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August 2022 | Personal Finance | 3 minute read 

Here’s What “The Great Contradiction” Means For Your Retirement

The Senate passed a dangerous reform that threatens the financial security of Americans across the country —  labeled H.R. 5376 — but sold to you as the innocent-sounding “Inflation Reduction Act.”

Except this legislation is anything but innocent. The Joint Committee on Taxation revealed most of the taxes will be leached from households earning less than $400,000.



[Note To The Reader] If you’re making less than $400,000 in a year, it’s important to read this to the end to see how you can possibly shield yourself from a total catastrophe.



This directly contradicts the President’s promises to not raise taxes on families earning less than $400,000.

This is The Great Contradiction. Biden says one thing, but does another.

In 2021 the President promised you:









But then this he did this:












Before he was elected, Biden promised to leave you alone. But now he’s spitting in your face with one of the biggest tax increases in decades.

Once the ball gets rolling, there’s a chance Biden’s new bill would worsen the economy and spike inflation even further, forcing you and millions of other Americans to sit helplessly as you get T-boned by the 18-wheeler of Stagflation.

But it gets worse for Americans who are retired, or are about to retire: surviving a stagflation event could prove challenging. Without a job to provide a renewable source of income, these Americans are dependent on their current retirement savings to survive.

Should prices keep rising, and your retirement income starts shrinking, how long would it take before you outlive your money?

That’s why if you earn less than $400,000, and you’re saving for retirement, then it’s critical you take steps now to protect yourself.



[Note To The Reader] You can get a full breakdown of ways to help protect yourself from this crisis, and the details on an even BIGGER crisis that you may not know about — 
The American Crisis.

The Senate passed a dangerous reform that threatens the financial security of Americans across the country —  labeled H.R. 5376 — but sold to you as the innocent-sounding “Inflation Reduction Act.”

Except this legislation is anything but innocent. The Joint Committee on Taxation revealed most of the taxes will be leached from households earning less than $400,000.



[Note To The Reader] If you’re making less than $400,000 in a year, it’s important to read this to the end to see how you can possibly shield yourself from a total catastrophe.



This directly contradicts the President’s promises to not raise taxes on families earning less than $400,000.

This is The Great Contradiction. Biden says one thing, but does another.

In 2021 the President promised you:







But then this he did this:









Before he was elected, Biden promised to leave you alone. But now he’s spitting in your face with one of the biggest tax increases in decades.

Once the ball gets rolling, there’s a chance Biden’s new bill would worsen the economy and spike inflation even further, forcing you and millions of other Americans to sit helplessly as you get T-boned by the 18-wheeler of Stagflation.

But it gets worse for Americans who are retired, or are about to retire: surviving a stagflation event could prove challenging. Without a job to provide a renewable source of income, these Americans are dependent on their current retirement savings to survive.

Should prices keep rising, and your retirement income starts shrinking, how long would it take before you outlive your money?

That’s why if you earn less than $400,000, and you’re saving for retirement, then it’s critical you take steps now to protect yourself.



[Note To The Reader] You can get a full breakdown of ways to help protect yourself from this crisis, and the details on an even BIGGER crisis that you may not know about —
The American Crisis.

"Biden promises no new taxes on anyone making less than $400,000. Experts doubt he can keep that pledge"

Source: CNBC