Discussion: Biden's Updated Tax Plan Proposal with Kyle Lynch, CPA
Update: 2021-09-24
Description
Biden's recent Tax Plan Proposal contains many changes that will impact high-income earners. In this episode, Kyle Lynch from Clover Hill CPA joins Nick to discuss key takeaways from the proposal and timely action items to consider before year-end. Kyle also explains the strategy of the "Backdoor Roth" contribution, a strategy that has the potential of being eliminated from this proposal.
Other items discussed: updates to capital gains rates, income tax rates, backdoor Roth and Roth conversions.
Schedule your free 30-minute consultation at OneDayAdvice.com or by emailing us at hello@onedayadvice.com.
Visit CloverHillCPA.com to learn more about Kyle's tax practice.
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit nickreilly.substack.com
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