Tax Rate Smoke and Mirrors: How Higher Taxes Sabotage Revenue

Similar to yesterday's post, today I'm going to be talking about a Meetup that I went to on Monday. This one was hosted by Dennis Beckman and was mainly about how the government can actually increase their revenue by reducing individual income taxes.

I don't have his examples in front of me, but by reducing the tax rate you end up with more money and even with a lower rate the government ends up with more money because they're taxing a larger amount. 

Dennis has an ongoing series about finances with his Millennial Money Academy, Next Monday night his topic will be Your Maximum Potential: The Secret to Wealth-Building Without Risk which I believe is an overview of the system that he teaches. Unfortunately, my work schedule won't allow me to go.

Anyway, check out what Dennis has to offer. It's a lot of free training. And don't forget his Cashflow game on the 4th Saturday of each month.

Interesting days

Today - Halloween, Magic Day and Caramel Apple Day

November will be World Vegan Month, Native American Heritage Month, Manatee Awareness Month, Pomegranate Month, Peanut Butter Lovers’ Month, Novel Writing Month, Adoption Month and Movember

Tomorrow - Men Make Dinner Day, French Fried Clam Day, Vinegar Day, Authors’ Day, World Vegan Day, International Project Management Day, Extra Mile Day and Go Cook For Your Pets Day

Next Wednesday - Stress Awareness Day, Bittersweet Chocolate With Almonds Day, Wobbly Wednesday, Hug A Bear Day and Benjamin Banneker Week

November 31 - Yay! We get a day off since there are only 30 days in November!