Join Tom Wheelwright as he discusses how the massive tax law changes will impact you and
your business in 2025 with guest and Senior Analyst, Garrett Watson.
Garrett Watson is Director of Policy Analysis at the Tax Foundation, where he conducts
research on federal and state tax policy. His work has been featured in the Washington Post,
The Atlantic, Politico, the Associated Press and other major outlets.
In this episode, discover how the process works so you can plan accordingly, how we may
navigate the deficit, and what policymakers in Congress are considering for their legislative
package in 2025.
Order Tom’s book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You
to Make” at: https://winwinwealthstrategy.com/
00:00 - Intro.
02:20 - Will tax reductions actually generate growth?
06:11 - 2017 vs. 2025: Tax Growth & Tax Reduction Projections
14:04 - Investment or consumption?
20:25 - Extending the 2017 Law
24:51 - Investment Provisions
28:45 - Corporate Tax Rate Deduction
32:41 - State Local Tax Deduction
39:19 - Taxing Tips
44:44 - Other Taxes
51:36 - ERTC
Tom Wheelwright, #CPA is a Best-Selling Author, Entrepreneur & Worldwide Authority on Tax.
https://wealthability.com/tom/
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PODCAST: WealthAbility®
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Resources
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Tom’s Book: Tax-Free Wealth https://taxfreewealthbook.com
Visit WealthAbility® https://wealthability.com/
Sign up for Tom’s Free Weekly Report https://wealthability.com/getreport/
Schedule A Call With My Team https://wealthability.com/schedulecall/
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Social Media
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Looking for more on Garrett Watson?
Website: taxfoundation.org
DISCLAIMER: WealthAbility® does not provide tax, legal or accounting advice. The materials
provided have been prepared for informational purposes only, and are not intended to provide
tax, legal or accounting advice. The materials may or may not reflect the most current
legislative or regulatory requirements or the requirements of specific industries or of states.
These materials are not tax advice and are not intended or written to be used, and cannot be
used, for purposes of avoiding tax penalties that may be imposed on any taxpayer. Readers
should consult their own tax, legal and accounting advisors before applying the laws to their
particular situations or engaging in any transaction.
