Tax Torpedoes Ahead: Why Middle Millionaires Are in the Crosshairs The myth of the self made millionaire has been perpetuated through generations of entrepreneurs and investors.
Accumulating wealth, minimizing taxes, and securing a comfortable retirement seem like straightforward goals. However, this oversimplification ignores the complexities of the tax code.
Middle millionaires, those with $1 3 million in their tax deferred accounts, are particularly vulnerable to excessive taxation.