If the recent tax proposals were to pass, how would it affect your financial plan? Some things we may want to look out for include changes in capital gains and Roth conversions. Phil talks about who could be most impacted if these proposals became a reality.
Read and get additional financial information: https://philstaxhacks.com/podcast/ep-103-what-do-you-need-to-know-about-the-recent-tax-proposal/
What we discuss today:
0:12 - Let’s talk about tax proposals in Congress.
3:23 - How could job creation be impacted?
6:23 - How will this affect your retirement?
8:17 - Numbers seem to be going back to Obama-era taxes.
9:57 - What are the possible changes for capital gains?
12:20 - What other provisions may happen?