Horror films, can be unnerving, but horror literature?

 

I would recommend Livio Di Matteo’s essay.   It compares personal income tax from now to where the tax started (post WW1(ish)). One great difference between now and then is how little revenue the income tax originally raised. As a share of total federal revenue, personal income taxes went from just 2.6 percent in 1918 to an expected 51 percent in 2017.

 

I don't know if you have heard, but they are batting around some fairly high top marginal rates in the U.S. right now, and argue whatever side you want.....punitive taxes stifle high end risk taking and innovation. So what can you do?

 

I would recommend having a deep look into your future, and what you anticipate things will look like from an income and wealth standpoint over the next 10-20 years. I know it's difficult, but the tax regime that you high income earners face today may be markedly different from that of the future, and it stands to reason......it ain't getting any better for you.

 

Ultra long term tax planning (structural) planning is a thing. It might be "a thing for you".

 

Think about it...... and click here if you dare.....