#530 Tax Lawyers Breakdown Harris vs Trump Tax Plan (FULL DETAILS)
Main Street Business
Mark J Kohler and Mat Sorensen
4.8 • 584 Ratings
🗓️ 24 September 2024
⏱️ 42 minutes
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| 0:00.0 | Welcome to the Main Street Business Podcast with your distinguished hosts, Mark J. Kohler and Matt Sorensen. |
| 0:05.5 | Both are best-selling authors and have over 25 years of industry experience with 10,000 client consultations, |
| 0:12.3 | making them the leading tax and legal experts in the nation. |
| 0:16.1 | Together, they'll unpack the most complex tax, legal, and financial strategies, |
| 0:20.6 | crucial for saving more, |
| 0:22.1 | stressing less, and building generational wealth. Today, they're your personal advisors. |
| 0:28.1 | Ready to break it down for you and make the tax and legal game easier than ever. Here is Mark and Matt. |
| 0:34.6 | America, in today's video, you're going to have a fair, accurate analysis between the Trump |
| 0:40.2 | and Harris tax fund from two tax lawyers, and you're going to be able to make an informed decision |
| 0:45.5 | on the policies. Can we do that? We are going to stick to the facts about what are the policy |
| 0:50.4 | differences, and how does it matter to you? Is it going to make a difference to you on your |
| 0:55.4 | taxes? Because we want you to make a decision not based on who I like or who has a prettier |
| 1:00.5 | face or an uglier face or has a word salad that sounds wonderful. We want to look at the real |
| 1:07.4 | economic impact it's going to have in your personal life and to the economy as a whole. Yeah, and I think there's winners and losers depending on who you are. Actually, I don't think it's the same winners and losers for each party. Like you can say, I'm all in on this party or I'm all on this party in terms of the tax plan. I think there's different winners and losers. You might have suspicions of who they are. But we're going to break down the tax plan so you know how it may affect you. My name is Mark J. Kohler. This is Matt Sorenz. And we're both bestselling author, senior partners of a law firm for the last 15 years. We've both done 10,000 consultations or more helping small business owners around America. And we want you to trust in our thoughts and |
| 1:45.3 | feelings on this. Yeah, whether you have a family, you're trying to grow and build a business, |
| 1:49.3 | build your wealth, live the American dream. We're going to be focusing on as we go through the |
| 1:53.6 | policies because these tax policies may affect each of those things in your life, the American |
| 1:59.7 | dream, your business, or your family. |
| 2:01.5 | And we're not going to be talking about social impact or immigration. We want to talk about |
| 2:06.9 | Main Street, America, middle income Americans, and what do all these numbers mean? And what likely |
| 2:14.6 | might happen in your bank account? We're not for sure either, but we're going to give it our best shot. Now, before we get into the specific proposals between Trump and Harris, let's talk about where we're sitting right now. The Tax Cuts and Jobs Act is going to be expiring at the end of 2025. No more tax cuts from that Tax Cuts and Jobs Act. So let's break down each one of those that's going to be going away. |
| 2:35.7 | And I think it's important to recognize that that was the largest tax or economic legislation |
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