The Year That Changed Money Forever

"and then you would pay pay a 6% tax on all incomes over $500,000 so you can see that income taxes were a lot less complicated and a lot lower than what they are today and it should also mention that this is based off of $1 19913 so if we translate this to what these numbers look like in $ 2024 this would mean that you would pay 1% in income taxes on all money that you made over $95,000 if you made under $95,000 you would pay $0 in federal income tax tax and then if you're a big baller then you would pay 6% in federal income taxes on all money that you earned over about $15.9 million adjusted for inflation for $224"

"over the last 5 years between 2019 and 2024 incomes have risen by around 20% but the S&P 500 the stock market has grown by around 90% And if you say well that's that's just because of the pandemic well let's go back five decades between 1971 and 20121 household income has increased by around 600% but over the same time the S&P 500 the stock market has grown by around 4,000%"

"and while we do see Market crashes those create great investment opportunities for the financially savvy that can come in and buy the good Investments when they're on sale"