There are a lot of things one could say about the election results… but very few things that are worth saying.
One point that I absolutely must make is this– after December 31st,
- Income tax rates are going up
- Capital gains rates are going up
- Rates on dividends are going up
- Estate and gift tax exclusions are going down. Dramatically.
If you are a US taxpayer, you now have 53 days to get your tax affairs in order.
It is not too late to substantially reduce your lifetime tax liability, and I strongly recommend that you get in touch with your tax planner as soon as possible, in particular to make full use of your available exclusions.
Simon Black is an international investor, entrepreneur, permanent traveler, free man, and founder of Sovereign Man. His free daily e-letter and crash course is about using the experiences from his life and travels to help you achieve more freedom.
You won’t hear about the problems below in the news, and you certainly won’t hear about the solutions. Numbers don’t lie, and the numbers are telling us that things will get much worse before it gets any better, so taking certain steps that makes sense no matter what happens makes sense, right?
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The Problems: Corrupt Governments, Fraudulent Central Banks, Insolvent Banks, Dying Fiat Currencies, Inflation, Insecure Gold Storage, The Rise of the Police State, Illegal Surveillance, Food Crises, Capital Controls, Wage and Price Controls, People Controls, And More.
The Solutions: Internationalization, International Diversification, Offshore Banking, Residency and Second Citizenships, Moving Your IRA Offshore, International Investing, Resilient Communities, Investing in Productive Farmland, And More.