Episode 96: Would My Taxes Go Up If Biden Becomes President?

Are your taxes going up if Biden gets elected? David talks through some of the numbers and examples of how his tax plan could impact you.

 

Read more and get additional financial resources here: https://coveryourassetskc.com/episode-96-would-my-taxes-go-up-if-biden-becomes-president/ 

 

What we discuss on the show: 

0:40 - Will my taxes go up if Biden is elected?

2:01 - What do people typically fear will happen if Biden is elected?

5:24 - What will happen to the taxes of people not in the top 2 percent?

8:00 - David shares a client example of inherited money for a retired couple and their taxes.

11:03 - What is the stepped up cost basis?

14:40 - What should you plan for?