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In this video, we explore the potential tax implications of President Trump’s proposed policies as he prepares to take office as the 47th President.
We delve into key provisions from the Tax Cuts and Jobs Act (TCJA) of 2017, including reduced tax brackets, the introduction of the 20% deduction for passthrough businesses, and the $10,000 cap on state and local tax deductions.
Additionally, we cover the SALT limitation and other tax considerations that could influence individual and business finances. Stay tuned to learn how these policies could affect your financial future and what steps you can take to stay ahead.
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Show Notes:
0:00 Intro
2:18 Estate Tax
4:28 SALT Limitations
5:34 Social Security Income
6:48 Overtime Pay
9:12 Paid Interest on Auto Loan
10:31 Domestic Business Tax Rate
11:50 Tariffs
17:40 Child Tax Credits
20:00 Final Notes
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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
#trump #tariffs #trumptaxes #taxproposal #taxplan
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