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Episode 16 – Immediate Tax Increase Being Planned

Under the new Administration, there are proposed tax increases under review in Washington, and it’s beneficial if you understand them sooner rather than later! 

In this episode, Barry Watts and Eric Burlison discuss various proposals that have been presented by the Biden Administration that could potentially increase your taxes. Barry and Eric highlight three of these proposals and help you understand just what they mean and how you can prepare for these changes.  

In this episode we discuss:

  • The elimination of the step-up basis 
  • How Social Security will be impacted by these proposed increases
  • How taxes will increase for corporations and high-earning individuals
  • What the changes could mean for the country and you 
  • And more!

Tune in now to understand current tax proposals and how you can prepare for them. 

Resources: SavingYouTaxes.com | J. Barry Watts | Eric Burlison