Podcasts about job act

Rich welcomes Rep. Mark Harris (R-NC) for a discussion of the House budget resolution, the SAVE Act, and other news of the day. Later, the Job Creators Network is urging Congress to extend the 2017 Tax Cuts & Job Act; we hear from the group's CEO, Alfredo Ortiz. Plus, Mandy Gunasekara, former Chief of Staff at the EPA and author of "Y'all Fired: A Southern Belle's Guide to Restoring Federalism and Draining the Swamp," gives her assessment of current administrator Lee Zeldin, and offers thoughts on RINO members of Congress who are moving to block President Trump's tariffs strategy. Learn more about your ad choices. Visit podcastchoices.com/adchoices

@markasher32 talks failed tax cuts and the Job Act with Gabe Hagen of  @BrickRoadCoffee we give you the latest news and the business of sports and our crosstalk with  @Mastering_Money #news #stocks #taxes #coffee #sports #reitire

The Tax Cuts and Job Act of 2017 expires on 12/31/2025 unless the politicians pass a new version. IRS Expert Dan Pilla goes through the before and after of the tax cuts and what could happen if this bill is not renewed.  

In today's Act On This LIVEstream we share strategies for you to land MORE TV auditions in the 2nd half of 2024, than you did in the first... We discuss ways to leave your life-draining day job behind and we give you a list of the very best kit to buy when setting up a home voiceover studio! Not an Act On This member yet? Want more auditions and more roles on TV? Come join the tribe: https://www.actonthis.tv - Act On This - The TV Actors' Network- Main site: https://www.actonthis.tv FB Page: https://www.facebook.com/ActOnThisTV/ FB Group: https://www.facebook.com/groups/ActOnThisTV Instagram: https://www.instagram.com/actonthistv/ X (formerlyTwitter): https://www.x.com/ActOnThisTV  - Bulletproof Actor - Main Site: https://www.bulletproofactor.com X (formerlyTwitter): https://www.x.com/BulletproofAct - Subscribe to my VIP newsletter for updates and giveaways: https://www.actonthis.tv/subscribe

In this episode Chris Boyd digs into ways you may be able to reduce this year's income tax burden.  Chris refers to a recent article in Barrons (link provided below) and starts off the conversation with Jeff Perry on six specific areas to consider before year's end.  The pair talks about ways to defer income into 2024 and accelerate deductions for 2023.  Chris and Jeff next go into the subject of locking in capital losses. This topic naturally transitions into the issues with mutual fund capital gain distributions and how to best avoid and plan for investment income taxes.  Jeff reminds listeners to make their quarterly estimated income tax payments.  As the segment concludes, the pair discusses current tax rates and the likelihood of higher taxes in 2026, when the Tax Cuts and Job Act expire.  Chris and Jeff wrap up the segment sharing their thoughts on Roth conversions and when they make the most sense. https://www.barrons.com/articles/taxes-inflation-deductions-brackets-roth-ira-e880ee33?st=ujq7offcrloh18q If you need help with financial planning issues don't hesitate to reach out to Asset Management Resources at (866) 771-8901. Something More with Chris Boyd:  https://amrfinancial.com/radio/ https://www.facebook.com/SomethingMoreWithChrisBoyd  https://www.instagram.com/somethingmorewithchrisboyd/ https://twitter.com/SMoreChrisBoyd #SMwCB #TaxSeason #TaxPlanning #IncomeTax #TaxSavings #YearEndPlanning #Deductions #CapitalLosses #MutualFunds #InvestmentTaxes #QuarterlyPayments  

Thursday, November 2 on Urban Forum Northwest : *Congressman Adam Smith (D) WA-9 Ranking Member, House Armed Services Committee comments on the pressing issues before the US House of Representatives, in a House that is divided. US military personnel are positioned in several hot spots around the world and the middle east situation is getting worse. *Bob Armstead, President, Washington State Chapter-National Association of Minority Contractors (NAMC) is engaged with several state agencies receiving federal funds but are not living up to President Biden's commitment that minorities would receive 15% of the 1.75 trillion dollar Infrastructure and Job Act funds and the Justice 40 Fund. *Reverend Dr. Leslie D. Braxton, Pastor, New Beginnings Christian Fellowship (NBCF) invites you to their Future Leaders Scholarship Banquet on Saturday, November 11 at NBCF. Dr. Caprice Hollins, Co Founder, Cultures Connecting is the Key Note Speaker, Emcee is Angela Poe Russell. Phyllis Birdwell, Minister of Music at Mount Zion Baptist Church and Jimmy Brown, Minister of Music, Tacoma's Allen Temple AME Church will receive Life Time Achievement Awards. *Reverend Dr. Harriett Walden, Founder, Mothers' For Police Accountability is hosting the organization's Annual Breakfast on November 9 at 7:00 am at the Royal Esquire Club. Mothers' was organized in response to the treatment Reverend Walden's sons experienced by Seattle Policemen in 1990 and is now celebrating 33 years of service. Urban Forum Northwest streams live at www.1150kknw.com. Visit us at www.urbanforumnw.com for archived programs and relevant information. Like us on facebook. Twitter(X)@Eddie_Rye.

Thursday, November 2 on Urban Forum Northwest :*Congressman Adam Smith (D) WA-9 Ranking Member, House Armed Services Committee comments on the pressing issues before the US House of Representatives, in a House that is divided. US military personnel are positioned in several hot spots around the world and the middle east situation is getting worse.*Bob Armstead, President, Washington State Chapter-National Association of Minority Contractors (NAMC) is engaged with several state agencies receiving federal funds but are not living up to President Biden's commitment that minorities would receive 15% of the 1.75 trillion dollar Infrastructure and Job Act funds and the Justice 40 Fund.*Reverend Dr. Leslie D. Braxton, Pastor, New Beginnings Christian Fellowship (NBCF) invites you to their Future Leaders Scholarship Banquet on Saturday, November 11 at NBCF. Dr. Caprice Hollins, Co Founder, Cultures Connecting is the Key Note Speaker, Emcee is Angela Poe Russell. Phyllis Birdwell, Minister of Music at Mount Zion Baptist Church and Jimmy Brown, Minister of Music, Tacoma's Allen Temple AME Church will receive Life Time Achievement Awards.*Reverend Dr. Harriett Walden, Founder, Mothers' For Police Accountability is hosting the organization's Annual Breakfast on November 9 at 7:00 am at the Royal Esquire Club. Mothers' was organized in response to the treatment Reverend Walden's sons experienced by Seattle Policemen in 1990 and is now celebrating 33 years of service.Urban Forum Northwest streams live at www.1150kknw.com. Visit us at www.urbanforumnw.com for archived programs and relevant information. Like us on facebook. Twitter(X)@Eddie_Rye. Learn more about your ad choices. Visit podcastchoices.com/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Thursday, November 2 on Urban Forum Northwest : *Congressman Adam Smith (D) WA-9 Ranking Member, House Armed Services Committee comments on the pressing issues before the US House of Representatives, in a House that is divided. US military personnel are positioned in several hot spots around the world and the middle east situation is getting worse. *Bob Armstead, President, Washington State Chapter-National Association of Minority Contractors (NAMC) is engaged with several state agencies receiving federal funds but are not living up to President Biden's commitment that minorities would receive 15% of the 1.75 trillion dollar Infrastructure and Job Act funds and the Justice 40 Fund. *Reverend Dr. Leslie D. Braxton, Pastor, New Beginnings Christian Fellowship (NBCF) invites you to their Future Leaders Scholarship Banquet on Saturday, November 11 at NBCF. Dr. Caprice Hollins, Co Founder, Cultures Connecting is the Key Note Speaker, Emcee is Angela Poe Russell. Phyllis Birdwell, Minister of Music at Mount Zion Baptist Church and Jimmy Brown, Minister of Music, Tacoma's Allen Temple AME Church will receive Life Time Achievement Awards. *Reverend Dr. Harriett Walden, Founder, Mothers' For Police Accountability is hosting the organization's Annual Breakfast on November 9 at 7:00 am at the Royal Esquire Club. Mothers' was organized in response to the treatment Reverend Walden's sons experienced by Seattle Policemen in 1990 and is now celebrating 33 years of service. Urban Forum Northwest streams live at www.1150kknw.com. Visit us at www.urbanforumnw.com for archived programs and relevant information. Like us on facebook. Twitter(X)@Eddie_Rye.

In November 2021, President Joe Biden signed into law the Infrastructure Investment and Job Act, also known as the Bipartisan Infrastructure Law (BIL). It provides $1.2 Trillion in federal funding designed to transform, enhance, and augment all sorts of vital projects across the country. To get you acquainted with the funding we are talking Justice40, sharing resources, and more.

In this LIVE broadcast replay, we dive behind the scenes of our latest Act On This member podcast with 'Doctor Who' director Azhur Saleem... We look at the PERFECT day jobs for actors, dive into Spotlight profiles AND LOADS MORE! Are you currently looking for your first TV role? Get on the waiting list for my flagship coaching program 'First TV Role Fast-Track' here: https://www.actonthis.tv/first If you'd like to join our LIVE, private Zoom calls with the BIGGEST casting directors, agents, actors, writers, directors and producers in TV, EVERY WEEK - grab an Act On This membership TODAY - https://www.actonthis.tv/live Wanna join me for my next FB stream? Like and follow the Act On This FB page to be notified next time I GO LIVE! https://www.facebook.com/ActOnThisTV - Your comments mean the absolute world to me, please take a second, say ‘hi' and let me and my team know what you thought of this audio... P.S. - it would make my life, if you hit the subscribe button ;) - MEET ROSS ► Actor, presenter and high-performance coach. I've been training, working, and coaching in the TV industry for over 20 years. Today I work regularly as an actor in top TV drama, voice TV commercials, corporate work and animation, for some of the biggest networks on the planet, and speak regularly on stages, up and down the country, on what it takes to have success as an actor in an ever-evolving business. - ACT ON THIS ► In 2011, I launched Act On This - The TV Actors' Network - giving actors the business education that even the most prestigious drama schools still fail to deliver. Today https://www.actonthis.tv is the TV industry's LEADING knowledge platform - hosting hundreds of hours of audio and video interviews with the BIGGEST casting directors, agents, BAFTA and Oscar-winning actors, writers and producers in the business. - Act On This - The TV Actors' Network Main site: https://www.actonthis.tv FB Page: https://www.facebook.com/ActOnThisTV/ FB Group: https://www.facebook.com/groups/ActOnThisTV Instagram: https://www.instagram.com/actonthistv/ Twitter: https://www.twitter.com/ActOnThisTV/ - Bulletproof Actor Main Site: https://www.bulletproofactor.com Twitter: https://www.twitter.com/BulletproofAct/ - Subscribe to my VIP newsletter for updates and giveaways: https://www.actonthis.tv/subscribe

The Energy Department's inspector general is overwhelmed. It cannot keep up its oversight with the amount of money Congress has appropriated the agency over the last few years.Energy received a huge budget increase from four laws Congress passed over the last few years: the Infrastructure Investment and Job Act, the Inflation Reduction Act, the CHIPs and Science Act and $1 billion dollars for solar projects in Puerto Rico as part of the 2023 omnibus appropriations bill. Learn more about your ad choices. Visit podcastchoices.com/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Energy Department's inspector general is overwhelmed. It cannot keep up its oversight with the amount of money Congress has appropriated the agency over the last few years. Energy received a huge budget increase from four laws Congress passed over the last few years: the Infrastructure Investment and Job Act, the Inflation Reduction Act, the CHIPs and Science Act and $1 billion dollars for solar projects in Puerto Rico as part of the 2023 omnibus appropriations bill. Learn more about your ad choices. Visit megaphone.fm/adchoices

Did you know that there are many tax deductions available that can help you save money? In this episode of the Small Business Tax Savings Podcast, Mike discusses maximizing advertising and gift deductions, which is part of a bigger series on business deductions and write-offs.Mike talks about advertising expenses, these refer to costs associated with promoting a company or brand through media buys, social media, website creation, and influencer marketing, among others. The key is finding a business purpose for everyday spending to turn into pre-tax spending.Mike explores the different ways to maximize tax deductions through charitable contributions, advertising expenses, and gift expenses. He delves into ways to categorize gifts as advertising expenses, such as placing logos on items or using them for training.Tune in now and check out Mike's guide for more in-depth information on maximizing deductions while growing your small business! [00:00] Maximizing Advertising And Gift Deductions For Small Business OwnersToday's episode is about Maximizing  Advertising and Gift DeductionsAdvertising expenses include promoting your business through various channels such as TV, Radio, Social Media, websites, etc.Gift expenses can be deductible if they are ordinary and necessary business expenses[00:50] Planning Opportunities For Business OwnersThe goal is to turn after-tax spending into pre-tax spending by finding a business purpose for everyday spendingSwag items with company logos are considered advertising expensesAdvertising expenses include promoting the brand at conventions or through contestsPlanning opportunities exist to move spending from channels[09:33] Turning Charitable Contributions Into Advertising ExpensesSponsoring a charity event or doing a charity drive can be considered an advertising expense if it leads to business growthReview-based donation systemPlanning opportunities for gift expenses include different categorizations and gifting to married couples or familiesBranding and logo can turn gifts into advertising expenses [14:17] Closing SegmentMike advises listeners that any items that cost $4 or less with your name on it are not considered gifts by the IRS  Final WordsKey Quotes“With the Tax Cuts and Job Act, the new standard deduction is increased. So many people actually lose out on getting a tax advantage of giving to charity if their itemized deduction is lower than what the standard is. So, if you can find a way to tie this type of spending to advertising, you can take it as an advertising expense, which is going to be more beneficial to you than a charitable contribution.” – Mike Jesowshek--------Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings PodcastJoin Our Tax Minimization Program: https://www.taxsavingspodcast.com/taxIncSight Packages: https://incsight.net/pricing/Book an Initial Consultation: https://app.simplymeet.me/o/incsight/sale-------Podcast Website: https://www.TaxSavingsPodcast.comFacebook Group: https://www.facebook.com/groups/taxsavings/--------To find out more on this topic and many others visit our website at www.TaxSavingsPodcast.com. You can also give us a call at 844-327-9272 or send your questions to us at: Ask@TaxSavingsPodcast.com

My guest today is my friend Graham Jenkin, CEO of CoinList. CoinList's mission is to accelerate the advancement of blockchain technology. We do this by finding the best emerging blockchain projects and helping them succeed. They've become the global leader in new token issuance, helping blue chip projects like Filecoin, Solana, Celo, Algorand, Dapper, and others connect with hundreds of thousands of new token holders. CoinList users trade and store Bitcoin, Ether, and many other popular crypto assets through our full-service exchange, while also getting access to the best new tokens before they list on other exchanges. Their customers include validators, miners, founders, CEOs, crypto funds, bitcoin OGs, as well as a broad array of crypto enthusiasts. Unlike other centralized crypto finance platforms, CoinList is not here to just build a bank or a brokerage. They are building the platform for people who are passionate about moving crypto forward. Graham Jenkin is the CEO at CoinList. He was formerly COO & UX engineer/designer at AngelList. He has extensive experience in leading projects and marketing. One of the biggest projects he led was the redesign of the user interface for the world's most profitable online business - Google AdWords and won the inaugural Google Great Manager Award. He also spent time at Bank of America where he led BofA.com to 2 webby awards. Our conversation focuses on a variety of topics including CoinList, regulatory and compliance, Bitcoin, the upcoming “Orange Wave” in the midterm elections, market and societal conditions, and much more. We begin our conversation by discussing Jack Dorsey's recent twitter rant about Web3. We address the nuances around Web3 and the term “Venture Capitalist” Our conversation pivots to CoinList, we begin discussing the origins of CoinList and it's connection to AngelList. Graham discusses how his time at AngelList has helped him navigate the regulatory and compliance hurdles facing crypto-native companies. We go on to discuss the overwhelmingly positive impact Obama's Job Act had on the Startup Ecosystem. Our conversation transitions to the very interesting topic of Bitcoin and Satoshi's influence on society. We discuss how beautiful the global nature of the crypto industry is and the welcoming nature of the community. Our conversation pivots to the current market conditions and the inflationary pressures that are plaguing all aspects of society. A very important topic we discussed was the future of the Bitcoin voting block and the impact of the orange will have on the upcoming 2022 midterm elections. Graham discusses the future of governance and how crypto is disrupting how individuals participate in organizations. Our conversations pivots to the topic of decentralization and minimum decentralization. We discuss how decentralization is a spectrum and what is the line of demarcation that deems a project to be sufficiently decentralized. Another very interesting point of discussion was our conversation about using Token Investor Loyalty (TIL) as a good way to evaluate a project. Graham discusses how CoinList evaluates projects. We discuss the dynamics of token sales and the explosion of interest from investors. Graham also teaches us the ins-and-outs of NFTs and the impact of NFTs on society. The final portion of our conversation was dedicated to looking at the world and trying to understand the dramatic shifts that are currently taking place within society. -- Public: Start investing with as little as $1 and get a free slice of stock up to $50 when you join Public.com today. Visit public.com/UNTOLDSTORIES to download the app and sign up. -- This podcast is powered by Blockworks. For exclusive content and events that provide insights into the crypto and blockchain space, visit them at https://blockworks.co

On this episode of Weaver: Beyond the Numbers, Host Tyler Kern talked with Rob Nowak, Partner in Tax Services at Weaver, about the bonus depreciation of business assets. “Bonus depreciation is one of the incentives that's been around in the tax code for about 20 years,” Nowak said. “It's an enhanced expensing election that allows taxpayers to immediately write off the cost basis of qualifying assets placed in service during a year.” So, what are qualifying assets? It's a tangible property with MACRS class life of 20 years or less. It also includes some other property that is specialized to an industry, like particular water treatment property, software that is amortized over three years and certain types of plants. “Both new and used property now qualify for bonus depreciation, which is a little bit of a departure from some prior law,” Nowak said. Under the 2017 Tax Cuts and Job Act, the law was changed to allow new assets but also used property. However, those would not qualify if a taxpayer previously used the property or a predecessor entity or related entity. “There's also a specific classification of property referred to as qualified improvement property,” Nowak said. “That's certain improvements to commercial real estate.” Listen to the full episode to hear all of Nowak's insights on the bonus depreciation incentives. Subscribe and listen to future episodes of Weaver: Beyond the Numbers on Apple Podcasts or Spotify. Weaver's professionals are known for helping clients address problems, achieve compliance and prevent fraud or loss. Visit weaver.com for more thought leadership.

On this episode of Weaver: Beyond the Numbers, Host Tyler Kern talked with Rob Nowak, Partner in Tax Services at Weaver, about the bonus depreciation of business assets. “Bonus depreciation is one of the incentives that's been around in the tax code for about 20 years,” Nowak said. “It's an enhanced expensing election that allows taxpayers to immediately write off the cost basis of qualifying assets placed in service during a year.” So, what are qualifying assets? It's a tangible property with MACRS class life of 20 years or less. It also includes some other property that is specialized to an industry, like particular water treatment property, software that is amortized over three years and certain types of plants. “Both new and used property now qualify for bonus depreciation, which is a little bit of a departure from some prior law,” Nowak said. Under the 2017 Tax Cuts and Job Act, the law was changed to allow new assets but also used property. However, those would not qualify if a taxpayer previously used the property or a predecessor entity or related entity. “There's also a specific classification of property referred to as qualified improvement property,” Nowak said. “That's certain improvements to commercial real estate.”Listen to the full episode to hear all of Nowak's insights on the bonus depreciation incentives.Subscribe and listen to future episodes of Weaver: Beyond the Numbers on Apple Podcasts or Spotify.

In this episode, I discuss the benefits of starting early with saving for your children's education. What type of tax-advantaged plans are available for education savings? When should you start saving for your kids' education? What changes were made to these plans with the 2017 Tax Cuts and Job Act?  Listen to find out.Action Steps:Set up an Education Savings Account or 529 Plan to start saving and investing for your kids' education.Subscribe to get our Financial Tip Friday emails here, https://mailchi.mp/f645a5adc403/join-our-communityVisit our website www.RuggedFinancial.com

Colin Wright of Exile Lifestyle reminds you that you are worth more than your current job. This is part 2 of 2. Episode 235: [Part 2] You Are Not Your Job: Act Like It by Colin Wright of Exile Lifestyle on Increase Your Value Colin Wright is a professional author and international speaker who co-founded a publishing company and travels full-time, moving to a new country every four months or so--that country determined by the votes of his readers! He also blogs. Colin's a minimalist in that he owns very few things and is careful in how he consumes. He tends to buy less, but invest in quality when he does, and trends toward the same in relationships, business endeavors, and just about everything else. He's left-handed, blue-eyed, scary good at Tetris, and can't cook. The original post can be found here: https://exilelifestyle.com/job-act/  With Netgear Business Solutions, you get the very best WiFi performance to keep you connected whether you're in the office, working from home, or on the go. Visit Netgear.com/business and use code OPTIMAL10 at checkout to save 10%! Please Rate & Review the Show!  Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group  Join the Ol' Family to get your Free Gifts and join our online community: OLDPodcast.com/group   Interested in advertising on the show? Visit https://www.advertisecast.com/OptimalStartUpDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Colin Wright of Exile Lifestyle reminds you that you are worth more than your current job. This is part 2 of 2. Episode 235: [Part 2] You Are Not Your Job: Act Like It by Colin Wright of Exile Lifestyle on Increase Your Value Colin Wright is a professional author and international speaker who co-founded a publishing company and travels full-time, moving to a new country every four months or so--that country determined by the votes of his readers! He also blogs. Colin's a minimalist in that he owns very few things and is careful in how he consumes. He tends to buy less, but invest in quality when he does, and trends toward the same in relationships, business endeavors, and just about everything else. He's left-handed, blue-eyed, scary good at Tetris, and can’t cook. The original post can be found here: https://exilelifestyle.com/job-act/ With Netgear Business Solutions, you get the very best WiFi performance to keep you connected whether you're in the office, working from home, or on the go. Visit Netgear.com/business and use code OPTIMAL10 at checkout to save 10%! Please Rate & Review the Show! Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group Join the Ol' Family to get your Free Gifts and join our online community: OLDPodcast.com/group Interested in advertising on the show? Visit https://www.advertisecast.com/OptimalStartUpDaily --- Support this podcast: https://anchor.fm/optimal-startup-daily/support

Colin Wright of Exile Lifestyle reminds you that you are worth more than your current job. This is part 2 of 2. Episode 235: [Part 2] You Are Not Your Job: Act Like It by Colin Wright of Exile Lifestyle on Increase Your Value Colin Wright is a professional author and international speaker who co-founded a publishing company and travels full-time, moving to a new country every four months or so--that country determined by the votes of his readers! He also blogs. Colin's a minimalist in that he owns very few things and is careful in how he consumes. He tends to buy less, but invest in quality when he does, and trends toward the same in relationships, business endeavors, and just about everything else. He's left-handed, blue-eyed, scary good at Tetris, and can't cook. The original post can be found here: https://exilelifestyle.com/job-act/  With Netgear Business Solutions, you get the very best WiFi performance to keep you connected whether you're in the office, working from home, or on the go. Visit Netgear.com/business and use code OPTIMAL10 at checkout to save 10%! Please Rate & Review the Show!  Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group  Join the Ol' Family to get your Free Gifts and join our online community: OLDPodcast.com/group   Interested in advertising on the show? Visit https://www.advertisecast.com/OptimalStartUpDaily

Colin Wright of Exile Lifestyle reminds you that you are worth more than your current job. This is part 1 of 2. Episode 234: [Part 1] You Are Not Your Job: Act Like It by Colin Wright of Exile Lifestyle on Increase Your Value Colin Wright is a professional author and international speaker who co-founded a publishing company and travels full-time, moving to a new country every four months or so--that country determined by the votes of his readers! He also blogs. Colin's a minimalist in that he owns very few things and is careful in how he consumes. He tends to buy less, but invest in quality when he does, and trends toward the same in relationships, business endeavors, and just about everything else. He's left-handed, blue-eyed, scary good at Tetris, and can't cook. The original post can be found here: https://exilelifestyle.com/job-act/  With Netgear Business Solutions, you get the very best WiFi performance to keep you connected whether you're in the office, working from home, or on the go. Visit Netgear.com/business and use code OPTIMAL10 at checkout to save 10%! Please Rate & Review the Show!  Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group  Join the Ol' Family to get your Free Gifts and join our online community: OLDPodcast.com/group   Interested in advertising on the show? Visit https://www.advertisecast.com/OptimalStartUpDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Colin Wright of Exile Lifestyle reminds you that you are worth more than your current job. This is part 1 of 2. Episode 234: [Part 1] You Are Not Your Job: Act Like It by Colin Wright of Exile Lifestyle on Increase Your Value Colin Wright is a professional author and international speaker who co-founded a publishing company and travels full-time, moving to a new country every four months or so--that country determined by the votes of his readers! He also blogs. Colin's a minimalist in that he owns very few things and is careful in how he consumes. He tends to buy less, but invest in quality when he does, and trends toward the same in relationships, business endeavors, and just about everything else. He's left-handed, blue-eyed, scary good at Tetris, and can’t cook. The original post can be found here: https://exilelifestyle.com/job-act/ With Netgear Business Solutions, you get the very best WiFi performance to keep you connected whether you're in the office, working from home, or on the go. Visit Netgear.com/business and use code OPTIMAL10 at checkout to save 10%! Please Rate & Review the Show! Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group Join the Ol' Family to get your Free Gifts and join our online community: OLDPodcast.com/group Interested in advertising on the show? Visit https://www.advertisecast.com/OptimalStartUpDaily --- Support this podcast: https://anchor.fm/optimal-startup-daily/support

Colin Wright of Exile Lifestyle reminds you that you are worth more than your current job. This is part 1 of 2. Episode 234: [Part 1] You Are Not Your Job: Act Like It by Colin Wright of Exile Lifestyle on Increase Your Value Colin Wright is a professional author and international speaker who co-founded a publishing company and travels full-time, moving to a new country every four months or so--that country determined by the votes of his readers! He also blogs. Colin's a minimalist in that he owns very few things and is careful in how he consumes. He tends to buy less, but invest in quality when he does, and trends toward the same in relationships, business endeavors, and just about everything else. He's left-handed, blue-eyed, scary good at Tetris, and can't cook. The original post can be found here: https://exilelifestyle.com/job-act/  With Netgear Business Solutions, you get the very best WiFi performance to keep you connected whether you're in the office, working from home, or on the go. Visit Netgear.com/business and use code OPTIMAL10 at checkout to save 10%! Please Rate & Review the Show!  Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group  Join the Ol' Family to get your Free Gifts and join our online community: OLDPodcast.com/group   Interested in advertising on the show? Visit https://www.advertisecast.com/OptimalStartUpDaily

Join us on a very special episode of Launch Financial, as we are joined by CPA, Shawn Donovan. On this unique episode, Brad and Shawn take a deep dive into Biden's Tax Proposal and provide the audience with the confusion surrounding this new tax plan. For more questions about Biden's tax proposal and thoughts on the episode, please reach out to us at info@shermanwealth.com.  --- [Transcript] Announcer: Welcome to Launch Financial, your guide to important financial decisions that you should have learned about in school, but were never taught or that no one ever talked about, conversations you should be having, but never did. Together, our hosts, along with a guest speaker, will tackle topics and issues we come across and think about daily, but often don't discuss. Subscribe to the show and put yourself on the path to financial success by visiting shermanwealth.com. Brad: Good afternoon. And welcome to a really special edition of Launch Financial Tax Edition. We had the President yesterday unveiling tax proposals as part of the legislation around infrastructure bill. Got our special CPA guest to help unpack a lot of these changes, things to think about and things to do. We are joined by Shawn Donovan, CPA and partner at Turner, Leins & Gold. Shawn, how you doing this morning? Shawn: Great. How are you doing,, Brad? Brad: Good. Good. So you have climbed out of a cave during tax season. As everyone knows, we have seen tax season extended till at least May 17th on the federal level. Depending on where you live, the state level might be even further along. So we really appreciate you taking the time. I know you're really swamped with tax and to remind everyone, of course, that you have until that time to contribute to your traditional and Roth IRAs from 2020. So thank you for taking a small break out of your busy day. Wanted to unpack some of this tax proposal with you. If you could go through some of the highlights that you're seeing and some of the changes that folks should be thinking about. Shawn: Well, obviously, President Biden's been very steadfast in saying people who make over $400,000 are most likely going to be getting a tax increase. When he was running for President, he had his tax plan basically on his website. So far, it's pretty much he's following it to a T. I would expect the top rate to go back up to 39.6 from where it is currently at 37%. He's talked about increasing capital gains for people who make over a million dollars up to the 39.6% rate with an additional 3.8% net investment income tax. Meaning if you lived in New York City or California, you're all in capital gains tax rates could be upwards of 58%. It's pretty high compared to where it is currently. Brad: But why would you want to live there anyway? But yes, I know, we have a lot of friends of the firm that that live in New York and California, of course, so exactly right. A million dollars going to be hit. I've seen anywhere from that 53.6 to 58% in the higher tax states. Shawn: Sure. Yeah. Brad: So, go on, what are the other changes that you're seeing? Shawn: The other one was the 1031 exchange. Here at Turner, Leins & Gold, we deal with a lot of real estate clients that utilize this 1031 exchange. One way people have been doing it, let's say you're an older taxpayer and you have a house that you're sitting on. Once you sell it, it's going to generate a big gain. You don't want to pay the tax on that gain right now. So what you're going to do is you're going to sell your house, identify a property within 45 days and close within 180 days, which is a 1031 exchange rules. Then you're going to buy a new property. What happens is instead of paying that gain, you're going to get a reduced basis on your new property. So then what happens now is, let's say you die and you pass it on to your heirs, your heirs receive this stepped up basis, basically up to where it wasn't fair market value at the date of your death. You basically avoided paying tax on that gain altogether, passed it onto your heirs and now they have. Shawn: He's looking to eliminate what's going on with that, things like that. The 1031 exchange is not just used by people for that reason, though. There are a lot of people in real estate using it too, because they're continuing buying and fixing up properties and selling them for gains. They continue to utilize this 1031 exchange rule. It's helped them, to be honest with you. Eliminating it, that can cause some issues in the real estate market, potentially less buying, less inventory, less purchases. That's just a guess as to what might happen, but we don't know. Brad: Let's stick with the real estate market. Of course, the 1031 exchange will create even less transactions, I guess, but we should go back to this step up in basis and explain what that is. Basically, if you have accumulated gains at the time of your death, your heirs step up the basis, meaning that at the date of your death that becomes the basis of the stock or any asset. Eliminating that, which in the Biden proposal we've been reading, a million dollars for a single couple or sorry, single person, 2.5 million for a couple, would have a dramatic impact on estate and tax planning. You want to speak about that a little bit? Shawn: Oh, that would absolutely have a dramatic impact. It's not just the loss of that step up to fair market value. If your parents or grandparents have been holding onto this Apple stock or Google stock for a long time at this real low cost basis, we have actually clients that do that and they're looking to pass it onto their heirs at the stepped up value, that's going to really hurt. They actually know what their cost basis is, but there's a lot taxpayers out there who bought stocks and real estate so long ago that the records just don't even really exist for them anymore. Trying to go back to that original purchase price for some of these assets, that it's just really easy if someone died. You step it up to what it was at the date of death. But if you have to go back to the '70s, early '80s to buying some of these, it's going to be tough and a difficult challenge to track what the purchase price is and whatnot. Shawn: That's not even the hard part. The hard part is going to be the tax bill once the heirs receive it and actually end up selling it, they're going to get hit with a tax bill at that point. It would definitely impact more than just wealthy Americans. It would impact a lot of people, for sure. Brad: Right. What we're seeing, we had Elizabeth Goldstein from the Jewish Federation of Greater Washington speak about donor advised funds. I think that we're going to see a lot more of that as it relates to tax sheltering. Some of these were very charitable at the firm, of course. So looking for other clients who are looking for strategies to shelter this potential loss of a step up in basis, donor advised funds, direct-to-charity transfers. What else are you seeing and some strategies that folks can look at to donate stock without it being subject to excess tax? Shawn: Donor advised funds is a great one. The required minimum distribution for 2020 was waived. So far in 2021 it hasn't been waived. So we're going to go ahead and assume that you're going to need to take it for 2021, with the caveat of rules have been changing mid year a lot lately, in the last couple of years. You always want to have that little bit of a caveat. But as of right now, we have to take the RMD for 2021. An easy way, if you're donating to a charity every year, is to do a qualified charitable distribution. Basically, what happens is your IRA sends a check directly to the charity organization that you choose. It comes right off the top of your income. You don't pay any tax on it. And you've satisfied your required minimum distribution for that year. Shawn: It's a very good tool that a lot of savvy tax payers use with the help of their CPAs and financial advisors. It's a very good tool to use. It's going to come back for 2021, not that everyone has that requirement again. Brad: I'd say that the only way that we're not getting requirement minimum distributions for 2021 is if we have a third wave of COVID. God forbid that that happens. I don't think that we'll have a repeat of the CARES Act or any of these. For those retirees out there, be planning on taking the requirement minimum distribution. Great tip on the QCD. There is also potential legislation of raising the requirement minimum distribution age to 75. We'll be following that along, as well. For those of you who are between 72 and 75, who just started the requirement minimum distribution and might not have had to have it last year. We also did a lot of great tax planning last year as it relates to Roth conversions, which would be huge for 2021, especially if there is an increase in tax rates, even at a 2 to 3% level, depending on each bracket. Major savings there. You want to speak about a Roth conversion and how that might be beneficial to retiree clients in filling up those tax bracket buckets? Shawn: Absolutely. The key with Roth conversions is people who like them, they say, "The tax rates will never be lower than what they are right now." That is going to be very true when you listen to President Biden's tax proposals. You can see it. It's coming. And it's coming soon, the tax increases. It's definitely going to be something you're going to want to utilize. You want to pay attention to see when these tax increases are going to come into effect. Will it be 2021 or 2022? If it's going to be 2022, you definitely want to try to do as much of a Roth conversion as you can afford to do for 2021. It's definitely going to be a tool you want to utilize this year. Shawn: It was a good tool to utilize in 2020, because you didn't have that RMD requirement. We had a lot of clients who were doing the Roth conversion, basically, in place of their RMD and keeping themselves in the same tax bracket. But then they're also lowering their future requirement minimum distribution, paying tax on the dollars now at a low rate so that when they're able to, they can pull it out at tax free, basically. Brad: Great, great, great advice. Shifting gears to the younger generations, hopefully some of these podcasts listeners are going to be lower in age than 72, because a lot of young clients that are going to be listening to this are going to be also looking for tax strategies. The advent of the Roth within the 401k, I think is something that we're really been seeing a lot of as plan sponsors are adopting the Roth piece. A lot of their highly-compensated employees, as we know, don't have an opportunity to do a Roth IRA, given the income limits there. Seeing Roth 401k is huge. You want to speak about that as it relates to a tax hedge? Shawn: Roth 401ks are a great tool, obviously. Some people still do Roth conversions or backdoor Roths is what they're called. But the one downside of a Roth is you're contributing with after-tax dollars. The upside is it's tax free down the line. Right now, we know that we're paying at this low rate, this 37% top bracket, or if you're younger, you're in the 24, 22%. Biden has said he's not planning on raising middle class taxes. We don't know that to be a fact. He's saying that $400,000 mark. If you're living in New York City, $400,000, you're probably not super wealthy with 400,000. Shawn: If you're living in the DMV, like we do, it's an expensive area to live. $400,000 doesn't go as far in these areas as it does in other areas of the country. It's definitely something you want to pay attention to if you're a younger taxpayer on the rise, making more money, you want to take advantage of many of these Roth ideas as you can. Brad: Right and then even if you're just starting your career. We had a seminar yesterday with the corporation with a lot of young staff, educating them on tax arbitrage and making sure that they're understanding the Roth 401k. I know that we've had conversations even before this tax plan. You like to take the deduction sometimes, right now in times zero, but I'd rather figure out what the future tax rates might be. And especially with these on the table, 2021 could be the last year, as you said, to take advantage of generationally low tax rates. Shawn: It really is. It does really feel like we're on the cusp of it being really the lowest rate we'll see the rest of our lives. Who knows? I remember in 2002, 3, 4, when I first started out, they were saying, "These are the lowest rates." And then they actually did go lower in 2017. But I highly doubt they're going to be any lower than this for a long time, especially with all the stimulus and everything like that with the pandemic, all the money being spent. Revenue is going to have to go up somehow. I can't imagine the tax rates are going to be any lower than they are now for a little bit of time, but I don't have the crystal ball to see that in the future. Shawn: As far as what you were saying with whether to take a tax break now versus in the future, it's just up to the taxpayer's appetite for that. You just have to basically explain to them the pros and cons of each, whether it be taking a set contribution, which you could get a deduction for this year or doing a Roth conversion, which is a future benefit thing. If you explain it to them, let them know what they're going to owe, what the savings will be, if you basically explain to them the different scenarios, it usually works out well for them. Brad: Right, right. Everything, as we talked about in financial planning, tax planning and all aspects of it, is definitely an individualized decision and making sure that you have all the facts, which is why we're getting you out of the tax season taking a small break to look at future taxes. I hope for your sake, as you said, everything changes. I hope that they're not going to make this retroactive to whenever the bill is going to, because that will make your 2021 tax season miserable. I know you have a lot going on with Maryland and S corps and other things. What advice can you give, as we have a lot of also some small business owners, what are you seeing as it relates to either the change in tax proposals or just any good tax tips for small business owners to be thinking about as you've seen a bunch of returns this year? Shawn: Well, here are the state of Maryland they have adopted, as you know, the new entity level tax. If you're a small business owner, S corp or partnerships, you have to actually be a pass through. If you're a Schedule C, you unfortunately can't take advantage of it. But what it is, is you're basically paying your state tax at your company level and getting a deduction for it. Only seven states adopted it for 2020. Maryland was one of them. I'm assuming for 2021, all the states will adopt it. I haven't heard anything about that yet, but I would assume they would. This is something you want to look into, see how your state's handling it. It actually is saving some business owners that I work with, tons of money by doing it this way. The reason you're saving it is because when the tax cuts and Job Act of 2017 was passed, they limited your state and local income tax deduction to $10,000. Shawn: This is a workaround to pay your state taxes at your entity level, so you have no limit, essentially. You're paying it at that level. You're getting a deduction for it. If you overpay, you get the refund on your state return. You're basically paying your state taxes at your business level. It's worked out to save thousands of dollars for some business owners in this area by doing it that way, that are in Maryland. Unfortunately, for our Virginia clients, you couldn't take advantage of it this year. DC clients, same thing. We're hoping for 2021 that those states adopt the IRS ruling for 2021 and those taxpayers can take advantage of it for this year. Brad: Great, great. So a lot of good tips there. The good SALT debate, we'll see. That impacted Maryland taxpayers a lot and some of our New York clients. And some of these higher tax states, as you're mentioning. We'll see if that changes at all. A lot of debate as to whether that's good, bad or ugly. Shawn: [crosstalk 00:17:14] last night. I didn't hear anything about it in President Biden's speech. From what I've heard, he's not really interested in getting rid of that $10,000 ceiling. We'll have to wait and see on that. Brad: Well, as we know, this is just a potential legislation, a idea, as you mentioned. I don't know. People are surprised to see it. The market had a crazy reaction for about an hour as they digested it. But I think you brought up a really good point that this has been on President Biden's website ever since the campaign trail. This is his proposal. We have a lot of folks within Congress who are going to have something to say about it, whether that's SALT, whether that's California, New York, any of these different ideas. We're going to be following this along and hopefully, Shawn, have you on as this progresses through and becomes a little bit more real. But we have a lot of folks, as I'm sure you do, calling, asking what the deal is, what should we be doing and really wanted to have you on to talk about this. Brad: So really appreciate your time again. Again, check out the blog. We're going to release this as a blog and a podcast. Mostly going to, as of now, just affect folks making a million dollars a year or more. But a lot to unpack, especially as it relates to charitable giving, step up in basis, potentially, 1030 exchanges. Financial planning and tax planning could be turned on its head. As you know, Shawn, never dull moment in our business. As Hyman Roth says, "This is the business that we chose." So this is what we have. And really, thank you for listening. Thank you for coming on, Shawn. I know you're so busy. Shawn: I appreciate you having me, Brad. It's good seeing you. Brad: Good to see you. It's been 15 months. The audience doesn't know that we're actually seeing each other, but audio only. But it was good to see you. Really appreciate your expertise. It was invaluable, especially at a time like this, where people are so confused as to what to do next and looking for guidance from the experts. Thanks for coming on and sharing your words of wisdom. We'd love to have you on as this becomes more real. Have a great day, everybody. We'll talk to you soon. Shawn: All right, take care, Brad. Announcer: All opinions expressed by the hosts and their guests are strictly their own and do not reflect the opinion of Sherman Wealth Management. Clients of Sherman Wealth Management may maintain securities discussed on the podcast. Sherman Wealth Management LLC is a Registered Investment Advisor. Advisory services are only offered to clients or prospective clients where Sherman Wealth and its representatives are properly licensed or exempt from licensure. For additional information, please visit our website at www.shermanwealth.com.  

Film Score Mixer, Producer and Engineer Noah Snyder joins the conversation. Some of what was discussed: - What does it mean to be an ethical leader? - Do your collaborators really know you? If not why not? - How authentic is your social media presence? ..... http://www.convos.at Produced and Mixed by Dylan Seals http://www.hdaudiopost.com "Conversations Theme" Performed by Hazelrigg Brothers Composed by “Spider” Ron Entwistle, Geoff Hazelrigg, George Hazelrigg Piano: George Hazelrigg Bass: Geoff Hazelrigg Drums: John O’Reilly Jr. Mixed by Jon Castelli

Riley Adams is here to talk about financial independence and taxes. After all, we are nearing that time of year again. We all know that taxes are something that need to be planned for in advance instead of waiting until it’s time to file. Riley has a master’s degree in applied economics, he is a CPA, and he works at Google. He also runs the website Young and the Invested. This is a place for young professionals to learn about financial independence and entrepreneurship. Riley and his wife live in the Bay Area. She is a doctor and they have a six-month-old son. Riley’s dream is financial freedom for him and his family, so he can work at whatever he wants to work at and not be dependent on a certain employer to make ends meet. We talk about saving, investing, paying yourself first, and the new tax laws. We tackle depreciation, tax savings, and why it’s not a good idea to invest solely based on tax savings. Riley’s enthusiasm for smart wealth building is contagious and this is a fun and informative episode.    Highlights from This Episode  [00:58] Riley is from New Orleans. He has a master's degree in applied economics. [01:47] After graduating, he got a job at the power company in New Orleans. He dealt with financial planning, strategy, and renewable energy policies. [02:04] He worked there for six years. He learned all about your renewable energy, and he even met his wife there. [02:20] His wife graduated from medical school, and now they live in the San Francisco Bay Area. [02:37] Riley now works at Google. His project is to streamline the advertising programs. He and his wife also have a six-month-old baby. [03:42] At the end of 2017, the Tax Cuts and Job Act was passed. [04:08] It's geared toward benefiting corporations by making the tax rate 21% as opposed to 35%. [07:26] Depreciation is when you make a large capital investment, and you can't expense it in the same time that you purchase the asset. You recognize a proportional expense over a period of time. [08:48] Depreciation with rental properties is very common. The depreciation can make a rental property income a loss and lower your taxes. [11:37] You can depreciate the improvements versus the land value. [12:12] The standard deduction was dramatically increased. The idea was to create less work without having to itemize deductions. [16:06] State taxes do things a little bit differently. Each state is different. Navigating multiple states is complex.  [23:35] There can be a huge amount of tax savings if you derive most of your income from qualified passive income. [24:42] Saving on taxes shouldn't drive your decisions for investing. [26:18] Riley is hoping that through wise financial decisions and investing, he will be able to free himself up from employers and have the freedom to do any job that he wants.  [26:56] Millennials want to follow their passion and be able to do what they want to do. [27:38] Riley recommends that millennials pursue financial independence. [29:03] The FIRE movement is about being able to retire early. The Fat FIRE movement is about being able to retire early without scrimping and saving and living such a frugal life. [31:30] Riley and his wife have savings goals. They look at their income and make a savings target. Whatever is left is to spent and enjoyed.  [33:15] They have different IRAs and some shared accounts and a home savings account.  [34:32] Multiple accounts make you liable for multiple capital gains at tax time. [35:15] Young and the Invested is Riley's financial website. His target audience is his wife. [37:01] The site explores ideas on reaching financial independence for young professionals. [38:54] There was an article about him from NerdWallet that was syndicated in the New York Times. [39:19] Sacrifice frivolous purchases to create financial independence.    Links and Resources   Young and the Invested riley@youngandtheinvested.com Mint Tiller Financial Samurai Time Your Credit Card Application This Bonus-Friendly Season Young and the Invested on Twitter Young and the Invested on Facebook

Shannon Saccocia, Chief Investment Officer, sits down with our man in Washington, Doug Fisher, for a lively conversation on how the 2020 election might impact market and economic activity. They cover: - How the markets are reacting to the various election outcomes - Impact of a potential Tax Cuts and Job Act roll back - What should investors take into consideration, and where there may be opportunity

What you need to know regarding income tax charitable deductions for individuals following the 2017 Tax Cuts and Job Act from an estate planning expert. The American College of Trust and Estate Counsel, ACTEC, is a professional society of peer-elected trust and estate lawyers in the United States and around the globe. This series offers professionals best practice advice, insights, and commentary on subjects that affect the profession and clients. Learn more in this podcast.

In this episode of Inside the Plan with the 401(k) Brothers, Bill Bush and Andy Bush, advisors at Horizon Financial Group, provide us with insight into what a 401(k) plan hardship withdrawal is, what the rules and restrictions involved in hardship withdrawals are, and how law changes have affected the regulations of hardship distributions.   Show Notes:   0:30--- Are hardship withdrawals an optional feature in a 401(k) plan 0:48--- What is a hardship withdrawal 2:44--- What are the costs involved in hardship withdrawals 3:25--- What are some of the regulations of a hardship loan 4:33--- How does the Tax Cut and Job Act effect hardship withdrawals 6:11--- You used to not be able to defer or contribute to your 401(k) plan for 6 months 7:33--- How can you avoid the 10% penalty fee for hardship withdrawals     3 Key Points: The reasons you can take a hardship withdrawal: medical expenses, purchase of your principal residence, to prevent eviction, post-secondary education, funeral expenses, and to repair home damage. There is a 10% withdrawal fee for hardship withdrawals if you aren’t at least 59 1/2 years old. Hardship withdrawals don’t need to be paid back.   Tweetable Quotes: -       “Hardship withdrawals aren’t free. There is a cost involved in that, and that would be…they are taxable.” – Bill Bush. -       “The hardship withdrawal cannot exceed the amount of the need.” – Andy Bush. -       “Most people are going to look for other measures first, I would think, before they tap into their retirement savings.” – Andy Bush.     Resources Mentioned:   Inside The Plan with the 401(k) Brothers-- Discover more about the Podcast Horizon Financial Group   Contact Information:     bbush@horizonfg.com Abush@horizonfg.com  

Visit us at divorceandyourmoney.com for the #1 divorce resources in the USA and get personalized help. Learn about coaching services here. Thank you for listening! Find a transcript of this episode below. In this episode, we're talking about a major tax change to alimony coming in December. And I wanna go through what's happening, what you need to know, and how you need to plan for it. And why this could apply to your divorce if you are thinking about getting divorced this year. So at the end of 2017, the Tax Cuts and Job Act passed. This was right at the very end of last year. And there were a lot of different tax changes that occurred to many people. This was one of the biggest tax bills that passed. But, there was a small provision in there that affects alimony. And this small provision can affect many of you in a big way. And so what happens is that certain tax benefits in divorce are being eliminated effective December 31st, 2018. And this is the biggest change in alimony in about 75 years or so. And many people have forgotten about it.   As it is today ... Or actually, I'm gonna tell you what's happening. What is going to happen is from a tax perspective, alimony is going to be treated exactly the same way that child support is. What does that mean? It means a person who pays alimony will not get any tax benefits for paying alimony. And the person who receives alimony will not have to claim that alimony as income starting next year. Now, that is what happens on January 1 of 2019. What happens today? Well, if you get divorced during 2018, there are some important things that happen from a tax perspective. If you are the person paying alimony, and I know many of my listeners are the ones who are going to be paying, then you get to deduct that money from your taxes each year. So, if your income ... And I'm gonna give you an example in just a moment. And conversely, if you are the person receiving alimony, you have to when you file your taxes each year say, "I've got X amount in alimony." And you have to pay taxes on that amount just like it is income.   Now, here's why this is a big deal. And I wish more people were talking about this. The big effect of this is that there is less incentive for someone to pay alimony. And I'm going to give you some examples so we can work with some easy to understand numbers. Let's say someone is going to be paying $10,000 or a little under $10,000 a month. But, we're gonna say $100,000 a year in alimony over a 12 month period. So over one year, they're going to be paying over $8,000 and some a month in alimony. I'm using $100,000 total just to make the numbers very simple. So, someone's paying $100,000 in alimony. That means that person can deduct from their taxes $100,000 in income. Which means they have a substantial tax savings on their income each year. 'Cause they don't have to pay taxes on $100,000 of their income. It's a simplified explanation. And the reason that's beneficial for them is when they are in a divorce situation, that gives them an incentive to pay some of that alimony instead of purpose structuring a settlement in a different way.   But, here's what happens starting January 1 of 2019. That same person who was paying $100,000 in alimony will not get that tax benefit anymore. And so, if they were going to think about what their divorce settlement looks like, that person does not get any tax benefit for paying that $100,000 a year. And now this is only if ... And I should bring up a very important caveat. It depends on when your divorce decree is signed. If you sign your divorce decree this year, then you will still get the tax benefits if you are the person paying alimony.   And if you sign the divorce decree starting January 1 of 2019 or anytime beyond that is when the law changes. And the tax rules change. And so that same person who was paying $100,000, or who was willing to pay $100,000 a year in alimony, may no longer be willing to make that same commitment. Because they don't get any tax benefits for paying that alimony amount. Now, it could be depending upon who's listening. Some of you, we could be talking about $10,000 a year. Others of you, we could be talking about $100,000 a year or a million dollars a year. I have a wide range of listeners in terms of the incomes that you all have. But, regardless of your income, it will affect most of you in one way or another.   Now, here's the reason this is extra important. So, basically what happens is the person who would be paying alimony will at least try to pay less alimony in the future. The reason that's unfortunate is according to the census, 97 percent of the people receiving alimony are women. And so, that will disproportionately affect many of the people listening who are facing or who would in theory be getting alimony. Now, it doesn't mean you should panic. It doesn't mean that you're screwed, or you should get upset and worry, or whatever else. There are many ways around this issue and ways to still get to a good position. And I'll get into some of those. But, you should be aware that things are changing. And things are changing in a big way. And you need to be cognizant of the change.   And one of the things that's very important about this is timing. And this is why we're putting this episode now in August. Because there's only a few months left in the year. And so, if you are facing divorce and you're in a place where ... Maybe you're in the middle of divorce. Or you're in a position where you think you can get this wrapped up before the end of the year. Then this is something that you should consider, because it can help with the negotiating process. If you're already in the middle of the process, great. Now, if you haven't filed for divorce yet ... I'm never one to even endorse divorce, but this is one of those times where you need to decide and think hard. Is now the time to file divorce and get this process going? Because I think I may be better off given what's happening with the alimony rules.   And I'm gonna look at this from both side's perspective in a little bit greater detail so you really understand the consequences and what we're getting to. And the reason when you hear this episode this is particularly important is we're in August as I record this. Some of you maybe listening to this later down the line. But, many states have some version of a cooling off period when it comes to divorce. And what that means is is from the moment you file divorce to the soonest your divorce can be over, depending upon where you live, can be two or three months in some cases. Because that's what the state requires. So, some states will say, "All right. Well even if you agree to 100 percent of the issues in your divorce, it'll take you 90 days before we'll sign off on a divorce. Because that's what the law says." Or some states, it might be 60 days. Or other states, it may be 30 days. I actually have a blog post if you type in quickie divorce. There's only a handful of states where it actually can happen reasonably fast.   But, given that we're in August, some of you August, September, will be the last chance you have if you are in the position to take advantage of these issues. Now, if your divorce process is already commencing. Some of you, it's been going on for many months. Some of you many years. Well, you're actually okay. The real goal would be in your perspective, in most cases, will be to wrap it up before the end of the year to benefit from these ... before the tax law changes. And why all of a sudden this big tax change? Why did this happen? Well, the simple answer is actually a lot of people were cheating on their taxes. Not saying a lot of you were. But, what happened was there was a multi billion dollar gap every year according to the IRS records of people who were paying for divorce ... Or I'm sorry. So, there was a multi billion dollar gap. So, billions of dollars people were reporting that they were paying in alimony. But, a lot of people weren't saying they were receiving alimony. And therefore, could hide or not have to pay taxes on that money. So the IRS said, as part of the tax bill, that we're gonna change the law. And so, no one's going to get a tax break. And therefore, no one can cheat on alimony.   And so, what I wanna do in this episode .... It's gonna be a little bit longer than the normal ones. But, I wanna go through the scenarios depending upon who you are. And just some things to think about. All of this is complicated. It just is. And it depends on your individual circumstances which decision is best for you. There's no universal right or wrong. Ultimately you should be consulting with maybe an accountant, maybe your attorney, maybe with me. And we can think through what makes the most sense for you if you have these options on the table.   So, I'm gonna start with the person who is paying alimony. If you were the person paying alimony, or will be paying alimony as part of the divorce process, or spousal support or maintenance. It just depending on what state you live in what they call it. It is in your best interest from a tax perspective to wrap up the divorce before the end of the year. Because every dollar you pay in alimony for now and forever in the future, barring some sort of major unexpected tax change, you get a tax benefit for paying alimony. Simple as that. You'll pay less in taxes at the end of each year if you pay alimony. I'll give you a very simple example. If you're paying $1,000 a month in alimony, you get at the end of the year $12,000 deduction in your taxes. Now, if you don't finalize your divorce until sometime in 2019 or beyond, you no longer get that benefit. So for most of the people who are paying alimony, this might be a good reason to start that process.   Now, if you're the person receiving alimony, or will be receiving alimony. I know that one of my most popular videos with many, many thousands of views is on stay-at-home moms and divorce advice for stay-at-home moms. Which is one of the most common populations that I work with and people I get to help. And now some of you, I know from talk to you, might be panicked at this point. But as I said before, don't panic. The situation's actually more complicated if you're the person receiving alimony. I'm going to go through a few scenarios. A few things and notes for you to think about.   Now, if you're negotiating ... Let's just give you an example. Let's say you're negotiating or thinking about getting about $2,000 a month in spousal support as part of the divorce settlement. And you think you're gonna get this down in 2018. But for whatever reason, your divorce isn't finalized this year. And you're gonna be looking at 2019. Well actually if you still get $2,000 a month in 2019, you're in a better position. Because you don't have to pay income tax on that $2,000 a month you would have received. You're better off than you were before. If you get that same amount in pure dollar terms. Hope that makes sense. So, if you get divorced in 2018 and you get $2,000 a month, what happens is you're gonna be paying on income tax on what's going to be $24,000 a year. But, if you were in theory to get the same $2,000 next year in 2019 or beyond, you don't have to pay income tax on that. And therefore, you get to keep all of it. That's a plus.   But, there's a downside. Let's say if you were thinking about or you were probably gonna get $2,000 a month in spousal support this year. Well if your spouse is savvy or your spouse has a decent attorney, they'll say, "Well, hey. I don't get that tax break anymore for it. And you're actually gonna get less. So, we're gonna make some adjustments in terms of what we pay. And maybe we're only going to pay you $1,500 a month instead of $2,000 a month." That could be substantial. Or whatever the equivalent is for them. But, that is something that will certainly happen in the divorce scenario for some people who understand the way that this calculation works.   Now as I always said, there is a way around it. There are always clever ways to structure your divorce settlement. And I speak with you almost everyday about certain avenues you might not have thought about. But, one of them is a lump sum distribution. I've talked about this on the podcast before. If you haven't gotten the archives, you should definitely check that out. There is the ability to get as much money up front. And therefore, you won't have the tax consequences at all. Or they'll be substantially reduced. And you can ultimately, now it's a tricky calculation, but you can ultimately get to the same place you would've gotten all at once instead of doing it over months and over years. Now, you have to go back and listen to the lump sum distribution podcast episode, which is in the store, to understand all the mechanics of that. But is a very good solution, one of several, that could work for you.   So tax law or not, depending on your situation, you could still end up in the exact same place you would have if you structure things the right way. Ultimately, this is a complicated issue. I just wanna bring it up and make you aware of it. There's state laws you have to deal with. There's tax laws you're gonna have to deal with. There's just the divorce process you're gonna have to deal with. Certain states are considering different measures to counteract these changes.   And ultimately, if I were to say anything, you need to bring these up with your attorney. Bring these up with me. Bring these up with your accountant. If you don't have an accountant, this would be a good time to pay for a one off consultation with an accountant. It's interesting. Definitely bring it up with whoever you are working with. I know some very expensive and otherwise very good attorneys who have not said a word about this. Or who were less informed. Or have not brought it up with their clients. It's not because they are bad attorneys. They just have other things going on. One of the things you need to do is bring it up and take charge yourself.   I also know some great attorneys who have called all their clients and are saying, "Hey, here's what we're doing. Here's what we're thinking about. Here's the tax law change. Here's how it could affect you. Here's how I recommend we proceed to either get this done or delay it." It really just depends on your individual case. But, one way or another if you have not had this conversation with your attorney, I strongly suggest that you have it. And also, feel free to reach out to me. Book a coaching call and we can walk through your scenario in a half hour or so. And get the important details with you.   Just some last messages. I wanna reiterate multiple times during this episode, is it's not the end of the world if you don't wrap things up this year. And for some of you, it's just not going to be feasible to wrap up your divorce this year. You might not have started in the process. Maybe you're still gathering information. Or any number. It's not right for your family, or for your life, or for any number of things. And you're still doing your research. It's okay. You will come out through the other side. I'll still be here next year. And we'll still be coming up with good solutions to help you. And interesting and useful information. But, if you think there's a benefit for you and your scenario to get things done this year, this is a ... We're kind of at crunch time. And this is a good time to really start getting the ball rolling. And making the important solutions and decisions that you need to be making. So, you end up in the best place possible for the long term.

Kingsley Charles joins me today to talk about the tax changes of 2017 and what that means for real estate professionals. There have been some major changes to the code and Kingsley tells us what we can expect for this upcoming tax season. Kingsley is a member of the Collective Genius Mastermind group and is a partner and business consultant and planner for the Ascentia Group. I have worked with him for years and he is really well versed in the tax code and really understands the impact changes to the code do to small businesses. We discuss deductions, the stock market outlook, and Kingsley's general advice to all investors, not just real estate investors. MINUTE MARKERS 00:00 — Introduction to the Big Mike Fund Podcast. 00:23 — Welcome Kingsley Charles to the podcast. 01:07 — What the tax cuts mean for real estate professionals. 02:50 — The industries that aren't benefited by the tax cuts. 03:50 — What has been removed from the tax code. 05:15 — What has been added to the code. 06:18 — Nothing is permanent in the tax code. 08:28 — What is currently deductible in this new tax code. 12:10 — The trade-offs when the tax code is changed. 14:55 — Kingsley's strategy for tax planning. 18:05 — The current economic state of the stock market. 19:03 — How to reduce market risk. 19:50 — The pitfalls of the stock market and what to be mindful of. 20:45 — Why you need to self-direct your investments whenever possible. 21:35 — Kingsley's advice to real estate investors. 22:00 — Why the “shotgun” approach isn't a good idea. 24:20 — Kingsley's book recommendation. 25:35 — Kingsley's contact information. 26:24 — Thank you to Kingsley for joining the podcast. 26:34 — Outro to the Big Mike Fund Podcast. RESOURCES The Wealthy CEO #KnowtheCode

Het fiscale landschap staat niet stil. In Amerika heeft president Trump een hervorming van het Amerikaanse belastingstelsel doorgevoerd en Europa heeft ook plannen om het belastingstelsel grondig te herzien. Wat zijn de fiscale trends voor US internationals? Jian-Cheng Ku (advocaat en belanstingadviseur bij DLA Piper) praat ons bij.  Wat houdt de hervorming van het belastingstelsel in de US precies in? Jian-Cheng Ku legt het uit: ‘Het is een grote ontwikkeling voor belastingadviseurs. Het is sinds 1986 de grootste tax reform in de US is en is genoemd ‘Tax Cuts and Job Act’. De wet bewerkstelligt een belastingverlaging voor individuen en bedrijven. Tegelijkertijd is het ook bedoeld als stimulans om werkgelegenheid terug te halen naar de US. Dat zijn de letterlijke woorden van Trump. (…) Het is een groot land en veranderingen in de wetgeving brengen een bepaalde onzekerheid tot stand. Dat hebben we afgelopen half jaar gezien. Het was al duidelijk dat er hervormingen werden doorgevoerd en dan zie je dat bedrijven stil gaan zitten qua investeringen.’ Multinationals in de US Wat merken multinationals in de US van deze wetswijziging? Jian-Cheng Ku: ‘Een belangrijke verandering binnen de Tax Reform is dat het Federal Tax Rate - de vennootschapsbelasting in Nederland – van 35 procent naar 21 procent is gegaan. Relatief gezien was dat hoog als je het vergelijkt met andere landen. Trump heeft die hoge belastingen willen aanpakken door een Tax Cut te geven aan die multinationals. Dat is goed nieuws, maar het moet ook worden gefinancierd. (…) Het is een ontwikkeling die past binnen de wereldwijde trend van gebeurtenissen binnen de tax-ontwikkelingen. Veel landen proberen te concurreren – onder meer – door het fiscale klimaat. Je hoort gemende geluiden over deze ontwikkelingen.’ Europa beweegt mee Tegelijkertijd lezen we over de ontwikkelingen om het belastingstelsel voor multinationals in heel Europa rigoureus te hervormen. Is dat een reactie op Amerika? ‘Die gesprekken gaan al meer dan tien jaar terug. Toen werd er ook al gesproken met de Europese Commissie en het Europees Parlement om een grotere belastinghervorming te laten plaatsvinden. Er worden gesprekken gevoerd om te kijken of we een belastingstelsel moeten invoeren voor heel Europa. Dat staat zeker op de agenda.’   Race to the bottom Landen zijn verwikkeld in een onderlinge strijd, Jian-Cheng Ku noemt het een “race tot he bottom”. ‘Landen proberen een lager VPB-tarief aan te bieden om op die manier fiscaal aantrekkelijk te zijn voor multinationals. Als de Verenigde Staten zich daar ook in mengt, kan het op langere termijn schadelijk zijn voor de economie.’ (…) ‘Nederland moet meebewegen, dus zij moeten meegaan in de internationale trends die zich afspelen in de tax-wereld. Je ziet dat er meer en meer focus is op een reële economie. Wij willen als land een goed fiscus-klimaat aanbieden.’ In kritische artikelen lees je over 'Nederland als belastingparadijs'. 'Nederland heeft een normaal vennootschapsbelasting-tarief en we hebben een goede belastingdienst met hoog opgeleide mensen die de belastingpositie van multinationals controleert.' (...) 'De case Starbucks is lastig. Er zijn zaken die wellicht spannender zijn en in deze zaak wordt bevestigd dat het Nederlandse ruling-proces gedegen en sterk is.' Wat zijn trends in de fiscale wereld? In dit boeiende gesprek geeft Jian-Cheng Ku inzicht in de belangrijkste ontwikkelingen op het gebied van tax reforms voor multinationals. 

Het fiscale landschap staat niet stil. In Amerika heeft president Trump een hervorming van het Amerikaanse belastingstelsel doorgevoerd en Europa heeft ook plannen om het belastingstelsel grondig te herzien. Wat zijn de fiscale trends voor US internationals? Jian-Cheng Ku (advocaat en belanstingadviseur bij DLA Piper) praat ons bij. Wat houdt de hervorming van het belastingstelsel in de US precies in? Jian-Cheng Ku legt het uit: ‘Het is een grote ontwikkeling voor belastingadviseurs. Het is sinds 1986 de grootste tax reform in de US is en is genoemd ‘Tax Cuts and Job Act'. De wet bewerkstelligt een belastingverlaging voor individuen en bedrijven. Tegelijkertijd is het ook bedoeld als stimulans om werkgelegenheid terug te halen naar de US. Dat zijn de letterlijke woorden van Trump. (…) Het is een groot land en veranderingen in de wetgeving brengen een bepaalde onzekerheid tot stand. Dat hebben we afgelopen half jaar gezien. Het was al duidelijk dat er hervormingen werden doorgevoerd en dan zie je dat bedrijven stil gaan zitten qua investeringen.'Multinationals in de USWat merken multinationals in de US van deze wetswijziging? Jian-Cheng Ku: ‘Een belangrijke verandering binnen de Tax Reform is dat het Federal Tax Rate - de vennootschapsbelasting in Nederland – van 35 procent naar 21 procent is gegaan. Relatief gezien was dat hoog als je het vergelijkt met andere landen. Trump heeft die hoge belastingen willen aanpakken door een Tax Cut te geven aan die multinationals. Dat is goed nieuws, maar het moet ook worden gefinancierd. (…) Het is een ontwikkeling die past binnen de wereldwijde trend van gebeurtenissen binnen de tax-ontwikkelingen. Veel landen proberen te concurreren – onder meer – door het fiscale klimaat. Je hoort gemende geluiden over deze ontwikkelingen.'Europa beweegt meeTegelijkertijd lezen we over de ontwikkelingen om het belastingstelsel voor multinationals in heel Europa rigoureus te hervormen. Is dat een reactie op Amerika? ‘Die gesprekken gaan al meer dan tien jaar terug. Toen werd er ook al gesproken met de Europese Commissie en het Europees Parlement om een grotere belastinghervorming te laten plaatsvinden. Er worden gesprekken gevoerd om te kijken of we een belastingstelsel moeten invoeren voor heel Europa. Dat staat zeker op de agenda.' Race to the bottomLanden zijn verwikkeld in een onderlinge strijd, Jian-Cheng Ku noemt het een “race tot he bottom”. ‘Landen proberen een lager VPB-tarief aan te bieden om op die manier fiscaal aantrekkelijk te zijn voor multinationals. Als de Verenigde Staten zich daar ook in mengt, kan het op langere termijn schadelijk zijn voor de economie.' (…) ‘Nederland moet meebewegen, dus zij moeten meegaan in de internationale trends die zich afspelen in de tax-wereld. Je ziet dat er meer en meer focus is op een reële economie. Wij willen als land een goed fiscus-klimaat aanbieden.'In kritische artikelen lees je over 'Nederland als belastingparadijs'. 'Nederland heeft een normaal vennootschapsbelasting-tarief en we hebben een goede belastingdienst met hoog opgeleide mensen die de belastingpositie van multinationals controleert.' (...) 'De case Starbucks is lastig. Er zijn zaken die wellicht spannender zijn en in deze zaak wordt bevestigd dat het Nederlandse ruling-proces gedegen en sterk is.'Wat zijn trends in de fiscale wereld? In dit boeiende gesprek geeft Jian-Cheng Ku inzicht in de belangrijkste ontwikkelingen op het gebied van tax reforms voor multinationals. 

Het fiscale landschap staat niet stil. In Amerika heeft president Trump een hervorming van het Amerikaanse belastingstelsel doorgevoerd en Europa heeft ook plannen om het belastingstelsel grondig te herzien. Wat zijn de fiscale trends voor US internationals? Jian-Cheng Ku (advocaat en belanstingadviseur bij DLA Piper) praat ons bij. Wat houdt de hervorming van het belastingstelsel in de US precies in? Jian-Cheng Ku legt het uit: ‘Het is een grote ontwikkeling voor belastingadviseurs. Het is sinds 1986 de grootste tax reform in de US is en is genoemd ‘Tax Cuts and Job Act’. De wet bewerkstelligt een belastingverlaging voor individuen en bedrijven. Tegelijkertijd is het ook bedoeld als stimulans om werkgelegenheid terug te halen naar de US. Dat zijn de letterlijke woorden van Trump. (…) Het is een groot land en veranderingen in de wetgeving brengen een bepaalde onzekerheid tot stand. Dat hebben we afgelopen half jaar gezien. Het was al duidelijk dat er hervormingen werden doorgevoerd en dan zie je dat bedrijven stil gaan zitten qua investeringen.’Multinationals in de USWat merken multinationals in de US van deze wetswijziging? Jian-Cheng Ku: ‘Een belangrijke verandering binnen de Tax Reform is dat het Federal Tax Rate - de vennootschapsbelasting in Nederland – van 35 procent naar 21 procent is gegaan. Relatief gezien was dat hoog als je het vergelijkt met andere landen. Trump heeft die hoge belastingen willen aanpakken door een Tax Cut te geven aan die multinationals. Dat is goed nieuws, maar het moet ook worden gefinancierd. (…) Het is een ontwikkeling die past binnen de wereldwijde trend van gebeurtenissen binnen de tax-ontwikkelingen. Veel landen proberen te concurreren – onder meer – door het fiscale klimaat. Je hoort gemende geluiden over deze ontwikkelingen.’Europa beweegt meeTegelijkertijd lezen we over de ontwikkelingen om het belastingstelsel voor multinationals in heel Europa rigoureus te hervormen. Is dat een reactie op Amerika? ‘Die gesprekken gaan al meer dan tien jaar terug. Toen werd er ook al gesproken met de Europese Commissie en het Europees Parlement om een grotere belastinghervorming te laten plaatsvinden. Er worden gesprekken gevoerd om te kijken of we een belastingstelsel moeten invoeren voor heel Europa. Dat staat zeker op de agenda.’ Race to the bottomLanden zijn verwikkeld in een onderlinge strijd, Jian-Cheng Ku noemt het een “race tot he bottom”. ‘Landen proberen een lager VPB-tarief aan te bieden om op die manier fiscaal aantrekkelijk te zijn voor multinationals. Als de Verenigde Staten zich daar ook in mengt, kan het op langere termijn schadelijk zijn voor de economie.’ (…) ‘Nederland moet meebewegen, dus zij moeten meegaan in de internationale trends die zich afspelen in de tax-wereld. Je ziet dat er meer en meer focus is op een reële economie. Wij willen als land een goed fiscus-klimaat aanbieden.’In kritische artikelen lees je over 'Nederland als belastingparadijs'. 'Nederland heeft een normaal vennootschapsbelasting-tarief en we hebben een goede belastingdienst met hoog opgeleide mensen die de belastingpositie van multinationals controleert.' (...) 'De case Starbucks is lastig. Er zijn zaken die wellicht spannender zijn en in deze zaak wordt bevestigd dat het Nederlandse ruling-proces gedegen en sterk is.'Wat zijn trends in de fiscale wereld? In dit boeiende gesprek geeft Jian-Cheng Ku inzicht in de belangrijkste ontwikkelingen op het gebied van tax reforms voor multinationals. 

At the end of 2017, President Trump approved the 2017 Tax cuts & Job Act (TCJA). The new law includes some of the largest tax changes since 1986 in an effort to simplify the tax code. What does this mean for you and your 2018 filings? This podcast covers the biggest changes and their impact to tax payers, how you should take advantage of the changes, and what you need to be thinking about now when it comes to deductions. Topics covered include: Changes to tax rates/withholding tables Changes to standard deductions/itemized deductions Changes to child tax credit Charitable giving strategies Changes to how you use 529 plans  Changes to deducting interest from home equity lines of credit Much more This podcast also includes the pdf 5 Most Common Questions About The Tax Cuts & Job Act

Colin Wright of Exile Lifestyle talks about the importance of your long-term career goals. This is Part 2 of 2. Episode 307: You Are Not Your Job: Act Like It - Part 2 by Colin Wright of Exile Lifestyle (Work Life Balance). Colin Wright is a professional author and international speaker who co-founded a publishing company and travels full-time, moving to a new country every four months or so--that country determined by the votes of his readers! He also blogs. Colin's a minimalist in that he owns very few things and is careful in how he consumes. He tends to buy less, but invest in quality when he does, and trends toward the same in relationships, business endeavors, and just about everything else. He's left-handed, blue-eyed, scary good at Tetris, and can’t cook. The original post is located here:  and  Just us in Philadelphia, PA from July 23-26, 2018 at Podcast Movement! Get a discount by using the code OBD at !

Colin Wright of Exile Lifestyle talks about the importance of your long-term career goals. This is Part 1 of 2. Episode 306: You Are Not Your Job: Act Like It - Part 1 by Colin Wright of Exile Lifestyle & The Let's Know Things Podcast (Increase Value). Colin Wright is a professional author and international speaker who co-founded a publishing company and travels full-time, moving to a new country every four months or so--that country determined by the votes of his readers! He also blogs. Colin's a minimalist in that he owns very few things and is careful in how he consumes. He tends to buy less, but invest in quality when he does, and trends toward the same in relationships, business endeavors, and just about everything else. He's left-handed, blue-eyed, scary good at Tetris, and can’t cook. The original post is located here:  and  This episode is proudly sponsored by DesignCrowd! Get $100 off your first design project with the coupon code OPTIMAL: 

Orietta Berti voterà per il M5S e dice che Renzi si fa le 'lampade', Alfonso Bonafede è sicuro che il M5S avrà i numeri per governare e Giovanni Toti dice che il 'Job Act' e la legge 'Fornero' sono da rivedere.....

Guests:  Shannon Dyson, Tommy Armstrong and Scott Jordan  Host: Jim Shoemaker

#186 Why paying taxes has very little to do with funding the federal government. We also explore the potential impact of the U.S. tax reform on households, businesses and the economy. More information, including show notes, can be found here.Episode Summary – Why Do We Pay Taxes?They say the only things certain in life are death and taxes. While that’s probably true it’s also likely that many people who have resigned themselves to paying taxes don’t truly understand why taxes are necessary. In this episode, David covers the issue extensively in light of the new Tax Cuts and Jobs Act the U.S. Congress has passed. If you take the time to listen you’ll not only understand the recent tax legislation better, you’ll also understand why you have to pay taxes in the first place, and what it does for the nation. Consider it a 30-minute lesson in economics and government spending that actually applies to your life.Comparing the U.S. tax system to other countries like Denmark makes you wonder why taxes have to be so complicatedOne of David’s friends lives in Denmark. In a recent conversation, this friend mentioned that it took him less than 10 minutes to prepare and file his taxes. Really? It’s true. But there are other things about the tax system in Denmark that might not be so attractive, like a 36% to 52% tax rate. When David started looking over his tax liability in light of the recently passed Tax Cuts and Job Act, the contrast between the two systems was obvious. After 45 minutes David couldn’t understand the implications of the legislation so he asked his tax accountant whether he’d get a tax cut or not. The answer? Maybe. It’s complicated. In this episode, David explains some of the basic principles behind how our economy and national budget work, including why taxes are necessary at all.One reason we pay taxes is to prevent inflation. Here’s how it works:When a government spends more than it takes in, it runs a deficit and then issues debt in order to balance its accounting books. If the federal government spends and spends and spends, the capacity of the private sector to produce goods and services is constrained and prices rise. That’s how inflation happens. Paying your taxes can help prevent inflation because it can keep federal government from overspending, particularly during a period when the economy is growing quickly. As the economy expands, households and business get more income, which means they have to pay more taxes, which keeps the federal budget deficit at a reasonable level.What will be the overall impact of the 2017 Tax Cuts and Jobs Act?It’s expected that the new tax legislation for 2017 is going to stimulate the economy by encouraging more production and creating incentives for more workers to join the workforce. Lower taxes mean more money for households and businesses to spend and invest. But it also means the government receives less tax revenue – which will cause the national debt to increase. Nobody knows exactly how much either of those things will grow, but David has some insights to share about the legislation’s impact, on this episode.The new tax code is expected to impact businesses in a positive wayThere are many arguments for why the new tax code passed in 2017 should benefit business. First off, corporate taxes were cut from 35% to 21%. That will make the U.S. more attractive for business to operate in. The next positive aspect for businesses is that the new legislation establishes what is called a territorial system where businesses will no longer be taxed on their overseas earnings. Previously, U.S. businesses were taxed on any earnings they made overseas if they brought those earnings back into the U.S., and businesses want to keep their tax bill as low as possible, so they kept that money overseas to the tune of $2.6 trillion dollars worth. Now they can bring that money back into the U.S. economy through a one-time repatriation tax of 15% for cash, and for other things like property, it’s 10%. David covers a handful of other benefits businesses should experience into the new tax code on this episode.In This Episode You’ll Learn[0:51] Residents of Denmark are able to prepare and file their taxes in 10 minutes – Wow![1:40] Are you going to get a tax cut from the recent legislation that was passed?[4:01] Foundational principles about why we pay taxes in the first place[8:44] Assessing the new tax laws after the fact: They were trying to simplify. But does it?[17:32] What impact is the new tax legislation going to have on the economy?[21:10] Corporate income taxes have changed from 35% to 21%, and no more taxes on overseas earnings[27:39] Technicalities that still need to be worked out regarding the recent tax reform

Resulting from the changes in regulations due to the Job Act of 2012, RealtyShares.com is able to offer intitutional level real estate projects to investors at a very low minimum, with broad selection of real estate opportunities.  Listen to Amy discuss this opportunity and unique model for the investor. She discusses the vetting process of the real estate opportunities they offer.  They are diversified in geography in real estate type and in geography. She addresses the misconceptions and primary concerns of investors investing with their system and provides an example of how a paid off project performed. Investors interested in institutional real estate should find this be very interesting.

Job Act: 2 anni di applicazione. FOCUS SU LICENZIAMENTIIl punto sulla riforma del diritto del lavoro a due anni di distanza dall'entrata in vigore del Jobs Act. Il convegno titolato "Jobs Act: 2 anni di applicazione. I licenziamenti, i controlli e le mansioni" è stato suddiviso per argomenti, per i relatori intervenuti, che hanno saputo fornire ai propri interventi autonoma fruibilità.Relatori noti:MODERA avv. Rosanna Rovere – Presidente Ordine Avvocati PordenoneRELATORE avv. Aldo Bottini – Presidente AGI – Partner Studio ToffolettoRELATORE Prof. Arturo Maresca – Università La Sapienza – Roma

Job Act: 2 anni di applicazione. FOCUS SUI CONTROLLI E LE MANSIONIIl punto sulla riforma del diritto del lavoro a due anni di distanza dall'entrata in vigore del Jobs Act. Il convegno titolato "Jobs Act: 2 anni di applicazione. I licenziamenti, i controlli e le mansioni" è stato suddiviso per argomenti, per i relatori intervenuti, che hanno saputo fornire ai propri interventi autonoma fruibilità.Relatori noti:MODERA avv. Rosanna Rovere – Presidente Ordine Avvocati PordenoneRELATORE avv. Aldo Bottini – Presidente AGI – Partner Studio ToffolettoRELATORE Prof. Arturo Maresca – Università La Sapienza – Roma

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Today we speak with Marshall Saunders of Saunders Dailey. Saunders was named one of Swanepoel's 200 most powerful people in residential real estate and is the recipient of RISMedia's 2013 Tech Titan award.   Saunders started pursuing his interest of community funded real estate in 2014. He thinks crowdfunding will be a major game changer for individuals who would like to invest smaller amounts of capital than normally required through traditional IPOs. He describes the history of crowdfunding, the impact of 2012's Job Act and how banks and mortgage companies might react to this type of investment in the future.   Key Takeaways: [2:12] Crowdfunding is a game changer for investing in startups [3:30] Democratizing the investment system [7:56] Crowdfunding has a long history and in 2012 the Jobs Act was signed [10:16] Title 3 of the Jobs Act will draw lines on investing in Crowdfunding opportunities [14:20] Investment opportunities for questionable investments will grow [17:29] One third less filling than your typical IPO [18:00] Setting up and selling shares of LLCs via crowdfunding [20:36] Buying equity in bulk [22:42] Will individuals turn to crowdfunding sites to pay the mortgage of their single family home? [24:31] Real estate crowdfunding sites raise money for debt offerings [26:48] Mortgage companies may require higher down payments [29:02] Do banks prefer foreclosures based on mortgage insurance payouts?   Mentions: Saunders Dailey The World's First Cashless Society article from Nick Giambruno Kickstarter SEC

Today we speak with Marshall Saunders of Saunders Dailey. Saunders was named one of Swanepoel's 200 most powerful people in residential real estate and is the recipient of RISMedia's 2013 Tech Titan award. Saunders started pursuing his interest of community funded real estate in 2014. He thinks crowdfunding will be a major game changer for individuals who would like to invest smaller amounts of capital than normally required through traditional IPOs. He describes the history of crowdfunding, the impact of 2012's Job Act and how banks and mortgage companies may respond to this investment type in the future. The upcoming Meet the Masters Event is almost sold out. Go to JasonHartman.com to get your ticket for this educational event. Key Takeaways: Jason's Editorial: [1:40] Upcoming Creating Wealth show schedule [3:41] The World's First Cashless Society article from Nick Giambruno [7:33] Governments tighten the reigns to remove symbols of value [9:51] Buying properties through our network [10:35] Landlord friendly Arkansas; an example investment [14:35] Join Platinum Property Tracker on our resources page [16:10] Use Voxer and contact me on JHart88 to have your questions answered on air [17:11] The Venture Alliance trip to Dubai and Meet the Masters event   Marshall Saunders Guest Interview: [19:51] Crowdfunding is a game changer for investing in startups [22:30] Democratizing the investment system [25:35] Crowdfunding has a long history and in 2012 the Jobs Act was signed [29:21] Title 3 of the Jobs Act will draw lines on investing in Crowdfunding opportunities [32:02] Investment opportunities for questionable investments will grow [35:11] A third less filling than your typical IPO [35:35] Setting up and selling shares of LLC's via crowdfunding [38:16] Buying equity in bulk [40:23] Will individuals turn to crowdfunding sites to pay the mortgage of their single family home? [42:11] Real estate crowdfunding sites raise money for debt offerings [44:23] Mortgage companies may require higher down payments [46:41] Do banks prefer foreclosures based on mortgage insurance payouts? [48:35] Contact info for Marshall Saunders and final thoughts   Mentions: Jason Hartman Platinum Property Tracker Venture Alliance Mastermind Saunders Dailey The World's First Cashless Society article from Nick Giambruno Kickstarter Voxer - The best way to communicate ever

La Senatrice Alessandra Bencini ci fa il resoconto della discussione al Senato del Job Act. I Bronzi di Riace non arriveranno a Milano per Expo: abbiamo pronta la controproposta, Mazinga Z.

On Saturdays show we will discuss the weeks top stories to include signing of the Job Act by President Obama, The Economy and The Road to the White House..   Talk to you at 10 am on Saturday, April 7, 2012...

We will talk about Crowd Funding and the Job Act with Dara Albright.... Dara Albright is the founder of NowStreet Media, voice for the rapidly emerging private company marketplace. She is also the co-founder of The SoHo Loft Capital Creation Event Series, the definitive event platform for the private markets. Through its media, event production and consulting divisions, NowStreet Media is pioneering a number of innovative products and services designed to augment the growth of this young vibrant marketplace as well as enhance overall capital formation. Our mission is to bring awareness and drive capital to the private company marketplace (PCM) as well as to help develop its infrastructure so that it can mature into a viable and functional institutional marketplace that facilitates capital formation, innovation, expansion and job creation. Prior to founding the NowStreet properties, Dara has held a distinguished 19 year career in investment banking, investor relations and institutional sales. She has organized and managed hundreds of road shows and conferences for Wall Street’s elite. She has worked closely with a number of institutional and accredited investors providing investment and trading strategies as well as restricted transaction services. Dara has helped raise financing for companies across the globe in a variety of industries at various phases and rollouts. Her work has included extensive IPO road show execution and counseling newly public companies in the after-market. Prior firms she worked for include: Unterberg Towbin, Morgan Stanley Dean Witter, Divine Capital and Citigate Dewe Rogerson. Dara is a graduate of the George Washington University. Dara holds securities industry Series 7, 24, and 63 licenses. Lets here from you...

President Obama's recently proposed American Jobs Act includes some 60 billion dollars to save 280,000 teacher Jobs and repair dilapidated schools. If passed, how will the money be distributed, what will be the criteria, and will the money reach your school district in time to make a difference this year? Guests: Arne Duncan is the U.S Secretary of Education appointed by President Barack Obama. Melody C. Barnes is was chosen by President Barack Obama to serve as the Director of the Domestic Policy Council for his administration. Carmel Martin is Assistant Secretary for Planning, Evaluation and Policy Development at the Department of Education. .