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Keith highlights the unprecedented surge in immigration and its impact on housing demand. The conversation also covers state income tax policies, noting that nine states have no income tax, and the impact of international tax laws on US citizens abroad.
Immigrants now make up more than 14% of the US population, the highest proportion since 1910.
The US is facing a significant housing shortage, with an estimated 4.5 million housing units needed.
Housing shortages are expected to continue, with homelessness rates rising by 12% year over year.
Learn about the challenges of being a US citizen living abroad and the potential for double taxation.
Resources:
Connect with Tom’s team at WealthAbility for a free consultation on permanently reducing taxes.
Show Notes:
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