Election-Driven Tax Changes: Impact on Your Estate and Investments
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Election-Driven Tax Changes: Impact on Your Estate and Investments
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Description
Tune into the latest episode of the Kin & Capital podcast, where we dive deep into potential tax changes and estate planning ahead of the upcoming election. 🏛️💼🎙️ In "K&C...
show moreIn "K&C Show 10," Marc Killian leads an insightful discussion with guests Tony Hayes, and CFP Amanda Hayes-Blocksom on critical financial matters that might impact your future.
Here are 3 key takeaways you won't want to miss:
🔍 Potential Tax Changes:
- Corporate tax rate could rise from 21% to 28%.
- Taxes on capital gains and dividends could surge to 44.6%.
- Increases in taxes on stock buybacks, Medicare tax, and potential excise taxes on electricity and energy are on the horizon.
- Proposals to lower the estate tax exemption threshold from $13.610 million to $3.5 million.
- Introduction of the American Housing and Economic Mobility Act of 2024 with a $500+ billion spend to build 3 million new housing units, financed through estate tax reform and more.
- Discussions on possible interest rate cuts by the Fed in September and their impacts on the housing market and mortgages.
- Insight into market volatility, potential labor strikes in Canada, and smart money moves amid changing policies.
#TaxChanges #EstatePlanning #FinancialPodcast #Investing #WealthManagement #EstateTax #MarketVolatility #Election2024 #FinancialPlanning #PodcastRelease
Information
Author | Amanda Hayes-Blocksom CFP |
Organization | Amanda Hayes |
Website | - |
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