The WealthAbility Show #162:
Join Tom Wheelwright and his guest, Judge Glock, as they explore how the government uses a "Tax and Return" scheme, and how at the end of the day the government benefits you receive are null after all the taxes you pay.
Judge is a director of research and a senior fellow at the Manhattan Institute and a contributing editor at City Journal. He writes about the intersection of economics, finance, and housing with a perspective informed by his work in economic history. Glock's work has been featured in National Affairs, Tax Notes, the Journal of American History, NPR, the New York Times, and the Wall Street Journal, among other places.
Discover how the "Tax and Return" scheme affects you, how your tax dollars are circulated in the system, and the importance of taking control of your taxes, your life, and your future.
Order Tom’s book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: winwinwealthstrategy.com/
00:00 - Intro
02:10 - Tax Disincentives
08:10 - Is the issue in taxing or delivering?
12:35 - "Save less for retirement. Think less about your future."
19:25 - Sales Tax
25:24 - Is there a solution?
28:00 - Refocus to create better policy.
33:00 - Key final words.
Looking for more on Judge Glock?
Books: "The Dead Pledge: The Origins of the Mortgage Market and Federal Bailouts, 1913-1939"
Facebook: / judge.glock
X / Twitter: @judgeglock
LinkedIn: / judge-glock-640bba3
Tom Wheelwright, #CPA is a Best-Selling Author, Entrepreneur & Worldwide Authority on Tax. wealthability.com/tom/
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DISCLAIMER: WealthAbility® does not provide tax, legal or accounting advice. The materials provided have been prepared for informational purposes only, and are not intended to provide tax, legal or accounting advice. The materials may or may not reflect the most current legislative or regulatory requirements or the requirements of specific industries or of states. These materials are not tax advice and are not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer. Readers should consult their own tax, legal and accounting advisors before applying the laws to their particular situations or engaging in any transaction.