Biden & Trump Tax Plan Comparison
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Policies around real estate and taxes aren\\u2019t always sexy, which is why you won\\u2019t see much about them in the mainstream media. Get the scoop on Trump and Biden\\u2019s tax proposals, learn what they really mean, and see the side-by-side comparison in today\\u2019s episode. Follow along with this resource and hear how these plans could impact your investments, bank account, business, and future.\\xa0
Please subscribe to this podcast in iTunes, in the Podcasts App, on YouTube, and on Rumble\\u2014and never miss a beat from Leigh by following her on\\xa0Instagram. As always, if you need a rockstar REALTOR\\xae who is involved in political advocacy, homeownership rights, and is\\xa0always\\xa0in the know, call on this girl at\\xa0leigh@leighbrown.com
Time Stamped Show Notes:
- 00:20 - Introducing today\\u2019s topic: Biden & Trump Tax Plan Comparison
- 00:45 - Social media and the news tend to focus on policies that aren\\u2019t always the ones that matter in real estate
- 01:40 - Individual Tax Rates
- 03:15 - Capital Gains
- 04:00 - Some Leigh Brown opinions
- 05:12 - Pass-Through Business Income
- 05:40 - What pass-through businesses\\xa0
- 06:05 - Real Estate Provisions
- 06:15 - A breakdown of Biden\\u2019s 3 proposed changes and their impact
- 08:10 - Stepped-Up Basis
- 08:20 - What Biden\\u2019s proposed change means\\xa0
- 09:25 - Carried Interest
- 09:55 - Corporate Tax Rates
- 10:15 - Why corporations don\\u2019t need a tax hike right now
- 10:50 - Payroll Taxes
- 11:30 - Housing
- 12:15 - What Leigh likes about low-income housing tax credits
- See the side-by-side comparison HERE
3 Key Points
- We don\\u2019t need to raise taxes right now.\\xa0
- Money flows where it\\u2019s least hampered.\\xa0
- Do your research; this all impacts YOU.