Podcasts about tax cuts

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  • 862PODCASTS
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  • Oct 8, 2021LATEST
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Best podcasts about tax cuts

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Latest podcast episodes about tax cuts

The Brookings Cafeteria
Unpacking Opportunity Zones tax havens

The Brookings Cafeteria

Play Episode Listen Later Oct 8, 2021 30:53


David Wessel, a senior fellow and director of the Hutchins Center on Fiscal and Monetary Policy at Brookings, is author of the new book “Only the Rich Can Play: How Washington Works in the New Gilded Age,” published by Public Affairs, which tells the story of how a Silicon Valley entrepreneur developed an idea intended to help poor people that will save rich people money on their taxes. Wessel relates in his book how the tax break, passed into law in the Tax Cuts and Jobs Act of 2017, led to the creation of over eight thousand tax havens across the U.S. called Opportunity Zones. This episode of the Brookings Cafeteria presents part of a recent Brookings live event during which Wessel and other experts discussed the book and the Opportunity Zone experience on the ground. Here, Wessel is interviewed by New York Times White House correspondent Jim Tankersly about “Only the Rich Can Play.” Listen and watch the entire event on , or also subscribe to the . Show notes and transcript:   Follow Brookings podcasts on Apple or Google podcasts, or on Spotify. Send feedback email to , and follow us and tweet us at  on Twitter. The Brookings Cafeteria is part of the .

RTÉ - Morning Ireland
US looking to roll-back on Donald Trump's tax cuts

RTÉ - Morning Ireland

Play Episode Listen Later Oct 7, 2021 4:58


Tom Petruno, Los Angeles-based financial journalist, discusses Democrats' efforts to get sweeping corporation tax reforms across the line in the US as well as their connection with the OECD's tax reform proposals.

Grow Money Business with Grant Bledsoe
Ep #95 - We Have a New Tax Bill [And It's a Whopper]

Grow Money Business with Grant Bledsoe

Play Episode Listen Later Sep 22, 2021 50:30


The House Ways & Means Committee recently released proposed tax reform legislation that brings major changes to the current levels of taxation, including reversals of several provisions introduced in the Tax Cuts and Jobs Act of 2017. We dedicated this episode to exploring what this new proposal includes and some of the key aspects of the proposal that may interest our listeners. Throughout the episode, Grant dives deep into proposed provisions related to retirement, new tax brackets, business tax, tax on cryptocurrency, estate planning, and more.   [02:19] Background and Progress – Grant starts the conversation with a brief review of what led to this new proposed piece of legislation, its current status, and the path to getting it signed into law. [08:16] Roth IRA Conversions – The proposed tax bill calls to prohibit Roth IRA conversions on after-tax contributions, which has been a very convenient maneuver for tax planning. Grant shares his thoughts on what to keep in mind if you're considering a Roth IRA conversion. [12:35] High-Income Earners – The new tax bill also brings provisions to restrict high-income earners from doing any Roth IRA conversions starting from 2031. Grant dives into the reasoning behind this, why this provision is proposed to come into effect ten years from now, and some other restrictions that apply to high-income earners. [16:27] Mandatory Distributions – How the proposed new legislation mandates taking money out of your retirement accounts if the total value of all your retirement accounts exceeds a given threshold. [20:00] Tax Brackets and Rates – Grant dives into how the tax brackets and applicable tax rates are updated in the proposed legislation and proposed changes to taxation on capital gains. [27:47] Ultra-high Income – Grant shares his take on the 3 percent surtax proposed to apply for people who make over $5 million. [29:47] Surtax on Trusts – The proposed legislation also brings provisions to add a surtax on trusts. Grant talks about the proposed tax brackets and rates related to trusts and what you should keep in mind when considering estate planning. [31:08] Business Tax – How the proposed tax bill affects businesses depending on the type of business entity and some of the planning opportunities that emerge with the new proposal. [35:35] Busines Income Deductions – The new proposed legislation reforms a set of provisions related to business deductions that are introduced in the Tax Cuts and Jobs Act of 2017. Grant explains some of these reforms and what business owners should keep in mind about tax planning. [39:02] Cryptocurrency Assets – Some of the tax-related legislations that apply to other assets such as stocks and bonds do not currently apply to cryptocurrency assets. Grant shares his thoughts on how that may change in the new proposed tax bill and what crypto investors show know about the new tax bill. [42:26] Estate Planning – Another provision in the proposed tax bill brings some significant changes to taxes related to estate planning. Grant dives into what these updates include and what you should keep in mind about taking advantage of the current thresholds and exemptions.   Resources: https://waysandmeans.house.gov/media-center/press-releases/chairman-neal-announces-additional-days-markup-build-back-better-act

Talks from the Hoover Institution
Federalism At Work: A Governor's Perspective

Talks from the Hoover Institution

Play Episode Listen Later Sep 17, 2021 50:03


Thursday, September 16, 2021 Hoover Institution, Stanford University   Governor Kristi Noem in conversation with Scott Atlas on Thursday, September 16, 2021 at 2:00 PM ET. ABOUT THE SPEAKERS Governor Kristi Noem was elected as the first-ever female governor of South Dakota in 2018 after serving 8 years as South Dakota's at-large member in the U.S. House of Representatives. During her time in Congress, Governor Noem helped pass the Tax Cuts and Jobs Act, which put $2,400 back in the pockets of the average South Dakota family. Governor Noem is a proud wife, mother, lifelong rancher, farmer, and small business owner. Scott Atlas, M.D., is the Robert Wesson Senior Fellow of the Hoover Institution. Dr. Atlas researches the role of government and the private sector in access, quality, and pricing of health care. He advises leaders in government and the private sector, and has served as Senior Advisor in Health Policy for several presidential candidates, members of Congress and key Administration officials.  Dr. Atlas served as Special Advisor to the President and a was a member of the White House Coronavirus Task Force from August through November, 2020.  Before joining Hoover full-time, Dr. Atlas served as Professor and Chief of Neuroradiology at the Stanford University Medical Center for 14 years.  His latest books include A Plague Upon Our House: My Fight at the Trump White House to Stop COVID from Destroying America published by Post Hill Press and available in November, and Restoring Quality Health Care: A Six‐Point Plan for Comprehensive Reform at Lower Cost.

Steve Forbes: What's Ahead
Spotlight: State Tax Cuts vs. Washington's Proposed Tax Hikes: What To Watch Out For

Steve Forbes: What's Ahead

Play Episode Listen Later Sep 3, 2021 2:55


While Washington focuses on finding ways to raise your taxes, the good news continues to come from various states in the form of tax cuts. Steve Forbes on the state tax cuts versus Washington's proposed tax hikes and on what to watch out for as the proposed tax hikes would inflict the kind of damage on economic activity not seen since the 1970s.Steve Forbes shares his What's Ahead Spotlights each Tuesday, Thursday and Friday.

Radio Sweden
SEK 10 billion tax cuts, opposition critical, first Social Democrat leadership nomination, third vaccine dose starts, elk hunt begins

Radio Sweden

Play Episode Listen Later Sep 1, 2021 2:25


Radio Sweden brings you a round-up of the main news in Sweden on September 1st 2021. Presenter: Ulla Engberg Producer: Frank Radosevich

The Ricochet Audio Network Superfeed
Heritage Events: A Celebration of the 40 Year Anniversary of the Reagan Tax Cuts

The Ricochet Audio Network Superfeed

Play Episode Listen Later Aug 13, 2021


2021 marks the 40th anniversary of President Reagan's landmark signing of the Economic Recovery Tax Act of 1981. These tax cuts unleashed American prosperity and re-invigorated a struggling economy. Four decades on, the nation faces increasing calls to return to a 1970s-style high-tax economy, making it more important than ever to remember why the Reagan Tax Cuts were so critical. […]

Inside Sources with Boyd Matheson
Ronald Reagan's Tax Cuts Turn 40

Inside Sources with Boyd Matheson

Play Episode Listen Later Aug 13, 2021 8:58


Newt's World
Episode 291: Reagan Tax Cuts – 40th Anniversary

Newt's World

Play Episode Listen Later Aug 13, 2021 46:13


In August 1981, President Ronald Reagan signed the Economic Recovery Tax Act in his driveway at the Reagan Ranch. The legislation brought about the largest tax cuts in American history and resulted in an era of tremendous economic prosperity and growth. Newt remembers the 40th anniversary of the three-year tax cut with his personal perspective on this unique time in American history. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Fault Lines
EXCLUSIVE: Hunter Biden's Childhood Friend Tells All About Stolen Sex Tape

Fault Lines

Play Episode Listen Later Aug 13, 2021 171:40


On this episode of Fault Lines, hosts Jamarl Thomas and Shane Stranahan talk about the indecisive democratic party, the significant drop in vaccine effectiveness against the Delta variant, a personal anecdote about Hunter Biden's antics, and the immunity of the President's son even though he was addicted to drugs and compromised US resources.Guests:Joel Segal - Former Congressional Staffer, co-author of HR 676 | Indecisive Dems Dr. Mikhail Kogan - Medical Director at the George Washington Center for Integrative Medicine | Significant Drop In Vaccine Effectiveness Tyler Nixon - Army infantry veteran, counselor-at-law, constitutionalist, advocate and writer | Hunter Biden Story and Mitch backed infrastructureGarland Nixon - Sputnik political analyst and the host of The Critical Hour | Censorship for Talking About Hunter BidenMichael Goodwin - Journalist and Columnist at the NY Post | Hunter Biden: The New Man of SteeleIn the first hour Joel Segal joined the show to talk about how he believes the modern republican party is the most dangerous group in politics. He then goes on to describe the Progressive party as highly educated and ultra organized, more than ever before.In the second hour Fault Lines was joined by Dr. Mikhail Kogan for a discussion on the mutating coronavirus and the decreasing effectiveness of the vaccines in fighting the new variants. Dr. Kogan also discussed the MRNA vaccines and how a booster shot might insert itself into the delicate dynamic between immune system and vaccine. Tyler Nixon also joined the show to tell of a personal story he had with Hunter Biden about a massive drug-induced bender the President's son went on.In the third hour Garland Nixon joined the conversation to talk about how he was banned on Facebook for posting about the correlation between the confession of Hunter Biden on him losing his third laptop to the Russians and the coverage of Donald Trump when the Steele dossier came up. Michael Goodwin also joined the show to discuss the invulnerability that Hunter Biden has, being addicted to cocaine and losing vital tech to foreign countries.

Steve Forbes: What's Ahead
Spotlight: What Biden Could Learn From Reagan's Economic Recovery Tax Act

Steve Forbes: What's Ahead

Play Episode Listen Later Aug 13, 2021 3:23


The Economic Recovery Tax Act, signed into law by President Ronald Reagan in 1981, was the most significant tax cut in American history. Unfortunately, the current White House is going in the opposite direction, and the economic outlook isn't positive. Steve Forbes on what Joe Biden could learn from Reagan's tax cuts that could help versus hinder the economy further.Steve Forbes shares his What's Ahead Spotlights each Tuesday, Thursday and Friday.

7am
The tax cuts that could bankrupt Australia

7am

Play Episode Listen Later Aug 10, 2021 13:40


No matter which major party wins the next federal election, the top 5 percent of income earners in Australia will receive tax cuts worth 180 dollars a week. These tax cuts, which will overwhelmingly benefit high income earners, will cost the budget 300 billion dollars over 10 years.So how will those cuts be funded? According to those in the social services sector it's likely to be made from cuts to education, health and welfare. Today, chief executive of the Australian Council of Social Service Cassandra Goldie, on the origin of these tax cuts and what their real cost will be.Guest: Contributor to The Saturday Paper and chief executive of the Australian Council of Social Service Cassandra GoldieStay in touch with us on Twitter and Instagram See acast.com/privacy for privacy and opt-out information.

Worldwide Exchange
Jobs report lookahead, Robinhood options action, Tax cuts

Worldwide Exchange

Play Episode Listen Later Aug 6, 2021 44:54


The government jobs report is out today at 830—we talk about what to expect and how investors can play the markets before and after. Plus, investors have been buying puts and calls in Robinhood stock, leading to some volatility. We speak with Susquehanna's Chris Murphy about how big the options impact will be. And states didn't expect tax cuts after this pandemic year, but they're getting them—our own Ylan Mui has the numbers.

Talking in Stations
Tax cut ends war?

Talking in Stations

Play Episode Listen Later Aug 1, 2021 85:43


CCP puts a tax cut into the game that makes the NPC trade hub cheaper than the player-owned…

NC Policy Watch
North Carolinians say a loud “no” to more corporate tax cuts

NC Policy Watch

Play Episode Listen Later Jul 28, 2021 1:01


The post North Carolinians say a loud “no” to more corporate tax cuts appeared first on NC Policy Watch.

NC Policy Watch Radio
North Carolinians say a loud “no” to more corporate tax cuts

NC Policy Watch Radio

Play Episode Listen Later Jul 28, 2021 1:01


The post North Carolinians say a loud “no” to more corporate tax cuts appeared first on NC Policy Watch.

RN Drive - Separate stories podcast
"Tax cuts will increase inequality": Economist criticises Labor's policy decision

RN Drive - Separate stories podcast

Play Episode Listen Later Jul 27, 2021 10:17


The Labor Party has dropped changes to negative gearing and capital gains and adopted stage three tax cuts so what does that mean for the taxpayer?

Anderson Business Advisors Podcast
Tax Tuesday with Toby Mathis Episode 146

Anderson Business Advisors Podcast

Play Episode Listen Later Jul 27, 2021 66:35


The IRS is 35-million tax returns behind by their own admission, and they managed to answer 3% of the calls that were placed last year. If you need an answer to your tax question, don't call the IRS. Toby Mathis and Jeff Webb of Anderson Advisors are here to help and answer your tax questions sooner than later. Submit your tax question to taxtuesday@andersonadvisors. Highlights/Topics: What is the process for a non-profit to invest in syndication? Depends on whether you are required to be an accredited investor or not What are the pros and cons of moving a company to Puerto Rico for tax planning purposes? You have to be a bonafide resident in Puerto Rico to get any benefit at all Are life insurance proceeds taxable if a revocable living trust is the beneficiary? No, life insurance proceeds, in general, if you did not deduct the premiums, are not taxable Is tuition for professional learning deductible? CPE, CME, and CLE credits/courses are deductible when something new for your career, but not when starting a new career Can I buy an Airbnb with money inside and outside of an IRA? Yes, but form a partnership between yourself and your IRA, so it does not become a prohibited transaction or if you are a disqualified party For all questions/answers discussed, sign up to be a Platinum member to view the replay! Go to iTunes to leave a review of the Tax Tuesday podcast. Resources: Infinity Investing: How The Rich Get Richer And How You Can Do The Same by Toby Mathis http://aba.link/infinitybook Infinity Investing https://infinityinvesting.com/ Charitable Organizations https://www.irs.gov/charities-non-profits/charitable-organizations Entity Formation https://andersonadvisors.com/entity_formation/ Capital Gains and Losses https://www.irs.gov/newsroom/capital-gains-and-losses-10-helpful-facts-to-know-0 Section 121 - Capital Gains Exclusion https://www.irs.gov/taxtopics/tc701 Real Estate Professional Requirements https://www.irs.gov/pub/irs-utl/33-Real Estate Professionals.pdf IRC 469(c)7 https://www.law.cornell.edu/uscode/text/26/469 Wills and Trusts https://andersonadvisors.com/living_trusts/ Retirement Plans https://andersonadvisors.com/retirement_plan/ Airbnb https://www.airbnb.com/ Tax Cuts and Jobs Act (TCJA) https://www.irs.gov/tax-reform Schedule E https://www.irs.gov/forms-pubs/about-schedule-e-form-1040 Cost Segregation Authority https://costsegauthority.com/ Franchise Tax https://www.investopedia.com/terms/f/franchise_tax.asp Form 568 https://www.ftb.ca.gov/forms/2020/2020-568.pdf Continuing Professional Education (CPE) https://www.aicpa.org/cpe-learning/cperequirements.html Continuing Medical Education (CME) https://www.accme.org/ Continuing Legal Education (CLE) https://www.americanbar.org/events-cle/mcle/ Unrelated Business Income Tax (UBIT) https://www.irs.gov/charities-non-profits/unrelated-business-income-tax Unrelated Debt-Financed Income (UDFI) https://www.irs.gov/pub/irs-tege/eotopicn86.pdf Bonus Depreciation https://www.irs.gov/newsroom/new-rules-and-limitations-for-depreciation-and-expensing-under-the-tax-cuts-and-jobs-act Depreciation Recapture https://www.investopedia.com/terms/d/depreciationrecapture.asp Qualified Opportunity Fund/Zone https://www.irs.gov/credits-deductions/businesses/invest-in-a-qualified-opportunity-fund Step-Up in Basis https://www.investopedia.com/terms/s/stepupinbasis.asp#:~:text=A%20step%2Dup%20in%20basis%20is%20the%20readjustment%20of%20the,for%20tax%20purposes%20upon%20inheritance.&text=The%20asset%20receives%20a%20step,of%20property%20transferred%20at%20death. Toby Mathis http://tobymathis.com/about-toby-mathis/ Anderson Advisors https://andersonadvisors.com/ Anderson Advisors Events https://andersonadvisors.com/all-events/ Events@andersonadvisors.com Anderson Advisors Tax and Asset Protection Workshop https://andersonadvisors.com/asset-protection/ Anderson Advisors Tax-Wise Workshop https://andersonadvisors.com/tax-wise-workshop-for-businesses-investors/ Anderson Advisors Infinity Investing Workshop https://andersonadvisors.com/investing-workshop-passive-income-generating-machine/ Anderson Advisors on YouTube https://www.youtube.com/channel/UCX5nh607M8hSBLiMB9MgbIQ Anderson Advisors on Facebook https://www.facebook.com/AndersonBusinessAdvisors/ Anderson Advisors Podcast https://andersonadvisors.com/podcast/    

RN Breakfast - Separate stories podcast
Labor says its support for high end tax cuts is all about "clarity and certainty"

RN Breakfast - Separate stories podcast

Play Episode Listen Later Jul 26, 2021 11:02


After months of internal debate, Labor has agreed to support the third stage tax cuts and has formally dumped the planned changes to negative gearing and capital gains that it took the last two elections. Shadow Finance Minister Katy Gallagher says the policies will give voters clarity and certainty during the turmoil of the COVID-19 pandemic.

RN Drive - Separate stories podcast
Government rejects JobKeeper return as Labor supports tax cuts

RN Drive - Separate stories podcast

Play Episode Listen Later Jul 26, 2021 10:31


As Greater Sydney's lockdown enters its fifth week support is growing for the reintroduction of a JobKeeper like wage subsidy.

Administrative Static Podcast
Feds Can't Enforce Tax Cut Ban in Ohio; SCOTUS Cert Denial Kicks Kelo Can Down the Road

Administrative Static Podcast

Play Episode Listen Later Jul 10, 2021 25:01


Feds Can't Enforce Tax Cut Ban in Ohio A recent federal court ruling permanently enjoins the Secretary of the Department of Treasury from enforcing the “Tax Mandate” provision of the American Rescue Plan Act of 2021 (ARPA) against the State of Ohio. ARPA, enacted on March 11, 2021, includes the short—but constitutionally alarming—provision, which impermissibly seizes taxing authority from the states. NCLA filed amicus briefs in State of Ohio v. United States Department of the Treasury, et al. and in State of West Virginia, et al. v. United States Department of the Treasury, et al. to support petitioner states against the unprecedented attempt by Congress to usurp state taxing authority. Read more about the case here: https://nclalegal.org/amicus-brief-state-of-ohio-v-united-states-department-of-the-treasury-et-al/ SCOTUS Cert Denial Kicks Kelo Can Down the Road   On July 2, SCOTUS denied the petition for a writ of certiorari in Fred Eychaner v. City of Chicago. The case asked the Supreme Court to reconsider Kelo v. New London. At issue is whether the city's argument that it needed to take land from a property owner because the area otherwise could become "blighted" constitutes public use. Justice Thomas in his dissent wanted to correct a mistake he believes the Court made in its 2005 Kelo v. New London opinion, which found that "economic development" satisfied the public use requirement in a New London, Connecticut, takings dispute.   See omnystudio.com/listener for privacy information.

The Dan O'Donnell Show
Gov. Evers' Staggering Dishonesty on Tax Cuts

The Dan O'Donnell Show

Play Episode Listen Later Jul 8, 2021 78:21


The Complete Show from 7-8-2021

Steve Forbes: What's Ahead
Spotlight: Tax-Friendly States vs. Economy-Killing Taxes: What You Need To Know

Steve Forbes: What's Ahead

Play Episode Listen Later Jul 8, 2021 2:59


The White House and congressional Democrats are feverishly trying to enact massive tax hikes, while numerous states are going in the opposite direction and cutting them. Steve Forbes on the economy-killing taxes coming out of Washington and on what tax-friendly states are getting right.Steve Forbes shares his What's Ahead Spotlights each Tuesday, Thursday and Friday.

The Mike Broomhead Show Audio
Education groups want Ducey tax cuts on the ballot

The Mike Broomhead Show Audio

Play Episode Listen Later Jul 6, 2021 29:52


Arizona education groups want to send Governor Ducey's new tax cuts to the ballot, to see if Arizonans agree with them.  See omnystudio.com/listener for privacy information.

Better on Draft  | A Craft Beer Podcast
Better on Draft News (07/05/21) – Traditions w/ Beer & Craft Beer Tax Cuts

Better on Draft | A Craft Beer Podcast

Play Episode Listen Later Jul 6, 2021 31:14


CRAFT BEER PODCAST NEWS EPISODE! Recorded on a Monday afternoon, we talk about what traditions we have with craft beer as well as what the upcoming tax credit can do to help continue saving the restaurant industry as a whole. 00:00- Introductions 05:55- HR 1345- Hospitality and Commerce Jobs Recovery Act 17:00- Traditions Utilizing Craft Beer Sponsors: North Center Brewing - https://northcenterbrewing.com/ Zetouna Liquor - https://www.facebook.com/Zetouna-Liquor-Fine-Wine-Cigars-146021445420374/ PCI BrandCraft - https://www.instagram.com/pcibrandcraft/ Join The Michigan Beer Discord - https://discord.gg/vEEDyzwdjT Download the MI Beer Map - http://www.mibeermap.com Subscribe to Better on Draft - https://plnk.to/BOD Spotify - https://open.spotify.com/show/6AlzP1BH0iykayF856bGRc?si=xXZzdd3CTPqgUq_KYTnBKg iTunes - https://podcasts.apple.com/us/podcast/better-on-draft-a-craft-beer-podcast/id1091124740 Facebook - https://www.facebook.com/betterondraft Untappd - https://www.untappd.com/bodpodcast YouTube - https://www.youtube.com/c/betterondraft Instagram - https://www.instagram.com/betterondraft Twitter - https://www.twitter.com/betterondraft

Only in Seattle - Real Estate Unplugged
#599 - What Happens if You Don't Pay Your Property Taxes?

Only in Seattle - Real Estate Unplugged

Play Episode Listen Later Jul 2, 2021 28:37


As a homeowner, you're no doubt aware that the cost of owning property extends well beyond your monthly mortgage payment. You'll have to cover your homeowners insurance, maintenance, repairs, and, of course, property taxes.Your property taxes are calculated by taking your local tax rate and multiplying it by your home's assessed value. The average property tax bill in the U.S. was $3,498 in 2018, according to property database ATTOM Data Solutions, but in some parts of the country, you'll pay a lot more.While property taxes may have once served as a lucrative tax break, these days there's less value in that regard. Thanks to the Tax Cuts and Jobs Act implemented in late 2017, the SALT (state and local tax) deduction, which includes property taxes, is limited to $10,000. If you live in, say, New Jersey, where it's not uncommon to have a $12,000 property tax bill for an average-sized home, you lose out on some tax benefit automatically.But regardless of whether you get the maximum benefit out of your property taxes or not, you're still required to pay them. And if you fail to do so, you could face serious repercussions.Join your host Sean Reynolds, owner of Summit Properties NW and Reynolds & Kline Appraisal as he takes a look at this developing topic.Support the show (https://buymeacoff.ee/seattlepodcast)

MoneyWise on Oneplace.com
Pay Off Mortgage or Invest

MoneyWise on Oneplace.com

Play Episode Listen Later Jul 1, 2021 24:57


To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29 Let's say you come into some cash. Maybe you've gotten a raise or an inheritance. You have a decision to make. Do you use it to pay down your mortgage or do you invest it? It's another one of those questions we get a lot. Usually, folks are already leaning toward investing, thinking it always gives a better return. We'll talk about that today. Here's the argument for investingthe money and not paying down your mortgage. Over any given period of time the market will give a greater return than your mortgage interest rate. That probably seems especially true over the last dozen years with bull markets and low mortgage rates. However, the folks at MoneyGeek.com decided to put that theory to the test. They compared mortgage rates with SP 500 returns over a 43-year period. The findings showed that at times paying down the mortgage actually can give a better return than investing in the market. But over shorter periods with that 43-year range, the market often wins. Take the last 10 years. The SP 500's average return of 14.3% is the clear winner over the average 30-year fixed mortgage rate of around 4.25%. It all depends on which period you pick. Between 1997 to 2007, for example, we saw the dot.com bubble burst and the lead-up to the Great Recession. In 10 out of 11 of those years, you'd have been better off paying down your mortgage than investing in the market. In the last few years, another factor has made the mortgage payoff even more attractive, the question of taxes. The Tax Cuts and Jobs Act of 2017 doubled the standard deduction. The result was that 82% of homeowners no longer itemize their deductions and can't take advantage of the mortgage interest deduction. That essentially made holding a mortgage more expensive and increased the attractiveness of paying it off as soon as you can. You may be thinking, But aren't qualified retirement accounts tax-exempt? Shouldn't that lean things in their favor? And of course, they are tax-exempt. A 401(k) and traditional and Roth IRAs are all tax exempt when the money stays in the account. That definitely tips the scales more in the direction of investing in a qualified account. But those plans have contribution limits and one rather large restriction, you must make your contributions with earned income. That means an inheritance, or other found money, would have to be invested in a regular brokerage account that isn't tax-advantaged. In that case, the scales are tipped back toward paying down your mortgage. There are other considerations that may affect your decision. First of all, if you don't have an adequate emergency fund, that's where your surplus money should go first. You need 3 to 6 months living expenses in liquid savings. Once you have that, you can worry about paying down the mortgage or investing. Also, consumer debt pretty much makes the mortgage vs investing debate a moot point. If you're getting hit with 18% or more interest on your credit card balance, paying that off first wins every time. Finally, there's risk tolerance to consider. Investing in the market is often a rollercoaster ride. If you can't handle steep declines or if your investment horizon is shortsay, less than 5 years, though 10 is betteryou shouldn't be in the market. Paying off your mortgage early may not be as thrilling as investing in Bitcoin. But on the plus side, there's absolutely zero risk involved. You're guaranteed a return equal to the interest rate you're paying on your mortgage. On today's program we also answer your questions: Is there a special savings plan that I can do for my grandchild for college? Estate planning and willsI'd like to learn more about setting all that up. I sold some property and now have $100,000. What's the wisest way to invest this? Remember, you can call in to ask your questions most days at (800) 525-7000 or email them toQuestions@MoneyWise.org. Also, visit our website atMoneyWise.orgwhere you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources like the free MoneyWise app. Like and Follow us on Facebook atMoneyWise Mediafor videos and the very latest discussion!Remember that it's your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking the Donate tab on our website or in our app.

MoneyWise on Oneplace.com
Pay Off Mortgage or Invest

MoneyWise on Oneplace.com

Play Episode Listen Later Jul 1, 2021 24:57


To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29 Let's say you come into some cash. Maybe you've gotten a raise or an inheritance. You have a decision to make. Do you use it to pay down your mortgage or do you invest it? It's another one of those questions we get a lot. Usually, folks are already leaning toward investing, thinking it always gives a better return. We'll talk about that today. Here's the argument for investingthe money and not paying down your mortgage. Over any given period of time the market will give a greater return than your mortgage interest rate. That probably seems especially true over the last dozen years with bull markets and low mortgage rates. However, the folks at MoneyGeek.com decided to put that theory to the test. They compared mortgage rates with SP 500 returns over a 43-year period. The findings showed that at times paying down the mortgage actually can give a better return than investing in the market. But over shorter periods with that 43-year range, the market often wins. Take the last 10 years. The SP 500's average return of 14.3% is the clear winner over the average 30-year fixed mortgage rate of around 4.25%. It all depends on which period you pick. Between 1997 to 2007, for example, we saw the dot.com bubble burst and the lead-up to the Great Recession. In 10 out of 11 of those years, you'd have been better off paying down your mortgage than investing in the market. In the last few years, another factor has made the mortgage payoff even more attractive, the question of taxes. The Tax Cuts and Jobs Act of 2017 doubled the standard deduction. The result was that 82% of homeowners no longer itemize their deductions and can't take advantage of the mortgage interest deduction. That essentially made holding a mortgage more expensive and increased the attractiveness of paying it off as soon as you can. You may be thinking, But aren't qualified retirement accounts tax-exempt? Shouldn't that lean things in their favor? And of course, they are tax-exempt. A 401(k) and traditional and Roth IRAs are all tax exempt when the money stays in the account. That definitely tips the scales more in the direction of investing in a qualified account. But those plans have contribution limits and one rather large restriction, you must make your contributions with earned income. That means an inheritance, or other found money, would have to be invested in a regular brokerage account that isn't tax-advantaged. In that case, the scales are tipped back toward paying down your mortgage. There are other considerations that may affect your decision. First of all, if you don't have an adequate emergency fund, that's where your surplus money should go first. You need 3 to 6 months living expenses in liquid savings. Once you have that, you can worry about paying down the mortgage or investing. Also, consumer debt pretty much makes the mortgage vs investing debate a moot point. If you're getting hit with 18% or more interest on your credit card balance, paying that off first wins every time. Finally, there's risk tolerance to consider. Investing in the market is often a rollercoaster ride. If you can't handle steep declines or if your investment horizon is shortsay, less than 5 years, though 10 is betteryou shouldn't be in the market. Paying off your mortgage early may not be as thrilling as investing in Bitcoin. But on the plus side, there's absolutely zero risk involved. You're guaranteed a return equal to the interest rate you're paying on your mortgage. On today's program we also answer your questions: Is there a special savings plan that I can do for my grandchild for college? Estate planning and willsI'd like to learn more about setting all that up. I sold some property and now have $100,000. What's the wisest way to invest this? Remember, you can call in to ask your questions most days at (800) 525-7000 or email them toQuestions@MoneyWise.org. Also, visit our website atMoneyWise.orgwhere you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources like the free MoneyWise app. Like and Follow us on Facebook atMoneyWise Mediafor videos and the very latest discussion!Remember that it's your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking the Donate tab on our website or in our app.

SBS Arabic24 - أس بي أس عربي ۲٤
نصائح تمكّنك من تخفيض فاتورتك الضريبية لهذا العام المالي في أستراليا

SBS Arabic24 - أس بي أس عربي ۲٤

Play Episode Listen Later Jul 1, 2021 10:20


تقدم حلقة اليوم من بودكاست لنحكِ عن المال نصائح وأفكار لتخفيض فاتورتنا الضريبية عند تقديم إقرارنا الضريبي مع انتهاء هذا العام المالي 2020/2021.

Breaking Points with Krystal and Saagar
6/29/21: Syria Bombs, Unemployment Benefits, BlackRock's Power, Tax Cuts, Mike Gravel, Cancel Culture, Loss of Friendship, Facebook, and More!

Breaking Points with Krystal and Saagar

Play Episode Listen Later Jun 29, 2021 81:50


To become a Breaking Points Premium Member and watch/listen to the show uncut and 1 hour early visit: https://breakingpoints.supercast.tech/Merch: https://breaking-points.myshopify.com/YouTube: https://www.youtube.com/c/breakingpoints

Arizona's Morning News
Sharper Point Commentary - Tax cuts and affordable housing in Arizona

Arizona's Morning News

Play Episode Listen Later Jun 28, 2021 2:04


Jim Sharpe gives his thoughts on rising home prices and how they relate to tax cuts in the new state budget.   See omnystudio.com/listener for privacy information.

Rear Vision - ABC RN
Tax cuts for the rich—do we all benefit?

Rear Vision - ABC RN

Play Episode Listen Later Jun 27, 2021 28:52


For fifty years, governments have cut taxes for corporations and the wealthiest people, arguing that this will stimulate the economy and lead to prosperity for us all. Known as trickle-down or supply-side economics, does it make any sense, and has it worked?

Fresh Take with Josh Dukelow
Student Speech Rights, State Budget Options & Worker Training

Fresh Take with Josh Dukelow

Play Episode Listen Later Jun 24, 2021 95:39


(00:00) Local News Chat: WI Baby Bust & Charter Fishing Boom (19:30) Your Take on SCOTUS Ruling on Student Speech Limits (40:30) Jason Stein, Research Director, Wisconsin Policy Forum (57:30) Dale Walker, Dir of Business & Industry Services, FVTC (89:00) The Takeaway: Values Worth Standing Up For

Fresh Take with Josh Dukelow
Homemade Goods, Missing Indigenous Women & Jessie Opoien

Fresh Take with Josh Dukelow

Play Episode Listen Later Jun 22, 2021 97:15


(00:00) Local News Chat: Mile of Music & Coffee Benefits (21:00) Your Take on State Regulation of Homemade Stuff (42:30) Missing & Murdered Indigenous Women Task Force (60:00) Jessie Opoien, CapTimes, on State Budget & US Sen (89:00) The Takeaway: US vs Russia: Replaying The Reset

WPR Politics
jfc and tax cuts and stuff

WPR Politics

Play Episode Listen Later Jun 18, 2021


Long week in the Legislature — Joint Finance wrapped up their work on the state budget, Republicans introduced a massive tax cut proposal, and Laurel didn't get much sleep. So how about some terrible parody karaoke to bring it all together?

Tax Notes Talk
The State Fight to Eliminate the Federal Restriction on Tax Cuts

Tax Notes Talk

Play Episode Listen Later Jun 18, 2021 30:58


Joseph Bishop-Henchman of the National Taxpayers Union Foundation discusses the litigation of a provision in the American Rescue Plan Act restricting states from using federal funds provided by the law to offset reductions in net tax revenue. For additional coverage, read these articles in Tax Notes:Civil Liberties Group Sides With Ohio in Offset Provision LawsuitOhio Attorney General Seeks Permanent Injunction in Tax Restriction SuitOffset Provision Guidance Could Be Thorny for States Eyeing Tax CutsJudge Denies Ohio's Request to Prevent Treasury From Enforcing Offset ProvisionJudge Dismisses Missouri's Suit Over Restriction on Federal FundingFederal Government Argues 13 States Lack Standing for Preliminary ReliefTreasury Issues Much-Awaited Guidance on Tax Offset Provision In our “In the Pages” segment, University of Virginia School of Law professor Ruth Mason chats about her recent Tax Notes piece, “State Aid Enforcement After Amazon.” ***CreditsHost: David D. StewartExecutive Producers: Jasper B. SmithShowrunner: Paige JonesAudio Engineer: Jordan ParrishGuest Relations: Christa Goad

The BradCast w/ Brad Friedman
'BradCast' 6/11/2021 (Guest: 'Jackpot' author Michael Mechanic of Mother Jones)

The BradCast w/ Brad Friedman

Play Episode Listen Later Jun 12, 2021 58:43


Inside Sources with Boyd Matheson
How President Trump's Tax Cut Helped the Environment

Inside Sources with Boyd Matheson

Play Episode Listen Later Jun 10, 2021 6:34


The R Street Institute's Philip Rosetti says President Trump's 2017 tax cut had a surprising benefit: it was good for the environment.   See omnystudio.com/listener for privacy information.

The Pete Kaliner Show
Tax cuts, defunding police, and critical race theory pushback

The Pete Kaliner Show

Play Episode Listen Later Jun 10, 2021 24:42


I joined Joe Catenacci on his morning show in Wilmington to discuss blue dots in a sea of red, tax cuts get bipartisan approval in the NC legislature, witnessing the logical effects of the Defund Police movement, and the increasing pushback on critical race theory in schools. Support the show: https://www.patreon.com/petekalinershow See omnystudio.com/listener for privacy information.

Mastering Money
Mastering Money 6/4/21

Mastering Money

Play Episode Listen Later Jun 4, 2021 52:39


With politicians in Washington bent on adding to the national debt without mercy, more people want to do Roth conversions. The idea of being tax free for life has quite a ring to it!   As appealing as ROTH conversions sound, pain is involved so you need to be ready for it.  On top of that, they don't always make sense-- according to many CPAs-- especially the closer you get to age 70 and above.   That said,  a Roth IRA can be a powerful tax planning tool. And, while tax rates are low courtesy of the Trump administration's The Tax Cut and Jobs Act this may be your last best chance to get serious about converting. Today,  we'll review  the conversion strategy known as "filling the middle brackets", and another known as  "Back-Door Roth" strategy. Then Medicare expert Shelley Grandidge joins us for the Q & A.  A fact-filled show for you today that you surely don't want to miss...... MASTERING MONEY is on the air!!!  

Estate of Mind, The Art of Selling Luxury Real Estate
How Affluent Clients Make Financial Decisions with Jonathan March

Estate of Mind, The Art of Selling Luxury Real Estate

Play Episode Listen Later Jun 2, 2021 37:47


Topics covered and questions you’ll uncover during this episode:The real reasons behind the unprecedented seller’s market over the last year, and why it’s not just low interest rates fueling this marketHow the Tax Cuts and Jobs Act of 2017’s $750,000 mortgage cut for new home purchases is affecting buying decisions in the upper tierWhat makes an ultra-high-net-worth or high-net-worth individual’s finances “complex”Why most high-net-worth and ultra-high-net-worth individuals consider their tax professional their #1 most trusted adviserHow CPAs advise their affluent clients on real estate decisions, and why it’s primarily based on the amount of interest that is deductibleThe influence of limited itemized deductions for high-net-worth and ultra-high-net-worth individuals on their decision to relocateThe importance of networking among luxury real estate professionals and CPAsHow Biden’s proposed tax plan affects the upper tier and why 2021 may be a better time for upper tier clients to sell their home if the proposed tax bills are passedThe current guidelines governing tax exemption on capital gains for single individuals and married couplesResources mentioned within the episode:Supreme AuctionsArmaninoThe Luxury Market ReportThe Institute for Luxury Home Marketing

NC Policy Watch Radio
New GOP tax cut proposal would take NC in the wrong direction

NC Policy Watch Radio

Play Episode Listen Later Jun 1, 2021 1:02


The post New GOP tax cut proposal would take NC in the wrong direction appeared first on NC Policy Watch.

The Pete Kaliner Show
Green light the Zipper Merge in NC! Plus, GOP unveils tax cut proposal

The Pete Kaliner Show

Play Episode Listen Later May 26, 2021 53:50


North Carolina Rep. Brian Turner (D-Buncombe) joins me to discuss his bill to require the Zipper Merge in our great state. I wholeheartedly endorse this legislation! We also discuss how he and other state lawmakers camp during the legislative session. Plus, Republicans in the NC Senate unveiled their latest tax cut proposal -- which aims to set the personal rate at 4.99% next year, increase the standard deduction and child tax credit, while driving the corporate rate to 0% by 2028. Support the show: https://www.patreon.com/petekalinershow See omnystudio.com/listener for privacy information.

Real Estate News: Real Estate Investing Podcast
The Real Estate News Brief: Rental Assistance Helps Landlords, Rent Growth Speeds Up, Housing Boom for Opportunity Zones

Real Estate News: Real Estate Investing Podcast

Play Episode Listen Later May 24, 2021 6:14


In this Real Estate News Brief for the week ending May 22nd, 2021... the government’s rental assistance program is helping landlords, rent growth speeds up, and the housing boom is adding value to opportunity zones.Economic NewsWe begin with economic news from this past week, and a Treasury Department announcement that it has distributed $6 billion in rental assistance in the last two weeks. And more money is on the way. (1) A total of $21.6 billion was allocated to the program as part of a stimulus package approved in March. Another $25 billion had been approved in December. The funding is important to help pay off tenant debt to landlords as eviction moratoriums expire.More Americans are heading back to work. The latest unemployment report shows that initial jobless claims were down 34,000 last week, to 444,000. (2) That’s the lowest number we’ve seen in more than a year. More than 16 million people are still getting unemployment checks, but that number is also decreasing.Several states say they plan to stop offering the additional $300 a week in federal benefits, to encourage people to get back to work. That program is supposed to end on September 6th. CNBC reports that a few states are also offering a one-time bonus for people who start working again. Those states include Arizona, Montana, New Hampshire and Oklahoma with bonuses ranging from 500 to $2,000. (3)The latest round of housing data shows another drop for existing home sales. The National Association of Realtors says they fell 2.7% in April to a seasonally adjusted annual rate of 5.85 million homes. (4) It’s the third month in a row that sales fell as the inventory crunch continues. NAR’s chief economist, Lawrence Yun, expects to see more inventory “as further COVID-19 vaccinations are administered and potential home sellers become more comfortable listing and showing their homes.”Residential construction was also down in April. The U.S. Census Bureau reports a 13% decline in month-to-month single-family home starts. Permits were also down by 4%. (5) Economists had expected better numbers. Senior economist, Andrew Grantham, at CIBC Capital Markets told MarketWatch that the decline is probably the result of material shortages such as lumber, and possibly labor as well.That decline didn’t hurt builder confidence. The National Association of Homebuilders reports that the monthly index held steady in May. (6) Although builders face challenges, the NAHB says that builders remain confident about the strength of the housing market.Mortgage RatesMortgage rates returned to that 3% level this last week. Freddie Mac says the average 30-year fixed-rate mortgage was up 6 basis points to exactly 3%. The 15-year was up 3 basis points to 2.29%. (7)In other news making headlines...Rent Growth Speeds UpRent growth sped up in March to its fastest pace since the beginning of the pandemic. Realtor.com says the median rent in the 50 biggest metros was up 2.7% year-over-year. Before COVID-19, the annual rate was 3.2%. (8)Realtor.com says that two-bedroom units are seeing the most growth. They were up 5.2% annually. The website’s chief economist, Danielle Hale says: “If the trend continues, renters could expect to be paying pre-pandemic rates by as early as this fall.”Tech hubs still have a ways to go because rents were high, and they fell the most as employees worked remotely from less expensive areas. But tech companies are announcing return-to-office plans, so rents in the tech hubs are starting to turn around.Median Home Price Hits New HighRedfin is reporting a new high for the median home price. According to its researchers, the national median home price hit $370,528 in April. That’s a 22% increase from a year earlier. (9)That percentage may be somewhat skewed because people weren’t buying many homes in April of last year, but Redfin’s chief economist, Daryl Fairweather says that the tight inventory will keep those prices climbing. She says it’s going to take years for builders to catch up and the housing boom is far from over. In April, for-sale homes only spent an average of 19 days on the market. Redfin says that 49% of them sold for more than the asking price. Both are new records.California Home PricesThe national home price numbers pale in comparison to California. NAR says the median there has flown past $800,000 for the very first time. (10) The new median home price for California is $813,980.That’s up 7.2% from March and it’s up 34% from the previous year. Again, that year-over-year percentage is probably skewed because of the pandemic lockdown. Prices Rise in Opportunity ZonesThe housing boom is also adding value to opportunity zones. Those are federally designated areas that need the help of investors. In exchange for long-term opportunity zone investment, they will get tax breaks. The program was approved as part of the Tax Cuts and Jobs Act of 2017.According to ATTOM Data Solutions, two-thirds of those areas have seen home price growth of at least 10% in the first quarter of this year. (11) Prices are still much lower than the rest of the nation. Researchers say that about 43% of the zones have median home prices that are less than $150,000. But the percentage is going down. A year ago it was 50%.You’ll find links to the stories and reports I’ve referenced in this podcast at www.NewsForInvestors.comLinks:1 - https://home.treasury.gov/news/press-releases/jy01932 - https://www.marketwatch.com/story/u-s-unemployment-claims-continue-to-set-pandemic-lows-11621514795?mod=economy-politics3 - https://www.cnbc.com/2021/05/21/states-ending-unemployment-offering-a-return-to-work-bonus-up-to-2000.html4 - https://www.marketwatch.com/story/existing-home-sales-fall-for-third-straight-month-as-inventory-constrain-hamper-the-housing-market-116216069285 - https://www.marketwatch.com/story/construction-on-new-homes-retreats-as-builders-grapple-with-supply-chain-headaches-11621342845?mod=economic-report6 - https://www.marketwatch.com/story/home-builder-confidence-remains-strong-but-buyers-should-expect-rising-prices-11621260739?mod=economic-report7 - http://www.freddiemac.com/pmms/#8 - https://magazine.realtor/daily-news/2021/05/20/rents-post-largest-uptick-since-covid-19-onset9 - https://www.housingwire.com/articles/home-prices-rapidly-climbing-toward-375000/10 - https://www.wealthmanagement.com/sfr/california-home-prices-shoot-past-800000-first-time11 - https://magazine.realtor/daily-news/2021/05/20/prices-surge-in-opportunity-zones12 - https://magazine.realtor/daily-news/2021/05/20/buyers-go-to-crazy-extremes-to-win-a-home

Let's Pod This
Money for Nothing (and Tax Cuts for Free)

Let's Pod This

Play Episode Listen Later May 21, 2021 50:54


It's the second-to-last week fo session AND our first in-person recording in over a year. Needless to say, we're excited about those things. About those things, at least, but we are much less excited about the tax cuts, special interest credits, and other bad bills that were passed into law this week. Support this podcast

The Dori Monson Show
Hour 1: Biden's new tax cuts

The Dori Monson Show

Play Episode Listen Later May 17, 2021 34:09


12PM - The Big Lead // Biden's new tax cuts // GUEST: Local landlord Rob hasn't been paid in a year; tenants owe him thousands in back rent // Chelsea Handler says Moderna made her deaf in one ear // Vaccine song See omnystudio.com/listener for privacy information.

The Best Storyteller In Texas Podcast
Getting to Know Kent Hance

The Best Storyteller In Texas Podcast

Play Episode Listen Later May 10, 2021 18:57


In this episode: Even as a small-town boy, Kent Hance was more interested in making history than learning it - a mindset that upset his high school civics teacher until he did it. From authoring Reagan’s historic tax cut to working and traveling around the globe, Hance skillfully made his mark. However, his skills of diplomacy are challenged when a high-ranking Chinese official offered him a delicacy that he wished he could have refused.

The Wise Investor Group - Baird
The times they are a changin'...

The Wise Investor Group - Baird

Play Episode Listen Later May 9, 2021 42:23


Ann discusses the change to financial planning behavior that has come about after the passage of the SECURE Act and the Tax Cuts and Jobs Act. She also reviews some of the proposed new legislation that could result in further changes. 

Cross-border tax talks
Behind the scenes: a tax policy discussion with Chip Harter

Cross-border tax talks

Play Episode Listen Later May 5, 2021 28:27


Doug McHoney (PwC's US International Tax Services (ITS) Leader) and Chip Harter (Senior Policy Advisor in PwC's Washington National Tax Services Practice and former Deputy Assistant Secretary for International Tax Affairs in the Office of Tax Policy at the US Department of the Treasury) discuss Chip's experiences at Treasury and the latest outlook for tax policy.  Doug and Chip cover: Chip's involvement in the review and publication of IRS regulations and the role of Treasury officials in the regulations' process; Chip's involvement in the Tax Cuts and Jobs Act (TCJA); Chip's thoughts on the global intangible low-taxed income (GILTI) regime and his reaction to the interplay of the foreign tax credit regime and GILTI; the history and recent updates to the GILTI high-tax exception; and the prospects for a 'true' global minimum tax and the outlook for agreement on the OECD's base erosion and profit shifting (BEPS) project.

The Sean Hannity Show
Tax Cuts vs. Rescue Checks

The Sean Hannity Show

Play Episode Listen Later Mar 22, 2021 96:11


Governor Jim Justice of West Virginia is here to talk about his effort to change the state laws on personal income tax, and eliminate this for the people of West Virginia is big news. Governor Justice would be the first to do this in the mid-Atlantic and with Biden’s decisions to tank the American economy. What's better, real growth or more government handouts? The Sean Hannity Show is on weekdays from 3 pm to 6 pm ET on iHeartRadio and Hannity.com. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com