Full disclosure, many of these proposals will never come to fruition. However, it is election time, so why not have some fun with this?
I spent a lot of time digging into each candidate’s tax proposals, as well as the potential impact to you, PFR Nation.
Let me be clear, this is not an endorsement for either candidate, nor is it a recommendation to make changes based on these hypothetical proposals.
However, tax changes will inevitably impact all of us, so it’s important to understand what each candidate is proposing. Furthermore, I would note that I am not going to vote solely based on tax proposals, but it’s a pretty big deal to me personally and professionally.
The topics I’ll hit on are in regards to:
- Business Taxes/Corporate Taxes
- Capital Gains and Dividends
- Credits, Deductions, Exemptions
- Estate and Wealth Taxes
- Excise Taxes
- Individual Income taxes
- Social Security and Medicare
- Tariffs and Trade
I recognize there are MANY more tax proposals in the mix, but I wanted to focus on the ones that will impact PFR Nation the most.
So, without further ado, I hope you enjoy this episode.
Kevin
Resources Mentioned:
- Tracking 2024 Presidential Tax Plans
- Tariff Tracker: Tracking the Economic Impact of the Trump-Biden Tariffs
- Why the Economic Effects of Taxes (Including Tariffs) Matter
- The Unpleasant Arithmetic of Kamala Harris’s Housing Plan
- Congressional Budget Office Shows 2017 Tax Law Reduced Tax Rates Across the Board in 2018
- Who Bears the Burden of the Corporate Income Tax?
- No Tax on Tips: An Answer in Search of a Question
- Neighbor to Neighbor Disaster Relief Fund
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