I Dug Into Kamalas New Unrealized Capital Gains Tax, And Heres What I Found... | 1336

Epic Real Estate Investing

Matt Theriault

Education, Business, Investing, How To

4.8 • 955 Ratings

🗓️ 28 August 2024

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this eye-opening episode, we dive into the controversial 25% minimum tax on unrealized capital gains, championed by Kamala Harris and integrated into Biden’s March budget. While initially aimed at ultra-wealthy investors, this proposal has the potential to shake up the financial landscape for everyone. Join us as we dissect the mechanics of this new tax, exploring how it could reshape investment strategies and challenge financial freedom. We’ll uncover the far-reaching consequences for younger investors and examine historical precedents that suggest this could eventually affect the middle and lower classes as well. We also address the broader economic implications, including potential increases in costs and job losses. This episode is a must-listen for anyone concerned about their financial future and looking for insights on navigating these turbulent changes. Tune in to stay informed and explore alternative investment strategies to safeguard your financial well-being. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Terrio Media.
0:05.0	Hey, strap in.
0:07.0	It's time for the epic real estate investing show.
0:10.0	We'll be your guides as we navigate the housing market, the landscape of creative financing strategies
0:15.2	and everything you need to swap that office chair for a beach chair.
0:18.8	If you're looking for some one-on-one help, meet us at reI-A-S-C-C-C-C-C-C-O. Let's go, let's go.
0:27.0	Let's go.
0:28.0	All right, they're back at it. There's an alarming proposal circulating with surprising support. Progressive reform like this. alarming could fundamentally turn your financial future upside down if
0:44.0	Kamala gets her way investing as we know it will be dead and not just for the
0:48.9	wealthy like they're telling you see what's being proposed as a tax for the ultra wealthy will affect everyone.
0:55.4	We've seen it before more than once and I've got the receipts but this is more
1:00.0	than just a tax proposal. It's a massive power grab that threatens financial freedom as we know it.
1:06.5	No, the idea of taxing unrealized capital gains surfaced a few years ago by the
1:12.1	chair of the Senate Finance Committee, Ron Wyden of Orget,
1:16.3	which raised some eyebrows, and then those eyebrows were further raised by senators and Wall
1:22.4	Street investors when the then new US
1:25.0	Treasury Secretary Janet Yellen during her confirmation hearing expressed
1:29.2	support for this proposal in the interest of boosting government revenues. It didn't get very far and many
1:35.0	simply forgot about it but this administration they're relentless about getting into your
1:39.8	pockets and controlling your life and it's all back on the table.
1:44.0	Turns out they didn't forget.
1:46.0	So here's the thing.
	...

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