Wealthy Way How Joe Biden’s Tax Proposals Will Affect YOU... | Ep. 034
Matt Bontrager, my partner at TrueBooks CPA, came on the show to talk about some of the new tax proposals that President Biden is making.
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The first proposal is changing the top tax rate from 37% to 39.6%. There is a proposal for capital gains as well— Matt and I talk about what this means and what a lot of wealthy people will probably do in a situation like this.
Matt and I talk about the possible changes in child tax credit. Matt details exactly what this means. We also talk about the 1031 exchange and what Biden’s proposal could mean for the working class as well as the wealthy.
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About Ryan Pineda:
Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.
Ryan has amassed over 2 million followers on social media and has generated over 1 billion views online. Starting as a minor league baseball player making less than $2,000 a month, Ryan is now worth over $100 million. He shares his experiences in building wealth and believes that anyone can change their life with real estate investing.
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