Would you believe that there are benefits to a recession? Yes there are and by knowing what they are, you can take advantage of them.
First, when the economy is in recession, you will soon get a fat check from the Internal Revenue Service or IRS amounting to $300 or $1,200. Why does the government issue it? This is the governments way to help the economy. If you have not received yours yet, you will probably get it next year.
As a result of the recession, majority of the bonds and stocks are undervalued. This means you can buy these at reasonable prices. Just make sure you do some research first because you only want to buy those that have a good return when the economy recovers. You should also look into buying some property given that their value is also low.
Since you are a consumer, you will also get tax breaks. What happens here is that you dont have to pay that much income tax this year as a direct result of a deduction for private mortgage insurance which happens to be an extension of the sales tax write-off and also a boost in the alternative minimum tax exemption amount.
Aside from the Internal Revenue Service, the Federal Reserve also does...
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