Long Story Short Tax Bills, Market Breadth & When to Actually Worry About Your Portfolio | Ep 3
Jul 3, 2025
Discover the intriguing ins and outs of the latest tax bill and its potential impacts on estate tax exemptions. Dive into the perplexing world of government debt and how geopolitical tensions, particularly in the Middle East, influence market behaviors. Learn about the crucial concept of market breadth and why it matters in your investment strategy. Plus, uncover how stress can impair decision-making and when you should realistically adjust your portfolio risk. It's a captivating mix of finance and psychology!
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Tax Rates Likely Extended
- Both House and Senate tax proposals largely preserve current TCJA rates and promise continuity for taxpayers.
- Key shared provisions include a higher estate tax exemption and continued pass-through deductions that matter to high-net-worth clients.
Estate Exemption And QBI Preserved
- Both bills raise the estate tax exemption to roughly $15M per person, easing estate planning concerns for wealthy families.
- The QBI pass-through deduction also survives, preserving important tax benefits for business owners.
SALT Is A Key Split
- SALT repeal choices diverge: the House raises the cap substantially while the Senate keeps the $10k limit.
- Which version survives will materially affect itemizers in high-tax states.
