Posted on 04/16/2014 6:50:36 AM PDT by SeekAndFind
As I told my friend Neil Cavuto, the big investment winner year-to-date is tax shelters, namely tax-free municipal bonds. Thats what the Obama tax increases have wrought; an increase of the top income tax rate to almost 40%, plus added Obamacare taxes on top of that, causes the highest income group to do the obvious thing: move their capital out of economy-growing private equity markets and into tax-favored municipals. What did you think that theyre idiots who would stand still for the public shearing?
Of course the results are stagnation, as you see. Right on cue, today the government released their monthly real income numbers and real wages have dropped another 0.3%. Envy hurts the envier more than the envied. Andy Puzder, head of Hardees and Carls Jr., makes the same point: Excessively high taxes kill growth.
(Excerpt) Read more at forbes.com ...
Even the French are beginning to realize high taxes stifle economic growth.
You don’t need a weatherman to know which way the wind blows.
When we come down to a crunch-time decision between cutting entitlements, or raising taxes on those EEEEEEVIL rich, which way do you think OUR electorate is gonna go?
I can’t count the number of business owners that I personally know that he has created hardship and turmoil for. The man is completely ignorant on how economics work. He thinks he can condemn and sentence capitalism in this country, drive the price of operating a business up with higher taxes and regulatory fees to kill profitability, make the price of all goods and services rise substantially, hit us with Obamacare and keep RAISING our taxes (taking away a deduction is still raising taxes)?! He’s out of his freakin’ mind unless he’s completely trying to destroy us)...
“unless hes completely trying to destroy us”
I think you answered your own ??
Is there any way for a small middle class investor to do these? How does one go about doing so?
I am not a genius investment person...so any help someone can provide is appreciated.
6%+ yield is not bad TAX FREE.
10m Cusip: 559407HM6 MAGNET COVE AR SCH DIST #8
HOT SPRING CNTY CONSTR BQ LTGO ST AID WITHHDLG
Coupon 3.625% Due 2/1/2033 Price 99.00
Current Yield 3.662 After Tax Yield 3.686 Taxable Equiv Yield 6.119 Accrued Int. [ 7 ] 7.05 Total Amount 9,907.05
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