Abstract
This chapter argues that taxes will increase in the future. Between COVID, state and federal government debt, Social Security and Medicare funding concerns, and the rise of socialistic ideas, the money will have to come from somewhere. Where is the most likely and easiest source of extra money? Taxing the wealthy! Even if you don’t feel like you are one of the wealthy, the United States boasts 40% of the world’s millionaires. Proposed new tax law may shrink your wealth in a number of stealthy ways, not least of all by simply increasing your marginal tax bracket. The chapter goes on to explain how to be on your guard so that you will be able to recognize when this occurs and take appropriate action.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
Copyright information
© 2021 The Author(s), under exclusive license to Springer Nature Switzerland AG
About this chapter
Cite this chapter
Camarda, J., Lee, S.J., Lee, J. (2021). The Coming Tax Storm—Will There Be Massive Tax Hikes on Wealth Holders. In: The Financial Storm Warning for Investors. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-77271-0_4
Download citation
DOI: https://doi.org/10.1007/978-3-030-77271-0_4
Published:
Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-030-77270-3
Online ISBN: 978-3-030-77271-0
eBook Packages: Economics and FinanceEconomics and Finance (R0)