ilmscore | You’re Getting Taxed Twice - And 99% Don’t Even Know It

Predictions from this Video

Total: 7
Correct: 0
Incorrect: 0
Pending: 7
Unrated: 0
Prediction
Topic
Status
Inflation between 2020-2025 was 24.8%, exceeding the 20% median wage growth over the same period.
"Between 2020 to 2025, we saw reported inflation at 24.8%. Which means the prices of things on average according to the reported data has gone up by 24.8% while the median wage in America is expected to have risen by around 20% over those same 5 years."
Inflation vs. Wage Growth
Pending
Between 1971 and 2021, median new car prices increased by 840%, median house prices by 1,200%, and public university tuition by 2,000%.
"If we take a look at the five decades between 1971 to 2021, what we can see is that the median new car sold in America has grown in price by around 840%. The median house in America is now 1,200% more expensive. The median college tuition, public university tuition for one year in the United States is now 2,000% more expensive."
Cost of Goods (1971-2021)
Pending
Median household income in the US grew by approximately 600% between 1971 and 2021.
"While the median household income in America over these five decades has grown by around 600%."
Household Income Growth (1971-2021)
Pending
US national debt was approximately $500 billion in 1975, $27 trillion in 2020, and over $36 trillion in 2025.
"In 1975, the United States of America had roughly $500 billion worth of national debt. By 2020, that national debt number ballooned all the way up to 27 trillion. And now in 2025, the United States has more than $36 trillion worth of national debt."
US National Debt
Pending
Top tax rate for W2 employees (including federal income and payroll taxes) is 37% + 12.4% = 49.4%. Top capital gains tax rate for investors is 20%.
"When you are an employee, you get a W2 salary. You're going to be paying these income taxes and payroll taxes. The top tax rate on your federal income tax is 37%. Plus, you have to pay an additional 6.2% 2% in payroll taxes. Plus, your employer also has to pay an additional 6.2% in payroll taxes. So, when you are a W2 employee, this is your top tax rate versus when you are an investor. Now, you're not paying these tax rates. You are paying this, the capital gains rates. And at the time of me recording this video, the top tax rate for your investment income is 20%."
W2 Employee vs. Investor Taxation
Pending
The S&P 500 grew by approximately 90% between 2020 and 2025.
"Well, let's look what happens if you were an investor between the years of 2020 to 2025. We saw that inflation outgrew wages versus at the same time the stock market, more specifically the S&P 500 grew by a little bit under 100% but let's call it 90%."
S&P 500 Growth (2020-2025)
Pending
The stock market grew by over 4,000% between 1971 and 2021.
"Remember these stats for the five decades between 1971 to 2021. Well, over these 50 years, the stock market grew by over 4,000%."
Stock Market Growth (1971-2021)
Pending