Ted Bauman is a renowned editor of The Smart Money Alert, Plan B Club and Bauman Letter at Banyan Hill Publishing. He specializes in asset protection, low-risk investment tips and strategies, privacy and international migration issues. Currently, he resides in Atlanta, GA together with his family.
Throughout his life, Mr. Bauman has had only one goal- to help people access the resources that they need to be independent, to stop relying on corporate jobs and government aids. He was born in Washington, D.C. and grew up on Maryland’s eastern shore, but as a teenager, he relocated to South Africa where he attended the University of Cape Town for his postgraduate degree in History and Economics.
He spent 25 years in South Africa working in multiple non-profit organizations, usually as a fund executive for affordable housing projects. One of the foundations that he helped established, Slum Dwellers International Foundation, has assisted more than 14 million persons in 35 different nations.
From 2000-2007, Bauman operated as an advisor, researching and writing about housing, urban planning, and finance matters for many different people and organizations, including the World Bank, the United Nations, the European grant-making agencies and the South African government. He went back to America in 2008, where he worked for Habitat for Humanity International as the Director of International Housing Programs. In 2013, he left his job and went to work for Banyan Hill Publishing as full-time researcher and writer.
Today, Ted has written and edited countless articles for Banyan and in one of his works “Debt: The Invisible Threat to Your Wealth,” he explains how the tax has affected Americans for generations.
Tax is one of the hot topics that politicians use to gain popularity, especially the present administration. Trump’s government promised voters to reduce taxes paid by big corporations during his presidential campaigns. Unfortunately, many people see this idea as a project aimed to benefit only the wealthy.
According to Ted, it’s in your interest to be concerned about tax issues because it helps in reducing your nonrefundable income. Since tax amounts to about 15-25 percent of your gross income, it’s something that’s worth your attention.
The United States is one of the most debt-based economies on the planet. Almost everything is being paid using a credit, and that’s why life is expensive. If these services were paid using cash, things would be much better. There’s so much borrowing, and this is the reason why even if taxes are reduced today, it’s the only the rich who will be smiling to the bank. The only way for America to be great again and a better economy for everyone is for the government to address the debt issue instead of the tax.