Get Rich Education 116: Trump’s Tax Plan featuring Tom Wheelwright
#116: Rich Dad Advisor Tom Wheelwright says that the U.S. could become a tax haven.
We discuss other potential tax changes that President-Elect Donald Trump will make.
Keith also recaps what happened in financial markets this year: real estate, stocks, gold, inflation, dollar index, interest rates and more.
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Listen to this week’s show and learn:
01:42 This year: real estate up, stocks up, gold & silver up, dollar index even, interest rates up, inflation up, autonomous cars hit streets, Chinese yuan into IMF, Brexit, Trump election.
06:36 Robert Kiyosaki and Harry Dent predictions.
09:48 Donald Trump parallels with Ronald Reagan. No individual income tax reform in first term.
12:53 Tax rates won’t go up next year. Oil & gas tax benefits will be retained or expanded.
14:11 Carried interest.
17:59 Trump’s company lobbied for the “real estate professional” tax designation.
21:28 Limit on itemized deductions coming?
23:32 Expect U.S. corporate taxes to be lowered down from 35%.
28:25 Trump wants a 15% “business tax rate.” Amnesty.
30:03 Why is the U.S. successful with such high corporate tax rates?
31:10 Tom Wheelwright: The U.S. could become a tax haven!
32:37 How will we pay for tax reduction? Not growth, but even more debt.
34:08 Financial crash implications.
36:52 Here’s how you can act now.
40:37 Keith: Let’s lower tax rates, and increase the number of taxpayers.
Resources Mentioned:
TaxFreeWealthAdvisor.com or 866-467-5809