It has been said that the only two certainties in life are death and taxes! The doctors are trying to work on the death part to slow it down and maybe ultimately eliminate it. Taxes of course have no profession dedicated to eliminating them, but the accounting profession does try to avoid them for you if not eliminate them entirely. I have always wondered why the wealthy in this country who claimed for years that their taxes were too high did not embrace Steve Forbes’ flat tax as being far below the tax brackets they were in. The liberals felt that a flat tax would not allow for the wealthy to pay their fair share. The financially fortunate through tax avoidance schemes do not pay more than about 8% on income as opposed to the least affluent who pay about 14.9%. Of course, it becomes incumbent on individuals to familiarize themselves with taxing to pay no more than is legally mandated. I for one believe that a 15% tax on all net income (no matter how acquired) would more than satisfy this country’s needs. Details to follow at a later date.
I recently read a couple of articles that the Stock Market over the last hundred years had a 10.2% rate of return and that bonds had about half that yield over the same time frame. The Mathmatecum is restricted in its investments and at present is earning a 5.28% rate through October with a change due for the last two months of the year. Until the 1st of November when rates of return are recalculated all of the Members Monies will continue to earn at the 5.28% rate. According to Ian Salisbury of Barrons he sees the next ten years in the stock market yielding between 3.4% – 5.4% and bonds earning between 4.6% – 5.6% over the same time frame. All signs point to caution over the next ten years. For the older population security is paramount and for the youngest – cautious optimism.
Seeking out passive income streams is very important! How to make those streams help create generational wealth for families should be part of the plan. Remember until whatever business you may have runs without your participation – it is not passive income! The Mathmatecum is truly passive. After joining the only thing members need do is collect yearly income checks. Due to members requests that they wanted a way to receive more income annually and create generational wealth the Mathmatecum Directive was developed. This strategy takes hundreds of dollars and turns them into thousands for any and all members who are available to receive their final distributions.
JAI BABA
TTFN
JU
