This episode into the controversial proposal of taxing unrealized capital gains, a measure that could have far-reaching consequences for individuals and the economy at large.
Hosts Steve Campbell and Travis Maus break down the implications of such a tax, emphasizing that it not only targets the ultra-wealthy but could also negatively impact everyday Americans.
They discuss how taxing assets that have not been sold creates a precarious situation where individuals might be forced to liquidate holdings to pay taxes on hypothetical gains, potentially destabilizing markets and affecting job security. The conversation highlights the ripple effects of such policies, illustrating how they could lead to diminished investment returns and economic uncertainty for all.
By examining real-world scenarios and economic principles, the hosts aim to equip listeners with a clearer understanding of the risks associated with these proposed tax changes.
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Thanks to our sponsor, S.E.E.D. Planning Group! S.E.E.D. is a fee-only financial planning firm with a fiduciary obligation to put your best interest first. Schedule your free discovery meeting at www.seedpg.com
You can watch all episodes, as well as other great content produced by NQR Media through their YouTube channel at https://youtube.com/@NQRMedia
📧 For more information or to get in touch with us, visit https://www.ditchthesuits.com
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About Your Co-Hosts:
Travis Maus has been in financial services for over fifteen years. He is a Senior Wealth Manager and Chief Executive Officer at S.E.E.D. Planning Group.
Steve Campbell has over a decade of experience in the industry and serves as Chief Brand Officer at S.E.E.D. Planning Group.
Chapter Markers
00:08 - Welcome to Ditch the Suits
00:47 - Diving Into Income Tax Legislation
03:41 - Understanding Unrealized Capital Gains
04:01 - The Nightmare of Taxing Assets
02:56 - Impact of Taxes on Everyday Americans
04:15 - Consequences of Implementing Unrealized Gains Tax
15:10 - Real-World Examples of Tax Implications
32:50 - How Raising Taxes Affects Everyone
35:17 - Final Thoughts on Taxes and Financial Planning
