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26 Don’t Make Me Say I Told You So

In the book But What If I Live? by Gregory Salsbury, he states:
“Taxes represent the average American household’s single

largest monthly expense, almost twice as much as the next
highest expense: housing. Today, the typical American family

now spends more on income tax than it does on food, clothing,
and transportation combined.” 3

So, as the data clearly shows, taxes are going up. Sometime

in the future, you’ll look back wistfully at the tax rates we have
today, and long for “the good old days.”

Summary

► Taxes are going to go up in the future. It’s inevitable.

► Taxes, which already represent the single biggest

expense as a percentage of income, will represent an
even bigger percentage in the future.

► You will look back at today’s rates and appreciate how

low they were compared to what you’ll pay in the future.

Chapter 1: The New Retirement