116: Trump’s Tax Plan featuring Tom Wheelwright
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 30 December 2016
⏱️ 45 minutes
🧾️ Download transcript
Summary
#116: Rich Dad Advisor Tom Wheelwright says that the U.S. could become a tax haven.
We discuss other potential tax changes that President-Elect Donald Trump will make.
Keith also recaps what happened in financial markets this year: real estate, stocks, gold, inflation, dollar index, interest rates and more.
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Listen to this week’s show and learn:
01:42 This year: real estate up, stocks up, gold & silver up, dollar index even, interest rates up, inflation up, autonomous cars hit streets, Chinese yuan into IMF, Brexit, Trump election.
06:36 Robert Kiyosaki and Harry Dent predictions.
09:48 Donald Trump parallels with Ronald Reagan. No individual income tax reform in first term.
12:53 Tax rates won’t go up next year. Oil & gas tax benefits will be retained or expanded.
14:11 Carried interest.
17:59 Trump’s company lobbied for the “real estate professional” tax designation.
21:28 Limit on itemized deductions coming?
23:32 Expect U.S. corporate taxes to be lowered down from 35%.
28:25 Trump wants a 15% “business tax rate.” Amnesty.
30:03 Why is the U.S. successful with such high corporate tax rates?
31:10 Tom Wheelwright: The U.S. could become a tax haven!
32:37 How will we pay for tax reduction? Not growth, but even more debt.
34:08 Financial crash implications.
36:52 Here’s how you can act now.
40:37 Keith: Let’s lower tax rates, and increase the number of taxpayers.
Resources Mentioned:
TaxFreeWealthAdvisor.com or 866-467-5809
Transcript
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| 0:08.7 | Cash flow real estate investors. This is Get Rich Education's Keith Weinhold. Did you know that you can finance up to 35 income properties all with one lender? |
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| 0:49.1 | Welcome to Get Rich Education with Keith Weinhold, giving you information and ideas on the investment that has turned more ordinary people into millionaires and billionaires than anything else, and can provide you with more wealth and happiness than you ever thought possible. |
| 1:09.6 | Now, here's your host, investor, entrepreneur, |
| 1:13.6 | business owner, and educator, Keith Weinhold. |
| 1:20.3 | Hey, welcome to GRE. This is Get Rich Education episode 116. I'm your host, Keith Weinhold, |
| 1:26.8 | and this is the last episode of the year. |
| 1:30.0 | We're going to talk with Tom Wheelwright about Donald Trump's tax plan today and how that |
| 1:34.9 | affects you as both a citizen and you as a real estate investor. |
| 1:40.5 | And, well, before we look ahead, let's look at the last 12 months that have brought us to the present day here at year end. |
| 1:48.1 | Real estate prices nationally have seen very healthy growth this year. |
| 1:52.6 | The K-Shiller 20-city housing price index, yes, it has some limits in its usefulness, but as a gauge, real estate prices are up 5.1% year over year, |
| 2:04.8 | and that's for the latest quarter ended, which was back to September 30th. |
| 2:08.9 | And I sent you all those stats in a recent newsletter so that you could see the city-by-city |
... |
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