The Nitty-Gritty of Biden’s Tax Plan
The WealthAbility Show #89 - The Nitty-Gritty of Biden's Tax Plan w/ Kyle Pomerleau
Joe Biden says his tax proposal to support a $6 trillion budget is aimed at corporations and high earners. In this episode of the WealthAbility Show, Tom Wheelwright and Kyle Pomerleau discuss what is really in Biden’s plan, and here’s a hint: the corporations and high earners aren’t the only ones getting hit by the tax man.
04:24 - How Does Biden Propose To Change Taxes On Multi-Nationals?
08:19 - Will Average Americans End Up Paying Higher Taxes Under Biden’s Global Tax Plan?
12:17 - How Will Small Businesses Be Taxed Under The Biden Plan?
14:03 - How Will S-Corp Taxes Change Under Biden’s Plans?
17:43 - How Will Capital Gains Taxes Change Under Biden Plan?
21:13 - How Will Gift Taxes Change Under The Biden Plan?
27:27 - Will The Carried Interest Loophole Change Under The Biden Plan?
Tom Wheelwright, #CPA is a Best-Selling Author, Entrepreneur & Worldwide Authority on Tax. https://wealthability.com/tom/
**********************************
PODCAST: WealthAbility® For CPAs
**********************************
Listen & Subscribe on iTunes, Stitcher & Spotify! https://wealthability.com/thenetwork/ YouTube Playlist https://www.youtube.com/playlist?list=PLydsKeyc6R5w4v9sPfqBPMGGY9Ar-1vCs **********************************
Resources
**********************************
Tom’s Book: Tax-Free Wealth https://taxfreewealthbook.com Visit WealthAbility®
https://wealthability.com/ Sign up for Tom’s Free Weekly Report
https://wealthability.com/getreport/ Schedule A Call With My Team
https://wealthability.com/schedulecall/
Social Media
***********************************
Facebook (Tom Wheelwright) https://www.facebook.com/Tom.Wheelwright.CPA/
Facebook (WealthAbility®) https://www.facebook.com/4wealthability/
Facebook(Tax-Free Wealth Book) https://www.facebook.com/TaxFreeWealthBook/
Twitter (WealthAbility®) https://twitter.com/WealthAbility Instagram (WealthAbility®) https://www.instagram.com/wealthability_now/
DISCLAIMER: WealthAbility® does not provide tax, legal or accounting advice. The materials provided have been prepared for informational purposes only, and are not intended to provide tax, legal or accounting advice. The materials may or may not reflect the most current legislative or regulatory requirements or the requirements of specific industries or of states. These materials are not tax advice and are not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer. Readers should consult their own tax, legal and accounting advisors before applying the laws to their particular situations or engaging in any transaction.