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How much is at stake with the U.S. Government shutdown? How will this impact taxpayers further down the road? Join Tom Wheelwright as he explores the cause of the government shutdown and what to prepare for with his guest, President of the National Taxpayers Union, Pete Sepp.
As President, Pete Sepp leads the non-profit, non-partisan National Taxpayers Union's (NTU's) government affairs, public relations, and development activities. Pete has written and edited numerous policy papers, informational publications, and activist manuals, as well as studies on topics such as Congressional perquisites, citizen-initiated tax revolts, antitrust and competition regulation, and Pentagon spending. Pete has appeared on every major television network, and regularly provides interviews and commentaries to cable channels such as CNN, CNBC, and the Fox Business. He is a frequent guest on radio programs from coast-to-coast, and has been widely featured in print media, including The New York Times, the Chicago Tribune, U.S. News & World Report, The Washington Post, The Wall Street Journal, USA Today, Forbes, and Money Magazine.
In this episode, explore how these changes directly affect small business owners and what entrepreneurs should begin doing now to prepare for next year's filing season.
Order Tom's book, "The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make" at: https://winwinwealthstrategy.com/
00:00 - Intro.
02:14 - What are the Democrats looking for?
08:37 - Rampant inflation.
12:14 - Shutdowns are always about taxes.
15:08 - Social Security System.
20:00 - Medicaid.
24:28 - Who gets the <$600,000 credit?
29:00 - Medicare: What's Preventing a Solution?
32:35 - Entrepreneurs & Next Year's Filing Season
38:00 - What Entrepreneurs Should Do Now.
40:47 - Closing Statements.
More on Pete Sepp:
Website: www.ntu.org/
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ABOUT US:
Tom Wheelwright is the founder and CEO of WealthAbility and TFW Advisors, a leading authority on tax strategy and wealth building. He is the best-selling author of Tax-Free Wealth and a trusted advisor to Robert Kiyosaki. As a world class CPA, Tom is dedicated to empowering entrepreneurs and investors to reduce their tax burden and achieve financial freedom. He currently resides in Phoenix, Arizona.
DISCLAIMER:
WealthAbility® does not provide tax, legal or accounting advice. The materials provided have been prepared for informational purposes only, and are not intended to provide tax, legal or accounting advice. The materials may or may not reflect the most current legislative or regulatory requirements or the requirements of specific industries or of states. These materials are not tax advice and are not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer. Readers should consult their own tax, legal and accounting advisors before applying the laws to their particular situations or engaging in any transaction.
Nov 20 202534 min