Indebted - Columbia Journalism Review
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Should you help your adult children to buy real estate?
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rates. i have real interest rates. despite that, i have a strong economy. dana: short time ago president trump suggesting he won t cut payroll taxes because the economy is strong. now, that s a reversal from yesterday. he said he was mulling that idea. i do think the idea is out there, at least in the white house, they re talking about as a possible tool in case they need it. joining me is chris hogan from ramsey solutions and author of the book everyday millionaire. i wanted people to understand what payroll taxes are. how many people are paying them and how much are they paying? you re the best guy to ask, chris. well, thank you, dana. listen, on average the typical american is paying about 6.2% in payroll taxes. these things are used to subsidize certain areas, medicare, things of that nature. so we re all paying these things. but in reality, when we start to hear this discussion of tax cuts, dana, the reality is, the goal is to try to boost consumer spending. it s trying to g