Part 2/8:

The crux of this argument is the belief that taxes will inevitably rise, impacting nearly all taxpayers, especially retirees. Recent fiscal reports indicate alarming trends, including a staggering overspend of $1.8 trillion by the U.S. government in the last fiscal year alone. Such figures raise concerns about the sustainability of current tax policies and suggest that considerable changes are needed.

With upcoming challenges related to governmental spending, experts predict that taxpayers may face a permanent increase in federal taxes—by as much as 33%. Historical tax rates further support these claims, illustrating how rates can fluctuate dramatically over the decades. Just 40 years ago, the average effective tax rate was 32% higher than today's rates.