7 Ways Biden Plans to Tax American Families (Part II), Ep #79
Mark and Derek will continue their discussion on how President Biden plans to tax "the rich" and the not-so-rich. All these taxes keep dipping into the middle class. As the president proposes a six trillion-dollar budget he plans to pay for much of this by raising taxes. Who will be affected? How will these tax increases affect you? What you need to pay attention to as these tax increases are passed?
OUTLINE OF THIS EPISODE
[1:00} Recap the first two plans
[1:20] Number Three: Raise taxes on the step-up inherited property
[7:00] Number Four: Tax Carried Interest Taxed as Ordinary Income
[9:55] Number Five: Like-Kind Exchanges
[12:35] Number Six: Extend the business loss Limitation Rule
[14:24] Number Seven: Increasing Enforcement Activities
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