Podcasts about new tax law

In this episode of the Know Your Numbers, REI podcast, host Chris McCormack delves into the recent changes in tax laws and their implications on tax brackets. Chris discusses the importance of planning and strategizing around taxes to avoid unnecessary burdens, especially given the new permanent lower tax brackets.This episode offers a detailed explanation of how progressive tax systems work, examines the specific tax brackets for both single and married filers for 2025, and explores the benefits of tax planning for business owners and individuals. Chris emphasizes the significance of working with a knowledgeable CPA or tax planner to optimize tax savings and align financial strategies with personal goals.••••••••••••••••••••••••••••••••••••••••••••➤➤➤ To become a client, schedule a call with our team➤➤ https://www.betterbooksaccounting.co/contact••••••••••••••••••••••••••••••••••••••••••••Connect with Chris McCormack on Social MediaFacebook: https://www.facebook.com/chrismccormackcpaLinkedIn: https://www.linkedin.com/in/chrismccormackcpaInstagram: https://www.instagram.com/chrismccormackcpaJoin our Facebook Group: https://www.facebook.com/groups/6384369318328034→ → → SUBSCRIBE TO BETTER BOOKS' YOUTUBE CHANNEL NOW ← ← ← https://www.youtube.com/@chrismccormackcpaThe Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.

Special Episode: Navigating New 2025  Tax Laws for Therapy Practice OwnersIn this special summer edition of 'Therapy for Your Money', host Julie Herres, owner of Green Oak Accounting, discusses important updates from the new tax bill that affect small business owners and private practice therapists. Julie provides a concise breakdown of business changes, personal tax updates, and some unique deductions that may have fine print, offering key insights and practical advice for therapy practice owners to stay informed and prepared. Key topics include maintaining the QBI deduction, the return of bonus depreciation, pass-through entity tax benefits, and adjustments to personal deductions like the SALT deduction and child tax credit. Julie emphasizes the importance of consulting with tax professionals to navigate these changes effectively.Episode Highlights00:00 Introduction to Therapy for Your Money00:44 Special Edition: New Tax Law Overview01:57 Context: Tax Changes Since 201703:46 Business Tax Updates08:30 Personal Tax Updates13:32 New Deductions with Caveats23:00 Medicare and Medicaid Changes25:23 Conclusion and Final AdviceLinks and ResourcesMoney for Therapists Practice Startup - https://www.greenoakaccounting.com/startupGreenOak Accounting - www.GreenOakAccounting.comTherapy For Your Money Podcast - www.TherapyForYourMoney.comProfit First for Therapists - www.ProfitFirstForTherapists.comProfit First Academy - www.ProfitFirstForTherapists.com/Academy Podcast Production and Show Notes by Course Creation StudioGet our free KPI tracker to see how you practice measures up to others in the industry! www.therapyforyourmoney.com/kpi

Aug 4, 2025 – Wondering how the sweeping tax changes in the One Big Beautiful Bill could impact your retirement? In this edition of Lifetime Planning on the Financial Sense Newshour, Jim Puplava and Crystal Colbert break down the latest rules...

Robby and Tom are here this week with a brand new episode! This week, they discuss new tax law - benefits to retirees & seniors.  Don't forget to get your copy of “The Complete Cardinal Guide to Planning for and Living in Retirement” on Amazon or on CardinalGuide.com for free! You can contact Hans and Cardinal by emailing hans@cardinalguide.com or calling 919-535-8261. Learn more at CardinalGuide.com. Find us on YouTube: Cardinal Advisors.

PROMISES AND PITFALLS OF THE NEW TAX LAW FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Sandy Hornor | CEPS Managing Director, Wealth Management & Executive Manager, BWFA Episode Details: In this episode of Healthy, Wealthy & Wise, Sandy Hornor explains how the new “One Big Beautiful Bill Act” may affect your taxes. While the bill promises tax breaks, many of them come with fine print—like income limits and phase-outs. That means planning ahead is more important than ever. Sandy covers the expanded SALT deduction, a new $6,000 senior deduction for those age 65 and older, and the now-permanent Qualified Business Income (QBI) deduction. He also reviews smaller but meaningful benefits, such as new deductions for tips, overtime, and car loan interest. However, each one comes with eligibility thresholds that may surprise you. This episode gives you a clear, high-level overview of what changed, what stayed the same, and why financial and tax planning must now work hand-in-hand. If you're unsure how the 2025 tax law will impact your income, investments, or filing status, this discussion will help you cut through the confusion

Today's episode dives deep into the newly passed legislation—the “Big Beautiful Bill”—and what it really means for working Americans.

The passage of the One Big Beautiful Bill Act has brought us a number of changes to the tax laws. Some changes are "permanent," meaning it would take an act of Congress and the President to change them. Some are "temporary," meaning they expire at some point in the future. Almost all of them can affect how we plan for retirement, particularly when it comes to Roth conversion strategies, tax-gain harvesting, and even traditional retirement account distributions.In this video, I walk through the key tax provisions of the OBBBA, and then cover how they may affect retirement planning.NOTE: ProjectionLab has updated its software to account for the OBBBA tax changeshttps://robberger.com/tools/projectio...ResourcesAndy Panko's article: https://static.twentyoverten.com/5d25...U.S. Bank Tax Bracket article: https://www.usbank.com/wealth-managem...Join the Newsletter. It's Free:https://robberger.com/newsletter/?utm...

On this podcast Jerry explains Trump's new 100% bonus depreciation law. What it actually says, who it actually applies to, who it doesn't, and how it could come back to haunt you later. FREE Consultation Call To Set Up Your Business https://www.primecorporateservices.com/flippingmasteryFREE Purchase & Sale and Assignment Contracts:http://WholesalerContracts.comThis podcast was originally released on YouTube. Check out Jerry Norton's YouTube channel, with over 2,700 videos on all things wholesaling and flipping!  https://www.youtube.com/c/FlippingMasteryTVAbout Jerry Norton Jerry Norton went from digging holes for minimum wage in his mid 20's to becoming a millionaire by the age of 30. Today he's the nation's leading expert on flipping houses and has taught thousands of people how to live their dream lifestyle through real estate.    **NOTE: To Download any of Jerry's FREE training, tools, or resources… Click on the link provided and enter your email. The download is automatically emailed to you. If you don't see it, check your junk/spam folder, in case your email provider put it there. If you still don't see it, contact our support at: support@flippingmastery.com or (888) 958-3028.Get Access to Unlimited Free Property Searches and Downloads: https://flippingmastery.com/propwireWholesaling & House Flipping Software: https://flippingmastery.com/flipsterpodMake $10,000 Finding Deals: https://flippingmastery.com/10kpodGet 100% funding for your deals: https://flippingmastery.com/fspodMentoring Program: https://flippingmastery.com/ftpodFREE 8 Week Training Program: https://flippingmastery.com/8wpodGet Paid $8700 To Find Vacant Lots For Jerry: https://flippingmastery.com/lfpodFREE 30 Day Quickstart Kit https://flippingmastery.com/qkpodFREE Virtual Wholesaling Kit: https://flippingmastery.com/vfpodFREE On-Market Deal Finder Tool: https://flippingmastery.com/dcpodFREE Wholesaler Contracts: https://flippingmastery.com/wcpodFREE Comp Tool: https://flippingmastery.com/compodFREE Funding Kit: https://flippingmastery.com/fkpodFREE Agent Offer Sheet & Scripts: https://flippingmastery.com/aspodFREE Cash Buyer Scripts: https://flippingmastery.com/cbspodFREE Best Selling Wholesaling Ebook: https://flippingmastery.com/ebookpodFREE Best Selling Fix and Flip Ebook: https://flippingmastery.com/ebpodFREE Rehab Checklist: https://flippingmastery.com/rehabpod LET'S CONNECT! FACEBOOK http://www.Facebook.com/flippingmastery INSTAGRAM http://www.instagram.com/flippingmastery

We're joined once again by America's IRA expert, Ed Slott, to unpack the “One Big Beautiful Bill” and the new opportunities it offers for tax-savvy retirees. Ed breaks down how temporary expansions in SALT deductions, strategic use of Roth conversions, and thoughtful estate planning- including tools like permanent life insurance and qualified charitable distributions- can help reduce your tax burden and protect your legacy. We also cover common retirement tax myths and how to prepare for rising tax rates with smart, forward-looking planning.   About Ed Slott & Company Ed Slott and Company, LLC is the nation's leading provider of retirement tax education for financial advisors, CPAs, and attorneys. Backed by a team of nationally recognized experts—including CPAs, attorneys, and retirement specialists—the firm delivers ongoing, in-depth training on the latest tax laws, IRA planning strategies, and retirement distribution rules. Its flagship program, Ed Slott's Elite IRA Advisor GroupSM, is comprised of 500 of the nation's top financial professionals who receive semiannual live training, monthly updates, and case law analysis to help clients keep more of their retirement savings. Visit https://irahelp.com/ for more information.   Important Info: Securus Financial: https://www.gosecurus.com/ International Financial Advisory Group: https://www.internationalfinancial.com/ Call John: (858) 758-9889 Call Thomas: (973) 394-0623

New Tax Law, Big Opportunities – In this episode of The Complete Advisor, we sit down with Washington insider and CEO of Stonewood Financial, Becky Ruby Swansburg, to break down the newly passed One Big Beautiful Bill (OBBB)—and what it really means for independent financial advisors.

We break down the wild swings of Q2 2025 markets (did you know it was the first time since 1938 the S&P 500 was both up AND down 10%+ in a single quarter?!

Today on the Wholesale Hotline Podcast (Flipping Mastery Edition), Jerry is joined by Ryan Barnum to talk about his real estate journey, lessons he's learned and do a deal breakdown. Show notes -- in this episode we'll cover: How Ryan overcame imposter syndrome, used a pay‑per‑lead program, and closed his first deal—earning $15,000 after negotiating and partnering with New Western. A step‑by‑step breakdown of Ryan's first deal: how he locked an exclusive lead at $348K, adjusted the rehab estimate from $60K to $90K, renegotiated to $320K, and flipped it to New Western at $345K. Emphasis on confidence and rapport: Ryan built trust through genuine conversation, which led the seller to reject $430K offers from others in favor of his. Key advice for beginners: Start talking to agents (even out-of‑market) to build confidence, record your calls for self‑review, and step into the investor identity—even before your first deal. More key nuggets for newbies inside today's episode.    Please give us a rating and let us know how we are doing! ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖  ☎️ Welcome to Wholesale Hotline & Flipping Mastery Breakout! ☎️ Jerry Norton went from digging holes for minimum wage in his mid 20's to becoming a millionaire by the age of 30. Today he's the nation's leading expert on flipping houses and has taught thousands of people how to live their dream lifestyle through real estate.   **NOTE: To Download any of Jerry's FREE training, tools, or resources… Click on the link provided and enter your email. The download is automatically emailed to you. If you don't see it, check your junk/spam folder, in case your email provider put it there. If you still don't see it, contact our support at: support@flippingmastery.com or 888) 958-3028.  ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖  

The new tax law has got everyone talking -- including today's all-star lineup. Capstan team members Sean Lichterman, Gina Maurino, and Bill Harbeson are here to discuss making the most of the OBBBA. Whether it's Cost Segregation, R&D Tax Credits, or Energy Incentives, a thoughtful approach is key, with an eye to timelines and documentation.

What's your favorite snack in the workplace? It turns out a new tax law could push those snacks out of the office due to costs. According to the Washington Post, starting in 2026, businesses won’t be able to deduct the cost of company cafeterias and certain other food and beverage perks for workers. Greg and Holly discuss.

Explore timely insights on the new tax law, significant provisions, and what's next for businesses in our latest podcast episode.

A new tax bill has officially passed (you've probably heard it mentioned as the “Big Beautiful Bill”). And while most headlines are focused on politics, we're focused on what it means for your retirement. The choices you make in the next year or two could have a significant impact on how much you keep and how much goes to Uncle Sam. Today, David breaks down key parts that are most likely to affect retirees. Here's some of what we discuss in this episode:

Are you relying on twitter to tell you if you should quite gambling or not following the gambling tax disaster in the BBB?In this episode we sit down with Gary Kondler of Kondler & Associates - the gambling industry leading tax and consulting firm - to discuss the changes in the bill.From the myths that exploded on Twitter to the real-life tax nightmares facing poker pros, slot whales, and DFS grinders, Gary walks us through exactly what's changing, who's most at risk, and how to protect yourself. Whether you're a solo bettor, a casual casino-goer, or part of a syndicate, this episode could save you thousands—and a major audit headache.Kondler & Associates: https://kondlercpa.com/00:00 – The Big Change: Understanding the BBB Bill09:00 – Real Tax Impact: Examples That Hurt21:00 – Filing as a Pro vs. Amateur36:00 – Sessions Method, W2Gs & Audit Risk51:00 – State-Level Chaos & Planning for 20261:12:00 - GP & SP React & Speculate WildlyWelcome to The Risk Takers Podcast, hosted by professional sports bettor John Shilling (GoldenPants13) and SportsProjections. This podcast is the best betting education available - PERIOD. And it's free - please share and subscribe if you like it.My website: https://www.goldenpants.com/ Follow SportsProjections on Twitter: https://x.com/Sports__ProjWant to work with my betting group?: john@goldenpants.comWant 100s of +EV picks a day?: https://www.goldenpants.com/gp-picks

The One Big Beautiful Bill Act is no longer a proposal, it's the law. That means CPA financial planners must shift gears fast. In this special crossover episode of the AICPA Personal Financial Planning Podcast and the AICPA Tax Odyssey Podcast, host Cary Sinnett is joined by nationally recognized experts Bob Keebler and Mark Gallegos to break down what the new law really means for your clients and your planning strategies. From the permanent TCJA tax brackets and QBI deduction to enhanced SALT caps, PTET elections, and new income exclusions for tips and overtime, this episode delivers high-level insights you can act on immediately. You'll also hear forward-looking guidance on Roth conversions, entity structure decisions, estate and gifting strategies, and what Medicaid reforms mean for clients with multigenerational care responsibilities. This is the must-listen briefing every CPA financial planner needs right now. Resources: 2025 Reconciliation charts Planning for tax changes and tax reform 2025 House tax bill This episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program. Subscribe to the PFP Podcast channel at Libsyn to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.  

Send us a textNew tax laws coming in hot.  Have you wondered what an unrealized capital gains tax could mean for you? Discover how the proposed tax changes could impact investors, from high-net-worth individuals to everyday people, and why it's crucial to stay informed even if you're not a millionaire.Join us as we discuss this proposed change and why its not as terrible as it sounds, for now! :)Create a STAN Store - Click here to try it out!Here's where you can find us! Follow along on Instagram for lots of free content for business owners daily!Shop our business guides!Our Instagram PageOur family page

Within the U.S. property and casualty insurance sector, Florida stands out as one of the first states to recently experience skyrocketing claim costs, shrinking coverage availability, and a crisis in premium affordability. The Sunshine State also has been deeply impacted by nuclear verdicts as well as insurance fraud. Making matters worse: Severe weather is a relatively common occurrence there. In this episode of "Insurance Speak," NSI Insurance Group CEO Oscar Seikaly shares his unique perspective on Florida's recent legislative efforts aimed at shoring up its volatile insurance market.

Get my Monthly Newsletter here This episode of a LIVE walkthrough of Erica filing her own BOI (Beneficial Ownership Information) reporting via the FinCEN website. If you haven't already, listen to Episode 65 first.   Important links mentioned in this episode: Link to BOI Reporting | https://www.fincen.gov/boi BOI Brochure | https://www.fincen.gov/sites/default/files/shared/BOI%20Informational%20Brochure%20508C.pdf Exemption from Reporting | https://www.fincen.gov/boi-faqs#C_2   Connect with Erica: Instagram  LinkedIn

Get my Monthly Newsletter here Today Erica talks about the brand new Beneficial Ownership Information (BOI) reporting law, which went into effect on January 1, 2024. Geared toward small business owners, consultants, and agency owners, this law mandates reporting to the Financial Crimes Enforcement Network (FinCEN), a branch of the U.S. Department of Treasury. Inside, you'll find the answers to such questions as: What is the Corporate Transparency Act? Who is exempt from these requirements? Can I file my BOI report myself, or do I need a professional? What information do I need to file my business's report? What are the deadlines for filing? If you haven't filed this yet, listen to the Bonus episode: Live BOI Application Walkthrough, where Erica walks you through the process as she completes it for her own business.   Important links mentioned in this episode: Link to BOI Reporting | https://www.fincen.gov/boi BOI Brochure | https://www.fincen.gov/sites/default/files/shared/BOI%20Informational%20Brochure%20508C.pdf Exemption from Reporting | https://www.fincen.gov/boi-faqs#C_2   Connect with Erica: Instagram  LinkedIn

February 2, 2024 - Proposed New Tax Law

I Want to Hold Aono-kun so Badly I Could Die on Umi Shiinan kauhua, romantiikkaa, mysteerinratkaisua ja huumoria yhdistelevä kummitustarina, jossa päähenkilön poikaystävä kuoltuaan palaatakaisin haamuna. Ajankohtaisina aiheina puhumme siitä, miten Crunchyroll sulkee mangapalvelunsa kymmenen vuoden jälkeen, Petterin vierailusta Ylen Kulttuuriykkösen Ghibli-jaksossa sekä siitä, miten Japanin uusi verolaki vaikuttaa manga- ja animealan työntekijöihin. Lukujonossa aloitamme lopultakin Natsumi Andon wagashi-teemaisen murhamysteerin Something's Wrong With Us ja luemme Ogeretsu Tanakan Happy of the Endin kakkospokkarin. --- Kommentoi | Bluesky | Mastodon | X | Instagram --- (01:17) – KUULUMISET: PETTERI KÄVI JAPANISSA - Tokyo Banana - Jakso 9, jossa puhuimme British Museumin manganäyttelystä - Petterin ruoka- ja hintaketju Mastodonissa, X:ssä ja Blueskyssä (07:45) – AONO-KUN: ESITTELY - I Want to Hold Aono-kun so Badly I Could Die - Afternoon-lehti (14:16) – AONO-KUN: SARJA YLEISESTI - Paha Aono näyttäytyy Horielle ovikamerassa Kariyana (kuva) - Seksuaalisuus on isossa osassa (kuva) - "Päästä minut sisään" (kuva) - Säännöt ovat tärkeitä kummitustarinoissa (kuva) - Unet ovat epämääräisen ahdistavia (kuva) - Näitä sanoja et saa koskaan sanoa (kuva) - Koomista ilmeilyä (kuva) (26:28) – AONO-KUN: YUURI KARIYA JA RYUUHEI AONO - Romanssi normaalin Aonon kanssa on suloinen… - Salainen suudelma (kuva) - Aono ei pysty riisumaan vaatteitaan (kuva) - Sähkötolppahali (kuva) - …mutta pahan Aonon obsessiivisuus ja pyrkimys alistaa ja hyväksikäyttää on sen kanssa ikävässä kontrastissa (kuva) - Kariya kasvattaa selkärankaa (kuva) - Kariya oppii neuvottelemaan pahan Aonon kanssa, joka loppujen lopuksi on pakkomielteinen Kariyasta (kuva) - Kariya vaatii kaikki suudelmat takaisin (kuva) - Kariya ja Aono varsinaisesti vasta tutustuvat sen jälkeen, kun Aono on jo kuollut (kuva) - Aono (jota Fujimoto ei tässä näe, vaan he keskustelevat kännykän avulla) kokee ristiriitaisia tunteita, kun toisaalta haluaisi Kariyan siirtyvän eteenpäin elämässä, mutta toisaalta kaipaa Kariyaa (kuva) - Aono (Kariyan kehossa) kertoo Fujimotolle, miten koki syyllisyyttä siitä miten Kariya tykkäsi hänestä (kuva) (42:12) – AONO-KUN: FUJIMOTO JA HORIE - Fujimoto on söpö äksy poika (kuva) - Et voi pussailla tyttöjä kehossani, etkä varsinkaan asettaa kättäsi tissin alle! (Aono on Kariyan kehossa) (kuva) - Horie on kauhuleffaharrastaja (kuva) (53:11) – AONO-KUN: TAIDE JA KERRONTA - Häät hautausmaalla (kuva) - Suudelma akvaariossa (kuva) - Eteisen kukkakimppu lisääntyy ja valtaa koko asunnon (kuva) - Riivauksesta vapautumisen hämmennys (kuva) - Land of the Lustrous - Beastars, josta puhuimme jaksossa 13 (01:03:03) – AONO-KUN: KANNET - Sarjan kannet (01:07:41) – AONO-KUN: JULKAISU - Ihan hauska käännös (Aono on Fujimoton kehossa) (kuva) (01:09:30) – AONO-KUN: SPOILERIOSIO - Toisen suojeleminen tälle valehtelemalla on oikeastaan vain itsensä suojelua (kuva) - Jakso 91, jossa puhuimme sarjasta The Girl from the Other Side - Neitsyitä uhrilahjoiksi (kuva) - X-viilto (Aono on Fujimoton kehossa) (kuva) - Skitso isosisko ja välinpitämättömät vanhemmat (kuva) - Aono kommentoi asiaa (kuva) - Takauma menneisyydestä: miksi on nöyryyttävää olla se jota lyödään? (kuva) - Aonon äidillä oli rankkaa (kuva) - Käskikö äiti? (kuva) - Dinosaurus (kuva) - The Song of Saya - Yotsukubi-saman rituaali (kuva) (01:39:24) – AONO-KUN: YHTEENVETO - Higurashi: When They Cry - Pan's Labyrinth - Jakso 31, jossa puhuimme Kasanesta - Afternoon-lehti (01:44:16) – CRUNCHYROLL SULKEE DIGIMANGAPALVELUNSA - Crunchyrollin tiedote mangapalvelun sulkemisesta - Lista sarjoista, jotka palvelussa vielä on - Jakso 41, jossa puhuimme Crunchyroll Mangan HTML5-version päällekääntämisestä - Jakso 52, jossa puhuimme mangapalvelu Azukin perustamisesta - Crunchyrollin uutinen mangapalvelun avaamisesta vuodelta 2013: alun perin mangapalvelu sisältyi hintaan vain kalliimman tilauksen ostaneille - Lucifer and the Biscuit Hammer - Sun-Ken Rock - Spirit Circle - Scum's Wish - Investor Z - Girl May Kill - Joshi Kausei - Inside Mari - Insufficient Direction - Memoirs of Amorous Gentlemen - Kodansha veti sarjansa muista palveluista ja perusti oman palvelunsa - Crunchyrollin uusi mobiilipelitarjooma - Animenstriimauspalvelun striimiboksipalveluitakin on päivitetty tänä kesänä (01:52:18) – YLEN KULTTUURIYKKÖNEN JA GHIBLI - Ylen Kulttuuriykkönen 8.11.2023: Maailman tunnetuin animaattori Hayao Miyazaki sekä Studio Ghiblin uutuusleffa Poika ja haikara - Pekka Lehtosaari - Myy Lohi - Maaretin vierailu Kulttuuriykkösessä 13.7.2023, josta puhuimme Mangakartan jaksossa 87 - Afureko-blogin Äänijälki-podcast - Mamoru Hosoda - Hiromasa Yonebayashi - Petterin uutinen Ghiblin tuotannon sulkemisesta Anime-lehdessä 6/2013 (kuva) - Petterin uutinen Ghiblin tuotannon jatkumisesta Anime-lehdessä 4/2017 (kuva) - Petterin jatkoartikkeli Ghiblin tuotannon jatkumisesta Anime-lehdessä 7/2017 (kuva) - Tuottaja Toshio Suzukilla on alkanut mennä firman rahat ja omat rahat sekaisin - NTV osti Studio Ghiblin ja teki siitä tytäryhtiönsä syyskuussa 2023 - Poika ja haikara (01:59:46) – JAPANIN VEROUUDISTUS - Fullfrontal.moen informatiivinen Twitter-ketju verouudistuksesta - Unseen Japan: Will Voice Actors Quit Over Japan's New Tax Law? - The Japan Times: Freelancers aren't happy with Japan's new invoice system - The Mainichi: 27% of voice actors in Japan may quit due to 'hellish choice' with new invoice system - Ääninäyttelijöiden etujärjestö Voictionin englanniksi tekstitetty animaatiovideo verouudistuksesta (YouTube) (02:08:38) – HAMPAANKOLOSSA: EISNER JA HARVEY 2023 - Jakso 75, jossa puhuimme vuoden 2022 Eisner- ja Harvey- palkinnoista - ANN: Chainsaw Man Manga Wins Best Manga Harvey Award for 3rd Straight Year - ANN: Hayao Miyazaki's Shuna's Journey Wins Eisner Award - ANN: The Will Eisner Comic Industry Awards: A Spotlight on Quality or A Sticker for Sales? (02:14:02) – HAMPAANKOLOSSA: MANGA PLUS MAX - Jakso 91, jossa puhuimme Manga Plus -palvelun uudesta kuukausimaksullisesta tilausmallista - Henri Björnin kommentti X:ssä (ent. Twitter) (02:14:37) – KUULIJAKOMMENTTI: VANITAKSEN KIRJA JA VAMPIIRIT - Jakso 90, jossa puhuimme siitä, miten Vanitaksen kirja -mangan suomennoksessa käytetään sanaa “vampiiri” - Antti Valkaman kommentti X:ssä (ent. Twitter) - Jakso 47, jossa puhuimme sarjasta Black Rose Alice, jossa vampyyrit ovat “verta imeviä puita” (吸血樹, kyuuketsuki) eivätkä “verta imeviä hirviöitä” (吸血鬼, kyuuketsuki) kuten tavallista (02:18:13) – KUULIJAKOMMENTTI: DEVILMAN JA EPÄSOVINNAISUUS - Jakso 89, jossa puhuimme Devilmanista - Jarmon kommentti Mastodonissa - Geekkicastin sarjissilmäys Devilmanista (YouTube) - Jakso 77, jossa puhuimme Chainsaw Manista (02:20:43) – KUULIJAKOMMENTTI: COMICS CODE - Äänijälki-pocastin Cillan kommentti X:ssä (ent. Twitter) - Comics Code Authority - Seduction of the Innocent (02:24:07) – KUULIJAKOMMENTTI: THE GUY SHE WAS INTERESTED IN WASN'T A GUY AT ALL - Jakso 91, jossa puhuimme sarjasta The Guy She Was Interested in Wasn't a Guy at All - Vampirenaomin kommentti X:ssä (ent. Twitter) (02:24:44) – LUKUJONOSSA: SOMETHING'S WRONG WITH US - Something's Wrong With Us - Natsumi Ando - Kitchen Princess - Valssin aika, josta puhuimme jaksossa 58 - Be-Love-lehden lukijakunta on varsin vanhaa - Wagashit, perinteiset japanilaiset makeiset - Seirou Opera, josta puhuimme jaksossa 7 (02:39:21) – LUKUJONOSSA: HAPPY OF THE END 2 - Happy of the End - Jakso 88, jossa puhuimme Ogeretsu Tanakan tuotannosta ja sarjan ykköspokkarista - Sarjan kolmannen ja viimeisen pokkarin kansi (02:50:51) – LOPETUS - Podcast Addict - Pocket Casts  

Dr. Friday 0:00 Good day. I'm Dr. Friday, President of Dr. Friday's Tax and Financial firm. To get more info go to www.drfriday.com. This is a one-minute moment. Dr. Friday 0:12 And even though you don't hear a lot of tax law changes, they're constantly adding requirements enhancing credit and deduction. Back on the 29th of 2022, they came out with a new information about wages and apprenticeships. For a while, people would be able to work at a very minimal wage to basically try to learn a trade; therefore, their training was kind of less expensive because you were teaching them something. Well, they've come down the line that is enhanced the benefits for the person working, and kind of made it harder to use apprenticeship as a way of paying lower wages. If you need help, go to irs.gov. Announcer 0:51 You can catch the Dr. Friday call-in show live every Saturday afternoon from 2 pm to 3 pm on 99.7 WTN.

Beginning with the Tax Cuts and Jobs Act otherwise known as “Trump Tax Reform” that was passed at the end of 2017, Americans have seen significant new tax legislation passed almost annually. As we enter 2023, it appears the rate of change in tax and retirement rules is not about to slow down anytime soon with President Biden signing the SECURE Act 2.0 into law on December 29th, 2022. In this episode, we discuss how the Secure Act 2.0 makes significant changes that will impact retirement and tax planning for many families and will provide new opportunities for those who proactively adjust to the changes. If you are approaching retirement or reviewing your own tax planning strategy, we think you'll enjoy this episode. Thanks for listening! For those who are interested in even more detail about the SECURE Act 2.0, check out our blog post covering the same topic at https://pw-wm.com/learn/tax-planning/secure-act-2-0-new-tax-law-new-opportunities/.

In this episode, we talk about Secure Act 2.0, the newest piece of tax legislation passed into law. We discuss the major changes, how it impacts O&G professionals, and who are the winners/losers as a result of the new rules.For more information and show notes visit: https://bwmplanning.com/episode42Connect With Us:Facebook - https://www.facebook.com/BrownleeWealthManagement/?ref=py_cLinkedin - https://www.linkedin.com/company/brownlee-wealth-management/Disclosure: This information is for informational purposes only. Nothing discussed during this video should be interpreted as tax, legal, or investment advice. If you have questions pertaining to your specific situation, please consult the appropriate qualified professional.

The Inflation Reduction Act contains several provisions that some analysts expect to affect stock valuations in the clean energy and the pharmaceutical industries. Today's Stocks & Topics: Interest Rates, HSY - Hershey Co., Low Risk Investments, DIS - Walt Disney Co., BTG - B2Gold Corp., GOLD - Barrick Gold Corp., BALL - Ball Corp., TELL - Tellurian Inc., Water Companies, KLIC - Kulicke & Soffa Industries Inc., ONTO - Onto Innovation Inc., CWST - Casella Waste Systems Inc. Cl A.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

In this episode of Adam Talks, IRA Financial's Adam Bergman Esq. discusses some possible new tax laws that could be introduced in the near future.

Adam Beesley from Adam up accounting and the Deathpiles and Taxes Podcast gives an update on 2021 Taxes www.adamupaccounting.com

The Internal Revenue Service wants tax-exempt organizations to know about recent tax law changes that might affect them. The Taxpayer Certainty and Disaster Tax Relief Act, passed on December 20, 2019, includes several provisions that may apply to tax-exempt organizations' current and previous tax years. 1. Repeal of "parking lot tax" on exempt employers 2. Tax simplification for private foundations 3. Exclusion of certain government grants by exempt utility co-ops www.fender-tax.com

On December 20, 2019, the Setting Every Community Up for Retirement Enhancement Act, or the SECURE Act, became law. While many of us have heard about this in the news, what may not have been immediately apparent is the significant impact this new law could have on your retirement plan and financial goals. Scott Sturgeon, of the Mariner Wealth Advisors practice management team joins us to help simplify the details and explain who is impacted in what way.

The Tax Cuts and Jobs Act, which went into effect at the beginning of this year, created a lot of changes that will heavily affect the taxes that CRNAs pay over the next several years. Jeremy will walk you step-by-step through some new options that you should consider taking advantage of, as well as some hazards that could trip you up if you're not in the know.

Patti strategizes with one of the Philadelphia area top CPAs, Bruce Boylston of Rothman, Boylston LLC. Together they break down nuances in the New Tax Law to share with their listeners how to save money when filing their corporate tax returns. Business owners will appreciate how easily these actionable steps can benefit them both this year and in years to come.

Patti sits down with one of the top CPAs in the county, Bruce Boylston, to discuss key tax planning strategies designed to save their clients' money when filing their individual returns. Patti and Bruce break down the complexities of the New Tax Law into easily comprehensible tips and strategies – just in time for the filing deadline! You do NOT want to miss this episode!

The new tax law that we're all living under now (2018) presents wonderful ways for YOU to reduce your taxes now...and in the future. But like all things, only those with the knowledge of the bill will benefit. Is it any wonder why corporations and other entities spend so much money lobbying Congress for just a line item? No, because they are knowledgeable of what they need to pay less. And they'll spend tooth and nail to try to enact that provision. But just because you don't have a multi-million dollar lobbying firm representing your interest doesn't mean you can't take advantage of what the law allows. So, in the next few videos we're going to dive into this. First, we're going to talk about capital gains. If your TAXABLE INCOME puts you in the 10 or 12% tax bracket, you will pay 0 on any capital gains you have so long as you remain in the 10-12% bracket!. This holds HUGE potential benefits, my friends. But only if you know what to look for In this video, I'll show you exactly what you need to know Look at line 13 of your tax return, your 1040. That will show how much in capital gains you had. If you have gains here and those gains put you into the 22% bracket, you've effectively lost your ability to pay no tax. Are there other things you can do to reduce your income to allow to remain in the 10-12% bracket? Look at line 14 of Schedule D on your tax return. Is there a number there? That is capital loss carryforwards, which are previous losses you had that can offset future capital gains. Do you have an appreciated stock in a non-IRA account that you can sell in order to use those capital loss carryforwards. Being proactive can reduce, potentially significantly, your tax today and in the future. For more information like this go to my blog at www.heritagewealthplanning.com And my podcast on Itunes at The Josh Scandlen Podcast. --- Support this podcast: https://anchor.fm/josh-scandlen-podcast/support

Interest and dividend income are other areas of the tax code that punishes the ignorant. You have income on lines 8a, 8b, 9a and 9b? Why? Is there a strategic reason for earning this income in order to pay tax? If so, that's fine. Maybe you need the cash to help pay the bills, pay tuition, take a vacation, etc. However if you're receiving this income because of how your investments are designed without any strategic intent, I suggest you consider a different plan of action Let's start by looking at what types of income you have. If you have interest income, from bonds and/or CDs, this income is taxed at ordinary income rates. Worse yet, there is NOTHING you can do about it other than paying the tax on it...as ordinary income. Consider moving ANY holding you have that yields ordinary income(OI), into your Traditional IRA in order to defer those OI taxes as long as you possibly can. Remember your IRA is taxed as Ordinary Income anyway. So, having an IRA taxed at those rates PLUS having investment income taxed at the same means your paying too much in tax. If you have municipal bond income, i.e., 'tax exempt interest' consider scrapping those and instead moving into corporate and/or government bonds inside your IRA. Because municipals are tax free they offer a much lower interest rate than corporate and government bonds. So, for simplicity, say a municipal bonds yields 2.5% a corporate bond will pay more because it's income is taxed. A corporate bond with similar maturity date may pay 4%. This means it takes $320,000 in assets to yield $8,000 in income for the municipal bond but only $227,272 for the corporate bond AFTER taxes for someone in the 12% bracket! That is a significant difference in the allocation amount to corporate bonds over tax free bonds to receive the same after tax income. We don't municipal bonds, unless we're in the higher tax brackets, those above 22%. We don't want ANY bonds in our taxable account either. We want bonds in our Traditional IRA. Secondly, we want dividend paying stocks, the investments that give us income on lines 9a and 9b, in our ROTH IRA. DIvidends we don't need only cause higher taxes. Avoid that. Move your income-oriented stocks to your Roth. Lastly, we want your most aggressive holdings, ideally the ones with little to no dividends or capital gains in your taxable accounts. The unrealized appreciation on these investments cause you NO tax. Because these holdings are aggressive they should pay no dividends whatsoever. Lastly when it does come time to sell a position in order to generate cash, you can work the tax code to do it in the most tax-favored way possible. You can't do with other income you receive from your investments. Finally, at death, the growth of these aggressive accounts transfer TAX FREE to your heirs because of the step up basis rules. IRA accounts don't have that benefit. Roth IRA accounts don't have a step up in basis but they are tax free anyway, which is just as good. At the end of the day, it's up to YOU to understand the tax code to take advantage of it to your benefit. If your advisor isn't helping you with this, well, hate to sound brutal but seek a new advisor! --- Support this podcast: https://anchor.fm/josh-scandlen-podcast/support

Interest and dividend income are other areas of the tax code that punishes the ignorant. You have income on lines 8a, 8b, 9a and 9b? Why? Is there a strategic reason for earning this income in order to pay tax? If so, that's fine. Maybe you need the cash to help pay the bills, pay tuition, take a vacation, etc. However if you're receiving this income because of how your investments are designed without any strategic intent, I suggest you consider a different plan of action Let's start by looking at what types of income you have. If you have interest income, from bonds and/or CDs, this income is taxed at ordinary income rates. Worse yet, there is NOTHING you can do about it other than paying the tax on it...as ordinary income. Consider moving ANY holding you have that yields ordinary income(OI), into your Traditional IRA in order to defer those OI taxes as long as you possibly can. Remember your IRA is taxed as Ordinary Income anyway. So, having an IRA taxed at those rates PLUS having investment income taxed at the same means your paying too much in tax. If you have municipal bond income, i.e., 'tax exempt interest' consider scrapping those and instead moving into corporate and/or government bonds inside your IRA. Because municipals are tax free they offer a much lower interest rate than corporate and government bonds. So, for simplicity, say a municipal bonds yields 2.5% a corporate bond will pay more because it's income is taxed. A corporate bond with similar maturity date may pay 4%. This means it takes $320,000 in assets to yield $8,000 in income for the municipal bond but only $227,272 for the corporate bond AFTER taxes for someone in the 12% bracket! That is a significant difference in the allocation amount to corporate bonds over tax free bonds to receive the same after tax income. We don't municipal bonds, unless we're in the higher tax brackets, those above 22%. We don't want ANY bonds in our taxable account either. We want bonds in our Traditional IRA. Secondly, we want dividend paying stocks, the investments that give us income on lines 9a and 9b, in our ROTH IRA. DIvidends we don't need only cause higher taxes. Avoid that. Move your income-oriented stocks to your Roth. Lastly, we want your most aggressive holdings, ideally the ones with little to no dividends or capital gains in your taxable accounts. The unrealized appreciation on these investments cause you NO tax. Because these holdings are aggressive they should pay no dividends whatsoever. Lastly when it does come time to sell a position in order to generate cash, you can work the tax code to do it in the most tax-favored way possible. You can't do with other income you receive from your investments. Finally, at death, the growth of these aggressive accounts transfer TAX FREE to your heirs because of the step up basis rules. IRA accounts don't have that benefit. Roth IRA accounts don't have a step up in basis but they are tax free anyway, which is just as good. At the end of the day, it's up to YOU to understand the tax code to take advantage of it to your benefit. If your advisor isn't helping you with this, well, hate to sound brutal but seek a new advisor! ================================= If you like what you see, a thumbs up helps A LOT. So, give me a thumbs up, please! --- Support this podcast: https://anchor.fm/josh-scandlen-podcast/support

The new tax law that we're all living under now (2018) presents wonderful ways for YOU to reduce your taxes now...and in the future. But like all things, only those with the knowledge of the bill will benefit. Is it any wonder why corporations and other entities spend so much money lobbying Congress for just a line item? No, because they are knowledgeable of what they need to pay less. And they'll spend tooth and nail to try to enact that provision. But just because you don't have a multi-million dollar lobbying firm representing your interest doesn't mean you can't take advantage of what the law allows. So, in the next few videos we're going to dive into this. First, we're going to talk about capital gains. If your TAXABLE INCOME puts you in the 10 or 12% tax bracket, you will pay 0 on any capital gains you have so long as you remain in the 10-12% bracket!. This holds HUGE potential benefits, my friends. But only if you know what to look for In this video, I'll show you exactly what you need to know Look at line 13 of your tax return, your 1040. That will show how much in capital gains you had. If you have gains here and those gains put you into the 22% bracket, you've effectively lost your ability to pay no tax. Are there other things you can do to reduce your income to allow to remain in the 10-12% bracket? Look at line 14 of Schedule D on your tax return. Is there a number there? That is capital loss carryforwards, which are previous losses you had that can offset future capital gains. Do you have an appreciated stock in a non-IRA account that you can sell in order to use those capital loss carryforwards. Being proactive can reduce, potentially significantly, your tax today and in the future. --- Support this podcast: https://anchor.fm/josh-scandlen-podcast/support

Eva Rosenberg AKA "Taxmama", talks "The Trump Tax Cut: Your Personal Guide to the New Tax Law" Check out her website here: https://irsexams.school/Number 1 New Release on Amazon: "The Trump Tax Cut: Your Personal Guide to the New Tax Law"https://www.amazon.com/Trump-Tax-Cut-Personal-Guide/dp/1630061050?SubscriptionId=AKIAILSHYYTFIVPWUY6Q&tag=duckduckgo-d-20&linkCode=xm2&camp=2025&creative=165953&creativeASIN=1630061050

This is a recording of the presentation we have been giving on the changes to the tax code and how its going to impact everyone. If you are interested in reviewing how the law will impact you and your personal tax situation you can reach out to us to schedule a complimentary tax action plan. Contact us at 336-310-4233 or phuminski@thoriumwealth.com to schedule your time. You can also visit www.thoriumwealth.com to contact us.

Diane Gardner is a Certified Tax Coach, Quilly award recipient, and best-selling author whose proactive planning approach gives clients a leg up on Uncle Sam and helps them dodge the tax bullet. Diane saves small business clients between $5,000 and $50,000 in as little as 60 minutes!  Her tax coaching sessions have resulted in a combined savings of over $817,000 to-date.  As a licensed Enrolled Agent, Diane prepares returns and helps taxpayers nationwide maximize profits and tax savings.  She is a Certified Profit First Professional, an Accredited Tax Preparer and has elite certification as a Certified Tax Coach. Diane is also the co-author of the best-selling books, Stand Apart and Why Didnt My CPA Tell Me That?  She has also authored six other books including her newest, Stop Overpaying Your Taxes! 11 Ways Entrepreneurs Overpay and How to Stop it Now!  During This Show We Discuss… The low-down on the new tax law that just rolled out What this new law will mean for a typical small business owner How the new law affects standard and itemized deductions How it affects personal exemptions and charitable contributions How it affects the estate tax credit What corporations can expect as it comes to tax rate changes When these changes will take effect How the new law affects business deductions? How the new law affects depreciation How shifting income to other family members can help you Things entrepreneurs are doing wrong forcing them to overpay on taxes How to choose the right business entity? Why choosing the right tax professional is like dating Why typical CPAs do not help with coaching? The difference between a tax coach and a CPA And much more…

If you haven't changed your W-4 for a few years, you'll want to do it for 2018.  The new tax code could hugely affect how your deductions are calculated.   Certified Public Accountant Jay Niederhauser has three of the top reasons why it's important to get your W-4 up to date. You can follow the show on Twitter @MoneyMakingSens and on Facebook.  And to see what Heather does when she's not talking money, go to her personal Twitter page.  See omnystudio.com/listener for privacy information.

Ron Siegel discusses local and national current events, politics, personal and business finance with a few mortgage tips along the way. A Southern California mortgage expert and bonafide political junkie, Ron Siegel delivers intelligent, entertaining radio that makes the hard news of the week easy to understand! Ron Siegel is joined by Todd Halterman Ron Siegel will discuss: Can decades of excellent credit vanish from my report?; Freddie Mac: Rising Mortgage Rates DO NOT Lead to Falling Home Prices; Real Time Real Estate; Your Credit Matters; Mortgage Minute; Word on Wealth; and so much more. Ron Siegel, consumer advocate and mortgage lender, discusses anything that affects the roof over your head, your bank account or other items that will benefit you / your family. Reach Ron Siegel at  Ron@RonSiegelRadio.com www.RonSiegelRadio.comwww.SiegelLendingTeam.com your Anaheim Mortgage LenderMortgage Calculator: www.MBELinks.com/RFToolKit  Your Anaheim Mortgage Lender offers: Conventional Loans, FHA Loans, USDA Loans, Refinancing, and Reverse Mortgages                   

Ron Siegel discusses local and national current events, politics, personal and business finance with a few mortgage tips along the way. A Southern California mortgage expert and bonafide political junkie, Ron Siegel delivers intelligent, entertaining radio that makes the hard news of the week easy to understand! Ron Siegel is joined by Anaheim Fire & Rescue Chief, Randy Bruegman. Ron Siegel will discuss: Ways the new tax law may make you laugh or cry; Home Prices_ The Difference 5 Years Makes; Real Time Real Estate; Your Credit Matters; Mortgage Minute; Word on Wealth; and so much more. Ron Siegel, consumer advocate and mortgage lender, discusses anything that affects the roof over your head, your bank account or other items that will benefit you / your family. Reach Ron Siegel at  800.306.1990 Ron@RonSiegelRadio.comwww.RonSiegelRadio.comwww.SiegelLendingTeam.com your Yorba Linda Mortgage LenderMortgage Calculator: www.MBELinks.com/RFToolKit  Your Yorba Linda Mortgage Lender offers: Conventional Loans, FHA Loans, USDA Loans, Refinancing, and Reverse Mortgages

Nareit's Cathy Barre discusses impact of the new tax law changes on REITs.Nareit's REITwise: 2018 Law, Accounting & Finance Conference will have more in-depth information on the impact of tax reform on REITs.

The Internal Revenue Service (IRS) faces new challenges in the new year, adding to budget, staffing and IT issues that are endemic. The biggest challenge may be dealing with the new tax law passed by Congress, which has given IRS programmers a gigantic software do-over. Tony Reardon, president of the National Treasury Employees Union talked to Federal Drive with Tom Temin about what's next.

Hi everyone and welcome to another Wealthy and Wise Wednesday. We're pushing right up to Christmas. It's getting kind of exciting, seems like every time I go out on the streets, it gets more and more and more crowded. How is it in your part of the country? 00:00:18 So you could get really frustrated with trafficking. I grew up outside of the bay area in California and before my wife and I moved out to California, we lived in the East Bay of San Francisco area and man, it was traffic and nightmare. This has been quite a while. I can only imagine how much worse it is now. But I used to get so frustrated. 00:00:46 But come Christmas time, we're all supposed to be happy and joyous and forgiving. So hopefully when you're out there you're not seeing too much road rage and certainly, hopefully, you're not the one with the road rage. So if you're listening to this podcast while you're driving, I can calm you down, a little bit of hum…..and relax. The Christmas Holiday season will be over before you know it. So enjoy it. Hope again you have a lot of family time and can really spend some time helping others that may not be so fortunate as you. 00:01:34 Okay. So we've had some really interesting things happening these past few weeks. I don't necessarily want to talk too much about politics and all that good stuff but there are some things that are potentially coming down that pipe that's going to either help or hurt you come 2018. And one of them is the tax plan that's been at least halfway through the whole process to this point. 00:02:04 And I happen to pick up, sorry, if I look at the computer a little too much today but I happened to pick up a calculator that was put out by one of the congressmen to just kind of, it's nothing scientific to the tee but it does give us some indication of what this tax plan might mean to you. So I thought it would be kind of fun just to put in a few different scenarios and see how that might look in your situation. 00:02:34 So the first one I'm going to put in is a couple and I just picked this state because it was about mid-country. I picked Illinois. For the next one, we'll pick another state. But here we got a couple in Illinois, married filing jointly making $50,000 a year and they've got three kids. Statistically, we have 2.3 kids in the United States per couple. It was hard to put in that point three so we'll see what the difference is between two and three kids. 00:03:10 So what would happen if the plan passed in one of two ways? So you've got the House Plan and we've got the Senate Plan. And each of them has a little bit different nuances and we'll see what they do. So the results are these. In the current House Plan, this couple would save $953 a year and in the Senate Plan, they would save $1,886, almost twice as much money as the House Plan. So if you're married filing jointly living in Illinois and have $50,000 a year income, you might just be voting for the Senate Plan and put a few more bucks in your pocket. 00:03:57 Okay. So let's double this income. Let's look for somebody making $100,000 a year. And this time instead of Illinois let's choose, how about we choose Mississippi. Okay little southern state in there, still the 2.3 kids and let's see what happens with them. Well, in the current House Plan, they would save $2,313 in the 2018 tax bill, and in the Senate Plan, they would save $3,246. So are you getting a little theme here? The Senate Plan seems to be much more aggressive for tax breaks at least up to the hundred thousand dollar mark. 00:04:41 What we want to do is see where this doesn't really help or affect anybody. So let's bump that up to $150,000 and now we've got, now they're getting a little bit closer in parity. So the House Plan you'd save $5,070 and in the Senate Plan, you'd save $5,771. So about $700 more in the Senate Plan over the House Plan. 00:05:07 Alright. So now let's bump this up to 200,000. See what happens. And wow still saving some money. So in the House Plan, you save $6,373 and in the Senate Plan, wow, you start to save even more, $7,854. So it seems right there that $150,000 mark, they were really close but then the Senate Plan starts to get a little better as you creep up that wage or that earning a wage. 00:05:41 At $250,000, voila! House Plan you're saving $6800. Senate Plan now you're saving $9800. That's pushing ten thousand bucks. There's a lot you can do in this world with $10,000 at least, at the very least that you might get this amazing vacation, right? 00:06:06 So let's see at $300,000 in income, married filing jointly. Still saving money. House Plan $5700. Senate Plan over $13,000. So far, if you're all for tax breaks and saving a little bit more in taxes, the Senate Plan seems to be having the advantage. 00:06:30 Let's jump all the way up to a half million dollars a year because I'm really curious to see where we don't save any money. And we're still saving money even at a half million a year. The House Plan saves you $8200 a year. But get this, that's backward. So the House Plan is kind of going backward at this but the Senate Plan now you're saving $25,000, $24,917 to be exact on a half million dollar income. 00:07:00 Well, we talk about the one percent. I shouldn't say we as a podcast as a company does. But the country talks about the one percent and how they are getting all the tax breaks and so on and so forth. Let's just see. Definitely, at half million dollars, you're in the 1% tax bracket. But you're still paying, what do we get here, you're still, oh it's all broken down into three different…four, so 20, 40, 60, they're still paying over a hundred and some odd thousand. Oh total federal tax bill, there it is, $112,000 in taxes. So that's a pretty good amount of money. 00:07:44 Interestingly enough in the House Plan, you'd pay $128,000 in taxes. Right now, you're paying $136,000 in taxes if you're making a half million dollars a year. So let's bump this up again to $750,000 in income. And everybody still making money, right now, or saving money I should say, not making money when. Give when you pay. When you lose money when it goes out of your pocket you not making money. When you give, when you pay, when you lose money, when it goes out of your pocket, you're not making money. You're just paying less. 00:08:15 So right now, you're paying 235,000 in taxes. In the House Bill, you'd pay 216,00 and in the Senate Bill, you'd be paying 205,000, which means you would save in the Senate Plan 30,000 and in the House Plan you save 19,000. 00:08:34 Alright, how about those evil millionaires who make way too much money, right? Let's see what happens to them. Well, they get to save a little bit still. So right now, they'd pay 335,000 in taxes. But they're going to save 31,000 in the House Plan. They're going to save 41,000 in the Senate Plan. 00:08:59 So sorry for going, to tell all those. If I bring that back down to what I see a lot, it's about $150,000, husband and wife both working filing jointly, couple kids, 2 or 3 kids, living in just about every state across the country. Well, let's see what happens if they happen to be living in North Carolina at the time. This could be significant to a lot of people because, in the House Plan, you save $5,000 and in the Senate Plan you save $5,700. 00:09:34 So that's probably where the two plans have the most parity in getting really close to each other, about what middle to upper America is earning out there. So anyway that's the new tax plan coming along. I don't know if it's going to be in place and ready to go. A lot of times when plans are enacted in a given year say in 2018, they'll at least go retroactive for that year. So with any kind of luck, depending on how you're looking at this. We may see some tax savings next year for our 2018 taxes. And hopefully, if you're wise what will you do with that savings? 00:10:25 Test, test, test. Yes, hopefully, you're going to save it, invest it and make it become a whole lot more than it is today. And so yeah, that's it. So any questions that you have? I'm not an expert on this tax plan. It's certainly on what to do with tax savings. 00:10:49 Send those questions to questions@wisemoneytools.com. Try to answer them just as fast as I can. And also if you'd like to have a strategy session, talk about some of the ideas and things that we're doing, really helping people across the country. If you want a copy of my book and how we use tax advantage investments to help you accumulate wealth even faster, feel free to reach out. 00:11:17 And in the meantime, just to have a great holiday. Enjoy it. Have fun. Eat a lot. Hope you get everything that you're asking to Santa Claus or that you're a really good Santa Claus to others. Well, that's it for today. For another Wealthy and Wise Wednesday, we hope you have a great one. Talk to you next week. Until then, take care.  

The rise of capitalism, starting a couple hundred years ago, has been a spectacularly positive development for humanity, creating enormous material wealth that raised billions of people out of poverty. In the last 40 years, however, it has been gamed so that the vast majority of economic growth flows to the elites who own and manage the systems of wealth creation. The Republican tax plan doubles down on that trend, reducing taxes for corporations and the rich at the expense of social programs that help the poor. Jeff and Corey discuss the ramifications.