376: Alarming Tax Changes Can Hurt You with Tom Wheelwright and Damion Lupo
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 20 December 2021
⏱️ 47 minutes
🧾️ Download transcript
Summary
Tax The Rich. Learn how this theme is gaining traction in Congress.
Wealthability’s Tom Wheelwright joins us.
Which taxes make sense: property tax, consumption tax, flat income tax, progressive tax?
In Tom’s opinion, learn why flat taxes will never happen.
Oh no! A new 3.8% net investment income tax on business owners appears likely.
Will the 1031 Exchange benefit survive?
Next, The eQRP Company’s Damion Lupo joins us.
He tells us that the Checkbook IRA has been outlawed.
The eQRP is the retirement plan answer. It has: 10X the contribution limits of Traditional and Roth IRAs, zero UBIT tax, and you can invest in real estate, bitcoin, gold, or your own business.
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Show Notes:
Tom Wheelwright’s Wealthability:
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By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel.
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Transcript
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| 0:00.0 | Welcome to GRE. I'm your host, Keith Weinhold, some concerning and alarming tax changes. Some are on the way and others are newly here. On a highly informative episode, I talked with two experts on these new tax laws. They explain them in a simple and understandable way and how they're going to affect you. Importantly, learn how you can legally and |
| 0:21.7 | permanently avoid and reduce these new tax burdens today on get rich education. |
| 0:29.9 | Checkbook IRAs have been ruled illegal by the U.S. Tax Court. With contribution limits 10 times |
| 0:36.1 | with traditional and Roth IRAs allow, get total |
| 0:38.4 | control of all of your IRA funds without paying the nasty Ubit tax with the retirement plan |
| 0:43.7 | answer left standing, the EQRP. You can invest your retirement funds in real estate, gold, |
| 0:49.7 | Bitcoin, and even your own business, this works whether you're a solopreneur or have up to 50 employees. |
| 0:55.9 | Learn more about getting started. |
| 0:57.4 | Text EQRP in all caps to 72,000. |
| 1:02.3 | The annual Spartan Summit is on. |
| 1:05.5 | I was the kickoff speaker at the last event. |
| 1:07.5 | This year they are back in person person and the keynote speaker is none other |
| 1:11.3 | than Shark Tank's Damon John. Learn from industry experts on real estate, tax strategy, |
| 1:16.6 | lending, and entrepreneurship. You'll also get to tour tangible turnkey income property |
| 1:21.6 | in growing Alabama markets. It's coming February 16th to 18th in Birmingham, Alabama. |
| 1:28.0 | Get your ticket or learn more at Spartaninvest.com today. |
| 1:34.6 | You're listening to the show that has created more financial freedom than nearly any show in the world. |
| 1:42.0 | This is Get rich education. |
| 1:57.5 | Welcome to GRE from Canberra, Australia to Canmore, Alberta, and across 188 nations worldwide. |
| 2:03.8 | You're listening to one of America's longest running and most listened to shows on real estate and investing. |
| 2:10.9 | I'm Keith Weinhold. |
| 2:11.8 | This is Get Rich Education here in our eighth year of weekly wealth building shows, |
... |
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