04: Biden Tax Proposal
from A Place of Possibility Hosted by Richard Del Monte and Angela Wright
You know what they say, "Nothing lasts forever," which is especially true for tax changes. How many have you seen in your lifetime? If you're older, then probably quite a few, and if you're younger, then saddle up. It's quite the roller coaster ride we're all on. Updating our estate plans, rearranging our finances with this strategy, and that workaround to protect our hard-earned assets so our retirements and legacy don't get blown up by various tax rate hikes, penalties, and whatnot. With a new administration in office, we once again see some significant proposed changes. The infrastructure bill has been finalized, and now it's on to negotiations in the House. In today's episode, we're breaking down his proposals and changes because a couple of heavy hitters have the potential to impact everyone.
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