11:24 So basically, all these changes are affecting millionaires. I feel millionaires should pay their fair share. They always have tax loopholes that the regular Tim doesn't have. So regular Tim ends of paying more in taxes than millionaires. I say yes, change it.
Tax law changes always start with going after the millionaires in mind but the IRS always goes after the regular Tim, because the IRS will actually go after 1099 dba self employed mainly because the high earners have CPA's and Tax Attorneys that represent them. So either way it gets trickled down to the common man trying to get ahead.
@@johnwalker6049 Exactly. But people (like the first comment in this thread) don’t get it and are calling for more taxation on the millionaires & billionaires, when they actually pay the most taxes than anyone else.
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They need to give some tax credits to single people with no kids. We are forced to pay more and pay for schools in our home taxes. That's not fair.
Don’t change the 1031 tax exchange!!
😢 please 🙏 don’t get rid of the 1031!!!!
Interesting will share and review.
All these changes, If it’s not broke don’t fix it…
11:24 So basically, all these changes are affecting millionaires. I feel millionaires should pay their fair share. They always have tax loopholes that the regular Tim doesn't have. So regular Tim ends of paying more in taxes than millionaires. I say yes, change it.
Tax law changes always start with going after the millionaires in mind but the IRS always goes after the regular Tim, because the IRS will actually go after 1099 dba self employed mainly because the high earners have CPA's and Tax Attorneys that represent them.
So either way it gets trickled down to the common man trying to get ahead.
@@johnwalker6049
Exactly.
But people (like the first comment in this thread) don’t get it and are calling for more taxation on the millionaires & billionaires, when they actually pay the most taxes than anyone else.
@@johnwalker6049 Aw, but you'll upset the envious if you talk like that.
Great content
Can we truly believe Biden or Trump?😂
Fidel Castro would be so proud of Ol' Joe
I know you dont like to get political and i do apologize but am i the only one that sees this as an attempt to deminish the middle class? 🤔