Every year at tax season, Uncle Sam looks to Americans' finances with his large hand stretched out...
Many fear he'll practically flip them upside down & shake every spare penny from their pockets... while others may look to ways to reduce their bill toward 0%...
But there's one "silent tax" that:
- Nearly EVERYONE pays at some level (poor, middle class, and rich)...
- Is NOT an official tax the government explicitly demands...
- And wreaks HAVOC on hard-earned savings
Former President Reagan once said about it:
"It's as violent as a mugger, frightening as an armed robber, and deadly as a hit man." - Ronald Reagan
If you haven't already guessed, this sneaky "silent tax" is inflation... and after recently hitting a 41-year high, Americans need dependable ways to defend against it:
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Inflation often sneaks up on people because it's NOT sent out like a normal bill... Instead, the government spends, and then taxpayers end up with the ugly consequences: A weaker dollar/ higher prices at the store.
As Elon Musk recently said: "The government either taxes you directly or, by increasing the money supply, taxes you through inflation."
Now, after witnessing "the highest inflation in a generation," many Americans are hopeful the new Trump administration can help turn things around...
But it'll be an uphill battle even according to Trump himself:
"I'd like to bring [grocery prices] down. It's hard to bring [prices] down once they're up. You know, it's very hard." - President-Elect Donald Trump
Fox Business reported that grocery costs are 20-25% higher than 4 years ago, and Trump's proposed tariffs could drive them up even more...
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