Investment Strategies

New Income Tax Brackets for 2023 Explained in 2 Minutes (inflation surprise!)

🔴🔴 Got some quick questions? Get some 1:1 back-and-forth video message consulting with Matt Theriault at http://REIBizBoost.com

BREAKING NEWS THIS WEEK: Thanks to the cost-of-living adjustments in the tax code that the IRS released this week, Americans whose salaries are getting crushed by inflation MAY pay less in taxes NEXT year. Here’s what we know…

Federal income tax brackets will jump by 7%. The 37% top income tax rate will apply to individuals earning $578,125. That’s up $38,225 from $539,900 this year.

Also, the standard deduction is increasing. The normal tax deduction for married couples filing jointly has increased to $27,700 from $25,900. It will jump from $12,950 to $13,850 for single filers.

Ronald Reagan, Joe Biden and Alexandria Ocasio-Cortez (AOC) are all included in the shenanigans!

Enjoy!

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My name is Matt Theriault. When aspiring, frustrated investors are stuck in the proverbial “rat race,” they come to me.

I help these people create passive income through creative real estate investing strategies so their money works harder for them than they do for it, resulting in ultimate financial independence and freedom.

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