Latest / Financial Survival Network / Warning: Tax Refund Scams on the Rise - Paul Oster #6261

Transcript

Warning: Tax Refund Scams on the Rise - Paul Oster #6261 · Financial Survival Network

• 0:00
  Speaker 1: Well, there's a couple of things. You know. Unfortunately, right
• 0:02
  Speaker 1: now is also find time for tax fraud, and.
• 0:07
  Speaker 2: You know it's a big part.
• 0:08
  Speaker 1: It's one of the fastest growing segments of identity theft,
• 0:11
  Speaker 1: so people need to be.
• 0:13
  Speaker 2: Aware and beware.
• 0:15
  Speaker 3: You're listening to Carrie. Let'sa's financial survival Network where you
• 0:19
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• 0:23
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• 0:27
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• 0:31
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• 0:36
  Speaker 3: Network now more than ever.
• 0:42
  Speaker 2: And welcome.
• 0:43
  Speaker 4: You are listening to the Financial Survival Network. I'm your host, Carrie.
• 0:47
  Speaker 4: Let's say it's we're at the end of March here already,
• 0:50
  Speaker 4: just a few more days. And you know what that means.
• 0:54
  Speaker 4: April fifteenth is just a few weeks away. So the
• 0:58
  Speaker 4: question is are you ready for it? What's going to happen?
• 1:02
  Speaker 4: What do you do if you get a tax lean?
• 1:04
  Speaker 4: What are your remedies? And our good friend Paul Osters
• 1:08
  Speaker 4: with us from better Qualified dot com. Paul, so April
• 1:12
  Speaker 4: fifteenth right around the corner, what should you be doing?
• 1:16
  Speaker 1: Well, there's a couple of things. You know. Unfortunately, right
• 1:19
  Speaker 1: now is also fine time for tax fraud.
• 1:23
  Speaker 2: And you know it's a big part.
• 1:25
  Speaker 1: It's one of the fastest growing segments of identity theft,
• 1:27
  Speaker 1: so people need to be aware and beware of. There's
• 1:32
  Speaker 1: a couple of different, very very prominent scams right now.
• 1:35
  Speaker 2: One is the smishing.
• 1:37
  Speaker 1: An SMS text message get sent out to somebody claiming
• 1:42
  Speaker 1: that they had trouble processing your refund. They need to
• 1:45
  Speaker 1: speak to an agent immediately. They give you an eight
• 1:48
  Speaker 1: hundred number or an eight eight eight number to call into.
• 1:51
  Speaker 1: But obviously you're not calling the IRS, you're calling the
• 1:53
  Speaker 1: identity thieves. They will also do this with robocalls. They're
• 1:58
  Speaker 1: you know, calling million and millions of Americans every day
• 2:02
  Speaker 1: again claiming that it's agent oster from the IRS and
• 2:06
  Speaker 1: there seems to be fraud associated with your account. We
• 2:10
  Speaker 1: just need to verify some information. And the reason why
• 2:14
  Speaker 1: these scams are so good is they already have some
• 2:17
  Speaker 1: of your information. So they might verify your actual physical
• 2:22
  Speaker 1: mailing address, they might verify your data birth, they might
• 2:25
  Speaker 1: verify your email, your phone number. Then they're going to
• 2:29
  Speaker 1: ask you right so you're saying, okay, they have all
• 2:31
  Speaker 1: this information, it's probably a legitimate call. Then they will
• 2:36
  Speaker 1: ask you, can you please verify your Social Security number?
• 2:39
  Speaker 1: And people have a tendency to fall prey to that
• 2:43
  Speaker 1: type of situation. This can also be done via an email,
• 2:47
  Speaker 1: which we call phishing, and it's the same situation. The
• 2:51
  Speaker 1: email looks like it's from your bank, it looks like
• 2:55
  Speaker 1: it's from the IRS. They're very, very convincing. Unfortunately, again
• 3:00
  Speaker 1: now with AI, the bad actors are using AI to
• 3:04
  Speaker 1: perpetrate a lot of these crimes.
• 3:06
  Speaker 2: So people just need to.
• 3:08
  Speaker 1: If you're in a situation where someone calls you again,
• 3:11
  Speaker 1: the I r S will never ever call you.
• 3:14
  Speaker 4: Uh.
• 3:14
  Speaker 1: They have gotten a lot better over the years, but
• 3:16
  Speaker 1: they're still not calling taxpayers. So if you get a
• 3:20
  Speaker 1: text message like that, just don't answer it, you know,
• 3:23
  Speaker 1: b take control of the situation. You could call your
• 3:27
  Speaker 1: local I r S office, use a number that you
• 3:33
  Speaker 1: find obviously not the number that they provide in the
• 3:35
  Speaker 1: text or the email. If you get the phone call,
• 3:38
  Speaker 1: just simply hang up if you're concerned about it. Again,
• 3:42
  Speaker 1: take control of the situation. You drive the pathway from
• 3:49
  Speaker 1: your resources.
• 3:50
  Speaker 2: Again, not from what they're providing you.
• 3:52
  Speaker 1: The I R S recommends really two really really good
• 3:57
  Speaker 1: tips for protecting your identity. So, what happens in most
• 4:00
  Speaker 1: cases as people are filing fraudulent tax returns under your
• 4:06
  Speaker 1: Social Security number, and that could be to avoid that
• 4:11
  Speaker 1: person paying the taxes, you actually get you know, hit
• 4:15
  Speaker 1: with the tax it could ultimately for sure become a
• 4:19
  Speaker 1: tax lean. But the IRS suggests two things. One is
• 4:23
  Speaker 1: creating an identity protection pin an ip PIN, and it's
• 4:30
  Speaker 1: a six digit number. The IRS will not process a
• 4:36
  Speaker 1: tax return without providing that pin. So that's a really
• 4:40
  Speaker 1: good way to stop that fraudulent tax returns from being
• 4:44
  Speaker 1: filed under your Social Security number. The other thing that
• 4:47
  Speaker 1: people should do. Consumers might not be aware, but we
• 4:51
  Speaker 1: all have the ability to create an online account with
• 4:55
  Speaker 1: the IRS, and there's lots of different reasons why people
• 4:59
  Speaker 1: create those accounts. You can get copies of your transcripts
• 5:03
  Speaker 1: and see your payment history, your tax returns. But the
• 5:06
  Speaker 1: problem is if the consumer doesn't open up this online account,
• 5:13
  Speaker 1: the identity thieves will, and once they open that account,
• 5:17
  Speaker 1: then it becomes that much easier for them to file
• 5:20
  Speaker 1: these fraudulent tax returns. So if you go to IRS
• 5:23
  Speaker 1: dot gov, go to IRS dot gov and you can
• 5:28
  Speaker 1: create your online portal password and pin protected. That is
• 5:32
  Speaker 1: also where you can create your IP pin, that identity
• 5:37
  Speaker 1: protection pin, that six digit pin that is necessary for
• 5:42
  Speaker 1: anyone including yourself, to file a tax return on your behalf.
• 5:46
  Speaker 4: So you know that's you raise a really good point
• 5:49
  Speaker 4: here that will help you in any of your dealings
• 5:51
  Speaker 4: with the federal government, and that is that you create
• 5:55
  Speaker 4: one unified log in for everything Social Security, IRS and
• 6:02
  Speaker 4: a whole bunch of other different departments. And I think
• 6:05
  Speaker 4: it's called I can't remember the name of it now.
• 6:08
  Speaker 2: I think it's id ME.
• 6:10
  Speaker 4: I D ME, right, that's it, I D ME. And
• 6:14
  Speaker 4: if you haven't set that up, yeah, you need to
• 6:17
  Speaker 4: do it.
• 6:18
  Speaker 2: Yep, yep.
• 6:19
  Speaker 1: So you know, again those are just some you know, uh,
• 6:22
  Speaker 1: tax season specific threats for identity theft. Now, let's you know,
• 6:28
  Speaker 1: say that a tax lean gets filed against you, and
• 6:32
  Speaker 1: it could be erroneously or you could actually owe back taxes.
• 6:37
  Speaker 1: So it's really really important that you deal with this
• 6:41
  Speaker 1: head on. This is a problem that just keeps getting worse.
• 6:45
  Speaker 1: It does not just go away. You cannot ignore it,
• 6:48
  Speaker 1: bury your head in the sand and hope for the best.
• 6:50
  Speaker 1: You have to deal with this head on.
• 6:52
  Speaker 2: Now.
• 6:52
  Speaker 1: The good news is, in the current environment, the IRS
• 6:57
  Speaker 1: has been very very lenient, unintended and willing to accept
• 7:04
  Speaker 1: offers and compromise. So that means you're going to wind
• 7:08
  Speaker 1: up paying less for what you owe of the balance. Now,
• 7:14
  Speaker 1: obviously it's going to be based on your current income
• 7:17
  Speaker 1: and assets. But if you're really in a tough spot
• 7:20
  Speaker 1: and you couldn't pay the tax lane, the IRS is
• 7:23
  Speaker 1: somewhat understanding to that position. They will put you on
• 7:27
  Speaker 1: a payment plan and again they can certainly lower the
• 7:31
  Speaker 1: principal balance based upon your current economic situation.
• 7:36
  Speaker 2: Mhm.
• 7:37
  Speaker 4: So let's talk about the IRS with what's going on there.
• 7:41
  Speaker 4: I mean they're laying people off. You got Musk and
• 7:46
  Speaker 4: Doge basically saying your computers are garbage. They got to
• 7:50
  Speaker 4: be updated now, and we're going to be the ones
• 7:52
  Speaker 4: to do it. They said that between the Tech support
• 7:56
  Speaker 4: Department and the Programming department, they have like eight thousand
• 7:59
  Speaker 4: people and a seven billion dollars a year budget, which
• 8:03
  Speaker 4: has turned into a grift for the major contractors. You
• 8:08
  Speaker 4: think we might actually see an improvement in service from
• 8:10
  Speaker 4: this agency.
• 8:12
  Speaker 1: I think there's no doubt you're going to see an
• 8:14
  Speaker 1: improvement in a lot of government agencies, So love him
• 8:18
  Speaker 1: or hate them. One of the mantras I've been saying,
• 8:22
  Speaker 1: you know, with the current administration in place and what
• 8:25
  Speaker 1: they're doing, is you can hate demand, but don't hate
• 8:29
  Speaker 1: the mission because you and I both pay taxes. And
• 8:32
  Speaker 1: the amount of fraud, the amount of wasteful spending that
• 8:39
  Speaker 1: has been uncovered in a very very short period of
• 8:42
  Speaker 1: time is just a it's breathtaking, and every American should
• 8:47
  Speaker 1: be angry, not at the administration for putting these processes
• 8:53
  Speaker 1: in place that are uncovering this. They should be mad
• 8:56
  Speaker 1: at the past administrations. And I'm talking both sides of
• 8:59
  Speaker 1: the Aisle is Hana. This is not a partisan you know,
• 9:03
  Speaker 1: uh project. This is not something that the Republicans are
• 9:07
  Speaker 1: saying the Democrats did it. It's not the Republicans are
• 9:11
  Speaker 1: saying everybody has done it. Everyone's talked about, you know,
• 9:15
  Speaker 1: all these pork belly projects and.
• 9:17
  Speaker 2: All this stuff.
• 9:18
  Speaker 1: And again, even myself, I knew that there was a
• 9:22
  Speaker 1: certain amount of stuff that always gets thrown in these bills.
• 9:27
  Speaker 1: I didn't realize that some of it was going, you know,
• 9:30
  Speaker 1: into certain classes in the middle of the Congo and
• 9:34
  Speaker 1: you know, you're and we're not talking tens of thousands
• 9:37
  Speaker 1: of dollars, we're talking new this.
• 9:39
  Speaker 4: Yeah.
• 9:40
  Speaker 1: So again that has a direct impact me on me
• 9:45
  Speaker 1: as a taxpayer. So I'm angry that all the past administrations.
• 9:49
  Speaker 1: I don't Again, it doesn't matter to me whether it
• 9:51
  Speaker 1: was a Republican or Democratic administration. They're all guilty. They
• 9:57
  Speaker 1: all let this happen under their watch.
• 10:00
  Speaker 4: Yeah. Yeah, well it's a grift. It's a giant grift.
• 10:03
  Speaker 4: Party doesn't matter. It's the uniparty, And you should be
• 10:08
  Speaker 4: angry at the politicians, both current and former, for allowing
• 10:13
  Speaker 4: the scam to occur and throwing US thirty six trillion
• 10:17
  Speaker 4: into debt thirty.
• 10:18
  Speaker 2: Seven and with no end in sight.
• 10:22
  Speaker 4: Hey, before we continue on this line, I just got
• 10:25
  Speaker 4: an email and it says there's now an easy pass
• 10:29
  Speaker 4: scam that they're using to text. They text that there's
• 10:35
  Speaker 4: a problem with your easy pass and they want to
• 10:38
  Speaker 4: pay the Yeah, your regardssons.
• 10:42
  Speaker 1: I've gotten it. So it's it comes from it's not
• 10:44
  Speaker 1: just easy pass. A lot of them are are more generic.
• 10:47
  Speaker 1: They say there's a problem with the toll provider in
• 10:52
  Speaker 1: your state, And again, depending upon what's happening in that
• 10:58
  Speaker 1: person's life they be, they can fall victim. Again, it's
• 11:01
  Speaker 1: very very easy for people to fall victim. Here, you're
• 11:05
  Speaker 1: in the middle of a life event, crisis, whatever may
• 11:09
  Speaker 1: be happening. Maybe you're looking, you're in the middle of
• 11:12
  Speaker 1: purchasing a home, or you know, some other financial endeavor,
• 11:17
  Speaker 1: and you don't want this to have a negative impact
• 11:20
  Speaker 1: on your credit. So people wind up just paying it,
• 11:24
  Speaker 1: or even worse, they're providing more and more non public information,
• 11:30
  Speaker 1: sensitive data and information where they can now steal even
• 11:36
  Speaker 1: more money. So just paying a toll that you know
• 11:38
  Speaker 1: you should have had to pay in the first place,
• 11:41
  Speaker 1: that's not good. But giving them access to whether it's
• 11:45
  Speaker 1: your bank accounts or your tax returns, you know, that
• 11:48
  Speaker 1: could be one hundred times worse.
• 11:49
  Speaker 2: So again, I got one. I got one just last week,
• 11:55
  Speaker 2: well a couple. I've gotten a few of them. Actually,
• 11:58
  Speaker 2: this one in.
• 11:59
  Speaker 4: The last week says please pay the tolls on time,
• 12:04
  Speaker 4: thank you for your cooperation.
• 12:06
  Speaker 2: And it's telling me, you know, to go to sun Pass.
• 12:10
  Speaker 2: You know.
• 12:10
  Speaker 4: Yeah, So I go to my son Pass because I'm
• 12:13
  Speaker 4: in Florida and I've got money in the account. Everything
• 12:17
  Speaker 4: is paid, nothing is behind, you know. Yep, and you
• 12:22
  Speaker 4: know it's just another scam to getting back to this doge.
• 12:27
  Speaker 4: This is necessary. I think every level of government should
• 12:31
  Speaker 4: be doing doage here. If they're spending more than like
• 12:35
  Speaker 4: one hundred million a year, they should have a government
• 12:38
  Speaker 4: efficiency department to see that they're spending it all wisely
• 12:44
  Speaker 4: and that we're not getting scammed.
• 12:46
  Speaker 1: Yep again once again the general public. There should be
• 12:51
  Speaker 1: way more transparency, and they you know, by design, they
• 12:55
  Speaker 1: wanted us taxpayers to think that it was not easy
• 13:02
  Speaker 1: to access certain informations. Where is the money going and
• 13:07
  Speaker 1: how is it being spent, and how much money was
• 13:10
  Speaker 1: being allocated? Look at look at how much money we're
• 13:14
  Speaker 1: sending to these private universities that, by the way, some
• 13:20
  Speaker 1: of them are the richest companies in the world. They
• 13:25
  Speaker 1: have endowments that are worth billions of dollars. They could
• 13:28
  Speaker 1: they could self fund themselves for one hundred years, and
• 13:34
  Speaker 1: yet their their tuition is out of control, so they're
• 13:38
  Speaker 1: putting they're putting students in a really bad position by
• 13:43
  Speaker 1: forcing them to take out exorbitant student loans. So they're
• 13:47
  Speaker 1: collecting all these tuitions. Their endowments are making money every
• 13:52
  Speaker 1: single day without doing anything, and we're sending them four
• 13:56
  Speaker 1: hundred million dollars a year.
• 14:00
  Speaker 4: You know, it's it's even worse than that because Harvard
• 14:05
  Speaker 4: was one of the main shareholders in a payday lending scheme.
• 14:09
  Speaker 4: You know. So it's not bad enough that they're screwing
• 14:12
  Speaker 4: you on the student loans, but then you.
• 14:15
  Speaker 2: Know you're going to be paying for payday lending, right.
• 14:18
  Speaker 1: These are These are investment banks and again privately held
• 14:23
  Speaker 1: for profit companies. These are I don't care you know
• 14:27
  Speaker 1: how they put you know, their forward facing, this is
• 14:30
  Speaker 1: what we do. These are companies. These are very very
• 14:33
  Speaker 1: large corporations. There their monies are being handled by wealth advisors,
• 14:40
  Speaker 1: ginormous private equity firms that again are generating them millions
• 14:46
  Speaker 1: of dollars every single year on top of their tuition,
• 14:51
  Speaker 1: and yet the government is subsidizing them by sending them
• 14:54
  Speaker 1: hundreds of millions of dollars. So something, something does not
• 14:58
  Speaker 1: make sense to me. There, Put that money back into
• 15:01
  Speaker 1: the system. Put that money back into financial aid for
• 15:05
  Speaker 1: students so they don't have to borrow so much money
• 15:07
  Speaker 1: to start. So these are all Every single day I
• 15:11
  Speaker 1: scratch my head and I say, I can't believe that.
• 15:13
  Speaker 1: I can't believe that. I can't believe that. And it's
• 15:17
  Speaker 1: going to get worse before it's get better. And this
• 15:21
  Speaker 1: ripping off the band aid approach is not popular with everybody,
• 15:25
  Speaker 1: but there's no way around it. We were literally good,
• 15:29
  Speaker 1: we were going to go bankrupt sooner than later, all
• 15:32
  Speaker 1: the smoke and mirrors trying to handle this debt. Meanwhile,
• 15:36
  Speaker 1: we're selling off tons of property real estate in our
• 15:42
  Speaker 1: country to foreign entities because we're trying to pay off
• 15:46
  Speaker 1: our debt. We're trying to you know, the foreign countries
• 15:50
  Speaker 1: are calling their notes and saying you have to pay us,
• 15:54
  Speaker 1: and we don't have the money to pay out because
• 15:56
  Speaker 1: it's literally no money. So we're selling off operations, were
• 16:00
  Speaker 1: selling off land and real estate, and that's not that's not.
• 16:05
  Speaker 2: In anybody's best interests.
• 16:06
  Speaker 1: So I'm glad they ripped the band aid off. I
• 16:09
  Speaker 1: hope they continue to rip the band aid off and
• 16:12
  Speaker 1: just continue to expose the wasteful spending. They might be
• 16:16
  Speaker 1: able to cut our taxes without cutting any programs.
• 16:20
  Speaker 2: Yeah. Now when I say.
• 16:21
  Speaker 1: Programs, I'm not talking about right, I'm not talking about
• 16:25
  Speaker 1: the people who work in those agencies because there's so much.
• 16:29
  Speaker 2: Fat, you know, they everyone got bent.
• 16:31
  Speaker 1: Out of shape because they were asked to reply to
• 16:34
  Speaker 1: an email about what you did the week before, and
• 16:39
  Speaker 1: a lot of people didn't reply. You know why, because
• 16:42
  Speaker 1: they don't really work there.
• 16:44
  Speaker 2: They didn't even get the email.
• 16:46
  Speaker 1: They don't get the emails because they never check their emails,
• 16:49
  Speaker 1: because it's a no show job. No show jobs are
• 16:53
  Speaker 1: all over this country again, millions, maybe billions of dollars
• 16:58
  Speaker 1: being paid out that people who do nothing.
• 17:01
  Speaker 2: Who do nothing, Yeah, no show jobs.
• 17:04
  Speaker 4: Hey, Just to go back to the college endowments here,
• 17:08
  Speaker 4: This is as of the fiscal year twenty three. It's
• 17:12
  Speaker 4: higher now by about ten percent. Harvard University number one.
• 17:17
  Speaker 4: I happen to read that they had fifty two billion
• 17:20
  Speaker 4: this year their endowment. University of Texas, that's a public
• 17:25
  Speaker 4: education institution in Texas, but it's funded by all this
• 17:30
  Speaker 4: oil money. Forty five billion, Yale University forty one, Stanford
• 17:36
  Speaker 4: thirty six and a half, Princeton thirty four, MIT twenty three.
• 17:43
  Speaker 4: So that now we get into the poorer schools. But
• 17:47
  Speaker 4: even the lowest one on the list here, University of
• 17:51
  Speaker 4: Virginia has ten billion.
• 17:53
  Speaker 2: I mean, I'd like to be that Bork Gary. I'd
• 17:56
  Speaker 2: like to be that tour.
• 17:58
  Speaker 4: Yeah, yeah, I really think ill for them. And they
• 18:01
  Speaker 4: lost money in their endowment in the twenty three what
• 18:05
  Speaker 4: a shame. But yeah, on topkins in twenty three their
• 18:09
  Speaker 4: endowment went up twenty eight percent. I don't know if
• 18:12
  Speaker 4: they're in those payday loans or not, but those payday
• 18:15
  Speaker 4: loans are very profitable.
• 18:18
  Speaker 1: Yep, absolutely crazy again, I hope you know, you know,
• 18:24
  Speaker 1: people are concerned about those stock market, people are concerned
• 18:27
  Speaker 1: about the economy. But at least we will have a good,
• 18:33
  Speaker 1: you know, launching point. And it's not going to be
• 18:35
  Speaker 1: from smoking mirrors. It's going to be Hey, this is
• 18:38
  Speaker 1: what it is. This is what the value of things
• 18:40
  Speaker 1: really are. And look, I think it's going to have it.
• 18:44
  Speaker 1: You've already saw the last report. It's having a positive
• 18:48
  Speaker 1: impact impact and inflation because we have to stop just
• 18:52
  Speaker 1: printing money and giving money away and that's going to
• 18:56
  Speaker 1: help us.
• 18:57
  Speaker 2: That's going to help.
• 18:58
  Speaker 4: Yeah, the combination of cutting the spending, upping the tariffs,
• 19:03
  Speaker 4: because that'll bring in selling the Trump Gold card immigration
• 19:09
  Speaker 4: visa five million each according to the Secretary of Commerce.
• 19:15
  Speaker 4: I think he said that he had sold like one
• 19:17
  Speaker 4: hundred thousand of them already.
• 19:19
  Speaker 2: That could bring in a trillion and you look at
• 19:23
  Speaker 2: the I think it was.
• 19:24
  Speaker 1: The announcement was yesterday from Hyundai, big big deal. And
• 19:30
  Speaker 1: again the administration is telling all of these foreign corporations,
• 19:35
  Speaker 1: we want to do business with you, but do business
• 19:38
  Speaker 1: here if you want to. If you want us to
• 19:41
  Speaker 1: buy the Hyundai, build the car here, American workers build it.
• 19:45
  Speaker 1: It's your corporation. But that's how you avoid the tariffs.
• 19:49
  Speaker 1: If we're if we're importing all of this stuff, that
• 19:52
  Speaker 1: makes us crazy. And what more fair and equitable way
• 19:57
  Speaker 1: to say, I will tax you. I'm gonna put the
• 20:01
  Speaker 1: same tariffs that you put on us. Now, how come
• 20:04
  Speaker 1: that hasn't been happening since day one?
• 20:06
  Speaker 2: And this just happened today.
• 20:08
  Speaker 4: I don't know if you've caught the news, but the
• 20:11
  Speaker 4: EU agreed to only put a two and a half
• 20:14
  Speaker 4: percent duty on vehicles coming in from the United States.
• 20:18
  Speaker 2: Prior it was twelve and a half percent.
• 20:21
  Speaker 4: Our duty on EU vehicles like Mercedes, BMW and Volkswagen
• 20:28
  Speaker 4: was only two and a half. So reciprocal tariffs are
• 20:31
  Speaker 4: working already.
• 20:33
  Speaker 1: They're working like a charm. And again, the average person
• 20:37
  Speaker 1: got nervous. They didn't understand there were lots of there's
• 20:41
  Speaker 1: lots of fear mongering going on, and again it's not
• 20:47
  Speaker 1: the best situation or scenario for everybody, but it's something
• 20:51
  Speaker 1: that had to be done. So nobody likes change. But unfortunately,
• 20:56
  Speaker 1: if we didn't change, you know, things would have just
• 20:59
  Speaker 1: kept and keep, you know, worse and worse and worse.
• 21:02
  Speaker 1: In this country.
• 21:03
  Speaker 4: Absolutely could not agree with you more. And you know,
• 21:07
  Speaker 4: the average tariff in the United States, and this is
• 21:11
  Speaker 4: with trade being dramatically understated because there's a scam that
• 21:15
  Speaker 4: they use called to Minimus exports where it doesn't even
• 21:19
  Speaker 4: go through customs says the value of this stuff is
• 21:22
  Speaker 4: next to nothing, so there's no duty or tariff do
• 21:27
  Speaker 4: But our average tariff on what's reported is about two
• 21:30
  Speaker 4: percent eighty billion a year. So look, I'm in favor
• 21:35
  Speaker 4: of a national sales tax, get rid of the income
• 21:38
  Speaker 4: tax altogether, easier to administer and you're paying for it
• 21:43
  Speaker 4: in any way. Let's take the middleman out and it's
• 21:48
  Speaker 4: automatically withheld. Sure there'll be people looking to subvert it
• 21:53
  Speaker 4: and get around it and all that, that's just normal business.
• 21:57
  Speaker 4: But easier to enforce us sales tax than an income tax.
• 22:02
  Speaker 2: I couldn't agree more.
• 22:03
  Speaker 1: And then that's you know, you're getting taxed more if
• 22:07
  Speaker 1: you're spending and buying, you know, but that's the way
• 22:11
  Speaker 1: it should be.
• 22:12
  Speaker 4: And then Luton Stave, you know, get taxed right exactly,
• 22:16
  Speaker 4: exact exempt basics like food, like drugs, like all the
• 22:22
  Speaker 4: stuff you really need.
• 22:24
  Speaker 2: But otherwise, you know, let's do it. Hey, Paul, appreciate
• 22:27
  Speaker 2: you coming on. We got to run now.
• 22:30
  Speaker 4: Just tell us where we find you again, how we
• 22:32
  Speaker 4: connect with you on the web.
• 22:34
  Speaker 1: So go to better qualified dot com. Better qualified dot com,
• 22:38
  Speaker 1: we actually put together a self help guide, you know,
• 22:42
  Speaker 1: regarding identity theft protection.
• 22:45
  Speaker 2: Every link that.
• 22:45
  Speaker 1: You need for the I R S, for your IP pen,
• 22:49
  Speaker 1: for your online account, all that stuff is there with
• 22:52
  Speaker 1: step by step instruction.
• 22:53
  Speaker 2: So just go to better qualified dot com.
• 22:56
  Speaker 4: Very cool man, Hey, thanks for coming on. It's always
• 22:59
  Speaker 4: great to welcome to you. The link to Paul's site
• 23:02
  Speaker 4: is in the show notes this interview. Make sure you
• 23:04
  Speaker 4: click it get that guide. While you're at the site.
• 23:07
  Speaker 4: Financial Survival Network dot com, please sign up for your
• 23:10
  Speaker 4: free newsletter. Like over seventy five thousand of.
• 23:13
  Speaker 2: You out there have done. Paul, We'll talk to you
• 23:16
  Speaker 2: again real soon. Be well.
• 23:17
  Speaker 3: Thanks Kerry good too, thanks for listening to Carrie Letz's
• 23:21
  Speaker 3: Financial Survival Network, your solution to today's trying times. For
• 23:26
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• 23:31
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