2024 Proposed Tax Policy Grab Bag (Part 2)

Part 2 of the Proposed Tax Policy Grab Bag delves into the potential repercussions of proposed tax legislation that could significantly impact wealth creation and financial mobility, particularly for middle-class individuals and small business owners.

Travis and Steve discuss how changes to capital gains taxes, eliminating the step-up basis at death, and increased taxes on stock buybacks could lead to double taxation and hinder economic growth.

They emphasize the importance of understanding these complex tax policies, as they may affect not only those in high-income brackets but also everyday Americans striving for financial stability.

Their conversation highlights the need for vigilance and proactive financial planning in light of these legislative changes, which could have long-lasting effects on future generations. By unpacking these intricate issues, they hope to empower you to navigate the evolving financial landscape and make informed decisions about your money.

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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

00:00 - Introduction
00:24 - Continuing the Tax Policy Discussion
03:06 - Understanding 1031 Exchanges
09:08 - The Cost Basis Step-Up Explained
21:33 - Potential Double Taxation Issues
38:31 - Impact of Proposed Tax Policies
46:54 - Conclusion and Final Thoughts