How Entitlements Affect Your Taxes

The WealthAbility Show with Tom Wheelwright, CPA

Your finances could be at stake—learn the truth about the Republican and Democrat tax proposals at Tom Wheelwright’s Town Hall October 16th.
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Join Tom Wheelwright as he discusses how entitlement programs affect your taxes with his guest, writer and scholar - Chris Pope.
Chris Pope is a Senior fellow at the Manhattan Institute. Previously, he was director of policy research at West Health, a nonprofit medical research organization; health-policy fellow at the U.S. House Committee on Energy and Commerce; and research manager at the American Enterprise Institute. Chris’s research focuses on healthcare payment policy, and he has recently published reports on hospital-market regulation, entitlement design, and insurance-market reform.
In this episode, discover how the Democrats are campaigning on a ticket that raises taxes and how America’s entitlement programs have created a working middle class that lives below the standards of non-working elderly.
Order Tom’s book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/
00:00 – Intro. 02:07 - The Big Picture: Entitlements Lower Standard of Living for Working Class.
07:51 - Are We Running Out of Money?
13:35 - Medicare
17:30 - National Healthcare: Good or Bad?
22:02 - Lack of Healthcare Efficiency
26:04 - Solution: Reign in the Growth Path
32:37 - An Expert's Take On "Tax the Rich!"
Tom Wheelwright, #CPA is a Best-Selling Author, Entrepreneur & Worldwide Authority on Tax. https://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.