Did you know that you and a friend could put the exact same amount of money away throughout your careers, earn the exact same average annual return on your portfolio with the exact same volatility but end up with completely disparate portfolio values?
As hard as it might be to believe, income tax rates in this country have at times exceeded 90%. And, perhaps even more surprisingly, the country was relatively prosperous during those same periods. Not so surprisingly, the high tax rates are often attributed with the widespread national prosperity. But we know correlation does not equal causation. Check out the tweet below for just one such recent example.
— gardeniabee (@gardeniabee) October 22, 2016