Biden & Trump Tax Plan Comparison
Manage episode 275674914 series 2813785
Policies around real estate and taxes aren’t always sexy, which is why you won’t see much about them in the mainstream media. Get the scoop on Trump and Biden’s tax proposals, learn what they really mean, and see the side-by-side comparison in today’s episode. Follow along with this resource and hear how these plans could impact your investments, bank account, business, and future.
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Time Stamped Show Notes:
- 00:20 - Introducing today’s topic: Biden & Trump Tax Plan Comparison
- 00:45 - Social media and the news tend to focus on policies that aren’t always the ones that matter in real estate
- 01:40 - Individual Tax Rates
- 03:15 - Capital Gains
- 04:00 - Some Leigh Brown opinions
- 05:12 - Pass-Through Business Income
- 05:40 - What pass-through businesses
- 06:05 - Real Estate Provisions
- 06:15 - A breakdown of Biden’s 3 proposed changes and their impact
- 08:10 - Stepped-Up Basis
- 08:20 - What Biden’s proposed change means
- 09:25 - Carried Interest
- 09:55 - Corporate Tax Rates
- 10:15 - Why corporations don’t need a tax hike right now
- 10:50 - Payroll Taxes
- 11:30 - Housing
- 12:15 - What Leigh likes about low-income housing tax credits
- See the side-by-side comparison HERE
3 Key Points
- We don’t need to raise taxes right now.
- Money flows where it’s least hampered.
- Do your research; this all impacts YOU.
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