The One Big Beautiful Bill: How the Biggest Tax Cuts in History Affect You | Amanda Han E373

The Rich Somers Report

Rich Somers

Business, Entrepreneurship, Investing

5 • 910 Ratings

🗓️ 17 July 2025

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

Biggest tax cuts in U.S. history? They're here—and they don’t just help the rich. In this episode, Rich brings back elite tax strategist Amanda Han to break down the “One Big Beautiful Bill,” a sweeping new law packed with tax benefits for business owners, real estate investors, W-2 workers, gig economy pros, and everyone in between. From 100% bonus depreciation to tax-free overtime, this might be the most important episode you hear before the end of the year. They dive into: How real estate ...

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0:00.0	Yeah, what I love about the One Big Beautiful Bill is unlike a lot of other bills historically
0:04.4	where really, you know, emphasis big corporations or specific industries.
0:10.4	The One Big Beautiful Bill really encompasses benefits for all types of people, right?
0:14.3	You got a gig worker earning tip income.
0:16.8	You have just regular W2 workers working overtime.
0:19.4	You know, overtime bill.
0:20.8	The new bill also includes tax-free overtime income up to 12,000 for individuals,
0:25.7	25,000 for a married couple.
0:27.7	So same concept, you know, working hard.
0:30.2	Don't have to pay that much in tax. All right, guys, welcome to another episode of The Report, and I got a repeat guest.
0:46.9	I got someone coming on for not the second time, but for the third time.
0:50.7	She is a tax strategist, and we are going to talk so much game.
0:53.4	I got Amanda Hahn. Amanda, welcome back to the show. Yeah, and we are going to talk so much game. I got Amanda Han.
0:54.6	Amanda, welcome back to the show. Yeah, I am so excited to be here. We actually have so much
0:59.5	great new information. Yes, I am very excited. So much to dig into. So much to cover here.
1:05.7	The one big, beautiful bill just dropped July 4th. and we're going to talk about how the biggest tax
1:12.1	cuts, some of the biggest tax cuts in history are going to affect your wallet. And let's just
1:17.4	jump into it. Amanda, first things first, tax benefits more than doubled. A hundred percent
1:22.9	bonus depreciation just came back effective for anything that was put in place after January 20th.
1:30.0	Elaborate on this new tax bill.
1:32.5	Yeah.
1:32.9	Well, in the old law in 2025, we also had bonus appreciation, but we were only able to
	...

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