11.02.22 New Tax Brackets / Side Gig Opportunity

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 2 November 2022

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Due to inflation, there are big changes in the tax brackets. Clark discusses how this affects investing and buying some types of life insurance. Also, add new seasonal job openings to the ongoing labor shortages and know there’s great side gig opportunity out there to close any gaps in your monthly budget. But, beware the “freeway ramp scam” and its online permutations offering big money for hourly work. Make sure your side hustle is real. New Tax Rates & Brackets: Segment 1 Ask Clark: Segment 2 Second Jobs: Segment 3 Ask Clark: Segment 4 Mentioned on the show: Here Are the New IRS Tax Brackets for 2023 WSJ: Inflation Causes IRS to Raise Tax Brackets, Standard Deduction by 7% What Is an Annuity, and Why Does Clark Think They Stink? What Is a Fiduciary Financial Advisor and Do I Need One? T-Mobile 5G Home Internet: 5 Things To Know Before You Sign Up Straight Talk Wireless Introduces Prepaid Home Internet Verizon Home Internet: Things To Know Before You Sign Up Should I Keep My Old Car or Buy a New Car? Should You Invest in a Rental Home? Here's Clark's 1% Rule Is Amazon Prime Worth It for You? Take This Quiz To Find Out! ABetterRoutePlanner.com Clark.com resources Episode transcripts Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's my pleasure to welcome you here to the Clark Howard Show where our mission is to
0:09.3	serve you and empower you so you make better financial decisions in your life.
0:16.1	One decision I hope you'll make is to subscribe to our wonderful, free newsletters.
0:23.1	The free makes them wonderful but the content is what will really pay off for you.
0:28.1	If you go to Clark.com slash newsletters, you'll see how easy it is to sign up and I'd
0:34.6	be surprised if you regret it.
0:37.4	But if you do, guess what?
0:40.1	We don't keep you as a prisoner.
0:41.6	You can say, Clark, you're caught in me.
0:44.2	I didn't want to do that.
0:45.8	How do I get out of this?
0:46.8	We make it really easy for you to kick us to the curb if you decide you don't like it.
0:53.1	Now one thing a lot of us would like to unsubscribe from are income tax bills.
0:59.8	But actually because of the hideous inflation we've had recently, there's big changes
1:07.4	in the tax brackets and it means that some of the decisions people in the financial services
1:14.9	industry might try to push you to really make no sense at all for most people with where
1:22.8	our tax rates are and our tax brackets.
1:27.3	And later, wow, 10 million unfilled jobs in the United States.
1:34.4	10 million, that is a lot, a lot.
1:38.6	Lot of employers still begging for workers even as the economy is shifting into a lower
1:44.6	gear.
1:46.0	So there's a way maybe you can tackle some of that inflation that's eroded your living
	...

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