CW 463 – Ashlea Ebeling – Reducing Your Capital Gains & State Taxes with Attorney and Associate Editor at Forbes

In Jason's Creating Wealth intro he talks about how cool it would be to ride in a self-driving car to get to his Meet the Masters event in California. He also talks about oil being the next big thing in the United States and why real estate is still the best asset to obtain when the economy is experiencing inflation, deflation, or stagnation.    Jason's guest today, Ashlea Ebeling, is a Forbes editor and has fantastic insight into the different tax situations happening across the United States. Ashlea talks about state, federal, and income tax on the show. She also shares insight about what you can do to reduce your state taxes, where not to die, capital gains, and more.    Key Takeaways: 5:10 – Oil may be the next economic boost for the US.  9:30 – The three basic economic scenarios are inflation, deflation, and stagnation. 11:50 – The central bank is getting ready to raise their interest rates.  17:18 – High rise condos are not good from an investment point of view. 20:34 – Gen Y are coming of age to be able to rent property and combine that with student loan debt that there will be a lot more people renting homes instead of purchasing them in the next 10 years.  24:10 – Should Jason host two or three episodes a week? Let him know!  25:22 – How do we get to more than 100% in tax? Ashlea explains.  30:50 – How do you get around state taxes? There are four ways you can do this.  34:20 – New Jersey and Maryland have both state and inheritance taxes.  38:21 – Jason is not a fan of Roth IRA, but Ashlea is for it.    43:10 – Ashlea says that there are a lot of new tax law changes happening right now that people need to pay attention to.    Mentioned In This Episode: http://www.forbes.com/sites/ashleaebeling/2014/09/11/where-not-to-die-in-2015/   https://twitter.com/ashleaebeling