Who Really Pays Income Taxes?

On This Episode:

With the national elections in November, the parties have VERY different opinions regarding who should be paying their fair share of income taxes. But do we really know who pays what? You certainly can’t rely on either political party to give you the straight information. We also dive into a discussion on how to reasonably incorporate emotions into your financial plan.

Show Notes:

1:32 - Who Pays Income Tax?

2:20 - Income Tax Statistics From 2016

5:12 - Top Wage Earners

7:01 - Emotions In Financial Planning

7:29 - Fear And Greed

9:59 - Invest For The Long Term

10:55 - Using Emotions For A Good Cause

12:23 - Taking Clients' Emotions Into Consideration

16:49 - Mailbag Question from Frank: "My 401 (k) got rolled over into American Funds, is this a good thing?"