top of page
Search

Part I, Why We Need a Flat Federal Tax System & Why Our Current System is Broke

Writer's picture: Stephen PalugaStephen Paluga

Updated: Nov 17, 2022


Part one of a two-part series. In this video, we review how our current Federal Individual Tax System works, the income and deductions claimed on 157 million tax returns from 2019, and how the results indicate there is a 98.9% chance that your politicians in DC don’t care about you. In Part II, we’ll review who paid what taxes and took advantage of what tax codes to show that a Flat Federal Tax with a Flat Federal Tax Deduction System may be what our Republic needs most now.


Data Source: https://www.irs.gov/pub/irs-pdf/p1304.pdf Special thanks for audio to:


Johann Strauss II - The Blue Danube Waltz

https://www.youtube.com/watch?v=_CTYymbbEL4

16 views0 comments

Recent Posts

See All

Comments


Subscribe Form

  • facebook
  • twitter
  • linkedin

©2016 Watch Guard Capital LLC.

Watch Guard Capital LLC (WGC) is a state Registered Investment Adviser in Arizona, California, Ohio, and Virginia.  WGC and our consultants may only transact business in states in which we are registered, or qualify for an exemption from registration.  All products and services are subject to the terms and conditions of any applicable laws and are only available in jurisdictions where they may be lawfully offered.  Our website is limited to the dissemination of general information and should not be considered a solicitation to transact securities or to provide personalized investment advice via the Internet.  Copies of our background information and service and fee disclosures are available by clicking the following links:

ADV 1A | ADV 2A 

The opinions and information provided by third parties on our site are not guaranteed and are for convenience only.  WGC makes all attempts to provide accurate, complete, and reliable information but reserves the right to alter, update, or delete content without notification.

Investments are not Federal Deposit Insurance Corporation (FDIC) insured. 
Investments are not bank-guaranteed and may lose value.

bottom of page