Weights and Measures - Issue 2 - And he shall take a tenth of your seed

Trump teases us with income tax abolition, but will they let it happen?

"And Samuel told all the words of the Lord unto the people that asked of him a king,

And he said, This will be the manner of the king that shall reign over you:

And he will take the tenth of your seed, and of your vineyards, and give to his officers, and to his servants... He will take the tenth of your sheep: and ye shall be his servants" (1 Sam 8)

Friends of Post Mill Accounting,

The "S&P 500" is a thing of the past. We might as well get used to calling it the S&P top 10, as the top 13 holdings account for 40% of the total fund's composition (9 of the top 10 being tech-centered companies) and these are the companies that are primarily driving the fund's growth.

"Just put all your money in an index fund, and you'll be diversified" isn't as true today as it once was.

Trillions of dollars in our retirement and other tax-advantaged accounts are funding the most influential companies in the world who are powering the control grid. Which leads me to be highly skeptical of the idea that major changes to the American income tax system are coming anytime soon.

It's fun to think about an alternate reality where Trump abolishes the income tax, but when I think about how much of the American dollar goes to funding these top 13 companies from our restricted 401(k) plans (which are only utilized because of income tax savings), it seems like an impossibly tall wall to climb.

This change would encourage everyday Americans to pull their money from these big funds and invest in the actual assets that they can see and touch (like real estate, natural resources, and their community). Simply put, no more income tax would change a lot for the big guys and I don't think they will let it happen.

Retirement account savings are still great, especially when access to those dollars is "unlocked" through the power of self directing. For now, the gameplan for most of us remains the same:

- Max out your employer's match, and convert it later

- S - Corp elections

- PTET Tax for those who are in states that allow it (like NC)

- If you have an HSA available, USE IT

- Solo 401(k)

- IRA

- Build up Roth dollars

- Unrestricted 401(k) plan documents (self-directing)

- Keep good records

- Keep turtling on

Blessings,

Daniel Dyson