector back then (aka government man). I wouldn’t put a move like this off the table just yet.
@Maurinusa
5 ай бұрын
It shouldn't be in a sane world but never underestimate how stupid the government can be
@cameronthomas4392
5 ай бұрын
@@larryjones9773 How is it a loophole? That makes zero sense. If you are still holding a stock you are exposing yourself to RISK. I think the problem is that everyone on the left is bitter that other people are willing to take more risk than them. If Bezos never sells stock, yea, he's not going to pay taxes, BUT he's also taking the risk he'll lose 50% of his entire wealth in a recession/depression or if something were to happen to the company. Democrat politicians seem hellbent on taking money via taxes vs. letting recessions tighten the wealth gap...we always have a massive spending spree vs. an asset price reset WHICH IS GOOD FOR THE MIDDLE CLASS. Same thing happened with Elon...he could have sold all his stock at 3xx share price...now it's below 180...he lost a ton of money this year. You can't punish people for being ok with risk...that destroys the incentive to take risk over time lmao and then we will turn into Europe (really crappy economy) but we won't even have their great food, buildings, etc.
@robertrodriguez3163
5 ай бұрын
Property tax is unrealized gains
@CarlosAGarcia97
5 ай бұрын
I've been waiting for Tax increases Video! Yesss😂😂😂😊
@rhettreynolds4570
5 ай бұрын
This video was great! I love how well you explain everything
@jackintosh
5 ай бұрын
I agreed with the sentiment that the government should seek to spend money on things that are quote "useful." The issue is that what I find useful may not be what you find useful. For example, I think an educated citizenship is useful so I strongly support public funding for education, including paying educators well and providing students with debt free education up and through higher Ed. Not everyone thinks that's as useful as I do, so who decides what is useful? What criteria should define "useful?" Second, the idea of what a return is, is also too vague. I think there is a strong return on universal healthcare - but others see that as a form of waste. Again who decides what a return is in relation to waste?
@pikachumega9854
5 ай бұрын
the government ends up holding the bag in both those cases any way homeless people don't pay bill when the go to the emergency room for a wide number of problems and loan providers get paid either way I would rather cut the middle man or give people the option
@DynamicUnreal
5 ай бұрын
It’s called the scientific method.
@etchalaco9971
3 ай бұрын
Unrealized capital gains are used as collateral for loans. This can be taxed.
@someoneonyoutube181
5 ай бұрын
Obviously correct, tax increases at this point will barely increase tax revenue, just stop economic activity. It'll lower tax revenue in the long run, actually.
@cawheeler27
5 ай бұрын
This is simply not true.
@DynamicUnreal
5 ай бұрын
@@cawheeler27It is true. I would just sell out of my holdings in America and go elsewhere with the money. Capital goes to where it’s well treated.
@WMDistraction
5 ай бұрын
I wanna see more IRS funding to get money from companies avoiding taxes altogether
@zlr9022
5 ай бұрын
@@DynamicUnreal it is not true, congress and the irs have teams of elite analysts and commitees that research a change like this, so they know it will be net positive for their revenue.
@Shuriken_Playzz
5 ай бұрын
Give us the AMS66P! I need maximum gainage! For extreme bustism!
@TheEZOOD
5 ай бұрын
Smells fishy, really fishy
@oladeleayoola
5 ай бұрын
I pooped today
@theApeShow
5 ай бұрын
Dump it.
@mattshipe4415
5 ай бұрын
Great video man! This stuff needs to be said! Awesome job.
@SourpatchAirsoft
5 ай бұрын
I love this kinda content! Not picking sides just stating facts. This is what news should be.
@ColombianLNP
5 ай бұрын
I personally like this style of video, nice laid-back and straight forward. With regards to taxes they definitely need to stop taxing so much we are all already taxed enough as it is. And i completely agree with you. I guarantee you that if the US government had a complete audit and overhaul, all the money needed to fund things will be found. But unfortunately they are too busy funding overseas war and thier own (politicians) pockets. We have to realize that 90% of politicians dont know squat about finances and thats where the problem lies. Good vid man
@funwithmagnus8570
5 ай бұрын
No one seems to want to vote for people who propose the idea of the fed shrinking or simply spending less. Instead many voters will gladly vote to take more from you and gleefully destroy the private retirement market. Half of the nation is very vindictive toward the other half but not understanding of the fact these laws will bury them too.
@pawpkitty
5 ай бұрын
The way we handle retirement is broken and can't continue. We got rid of pensions and now we have to pay the price. When we put all our faith in things that aren't properly regulated, we will eventually fail.
@funwithmagnus8570
5 ай бұрын
@pawpkitty what do you mean? Just privately invest. The problem is people don't do that, people don't think about retirement in general. Most people don't even think how their vote will affect the following generations much less plan 30 to 40 years ahead. SS is broken and is nowhere near to catching up with inflation. Due to taxation, I can't invest as much as I used to. Being taxed at these levels is affecting my retirement.
@pawpkitty
5 ай бұрын
@@funwithmagnus8570 investing for the sole purpose of retirement is what got us in this mess in the first place. It ensures that companies are incentivized to make decisions to benefit shareholders and nothing else. That means lower wages and higher prices. You can individually benefit, sure, but infinite growth is not sustainable. I invest because I have no other choice and I just have to hope it works out. I would have much more preferred a pension.
@razzar90000
5 ай бұрын
Its really a work of art they way the government continues to misdirect the people's anger at each other for getting tax break's instead of at the government for continuing to spend like the taxpayers are their personal coffers.
@SecureInMyHead
5 ай бұрын
Why do you think pride even exists? That group was designed by the 44th specifically to start internal fighting amongst the people to distract us from the future leader’s evil
@nobordersfilm
5 ай бұрын
Or get duped by the wealthy to oppose tax increases on those making over $400k. Funny how that gets ignored by all the finance bros.
@Madchris8828
5 ай бұрын
We are their personal coffers. They don't care about what happens with us because they are so far disconnected from us they don't have to.
@Madchris8828
5 ай бұрын
@@nobordersfilmyes let's increase taxes on the wealthy so the government can run a larger debt ratio, devaluing the dollar even further. Then inflation rises again when they print all their dollars and the cycle just gets worse and worse. Like it already does. Why encourage that behavior?
@middle_of_the_road
5 ай бұрын
@@nobordersfilm How does a tax increase help when they already fail to spend it wisely? All a tax increase will do is take more from the bottom as margins will be offset at the expense of the workers and consumers. These companies are owned by the share holders who will always want profit increases for share price increases.
@petecolorado1
5 ай бұрын
Hi Graham, long time listener who doesn’t comment often. I appreciate all of your analysis and research on all Finance topics. You’re a real inspiration and a powerful voice for our generation and the financial challenges we face. Thanks for all that you do. Please don’t stop and keep up “keeping it real”!!!
@eletrickill
5 ай бұрын
Very excellent and accurate Info.
@coreyapotter
5 ай бұрын
Been watching a long time, and even though you always ask for the like, I rarely do it (sorry). This one got a like. You're the kind of person we need commentating on this.
@GrahamStephan
5 ай бұрын
Thank you!
@zType2
5 ай бұрын
Paying taxes and not knowing where your tax money is going is quite shady. I think thats most peoples gripe.
@larryjones9773
5 ай бұрын
Where our tax dollars is going is readily available. Google it. Before Google is was harder to track down, but still available.
@Slade366
5 ай бұрын
The problem with capital gains taxes is in practice it's mostly just a tax on inflation.
@nickspartanshld408
5 ай бұрын
Always a fan Stephan plz keep up the great work your always full of such great knowledge 👏 thankyou
@brmolnar
5 ай бұрын
Historically, Dividends have always been taxed at a lower rate, because the company paying a dividend is using post-tax money to pay them out (government already got the corporate income tax paid, so what started as $100 profit is now $79, which you get to pay 15-20% more, making it 63.20 to 67.15). I'd always assumed that the lower tax on capital gains was due to a similar reason - preventing some sort of double taxing, or just to encourage investment.
@jaydunbar7538
5 ай бұрын
Correct, it’s funny how high people want taxes until it’s them having to pay them. Just look at the politicians, 2020 democrat primaries was a perfect example. Every single one of them wanted the new wealth tax to start at there own worth rounded up, so if they were worth 75 million they wanted it to start at 100 million, if 20 mil they wanted it to start and 50 million and such. Not that it’s not a issue everywhere, I just remember watching those primaries and it going down the list of where they all wanted it to start so I then looked up there net worths and it didn’t take long to notice a patter, simply put it’s a great example as they all made the statements on stage within minutes of each other and all of them agreed on basically everything including that none of them wanted to actually have to pay it themselves.
@CryptikDesign
5 ай бұрын
The issue is all the different types of taxes for every category. $100k Income - State+Federal Tax - Property Tax - Sales Tax. Then add in the cost of healthcare insurance.
@np5246
5 ай бұрын
I have no idea why this issue is so difficult for people to grasp.
@kaioneal6160
5 ай бұрын
As long as there are tax loopholes holes , it doesn’t matter how high taxes are raised
@GrahamStephan
5 ай бұрын
W2 earnings will likely bear the burnt of any new tax increases. Business owners tend to have a lot more flexibility.
@justanoman6497
5 ай бұрын
For the rich, sure. What this will affect are the middle and upper middle class, who can't afford the tricks but have a sizable enough investment/property to trigger the taxes. Being punished for being frugal really sucks. I'm driving a 20 year old car entirely out of choice for saving money, and they want a cut of that.
@ChristiantrospectiveGamer
5 ай бұрын
As long as the government keeps increasing spending, it doesn't matter how high taxes are raised.
@UltraGiantMeteor2024
5 ай бұрын
@@GrahamStephanpretty wild that the only thing you focus on is the shareholders and the actual company, not the paying higher wages to the employees which is better for “money velocity” than giving even more to those who don’t actually spend into the economy. Giving investors more money to hoard isn’t stimulating the economy. Giving a “middle income” earner an additional $10,000 a year, these people would be spending a significantly larger percentage of the additional money. Also would lower the total “gains” on the company, thus lowering their tax bill either way. But god forbid we even THINK about that as an option
@TheFirstRealChewy
5 ай бұрын
The taxes are really meant to wipe out W2 earners. You'll basically have to start a business to make it make sense and cents.
@shawnprince2884
5 ай бұрын
I just want to say thank you for the work that you do. This is extremely beneficial. This is what people need to know, need to understand, need to be aware of. Lastly, always go with your gut, this is one of your best content!
@WinstonSchnauzer
4 ай бұрын
Fantastic video. Great factual analysis.
@ANTHONY47814
5 ай бұрын
*YT Quick Survey:* For your shared investing ideas, what do you think will be the next Apple/Microsoft in terms of growth?
@MichaelPesta
5 ай бұрын
I think there's a lot of factors that are not pushing towards explosive growth in the same way that 1980s 1990s computer tech software is doing. There's definitely full capitalization on implementation of technologies however I just don't see the asset class itself going as exponential as it once was. That said my personal bet is not against software as in like Adobe or Oracle but more towards hardware manufacturing Nvidia tmsc that the people that actually make the chips. I think that there's a healthy fundamentals of the people that make the the chips are devices run off
@brettweltz8135
5 ай бұрын
Some sort of fringe science technology something to do with graphene.
@JD..........
5 ай бұрын
Every undergrad spouts "higher taxes!" Until they get money and understand how business functions.
@GrahamStephan
5 ай бұрын
Until spending gets under control, seems somewhat pointless to tax more
@therolando608
5 ай бұрын
Not me. I graduated and started making a lot of money and realized I and a lot richer people should be taxed a lot more. Mark Cuban feels the same way.
@JD..........
5 ай бұрын
@@Kikibrat2 You need only get to the second order effects of ___ said issue. Again, undergrads don't get that far. Once you realize how inefficient government allocation is, you'll change your view. As someone who admits they care How/Where taxes are spent/go...
@AK-ne4og
5 ай бұрын
@@therolando608 No one is holding you or Cuban back to pay more if you so wish. Mark Cuban says that but in the end he doesnt pay more
@thedopplereffect00
5 ай бұрын
@@therolando608Mark Cuban is full of it. He can write an extra check to the U.S. Treasury any time he likes. I'm pretty sure he's never done that. Now explain that?
@frankiesavannah3042
5 ай бұрын
This was one of your best and most informative video's yet! I loved it.
@Tucker0
5 ай бұрын
Graham anything you do related to money & finance we like!!!
@GrahamStephan
5 ай бұрын
Glad to hear!
@loakland2773
5 ай бұрын
Flat tax... including corporate... No write offs...... Everyone pays some form of tax top have skin in the game.... be it 1-5% for low wage earners....Totally agree about accountability and audits. It would be amazing if people had to write a check out to each entity and how much they are truly paying instead of one lump sum. They might be more apt to pay more attention to what goes on. The unbelievable amount of misspending is so depressing yet our roads rot, and you know the rest.... Thanks Graham.... Appreciate all of your hard work and efforts... Always enjoy your videos... Very thought provoking and informative..... Be well.....
@jmanakajosh9354
5 ай бұрын
A flat tax is insane. You'd have to stop issuing bonds.
@coleavila
5 ай бұрын
No write offs? Flat tax? Please stop 😂
@deepspacecow2644
5 ай бұрын
No, corporate tax should be very high, with incentives on returning money into the economy by increasing wages and spending on new R&D.
@asongfromunderthefloorboards
5 ай бұрын
A flat tax would be incredibly regressive. Property tax is already regressive enough.
@lichen24moss
5 ай бұрын
These added taxes could force a lot of stock holders to sell and the stock market could plunge. Pensions, retirement funds and the investments of retail investors could get wiped out if that happens.
@icerio9232
5 ай бұрын
Can you give an update on your experience with Yotta? Today they pretty much announced they aren't a bank anymore.
@therealm9487
5 ай бұрын
Uses those taxes on builing more rail and walkable cities. When project are complete folks to IMMEDIATELY get benefited. Traffic would be reduced, car fatalities would reduce, discretionary funds for individuals would increase because they would spend less on transportation, stress would be reduced because lack of traffic and being stuck on the road being unproductive. Car dependency is super expensive. I am not suggesting no cars but better alternatives better, faster and less stressful. On trains you could relax and sleep or get some work done We could reduce spending on super expensice highway and interstate construction. Roads come SUPER EXPENSIVE CONSTANT maintenance. Only a vehicle comes with a high purchase price, depreciation, maintenance, fuel, insurance, and parking prices and they take up so much valuable land
@janefairall579
5 ай бұрын
Public transportation is becoming unsafe in many cities. No way would I want to subject myself to the unruly behavior of the people who have no regard for others. Even flying has become a problem because of the demise of decency and refusal to obey authority.
@therealm9487
5 ай бұрын
@@janefairall579 yes more things are happening but there are billions of safe rides each year. Agencies are working on safety
@therealm9487
5 ай бұрын
@@janefairall579 yes more things are happening and is all over the news but billions of safe trips happen each year More funding would hepe with safety
@superhitb
4 ай бұрын
Thanks for showing the guts to make this video. Kudos to you. This video earned my subscription.
@EdBball99
5 ай бұрын
"Politically-charged topic" as if there's a faction of the country rooting for ever-increasing taxes. Unless your political affiliation is full-on authoritarianism, there HAS to come a line when more taxes is too much. Especially because: We don't get an itemized breakdown of where each of our Federal tax $$$ are spent, and we know the Federal government loves sending $$$ to overseas countries... so it sounds to me like the Federal government already taxes US citizens more than it knows what to do with here in the US. Therefore how about we try LOWERing taxes for a change. Too reasonable of a notion for it happen anytime soon I know, but a guy can dream.
@patricklacey4946
5 ай бұрын
True, unfortunately these days, it is challenging to approach this type topic without some unreasonable people taking "sides" and blaming other political parties. We as a country need to unite behind transparency (as described in min 23 of this video) and the ability to vote on larger expenditures and initiatives regardless of who is in office and hold the government accountable.
@thomaspopescu9952
5 ай бұрын
You're kidding. I know it sounds absolutely absurd, but some politicians actually dont give a damn about whats better for you. Theres no unification in transparency. Theres a good side, and a bad side. @patricklacey4946
@happyappy19931
4 ай бұрын
@@patricklacey4946 The fact is there is one side that likes to tax and spend more. 🤔 🔵
@OctagonalSquare
5 ай бұрын
No tax rate has ever gotten more than 20% of GDP to go to the government. This suggests any rate higher than 20% across the board is too high as it makes people poorer until they fall into lower tax brackets
@jiggityjohnjohn
4 ай бұрын
Thank you! Great video
@hyruleanraven81
5 ай бұрын
Companies did get tax cuts, but they still raised the prices at grocery and home improvement stores. So even if they pay more or less, they will still raise their prices. Example year: 2023. Due to lower taxes for the higher earners, whole home communities were bought up. Prices rose. So what gives.
@mcdonalduck
5 ай бұрын
The question that republicans will never, ever answer. Our corporate tax rate is the lowest it's ever been from the trump tax cuts. Shouldn't this have resulted in lower prices if they want to argue that the inverse is true? Obviously it doesn't work that way. Tax the rich.
@wegs12
5 ай бұрын
@@mcdonalduck Prices did fall from 2017 to 2020 and federal tax collections to the govt went up drastically from the increased GDP activity. Prices started to rise in 2021 after the Fed's sent out checks to everyone and forced the federal reserve to print so much money to cover it.
@sondersaga1366
5 ай бұрын
We also have record low unemployment. Increase taxes and more people may get laid off
@WMDistraction
5 ай бұрын
@@sondersaga1366 They’re getting cut now
@hyruleanraven81
5 ай бұрын
@@wegs12 prices fell in 2020. No one was buying except for toilet paper. That was the only thing rose. Supply and demand. Prices rose in 2021 due to the low production, low output, and demand rose greatly increased when everyone started to buy again. You also had a lot of companies that took advantage of the inflation.
@wh880
4 ай бұрын
Superb video, thorough explanation, excellent!
@windupmerchant1679
4 ай бұрын
Please tell us your thoughts on KZitem scams.
@jaredjohnson8387
4 ай бұрын
You can't expect Graham to truthfully comment on things he has taken part of 😂. Yotta bank comes to mind
@mackenzieonyx7586
4 ай бұрын
Lmao
@camtwan1
3 ай бұрын
I think you're just mad because you're bored and not able to make mistakes on advertisements like him
@and8302
5 ай бұрын
Abolish most of these taxes. The fact that Graham has 25 minute video explaining this says it all. Purposely complex to screw over the taxpayers.
@GrahamStephan
5 ай бұрын
It's definitely WAY too complicated.
@tim3adams
5 ай бұрын
Taxes are very complicated. I don't think the motivation is to make it complex for taxpayers. I think the motivation is often greed. Everyone wants a shiny new program to brag about and has to add some related extra tax which then needs some carve outs for fairness and their friends. It does create amazing job security for CPAs, which benefits me.
@noname-nu6oo
3 ай бұрын
Even if you don't like to talk about politics, you can't avoid this topic anymore due to crazy tax hikes so I get it. Under biden i find it quite challenging in all aspects like never before. Crazy that one President can affect my life in such a way. Hope we get a whole new turnaround come November!
@donaldchoi3912
4 ай бұрын
59% tax is better than you giving fraudulent advice to your bank Yotta and FTX keep it going people losing millions
@rooftoparugula5679
4 ай бұрын
lol was looking for this comment. he has always been kinda scummy
@RLSteve
5 ай бұрын
This has nothing to do with raising revenue and improving the economy, this is just about punishing people who have more.
@LizThomas-dp7sr
4 ай бұрын
No its about kicking out the ladder from any one trying to rise their socioeconomic status.
@connerswigart5397
4 ай бұрын
It’s about improving the middle class
@RLSteve
4 ай бұрын
@@connerswigart5397 Taxing the rich more will do nothing to improve the middle class.
@connerswigart5397
4 ай бұрын
@@RLSteve of course it will can you explain why it wouldn’t? Look at the 1940-1960s(highest wealth tax) there was massive public investment, income inequality shrunk, companies were more incentivized to invest back into the system, and there was a strengthening of the middle class
@RLSteve
4 ай бұрын
@@connerswigart5397 More money alone doesn’t solve the problem. It’s about regulations. Example, why is there a shortage of housing? Because foreign investors are buying up all the properties. Why is healthcare so expensive? Because of administrative bloat. The middle class may be shrinking, but the upper class has been growing bigger. We have a bigger upper class than we used to.
@WesNorton-xd1ln
5 ай бұрын
How about we just remove the government.
@nothing12392
5 ай бұрын
"Imagine being forced to sell shares to pay taxes on something you don't intend on selling anyways." Many of us don't have to imagine, we already have to do this because we earn our stocks through working for employers and those stocks are taxed as income.
@gorkyd7912
5 ай бұрын
Or we work 30 years to pay off our house and then have to sell it and be homeless because the local government taxes property based on market value which went up.
@crusherven
5 ай бұрын
I've never worked for a company that gave stocks as a bonus, but aren't your withholdings taking bonuses into account?
@nothing12392
5 ай бұрын
@@crusherven they literally force sell your stock to cover the taxes. I also wouldnt consider it a bonus since it accounts for half of most software engineers’ income. My point is, people who work for a living get screwed by our current tax system while people who sit on their investments get preferential treatment for no good reason at all. There is a reason wealthy people are trying to convince the masses that this is a bad idea and that reason isn’t exactly altruist… it is pure greed. Sitting on your investments adds zero value to society and makes the rich richer and the poor poorer. It should not be rewarded by policy.
@crusherven
5 ай бұрын
@@nothing12392 If it accounts for half of your income and it's taxed at the lower (20% max) rate, isn't that a good thing? Besides, keeping money invested *is* good for society. If people keep on selling, the value of the stock falls and the company is unable to expand, or may even have to lay employees off.
@nothing12392
5 ай бұрын
@@crusherven you aren’t understanding what I am saying. My stocks are force sold to pay my tax rate on earned income which is the top bracket. I make a lot of money, I’m not poor, but I believe people who are wealthy should pay the same as people who work for their money.
@CaseyBurnsInvesting
5 ай бұрын
Graham: I don’t mind higher taxes if it’s being well spent and provides a net benefit to the people Me: I’ve got bad news for you… The higher taxes and it’s not providing a net benefit.
@GrahamStephan
5 ай бұрын
:o
@nicolasgirard2808
5 ай бұрын
Which parts of the budget would you cut?
@Leo91107
5 ай бұрын
About 80% of the federal government. It was only ever intended to provide for the common DEfence. All other things should be provided by the states. This would encourage competition between the states. As it stands the feeds are a monopoly.
@nicolasgirard2808
5 ай бұрын
@@Leo91107 that's not specific. Give me specific departments and spending allocations you would cut, and by how much.
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