Powerful Tax Benefits on Election Day

<p>CORRECTION!!!</p> <p>"LONG-run" should have been "SHORT-run"</p> <p>for capital gains taxes which have always</p> <p>been higher for holding something for</p> <p>one year or less.</p> <p><br></p> <p>11/14/2020 UPDATE:</p> <p><a href="https://www.taxpolicycenter.org/sites/default/files/publication/160472/an_updated_analysis_of_former_vice_president_bidens_tax_proposals_11-6-20_correction_1.pdf">ANALYSIS of Biden Tax Proposals PDF</a></p> <p>by the <a href="https://www.taxpolicycenter.org/">Tax Policy Center</a> Non Profit shows</p> <p>increased taxes on $400K or more earners</p> <p>via multiple tactics incl. capital gains tax,</p> <p>estate tax, social security payroll tax, etc.</p> <p>and the good news is that the estimated</p> <p>effective date might be Jan 1st, 2022 so</p> <p>maybe we can do another update in 2021?</p> <p><br></p> <p>11/13/2020 UPDATE:</p> <p>The Senate Democrats have taken a majority</p> <p>and the House Republicans are one seat away</p> <p>from a majority so CORRECTION!!! There was</p> <p>NOT a Blue Wave as assumed during recording,</p> <p>hopper makes mistakes and learns from then.</p> <p><br></p> <p>hopper covers tax benefits,</p> <p>strategies, tactics &amp; write-offs:</p> <p>paying no taxes, less taxes</p> <p>and finally some taxes...</p> <p><br></p> <p>hopper is NOT a financial advisor and</p> <p>under the 1st Amendment Freedom of Speech</p> <p>this podcast is for educational &amp; entertainment</p> <p>purposes ONLY as this podcast is Ad-Free not for profit</p> <p><br></p> <p>This episode's cover art is owned by <a href="https://www.irs.gov/">Internal Revenue Service</a></p> <p>under fair use for commentary ONLY as this</p> <p>episode is Ad-Free not for profit</p> <p><br></p>