2024 Proposed Tax Policy Grab Bag (Part 1)

This episode delves into the potential impact of proposed tax policy changes that could significantly affect Americans, particularly those making over $400,000, and the broader implications for everyday citizens.

We discuss how these tax changes, including increases on capital gains and the introduction of new taxes, may not only target high earners but could also trickle down to the average person in various ways.

We emphasize the importance of understanding that tax policies can influence the economy as a whole, affecting prices and investment opportunities. We also highlight the misconception that only the wealthy will bear the burden of these tax increases, illustrating how small business owners and individuals experiencing wealth creation events could also face substantial tax liabilities.

We encourage you to stay informed about these changes and consider how they might impact your financial future and the economy at large.

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Thanks to our sponsor, S.E.E.D. Planning Group! S.E.E.D. is a fee-only financial planning firm with a fiduciary obligation to put your best interest first. Schedule your free discovery meeting at www.seedpg.com

You can watch all episodes, as well as other great content produced by NQR Media through their YouTube channel at https://youtube.com/@NQRMedia

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About Your Co-Hosts:

Travis Maus has been in financial services for over fifteen years. He is a Senior Wealth Manager and Chief Executive Officer at S.E.E.D. Planning Group.

Steve Campbell has over a decade of experience in the industry and serves as Chief Brand Officer at S.E.E.D. Planning Group.

Chapter Markers

00:00 - Introduction
01:30 - Overview of Proposed Tax Policies
05:00 - The $400k Threshold and Its Implications
27:54 - Punitive Taxes on High-Income Earners
35:24 - Conclusion and Wrap-Up