Why MydebtCloud’s Debt program is important to our families and the future.
Why MydebtCloud’s Debt program is important to our families and the future.
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According to this April 20th story over at CNBC, to live.
'comfortably' in the state of Massachusetts, the 'average' family of four, including two adults and two children, needs to make $301,184 annually, the highest in the USA, while in the state of Mississippi, that amount is only $177,798 yearly for a family of four, the least in the US, but still. An amount of $14,816.50 every month is needed to cover such things as housing and utility costs, food, childcare, and medical care according to statistics from the MIT Living Wage Calculator, still a staggering amount considering the average annual income in Mississippi is only $37,500 per person!!!!?
$14,816.50 That's how much every single month the average person in a family of 4 needs in Mississippi in order, to exist comfortably. The biggest factor affecting our ability for peace and prosperity in this country is Debt. Why do we turn a blind eye to the cost and effects of this system and the robbing of our future happiness? This magic combination. Of 50/30/20. works fine in theoretical calculations but it's not realistic. 50% of the family budget is being spent on housing and utilities, 30% being spent on discretionary items and 20% going into savings and retirement or investments. That's not realistic for most people, they don’t list taxes, do they? Even the family, for example, that's been given in this CNBC report. It's not very realistic.
???? If we take the numbers, the average American has right now. They have $101,915 debt. Not counting their mortgage. The average college graduate has $ $54,921 in private student loan debt. 23%. Seniors 65 and older have mortgages in this country. Mortgages they'll never completely pay off. They'll be left to their spouses or their beneficiaries to pay off. This is truly robbing the wealth and lifeblood of this country's economy.
????? It's time for us to take a serious look at what we can do to change this. It's time for us to take a serious look at what is the government planning to do. To fix this. I'm here to tell you. A report that just came out this morning from MSN. President Biden is looking to increase capital gains tax. Over 44%. The Biden administration is proposing. An additional minimum, tax of 25%. The Biden administration is looking to raise more tax dollars from middle America. The proposal would increase the top marginal tax rate to 39.6% for married individuals filing a joint return and surviving spouses. Single filers earning $400,000 for unmarried individuals will face the highest tax penalties, as will those earning $425,000 for head of household filers, and $225,000 for married individuals filing a separate return. In comparison, the current top marginal rate for married filers is currently on those earning over $731,2000 and single filers earning over $609,500. So, the cost of living is rapidly rising, and inflation has no chance of relenting during this time, but the government wants to tax those earning less. So, if one sells their small business, they will need to give the government about half of what they worked their entire lives to achieve. If an American’s house rose in value and they attempt to sell the estate—too bad, Uncle Sam needs half. This is a MIDDLE-CLASS TAX. Listen, folks, this is why it is critical. If you want to preserve your family’s peace and prosperity going forward. That you take the time to learn about your options. To learn about the financial tools and the paths that can be taken. Paths to legally avoid many of these proposed taxations and planned. reductions to our economy. All that is required is for you to learn to engage. I'm making a plea. I'm sounding an alarm. It's time, folks. It's time that you learn what you can do. Learn about how to maximize your peace and prosperity, your financial freedom, and your American dream. In closing do you know the day, the month, that you will be debt-free? Not only is the day and month important but you will be debt-free! Think of how much more money will you have. Money you will have to spend on whatever is important to you. How do we create more value for the dollars that we save? It's simple, folks. This is not. Magic. It's just. Math… Learn how technology plus the right financial tools can give you guarantees in uncertain times. Join us to learn more about what you can do to remove your debt clouds 2-3 times faster and often without spending $1 more dollar than you are already spending.
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