Trump Tax Cuts? False. Try Tax Increases. - 141

Your Money, Your Wealth

Realestate, Income, Investing, Personalfinance, 401k, Rothconversion, Retirement, Education, Taxes, Socialsecurity, Personalfinances, Finance, Retirementplanning, Investments, Stocks, Business, Roth, Fiduciary, Ira

2.3 • 681 Ratings

🗓️ 20 November 2017

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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Summary

Actual news you can really use about the ever-changing landscape of tax reform, why Trump's promised biggest tax cuts ever are actually a tax increase for many of us, and how it will affect you. Plus, Joe and Big Al have a yarn with Joe’s fair dinkum, true blue, Aussie fine arts painter mate, Pete Tillack, on finding your passions in life, couches at the bottom of swimming pools, and getting thrown out of Christmas parties. (photo of Donald Trump by Gage Skidmore)

Transcript

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0:00.0	Some of these things in the House bill are not that popular with a number of senators.
0:04.8	And I would say this, at least from what I've read, there's not a single Democratic House of Representative or Senator that is in agreement with this in its entirety.
0:13.6	And there are several Republicans that are not so sure either, particularly Republicans that are in California, New York, New Jersey.
0:19.9	Basically, it means this tax cut for a number of taxpayers is actually, it's false. It's actually a tax increase.
0:26.8	This will be the most engrossing, fascinating, and hilarious episode of your money, your wealth you'll ever hear.
0:34.2	Well, okay, maybe not. But it will be some actual news you can really use about the ever-changing
0:39.4	landscape of tax reform, why the promised biggest tax cuts ever are actually a tax increase
0:45.0	for many of us and how it will affect you, those sneaky, sneaky Congress people.
0:50.5	And Joe and Big Al have a yarn with Joe's fair-dinck True Blue, Ozzie Fine Arts Paintermate, Pete Tillack.
0:56.8	On finding your passions in life, couches at the bottom of swimming pools, and getting thrown out of Christmas parties.
1:02.9	Now, here are Joe Anderson, CFP, and Big Al Clopin's CPA.
1:08.5	I guess it's all up in arms right now, Big Gow.
1:10.6	Well, it is.
1:11.5	And I'll tell you, if you follow income taxes at all, and many people do, because that's one of our biggest...
1:18.1	Many, I would say, which is your definition of many.
1:22.0	More than two?
1:23.2	Yes.
1:24.4	Well, let me say it differently.
1:26.2	I think they care about the taxes that they pay.
1:28.3	I think they care about it.
1:29.3	They follow their own tax bill.
1:32.3	Yes, and this week there was so much news on taxes.
	...

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