Inflation Reduction or Business Disruption?
The WealthAbility Show #119: Does Biden’s new tax bill have your business in mind? What exactly fuels this plan and who ends up paying? This bill is set to increase the pressure on already struggling companies. In this episode, Steve Moore joins Tom to discuss Biden’s new tax bill and the impact it will have on small business and, inevitably, the average taxpayer.
Order Tom’s new book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/
00:00 – Intro
03:25 – How will corporate minimum tax affect the average tax payer?
07:44 – Given the IRS’s inability to handle it’s current workload, how will they handle going after large corporations?
14:43 – How much will the IRS know about you and your business?
21:29 – What can people do about this bill?
Looking for more on Steve Moore?
Website: www.freedomworks.org
Tom Wheelwright, #CPA is a Best-Selling Author, Entrepreneur & Worldwide Authority on Tax. https://wealthability.com/tom/
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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.