Show notes
Mark and Derek will continue their discussion on how President Biden plans to tax "the rich" and the not-so-rich. All these taxes keep dipping into the middle class. As the president proposes a six trillion-dollar budget he plans to pay for much of this by raising taxes. Who will be affected? How will these tax increases affect you? What you need to pay attention to as these tax increases are passed?OUTLINE OF THIS EPISODE[1:00} Recap the first two plans[1:20] Number Three: Raise taxes on the step-up inherited property[7:00] Number Four: Tax Carried Interest Taxed as Ordinary Income[9:55] Number Five: Like-Kind Exchanges[12:35] Number Six: Extend the business loss Limitation Rule[14:24] Number Seven: Increasing Enforcement ActivitiesConnect with Derek GabrielsenTwitter: @DerekGabrielsenFollow Derek on LinkedInSend Derek a message hereCheck out Derek’s YouTube channel!Connect With Mark TepperTwitter: @MarkTepperSWPFollow Mark on LinkedInSend Mark a message hereThe SWP Connect YouTube ChannelSend your questions and comments to us at [email protected] Subscribe to The Capitalist InvestorThe opinions expressed in the podcast are for general informational purposesonly and are not intended to provide specific advice or recommendations for any investment, legal, financial, or tax strategy. It is only intended to provideeducation about the financial industry. Please consult a qualified professionalabout your individual needs.