Trump vs. Harris Tax Plan: Who Is Better For YOUR Taxes? CPA Explains

[@Amberabove]

I am looking for tax efficient way to rebalance my 800k retirement portfolio without triggering capital gain tax. what asset location strategies should i use?

[@wmwoods-l4f]

The best strategy depends on your financial situation, account types, tax bracket, and investment goals. Consult a financial advisor or tax professional to tailor these strategies for maximum tax efficiency.

[@jeffDwyer1]

My advisor helped me rebalance my $2m portfolio without triggering capital gains taxes by using tax-advantaged accounts and reallocating dividends and new contributions. They also recommended tax-loss harvesting and strategies to stay within my tax bracket. Thanks to their guidance, I maintained my desired asset allocation while minimizing taxes.

[@Rachadrian]

I'm worried about my retirement portfolio and could use some guidance. How can I get in touch with your advisor?

[@jeffDwyer1]

Annette Christine Conte is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.

[@Rachadrian]

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@nicolasbenson009]

I don't like taxes purely for 1 reason, the government makes you calculate your own tax and penalises heavily for doing it wrong. I have no issues paying taxes as a US citizen, however I hate that I have to do the paperwork when the government already has all the info they need. Always struck me as odd.

[@TinaJames222]

I don't regret the numerous financial mistakes I've made in the past since I've learnt from them. But the biggest one was planning my finances without consulting with a licensed financial counsel.

[@tatianastarcic]

Indeed, I did make use of a financial counselor. As I get closer to retirement, their advice has been really helpful. I thought compound interest on index funds wouldn't be sufficient because I started late. It's amusing how I've done better than colleagues who have more years of investment experience. I've profited more than $886k tax free.

[@Vincent-j8u]

Please who is the consultant that assists you with your investment and if you don't mind, how do I get in touch with them?

[@tatianastarcic]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Sophia Maurine Lanting” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@sharonwinson-m8g]

Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing.. I will write her an e-mail shortly.

[@RenigadeWarrior1]

Social Security should never be taxed. I can't believe that's even on the table.

[@traciefrendo6636]

Right it is a tax and belongs to the people.

[@kare9875]

Clinton started it back in the 90's.

[@OlivePittsOnDesk]

You might enjoy this: I sold my rental property (I purchased for $150,000 15 years ago) for $300,000 profit today. Not only did I have to pay $60,000 in federal capital gains tax, but had my social Security reduced $600 per month because of the sale. Considering total inflation over 15 years was 35%, this was the result: Loss through devalued money = $105,000 + $60,000 tax + $7,200 SS loss. After depreciation I actually earned $22,800 over 15 years on a $150,000 investment or less than a 1% per year return. I did of course get rent all those years, but the sale actually just barely returned any profit.

[@mramirez5239]

Already happening. Trump will end that.

[@sleepykitty4472]

If you are collecting social security you pay no income tax.

[@LucasBenjamin-hv7sk]

I dislike taxes for one main reason: the government requires individuals to calculate their own taxes and imposes heavy penalties for mistakes. While I have no problem paying taxes as a US citizen, it seems strange to me that I have to do the paperwork when the government already has all the necessary information.

[@leojack9090]

I don't regret the financial mistakes I've made in the past, as they've all taught me valuable lessons. However, my biggest misstep was planning my finances without consulting a licensed financial advisor.

[@hasede-lg9hj]

I sought the guidance of a financial counselor, and as I near retirement, their advice has proven invaluable. I was initially concerned that compound interest on index funds wouldn’t suffice since I started investing later. It's quite amusing to realize that I’ve outperformed colleagues with more investment experience, having gained over $186k tax-free.

[@lowcostfresh2266]

@@hasede-lg9hj This is definitely significant! Do you have any recommendations for professionals or advisors I could contact? I really need guidance on proper portfolio allocation.

[@hasede-lg9hj]

Annette Mario Holt is the coach who guides me. With years of experience in the financial markets, her strategies have worked well for me and contributed to my success. She offers clear entry and exit points for the securities I focus on.

[@fadhshf]

Thank you for the tip. I found your coach online and conducted my due diligence before scheduling a call. Based on her resume, she appears to be highly proficient.

[@JustAnOutdoorsFool]

Hard working Americans do not need government handouts. We need the government to get rid of the taxes and wasteful reckless spendings.

[@JeffreyLewan]

@@JustAnOutdoorsFool tell me what you consider wasteful reckless spending. Your telling me under no situation does anyone need help? I imagine you hand out money to trumps election and that's ok.

[@MarioEnriquez-zp9wu]

@@JeffreyLewansending money to funds wars that never should have began. Paying for immigrants to survive here in America. We can’t even help Americans and we’re sending money to people who are no benefit to us

[@squeezylemons8357]

​@JeffreyLewan 2.4 Trillion in payment errors over the last 20 years, billions on wasteful or duplicate programs, 60+ Billion sent to Ukraine, 150+ Billion on illegal immigrants, 1.9 Trillion a year on Welfare programs that do not make the able bodied go back to work and incentivize Divorce and more children that parents can't afford to have and do not limit what food is essential for food stamps. I can keep going. We have the money for all of this, but have homeless Vets and can't help people with Hurricane aftermath. The government is wasting money and doesn't have its priorities straight.

[@GreenhornetII]

Yes, the purpose of working overtime should not be to be to pay more taxes on higher income. We need to actually Encourage a hard working culture instead of the less work for more money ideology that the current administration has encouraged.

[@jcindahouse]

@@JeffreyLewantwo words. Foreign Aid!

[@bobsecaur4916]

This is the way I wish mass media would handle topics. Facts and fair analysis of both sides. Thanks for your efforts here Sherman.

[@ScottDiFrancesco]

PSYCHO FELON CON RACIST LYING TRAITOR DRUMP FOR PRISON 2024!! WE DESEVE BETTER !! VOTE BLUE !!

[@remyd8767]

Yup. The thumbnail alone is already immensely helpful.

[@CuriouslyCute]

YESSSSSSSSSSSSSSSSS I will see if he does this often and subscribe if so. Yay, KZbin making experts' info more accessible! Yay!!!!!

[@juliusm5908]

@@bobsecaur4916 for most... kamala plan only works for immigrants

[@jesse_-]

Mainstream media is dead. No one takes it seriously.

[@MooseX2012]

This dude is the reason why mainstream media will die. Actual information from the get go. Awesome

[@TheOnlyBlackInMeWasWillieBrown]

Not just him, but many people like him

[@docjohnson1]

Objective journalism is a dying breed

[@marthalewis6065]

I run a small business, earning about $270K in personal income with 5 employees, and I have not benefited from Trump's current tax plan. On the other hand, my brother-in-law, who earns over a million dollars, has seen significant benefits. Since we don’t invest in equipment or similar assets, the Qualified Business Income (QBI) deduction hasn’t helped us at all. Trump's proposal to exempt overtime pay from taxes will create a significant cash flow problem for small businesses like mine. Currently, I withhold taxes and pay them once a month, which gives me some flexibility with cash flow. However, under the new plan, all overtime pay would be due to employees immediately each pay period, dramatically increasing payroll costs and potentially causing cash flow issues. I predict many small businesses will struggle with bounced checks as a result. While my CPA agrees with his analysis of how businesses are benefiting, the reality for many small business owners is quite different. Trump has not clearly explained how he plans to fund these changes without massively increasing the deficit. His overtime pay proposal would seriously harm small businesses like mine. For example, last week, my employees worked 20 hours of overtime. Normally, I can manage this with my current funding setup, but if I had been forced to pay that overtime immediately, I wouldn’t have had the cash on hand without cutting into my own income. This is why I believe his plan would be detrimental to small businesses.

[@marthalewis6065]

@@MooseX2012 He’s not a professional because my CPA said he’s not explaining the full story and just playing politics. Look at all the reputable sources out there and non has his take.

[@chivosadventures8171]

C'mon y'all we all know that Kamala is a liar and she has proven herself to be one. So my Vote is with Uncle Trump. I am a 2nd generation Mexican American just so y'all know.

[@GraziaMacahilas]

Tax laws can be so complex, and it’s super helpful to break them down like this. Understanding how different policies can impact our finances is crucial for making informed decisions.

[@DeborahMicheal6k]

Making profitable investments during this time of political change can be risky without that insight. For me, working with an adviser is the best first step to navigate these complexities and make informed choices.

[@CharlotteNoah3]

I think having an investment advisor is the way to go. I've been with one because I lack the expertise for the market. I made over $490K during the recent dip, highlighting that there's more to the market than we average folks know.

[@HenryLucask5l]

Hmmm this is quite interesting, Please can you leave the info of your investment advisor here? I’m in dire need for one.

[@CharlotteNoah3]

Nicole Anastasia Plumlee can't divulge much. Most likely, the internet should have her basic info, you can research if you like.

[@HenryLucask5l]

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get.

[@timothyhockemeyer]

Man... Thank you. I have no idea who you're voting for. That was the most accessible, public friendly and unbiased way this could have been done and I'm grateful.

[@TheTerryscotttaylor]

I agree, this is a super solid presentation of just the facts, let the people decide. It's a breath of fresh air.

[@RegisterRedVoteBlue]

He did a good job, but he's clearly voting for Trump, unfortunately. He was very trump friendly.

[@tonya--7704]

​@@RegisterRedVoteBlue So are millions of us.

[@dabmaster1233]

@@RegisterRedVoteBluewell your name shows no bias clearly

[@RegisterRedVoteBlue]

@@dabmaster1233 where does it say I can't have a bias or preference? I'm not the one making videos. Not sure why my name is relatively to this topic.

[@phillmckrakin2518]

I think homeowners 65 and up should be exempt from property taxes. A senior should never lose their home for back property taxes.

[@angelsuniverse6021]

Taxes to paid property must be illegal!

[@MoXXXi]

Homeowners 65+ shouldn't be allowed to have multiple starter homes it's ruining the prospect of us that can't afford anything other than those fixer upper starter houses

[@danieljaggers2774]

Seniors are losing their homes because they can’t afford medical bills. Medical bills are the number 1 cause for bankruptcy in America.

[@phillmckrakin2518]

@@danieljaggers2774 that's a whole different discussion. This is about taxes.

[@phillmckrakin2518]

@@danieljaggers2774 that may be one reason, but that's not the conversation I started.

[@shnoltz2011]

No tax on tips & no tax on overtime would be really helpful to a lot of people!!

[@kimberlyporter7016]

Read project 2025. Trump wants to get rid of overtime. He said so at his rally. He hates overtime. He never pays it.

[@stevenpersamanos23]

There won’t be any over time under Trump.

[@brianschwarm8267]

Trump promised that in 2016 too though

[@nynclan2009]

​​@@brianschwarm8267 Not to mention Trump wants to slip in Capital Gains as tips or gratuities so that they cant be taxed. 🙄😒

[@stinkycheese804]

BUT do we really want to incentivize non-salary positions and those of low skill workers, while simultaneously pushing our youth to high expense educations that go to waste if they have these lower level jobs? We could argue that they hold these jobs while getting their education, perhaps the tips at least but not so much the overtime which is counterproductive to also putting in the extra hours to get an education. I'd be more in favor of just stopping the game and putting caps on the cost of public education. It's truly insane what college costs these days and how universities decide to waste the money as if they despise their students. IMO what we really need is to stop trying to dangle carrots in front of particular groups and focus more on keeping cost of living low for everyone, and bringing back manufacturing because if we keep sending so much money overseas, it is impossible for the math to add up. To be wealthy nation we have to PRODUCE wealth, not just play shell games with where money is going in order to manipulate voters.

[@truedarknessify]

Not a single msm news source has done what this man just did right here. Fantastic, informative

[@rykson161]

Because he’s not giving a biased review

[@suelaamisandwich]

Honestly I havnt voted since I’ve been 18 (im 26 now) because I had no idea where to find just the facts.

[@andreamicucci2396]

Im 5 minutes in and its already standing out to me that "man this dude is tryna feed us genuine unbiased information"....and for that I appreciate you sir.

[@nathaliezanabria3434]

It is bias …. He doesn’t tell you that you will have to pay taxes on your new house. $25000 are not given but borrowed… you will have to pay taxes every year on the increase value of your house.

[@andreamicucci2396]

@nathaliezanabria3434 let me be more specific, by unbiased I mean he's not doing everything in his power to degrade one of the candidates...one in particular that stands out who everyone seems to be in a trance to destroy. Whether it be figuratively or LITERALLY nowadays.

[@franklindorrell4755]

​@@nathaliezanabria3434he might make mistakes or not catch everything but he sure as hell is more informative and unbiased than any other talking head when it comes to this election.

[@thenonexistinghero]

​@@andreamicucci2396 But he is biased. KH's plan wouldn't do anything for first time home buyers. It would just raise the price of houses and increase inflation. He isn't critical where he should be and doesn’t look about the actual consequences.

[@verajerome5041]

​@@franklindorrell4755wouldn't want him as my coa if he makes mistakes

[@dcltaylor]

Not taxing social security is brilliant and such a help for retired who survive off of so little income.

[@JeffreyLewan]

The only way one is taxed on social security is if they have other large income coming by pensions or other means. Social security alone is at such a low income you are not taxed now.

[@JeffreyLewan]

No one looks at the total situations but jump on words of candidates trying to get your vote and discredit their opponents.

[@taramills5747]

​@@JeffreyLewanshouldn't be taxed at all

[@sharpmindschannel]

Uneducated individual will bealive in anything that may looks good. ​@JeffreyLewan

[@JeffreyLewan]

@@taramills5747 so what should be taxed? Nothing? How does a country survive? no military no roads no disaster relief no social security the elimination of everything that provides what you depend on.

[@FRWHELAN]

My question is this: what government spending will be cut? We are tired of feeding this bloated government, funding wars and taking care of non-citizens.

[@Dray1776]

Facts my friend

[@firefighter9901]

I think I heard Trump wants to bring in Elon to cut bloated sections of the government

[@magicagrnub620]

What's the issue with helping others regardless of citizenship? Sincerely, you're a person who is not great to be around , I can't imagine how you are if someone asks for help.

[@Dray1776]

@@magicagrnub620 help them with your money off your hard work not mine

[@young48361]

@@magicagrnub620 Because that's our tax money that we worked for. Clear from your post you probably never worked a day in your life.

[@sarawilliam696]

I’m ecstatic with Trump's victory and the year-end market surge. Which hidden jewels in the upcoming bull run would you buy with 150 grand right now? My goal is to position myself for a prosperous Q1 in 2025.

[@NoorJari406]

Index Funds & ETFs: 40-50%, Emerging Markets (e.g., VWO): 10-15%, Dividend Stocks: 10-20%, Growth Stocks/Small-Caps: 10-20%, REITs: 5-10% Remember to always work with a knowledgeable person in the financial market when starting out to avoid getting burnt.

[@carssimplified2195]

”DCA DCA" is the sloppy term but the key. My dollar portfolio i DCA with is made up of 30% PLTR, 25% NVDA, 15% VOO and over 30% in digital assets, thanks to my CFA. This strategy is what works for my spouse and I. We've made over 80% capital growth minus dividends. Q3 taxable divs this year was $18,388 this year.

[@Justinmeyer1000]

Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve financial goals.

[@carssimplified2195]

My CFA ‘’Aileen Gertrude Tippy’’ a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..

[@Justinmeyer1000]

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@cynthiasymons]

My husband and I are retired and live on his pension and social security. Because of the Trump tax cuts, we have had federal (and state) refunds for the first time in 30 years. When you look at how the standard deduction went up, that makes a huge difference. Anyone who thinks his plan benefits only the wealthy is not looking very closely.

[@rawaawaa9840]

Its literally made to expire for people who aren't wealthy

[@mikemitchfit6617]

​@@rawaawaa9840i mean duhhh hes no longer in office and it will get revised.

[@ThomasEWalker]

I am in the same situation as you and I will not see any income tax on my social security under Harris nor state taxes on it, either. His tax cuts MOSTLY helped the wealthy, and by such an enormous margin that he caused the worst deficit in US history. The right wants to cut and or eliminate social security - and that is not a joke. They are keeping it somewhat hidden, but it's in their materials if you look and it is in Trump's playbook. I strongly suggest you go look up what his congress will do to you and I. DO NOT vote for that nitwit.

[@chapinpepin]

​@rawaawaa9840 He is literally not in office idiot! Democrats didn't change it because it benefited their sinking ship of an administration. Latinos for Trump 2024!

[@feliciafelicia6965]

Your version of wealthy is relative. You have social security AND a pension.

[@justincaron2010]

This is perhaps one of the most informative unbiased videos that I have ever seen. I really like the fact that he doesn’t take sides. He just spits the facts as he sees them. I wish the media would do this more often. Very informative video. I highly recommend and hope this goes viral.

[@buri7556]

My exact sentiments. Thank you

[@BTrillJ]

Crazy, huh? Lol

[@Kat-Annangel]

Oddly I found some,but it's barely noticeable. But he did a good job regardless. I feel I liked the last video I watched with two people talking about it from another channel. I couldn't tell at all.

[@marie-on5yj]

It is informative. However, what Kamala says she'll actually do aren't yet facts. We know Trumps record. We know Kamalas record.... but what she now says isn't really trusting because she's flipped on the issues. So, in reality, we dont know what Kamala will do... which is one of the big reasons people won't vote for her.

[@GaryFord-r5e]

She is going to raise Everyone's taxes and it's going to be the same issues as Biden but a different actor. Democrats have had 12 years to Republicans 4. Please think about that.

[@wudntulike2no32]

I don't work overtime anymore but no tax on it would have been huge from 2012-2020. My house would have been paid off years earlier. It would have been nice to be rewarded more for hard work. For younger people, that is a big deal.

[@BlackFreemen]

Our overtime was just cut. We have had virtually unlimited overtime since 2019. Would have come in handy.

[@alexpolicht9332]

Sounds like bait honestly. Might take away overtime outright make everything straight minus holidays. Curious if it was put into practice if it would mean more people competing for it as well.

[@I321Oo]

@alexpolicht9332 A lot of people under this current administration are barely working just so they can qualify for benefits, and this admin Likes that. Everything they are doing points towards them wanting citizens as renters, subjects, slaves frankly without going into it too extensively, as my comments are nearly all deleted anyway. {HURRAH TO VIOLATING THE CONSITUTION}

[@obrientracy1]

Agreed,its called socialism, next step communism

[@Thesakuraharona]

Assuming companies allow you to work overtime. A lot of companies do not allow that as it is, it could potentially cause more to refuse it depending on the specific details. That said, if that does come to pass I guess I will be volunteering even more at work.

[@Handmade_Holiday_with_Kay]

Found this video the day after election, but just wanted to say thank you for a video that just presents facts not an agenda! Much appreciated!

[@optimizor]

I wish every media outlet would break things down like you. Very refreshing, informative, and unbiased.

[@MP-qb6lv]

Yes this is what I’ve been waiting for. There should be a government site that shows us all this information; down to every voting decision of those in offices. Clear straight to the point

[@LITZjams]

Well you have KZbin and there’s tons of non biased stuff out here. At least now people realize they were being manipulated , on both sides

[@myartworkchannel]

All they talk about is abortion or how trump will end the world 😂

[@richardlee450]

As a fellow tax focused (and business consultant) CPA of over 40 years (and thus seen a few tax law changes over the years) i just want to say you did a very good job just presenting the facts of each party’s proposal.

[@pamalamcbrayer1399]

However, most of Harris’ tax credits are not REFUNDABLE credits, right? Except EITC and CTC. Therefore, really, only people with kids and very low income couples will get help. SS income is used in the computation of those too. A non refundable credit can only REDUCE a tx you actually owe. If you arent going to owe much in taxes anyway, none of these new credits really helps much!

[@OneMoreTank]

This video is biased though, in favor of Trump's plan, by leaving out very important details. He totally misrepresents the unrealized capital gains tax plan for example. That only applies to people with a net worth over $100 million. Kind of an important detail when determining if the tax will impact the average person watching this.

[@TGWraith]

@@OneMoreTank 15:56 he makes that clarification for net worth of $100m, and then he explains how they leverage the assets to take loans and avoid paying a lot of taxes, which was outside the scope of the video but helps the rest of us under $100m understand why it may be proposed. This was an incredibly produced, non-biased video that clearly explained the two plans. He even called out when one or the other has no plans or very few details for their respective proposals.

[@OneMoreTank]

@@TGWraith Yeah my bad he does mention it. He does kinda gloss over it though and then he circles back around with a leading question asking the audience how they would feel about an unrealized capital gains tax even though nobody watching this video will ever need to worry about that. Another commenter already pointed out other issues better than I could: "This analysis is far from fair. It mirrors the same framing tactics often used by the media. The author has already injected bias by creating negative hypotheticals for one plan but not the other. For example, they suggest that a small business owner who hasn’t made much would face higher taxes if they sold their business, but they don’t do the same for Trump’s plan. Important details are also omitted, like the fact that the individual tax rate for the top 1% doesn’t expire in 2025-only the cuts for everyone else do. The 37% rate is already permanent, and a CPA should be aware of that. Moreover, where is the criticism of the universal tariffs? These tariffs alone could offset any potential savings for average people. If you don’t believe me, look around your home-where are most of your goods made? Probably not in the U.S. While I fully support buying American-made products, it’s important to recognize that most goods will cost more because the U.S. hasn’t invested in domestic manufacturing for decades, a trend that began under President Reagan. Even if we were to ramp up production, materials and labor would still be more expensive, so costs would rise no matter how it’s spun. A CPA would understand and acknowledge this. The author also seems to show a bias in favor of Trump, which is common among those with investment or high income. That’s fine, but to claim this is an unbiased analysis shows a lack of awareness about spotting bias or conducting independent research. Additionally, Trump has said he wants to extend some of his tax cuts, but hasn’t specified which ones, making it unlikely that all cuts mentioned here will be kept. Harris hasn’t stated she would eliminate all of the Trump tax cuts either, meaning it’s possible she could keep the simplified tax brackets for everyday people. In conclusion, this analysis is far from objective, and I hope this explanation makes that clear." He also could have gone into the problems and potential loopholes in the no tax on tips/overtime proposals. And this is probably outside the scope of the video but it is well-known that Trump actually hates overtime pay so I really wouldn't bank on him actually implementing that.

[@FaCeSays]

@@OneMoreTankI totally agree.

[@oliviajames6924]

No tax on overtime will be better for me as a nurse. For my grandparents and all of us no tax on social security will be amazing!

[@marthalewis6065]

But you will lose all of your overtime because of cashflow. Workers do not know how this works and how the extra income is floated for payroll. I assure you that there will be cuts if this is implemented and just a smoking screen. Be careful what you ask for.

[@jonnycake30]

Don't count on social security existing by the time you "retire" if you ever can retire.

[@oliviajames6924]

@@marthalewis6065 I moved from California to a state that has no income tax and no tax on groceries. It's been 2 years and I have more money in my pocket every month and I haven't had to pay anything additional in taxes either. I'm up compared to where I was in California. This will work similarly

[@supersaiyaman11589]

no tax on social security would hurt social security overall unless that revenue was replaced with something else.

[@faithinaction100]

Taxing unrealized capital gains will force the sale of assets to pay taxes, resulting in a double tax since a capital gain on the sale would also be taxed.

[@allsportfreak23]

Thank you, finally someone who lays out the facts and lets people decide what’s best for them.

[@michelegardemann4389]

This was the clearest, most unbiased description of each candidate's proposals!

[@Nmethyl1]

Real

[@thebeatagp]

My brother, as a fellow KZbinr, I have to commend you on the thoroughness and professionalism of this video. It was very informative and very well done. Thank you, my brother,

[@christyler6234]

Very true. This man’s presentation skills are amazing

[@gforceforever]

It was great, until I heard "irregardless," at which time my brain shut down. I have since recovered, but wish I had been forewarned. 😅

[@TheMindfulOpinion]

@@gforceforever that's just your own shallowness at bay..

[@kjblade11]

My theory is that no tax on OT would encourage people to work more, and be more satisfied with work, and with no additional cost to companies outside of time and a half, They would be able to get more highly motivated workers to stay around longer and increase the production rate. This means more money for workers, workers take that money and spend more which helps stimulate the economy, and puts more money back into the company's pockets to then hire more highly motivated workers. It would be a very nice circle of life. Hopefully that's not just wishful thinking though because we work too hard for our money just for it to get taxed even more!

[@bobbymac3696]

Exactly

[@browser37]

Perfectly said

[@dennisholliday2454]

Or maybe instead of getting by ,,by overworking ourselves 6 and 7 days a week..maybe they could just pay you more and you could still have time for family

[@SandyJ4321]

As a nurse (now retired), so many RN’s wouldn’t take the OT because of the taxes. During the Covid shortage, they were mandated to work overtime every-other week. They were burnt out, exhausted and morale was low.

[@cassiewatson6308]

@@kjblade11 Great point!

[@ArvoBowenIII]

I don't always follow people on KZbin but when I do it's people like this guy. I wish that all informative videos would have this guy in front of the camera. It is the most unbiased and information-based video I have seen in a long time. Thank you for taking the time to put together this video!

[@passingmongoose]

Keep in mind we went to war with tyrants over a 3% tax….

[@elcid4097]

Taxes will go up 3% and more if Kamala wins

[@NotSure1776]

2% tax.... t w o

[@andrewflores2791]

It was mostly about taxation without representation bro

[@operatorodin1006]

@@andrewflores2791 you think you're currently represented how you see fit?

[@andrewflores2791]

@@operatorodin1006 no 😂

[@noelthacker6640]

The unrealized capital gains tax is just insane. That discourages people from investing in our country. People will just take their money and life somewhere else.

[@JOwinsallday]

Well, I don’t think anybody over $100 million watching these KZbin videos… I also think that people of such a high yield would still take 80% rather than zero so nobody can stop investing in our country. That’s just insane. Take to have.

[@malinoisnation9392]

@@JOwinsalldayif this is passed one day it will be for everyone. The income tax was at first only for the “ultra wealthy”

[@OC_Lofton]

​@JOwinsallday 16:45 - 17:21. Taxes are often sold as being for people of a certain tax bracket but can affect everyone in time. Sometimes the effect is immediately. President Obama allowed the Bush Era tax cuts to expire January 1, 2013. While making less than $50K, my take home pay shrunk the next pay period. January 2, 2013 President Obama reinstated the cuts with the exception of the 'highest tax bracket'. My take home pay did not "grow back" to previous levels. All of the deductions remained the same from the Bush Era - with the exception of OASDI. While not being in the 'highest tax bracket' - me and my family were still affected.

[@sundragons09]

@@JOwinsallday We also need to remember that a lot of those with over $100 million in investments are typically shoring up new businesses, as well as the stocks in your retirement fund/profile. Taxes on unrealized gains would not just affect those with over $100 million, but everyone who has a 401K and every business owner, from small to large.

[@lightwarrior432]

But it will change under President Trump.

[@CattywampusWoodsMiniFarm]

It is incredibly difficult to explain the plans of candidates without appearing biased. Sherman DID IT!!!! VERY nicely done!!!

[@arthursummers7899]

You're right, he did a great job. But there was definitely a bias in the way both plans were presented.

[@marikyles2139]

No he didn’t. I voted for democracy and against Project 2025!

[@MrKn4evr]

@@marikyles2139 bias on whether people are driven by a dollar value or not. My concern is the that we are facing a moral value bankruptcy that needs to be addressed. “Irregardless” of how much money I might potentially keep in my pocket, I can’t vote for another Trump administration.

[@brooklyn-cv8cg]

He did a good job

[@mamiemoncrief9664]

@@marikyles2139 👍🏼🙏👏🏽👏🏽

[@spicyyahoo]

This guy is a genius. Great job breaking it down for us objectively and clearly.

[@thomasjarred4214]

25,000 FOR FIRST TIME HOME BUYERS. HOME GOES FROM 200,000 TO 225,000. LOL!

[@Lion_heart103]

Or 250,000 lol house prices will skyrocket again

[@watchingyoutube_]

Yeah, the "credit" will transfer to the costs of homes as the market will adjust pretty quickly and we'll see prices continue to jump up in unsustainable margins.

[@beckst3]

With the cuts, write offs, and trades allowed to be untaxed for real estate investors under Trump’s policies, it has created a situation conducive to the monopolization of housing. Until something is done about the real estate tycoons, houses will be expensive. 🤷🏻‍♂️

[@humblebeans5511]

It wont change the appraisal value of the home at all. Thats why appraisals exist

[@beckst3]

@@humblebeans5511sadly, appraisal value and market value can vary drastically in certain locations.

[@CanadaSocial]

Unrealized capital gains tax is a kick in the gut for a person who works hard to accumulate wealth.

[@Lovetravel7889]

@@CanadaSocial exactly!

[@patriciasankey4103]

If you think about it, this would eventually cause people to loose their homes and retirement accounts.

[@logangodofcandy]

It is supposed to make it impossible for poor and middle class to invest, as year over year, you would get a big tax bill to pay for the increase in value, forcing you to sell it and go into debt for new taxes

[@codywinkle2303]

Exactly! Unrealized gains might sound good on paper for a short period of time, but in the long scheme of things, it will actually hurt the economy and individuals. I personally know people who have invested in stocks and cryptocurrency starting with little money and even a few grand that over 5 years have hit 6 figures and a couple that have actually hit 7 figures. It’s like punishing someone for being good at what they do.

[@Republicanmouse]

With unchecked inflation promised by Harris the unrealized capital gains would soon apply to every investor. It would be a disaster for investment if any kind and reduce gdp growth substantially. That tax is a huge drain on standard of living for everyone.

[@Rambo.cc.1188]

The most neutral coverage I've seen so far. Thank you for laying out the differences without picking a team. Truly a quite refreshing video in these divided times!

[@1Mayflwr]

Not neutral

[@dellontobin282]

@@1Mayflwrit is neutral. You’re probably blindly voting for Kamala.

[@emilytjomsland4361]

Deeply appreciate the non-biased breakdown here! Thank you!!!

[@cw2gator]

Definitely against a tax on unrealized capital gains.

[@user-ml8dm9fz6l]

you have $100 Million dollars in investments? damn you have too much time on your hands to be commenting on KZbin LOL

[@alejandroalayon320]

Agreed. Income tax used to be fot only the rich. Then iy trickled down to everyone else. Thats what will happen with that idea

[@frankiegarcia5672]

@@user-ml8dm9fz6l just think about the consequences though. These high net worth individuals invest in small businesses. This completely discourages investments in US business. They will look to invest in businesses in other countries ultimately, having an effect on our economy.

[@JonathanX4-k4u]

@@user-ml8dm9fz6l if you keep taxing the rich they will raise the prices more if the canes meal is 15$ next year it's gonna be 20$ for raising tax good luck

[@ermenelroy5607]

If applied to the everyday person under a different president wouldnt it lead to more taxes on people who home increased in value or got lucky on there investment

[@MrJKellerLewis]

Why is this guy hosting a masterclass on objective journalism and isn’t even a journalist? Great job 👏🏻 great video! I will be sharing this to all my SMB friends

[@jameskent748]

I thought Objective Journalism was the New Unicorn! This guy was incredible!

[@Purplebass]

@@MrJKellerLewis he forgot to mention that republicans want to cut ss, medicare, dept of education, eliminate unions, eliminate overtime pay all to cut taxes for the rich. And yes they have said they want to do all those things.

[@juliegennert4788]

He didn't claim to be a journalist...he is a CPA analyzing two tax plans which he is well within his area of expertise- his profession is literally knowing everything about tax laws.

[@Purplebass]

@@juliegennert4788 except he has no idea what trumps tax plan is

[@juliegennert4788]

@@Purplebass ummm ok

[@robertolson1540]

I don’t own a house yet but between Kamala’s 25k tax credit and trumps tax plans I rather have a lower interest rate with putting down my own 25k then a high interest rate with the assisted 25k. Trump 2024 is the way to go

[@twilightseven]

Besides the 25k has the words before it "up to" no guarantee to get the full 25k. Harris uses "up to" alot. Which is not guaranteed to get the full.

[@larie22]

If interest rates are lower then inflation comes roaring back... There's a reason why the rates were raised... Once the market equalizes the monthly payment should be the same (all else equal). I'd take a lower loan amount with a higher interest rate than a higher loan amount with a low rate. Then it's easier to pay off the loan and pay no interest because I owe less money.

[@JeffreyLewan]

@@robertolson1540 interest rates are not determined by the president as they shouldn't be.

[@PatriciaJohnson-u7n]

Trump plans on tariffs, even though he doesn't know how a tariff works. How is that going to help the economy? It'll just make prices go up.

[@garrettpenrod-ii6ew]

@@PatriciaJohnson-u7nsupposed to bring manufacturing to the US. If people make stuff here, no tariff

[@victorcabezadebaca1980]

Tax on unrealized gains is insane!!!! As a small real estate investor, Trump's plan is best for me and my family. This is a great video, in plain english, easy to understand, thank you!

[@rosycheek2599]

25K for first time home buyers is very narrow. It only applies to individual who parents have never own any property. This is another scam.

[@kw-ko5vh]

Yeah since it applies to me and I already bought a house, do I get reimbursed? Definitely not. This is unfair

[@jefffunkhouser2773]

That is called buying votes for new home buyer

[@noahsharif9280]

And it just focuses on demand, not supply. So it's a easy way to add 25k to every houses value, by devaluing all of them. Does help and add yet another weight on a system that needs to get relief, not more burden. 😅

[@BlackFreemen]

Most Amnesty Migrants will be eligible

[@makerspace533]

It seems it would simply raise the cost of starter homes.

[@GRE32526-Main]

Well done! As a retired CPA, I thoroughly appreciate your comprehensive and objective approach.

[@BeeKaye]

I’ve never been so interested in watching a video about taxes. Great job sir! I really appreciate your articulate breakdown of the facts.

[@alpaca6462]

I agree, but I do wish he gave more information on Tariffs. The tax is on the goods themselves, which means that the American Businesses who are importing the goods are the ones who pay the taxes. China does not pay anything. This will offset the cost onto the American people, as businesses will not be paying more without increasing the prices of goods to make up for what they lose in taxes. Why would the businesses pay the tax instead of buying from American manufacturing instead? It's still cheaper overall for them to import.

[@markkempton4579]

@@alpaca6462 Tariffs and corporate taxes are just consumer taxes. In addition, tariffs raise the price of all products in that sector, not just the ones being taxed. It increases demand of the non-taxed (in this case, domestic) products, which raises prices. We saw that with Trump's washing machine tariff. All washing machines became more expensive. And we're not even talking about the massive increase in costs to things that we cannot make cost effectively in this country. No one is going to pay $30 for a plastic pitcher that costs $2-4 at Walmart, but that's what they'll cost b/c the factories would need to pay American wages. We can't have it both ways. If you want to live affordably, you need to expand your markets.

[@alpaca6462]

@@markkempton4579 Well said.

[@SimplyStrength043]

@@markkempton4579when at the end of the day we all have more money to spend it doesn’t matter

[@atxbird4041]

I love how equally fair you are ! It’s hard nowadays to find someone who isn’t on one side or the other and just getting straight to the facts !!

[@abigailsprouse5356]

As a Democrat, I actually agree with Trump’s tax policies more. They benefit low-income, middle class individuals, as well as the retired. Kamala says she won’t raise taxes on those that make under 400k a year but fails to mention that once she’s in office taxes will increase for everyone and she won’t do anything to stop it

[@andrewbourn1513]

Is Trump's tax plan enough for you to vote for him, or are there other issues that, when combined, outweigh the benefits of his plan? I'm a moderate that really dislikes Trump, but Trump's tax plan seems to work better for my situation. I'm curious to know how it's affecting your choice in November. Thanks for commenting!

[@robinsonnier6887]

Kamala has no economic experience! She's lying to you all! She will destroy the economy on day one!

[@CosmicalChrist]

​@@andrewbourn1513 You do know the suckers and losers, good people on both sides, drink bleach etc are all lies right?

[@Maletizer]

​@andrewbourn1513 I don't really consider myself Republican but I am conservative. I'm not the biggest fan of Trump but don't dislike him. I try to keep my personal opinions of the candidates aside and try to only look at the policies and which would benefit me more. Trump's policies benefit me more. They benefited me last time when he was president which allowed me to save enough for a down-payment for a house

[@SilverHawk214]

I'm a Republican, I don't really like Trump either, he's a "personality" I certainly would not get along with. But his record is solid and his current plans are better for everyone over the short and long term and I say that as someone who would like to buy my first house in the next 2 years. I'd rather work harder now while I'm young than be fucked over later when I'm old.

[@tmataya]

Paying taxes on unrealized capital gains is pure insanity. There is no way this could get through Congress. The government will see this as a way to extract more funds from more and more tax payers. The principle of this is horrible for all of us.

[@jerdtgg]

I bet the members of Congress who inside trade would never pay that tax.

[@maddrone7814]

@@jerdtggthey’ll exempt themselves from

[@maddrone7814]

@@dr.options that’s how income tax started btw. Only the top earners paid income tax. Now everyone does. It always starts at the top. You’re not as smart as you think you are

[@dr.options]

@maddrone7814 my PhD in Moelcular Biology and 20 years of tax experience speak to the opposite, but whatever, you do you! I'm not concerned about unrealized capital gains ever hitting the middle class. ....it won't happen. Any suggestion of something otherwise is just overt fear mongering and pure demagoguery, not grounded in anything factual, and just outright disingenuous. Perhaps YOU'RE not as smart as YOU think YOU are.

[@youtubesnamingpolicysucks]

​@@dr.optionsyou're right, corporations won't try to recoup their losses by SCREWING consumers 😂

[@craighart8423]

This is one of the most useful videos on the subject of politics I’ve ever watched on KZbin. Great job! Thank you!

[@shauntab.8554]

taxing SOCIAL SECURITY should be a CRIME!

[@ChoppedCheese2]

Kamala's tax plan is basically income redistribution, whereas Trump wants to encourage investment in America. Lastly, the unrealized capital gains tax would be horrible for the economy.

[@CG-vn5xh]

I agree! Fundamentally I agree with Trump and I fundamentally disagree with Kamala.

[@MikeekiM86]

Any liberal who says "but you dont have 100 million" is an idiot and doesn't understand every major company in the US would crumble.

[@ThomasEWalker]

For decades this country had 80% and more top tax rates, which I know because my grandparents paid those rates without any issues at all. We are in financial trouble big time because those top ratse have been cut to the bone by people just like Trump. We can not afford his tax breaks at the top, and he generated the worst defiicit in US history. The wealthy MUST pay more in taxes or the country will literally fail to pay its obligations. SOON. The US is on the verge of being downgraded again.

[@traciefrendo6636]

My issue is I'm not a new homeowner and have no kids so those of us who pay higher cuz our kids are grown how does that help us. And tax refunds sometimes go to people who don't pay that much taxes but they get the money and it's spent on entertainment and luxuries and not things they need.

[@kjblade11]

Trump's no tax on OT plan would also incentivize people to get off their butts and go work. We will have a healthier working culture in our country!

[@MrRealTalk]

No tax on OT and 5,000 child tax credit. TRUMP 2024 lets go!!!!!!!

[@JeffreyLewan]

@@MrRealTalk more to it than what he preaches. First off he doesn't tell the truth as his great plans are always mentioned but never administered . Everything to him is just talking points and can't be trusted.

[@tyleranderson2673]

@@JeffreyLewanOh so we should trust Kamala Harris when she’s changed her stance on literally everything? Sorry can’t trust her. Trump has already been president and things were a hell of a lot better during his presidency, i’ll take that

[@logangodofcandy]

Trump does everything he says if Congress and democrat judges aren't stopping him

[@Rose-db5dg]

Well trump did a damn good job when he was president before and the economy was thriving and we were almost 100% energy independent. We have got to be energy independent and bring factories back to this country. We need to force higher import taxes so that companies make factories here in America. ​@JeffreyLewan

[@asantenoer6931]

@@JeffreyLewanthat’s a lie you sound like Harris

[@christopherzorthian8182]

No tax on unrealized gains, no tax on tips, no tax on social security, no tax on overtime. TRUMP 2024 MAGA

[@SamtheCanuck]

You do realize that these taxes that are expiring were intended to expire by Trump right like he’s the reason the problem is even happening. Remember Trump gave businesses permanent tax cuts, and citizens temporary ones that was intentional that was his choice could’ve been the opposite, but he doesn’t care about people that don’t have Trump their last name. Fuck Trump I look forward to him, losing in historic fashion again.

[@BrianAper]

Say Trump is elected. Unless the republicans end up controlling both houses of Congress, he won't be able to get any of those things done.

[@dalenulik5622]

Correct, Joe Biden voted twice, too tax social security!

[@raymondkassay3610]

​@toastmastr9763 lol ya like the lie when he ran the 1st time that even you are benefiting from now being in a lower tax bracket and will expire jan 2026. So feel free to give me those trump lies tfat you save in taxes since 2017. And believe me, if kamala wins enjoy your higher tax bracket fool.

[@Kyle-ss1zt]

@@toastmastr9763 Trump is the first president I have ever seen that actually fulfilled his campaign promises. You can keep saying your unsubstantiated theories but that will not make them true.

[@roxannegonzales2237]

This was great, it was clear as day when I reviewed Trump’s policies compared to Kamala’s which was going to be better for my family ❤️❤️❤️

[@pattyh731]

A big NO to paying tax on unrealized gains. No tax on social security if that is your only source of income. Thanks for your informative video. I'm your newest subscriber.

[@possum3238]

Social security shouldn’t be taxed whether its your only source of income or not, no retirement should be.

[@TheTerryscotttaylor]

unrealized gains taxation would remove one of the few true wealth building tools your average person has left at all. It's an insane idea, without a sale, there are no gains because the until the security is sold it has no price. Meaning (for anyone that thinks I'm talking crazy here) that a stock does not have a price until someone agrees to buy it for some price. Generally the markets are huge so we talk about 'prices' that are aggregates of multiple transactions as if the thing has a price or value. It has no value until it's sold, and that's when its value is established. It's less like a grocery store and more like a flea market, it's worth what you can sell it for and the buyer decides on that price. If there is no buyer at your price you can't liquidate that asset. So without a sale, you have a security with no value, so there's nothing to tax. This is because if you follow daily closing price, you also have to allow for unrealized loss refunds. I do not think the plan will include them paying investors for their losses at all, they'll only take from one side of it. It's a bad idea, and stocks are not something that only Warren Buffett has, we all have access to them. Anyone with an IRA or 401k likely has equity investments.

[@Lissa1988]

​@@TheTerryscotttaylorthe tax only applies to those with wealth over $100 million so it will likely never apply to the average taxpayer.

[@Delilaza18]

@@Lissa1988it’s like these viewers are ignoring the limits in which any of these taxes would kick in, which is only to the ultra rich, not the average American

[@oldmanemptyhouse7659]

​@@Delilaza18you do realize that's how all these taxes started in the first place ? They were all rolled out saying they were for the ultra rich. Now me a old disabled guy is getting taxed on his Social Security that I payed into for over 40 years.

[@Doitforscoobysnack]

Can we please make this go viral! This is very important information

[@mgarc1960]

Based on Trump's time in office, was better than it is today. I paid less taxes under Trump compared to the Present administration.

[@boy69m]

Trump tax plan was for 8 years we all paid under Trump tax plan tell December 31 2025 ends what happened was inflation hit the American people because Biden gave out trillions of dollars out to foreign countries and Covid. Illegal Aliens money. And billions was giving out to democratic institutions. That’s why we had inflation government spending. And no new taxes was introduced.

[@cassiewatson6308]

@@mgarc1960 Me too! It's like the whole country has amnesia. It seems no one can remember, or were even aware of the great shape we were in when was Trump in office. All they can remember was the media hysteria & propaganda about him.

[@Unknown888US]

@@cassiewatson6308 when he gave us those extra tax breaks during Covid it was put in place it was to stimulate the economy, but it was short term and we were going to get hit for those deductions. Prior years before Trump the taxes was better under Obama.

[@AdmoreMethod]

@@cassiewatson6308It’s called MKUltra. It was conceived by Big Brother and perpetrated by Big Tech and Big Media. That’s why we’re fighting so hard to wake people up, before it’s too late.

[@littlemissymissy9507]

Ofcourse Obama did do a great Job when he handed it to Trump didn't he 👍

[@shawncoleman9067]

Thank you we need more videos like your just straight facts no bias to help us make informed decisions come election time. God bless and keep up the good work!!!

[@karenkelley3537]

Too bad he didn't mention that she has done nothing the last 4 years. But now she is going to do something? She had 4 years to prove that she was for the USA. Compare it to what Trump's 4 years were like. We were blessed back then. I want to see more of Trump. 🙏

[@davidfleming3022]

I love how neutral amd matter-of-fact this is. Thank you!

[@TedWesterfield]

Unrealized capital gains tax??? Hell no!

[@j-emcee4420]

100 million net worth, sadly I'm not included in the unrealized gains thing lol

[@milo-qh7cv]

@@j-emcee4420 stop it you commie

[@josephjacob3274]

​@j-emcee4420 say that to retirees

[@KD_ux]

It’s only for people above 100 million net worth. So Jeff Bezo, Mark Z, And Elon.

[@aravchopra5974]

It will hurt the stock market and make everything go down, maybe even a recession

[@jorgecastrellon9760]

This guy just got to the point with facts without favoring one side The way it should be 💯

[@mellaneice]

Loooooove the way he broke this down!!❤❤❤

[@onlineversion]

Trump's is best for me.

[@PathtoYahawah]

I dislike anyone who is with big corporations period they are the ones who are destroying the world and he wants to give them breaks for their actions instead of penalizing them. I agree with most of what he says when it comes to marriage and sex and guns but all the other stuff is nonsense and against the medium class.

[@mariamorales81]

I don’t believe him. He has not demonstrated locality to anyone but himself.

[@Ye-tf9im]

@@mariamorales81open your mind he literally made nato pay their fair share of paying like Germany. People talking about he’s only for himself like politicians don’t go into congress broke then somehow millionaires lol. Americans are braindead

[@jansSundews]

I'm a CPA too. I believe that the Kamala tax plan will be only good for the beginning. But if you're looking for a continuous or sustainable tax plan? The Trump tax plan is very much on it.

[@SandyJ4321]

Thank you for your input.

[@AdmoreMethod]

I think it would only be good in the beginning - like the Student Loan forgiveness was good in the beginning - or, the $700 to the victims in Lahaina and $750 to the victims in North Carolina was good in the beginning - IF those people could even GET the assistance they were promised.

[@justified004]

One issue i have with the Trump plan is the idea of universal tariffs. That's a scary thought when you realize the amount of good we import. That means the consumer would inevitably foot the bill when the prices go up cars, clothing, food, electronics, and other good brought in from overseas. I know the goal is to have more things made in the US, but we don't/can't make everything. Also, companies can move the production of these items here overnight, so prices will go up in the beginning.

[@dustin802]

it won't be good in beginning at all. it's like the stimulus checks. We paid for those checks with our own money with high interest. Nothing is free.

[@charitosantiagoisready4fun312]

Thank you so much. That's what I'm thinking too. I'm retired now but have worked a lot of OT. I wish Trump was my president then. I will definitely vote Trump/Vance2024 ❤❤❤

[@rinnero307]

Every American should watch this video. Great job Sherman!

[@tinku1224]

One of the best videos during the voting season. We need more non-partisan content to educate America. Thank you 🖖🏾

[@kenneththomas415]

Trump's tax plan would benefit me and my family more.

[@JeffreyLewan]

Sorry you are so misinformed

[@SquirtlePower809]

Same!! Trump is fantastic in every way!! And this is why I have officially switched to republican for this election!

[@SquirtlePower809]

​@JeffreyLewan uhhhh so you are claiming this person is misinformed about their OWN FAMILY? lmao! The audacity! So excited to vote for Trump!! Gotta save America from the DISASTROUS Harris administration that has destroyed our nation over the last 4 years.

[@MrSingh1150]

​@JeffreyLewan look it's a liberal idiot with that same word misinformation

[@jcindahouse]

@@JeffreyLewanyou seem to be the misinformed one here!

[@carterpritchard5063]

Not having to pay taxes on my overtime would be huge.

[@jesse_-]

Not going to happen, so do t get your hopes up. It up to congress, not the president.

[@JuliusTurner-hm6ff]

Not voting for men or women to go live in mansions and make rules for us like little babies, while we struggle to pay for eggs would be better.

[@richngo8585]

@@JuliusTurner-hm6ff You not being apart of this country would be even better.

[@Emerica771]

@@JuliusTurner-hm6ffwhat a child like mentality.

[@PathtoYahawah]

Would never happen.

[@jonathanboudreaux2789]

Let me say I appreciate your analytical approach to just giving out the facts. Thank you for breaking it down.

[@victoriab9405]

I loved the unbiased explanation ❤

[@ricardobarrios1094]

This was one of the most educational and non biased videos I have ever seen. 💪🏾💪🏾💪🏾💪🏾

[@benanderson8328]

I already own a home, have no children, and regularly work overtime. So Trump's plan works best for me it seems.

[@Mistah_J-w4i]

Read project 2025. they want overtime to be paid like regular time.

[@davidcrawford6505]

​@Mistah_J-w4i Trump does not support or endorse Project 2025. I'm sure you know that and are here to spread the Democrats lie.

[@Tino_Da_Queen]

😄 it says if you’re stupid. You’ll be deported

[@5piraldown]

​@@Mistah_J-w4ibro get with it project 2025 is not happening he is not associated with that

[@jewelofnashville1726]

​@Mistah_J-w4i stop being a fool listening to talking points from MSNBC n CNN. Think 4 urself bruh!

[@franklindorrell4755]

I am going to do everything I can to share and spread your channel because this is what our nation needs in this climate. The toxic, childish actions from both sides needs to stop. Thank for doing the right thing.

[@BeAHappyCamper2Day]

The Blaze , America's Voice ,The First , The Next News Network , Redacted and Benny Johnson are bias. I just know that we are 36 trillion in debt and still bringing in 15k or more a day and giving them everything free including 2-10 gran to welcome them.

[@ccampbell7214]

Agreed

[@designhub360customapparel]

I appreciate you for breaking this down 30 minutes before I go to the polls. I kept wondering how Kamala Harris helped me as a current business owner because I don't need the tax pre-write out because I'm already been in business for the last four years.

[@juliusm5908]

Taxes on unrealized capital gains is a highway for our country to become Venezuela... Everyone should watch this video.

[@MywindfallOffers]

You forgot price control of goods and services she is propsing, it will be a freeway to Venezuela.

[@juliusm5908]

@MywindfallOffers yep, once the government steps in to control the "price gouging" that's free fall... I can't believe people consider what she says as an option. Then you have Obama scoulding to the "brothas" to vote for her.

[@SquirtlePower809]

Yup!! She is LITERALLY creating a socialist plan disguised as "opportunity" economy. It is HORRIFYING!

[@firefighter9901]

Trumps plan on overtime will be huge as a firefighter that works 60+ hours a week that will be a huge increase in my paycheck

[@browser37]

I’m a truck driver, I have this same sentiment

[@jlawson26]

Trump

[@caleblancaster5471]

I like the idea for sure (I’m always in favor of cutting taxes for anyone and everyone), but our government is going to have to reduce spending or we’re going to have a big problem eventually.

[@dontepenn]

Work? As a fire fighter 😂. You mean you sit around and watch KZbin and sleep for 45 hours a week then might do respond to a few medical calls or accidents the other 15 hours 😅

[@firefighter9901]

@@dontepenn sure man whatever

[@graywolf4696]

Without a doubt, Trump. My financial life was WAY better under Trump's administration then the last 4 years. It's not even close.

[@christinajones7696]

Your life was better due to Obama’s economy that was left to Trump. So your thanks should go to Obama and not Trump.

[@bobrivett7645]

Absolutely

[@CosmicalChrist]

​@@christinajones7696 That's actually not true. The economy was growing at 1.2% under Obama and increased to 3% under trump. So yeah, you're spreading disinformation

[@chadroberts7279]

Until the last couple years, I have always gotten money back at tax time. What does that tell you?

[@chadroberts7279]

⁠I don’t recall Obama being on the ballot or in this video.

[@StrategicMom]

This is amazing! Thank you so much for starting and sharing your youtube channel to the world!!

[@sullysullivan4448]

Taxing unrealized capital gains is insane

[@dannygreen7473]

Mark's schism.

[@logangodofcandy]

Most taxes are insane.

[@DaMullutKid]

Not really that crazy, only affects you if you make 10s of millions of dollars

[@GMbowtie350]

@@DaMullutKidYou do realize it affects the housing market too. Say you bought a house for $200K in the last 10 years. Now since all the increase in housing prices say it now is valued at $400K, which is extremely plausible at this point. Now you’re being taxed an extra 25% on $200K worth of equity you haven’t cashed in. That’s $50K. You’re remedial if you think it only affects the ultra wealthy.

[@seanostriker1660]

@@DaMullutKidno it effects everyone. Plan on investing in the stock market for retirement ever? Good luck the market will crash and growth will Be painfully slow

[@bln0046]

Trumps plan helps majority of Americans

[@RealVegan29]

Truth

[@cavamom]

Well researched and factual video. If only we could get this type of content from our mainstream media. You have a new subscriber.

[@AdmoreMethod]

Big Media was originally designed, devised and implemented by the CIA in order to brainwash and control the masses - and, it worked pretty well until someone came into office and spilled the beans. Now, we see it for what it is: FAKE.

[@nicholasboscaino6262]

Great Video. He did a great job of being impartial but I can tell who he's voting for and that he's a student of history when he said "there's no telling if they'll implement unrealized cap gain tax on us" once they set that precedent. Can you say "property tax?" Really really great video. Trust me America, you don't want to let them tax anyone, even the ultra-rich on the value of their nonliquid assets! MAGA 2024!!! God be with us.

[@usarmy6005]

*Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*

[@olivialopez4163]

Waking up every 14th of each month to $210,000 it’s a blessing to I and my family… Big gratitude to Lisa Annette Robinson 🙌

[@meridithjurney6162]

I'm favoured, $90K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,, all thanks to Ms Lisa Annette 😊🎉

[@lucaspedro4104]

Good day all👍🏻 from Australia 🇦🇺. I have read a lot of posts that people are very happy with the financial guidance she is giving them ! What way can I get to her exactly ?

[@ken__shanzy7534]

[@rexchizzy5628]

YES!!! That's exactly her name (Lisa Annette Robinson ) so many people have recommended highly about her and am just starting with her 😊from Brisbane Australia🇦🇺

[@edwardglatzmayer5466]

Everyone needs to share this with friends and family.

[@Grapevine-l8n]

You forget to mention that a hike in corporate taxes will also cause prices of goods to rise. Corporations will just pass that tax on to the consumer, similar to the tariffs.

[@ruffles2967]

I get confused when people are against Trump's plan to increase tariffs, but then support Kamala's increased corporate tax. Both have similar effects, except higher tariffs would lead to more jobs in the US while higher corporate tax would lead to less jobs. I'm no expert so unless I'm way off on that, I like Trump's plan better

[@SOAP-jf7ue]

​@ruffles2967 No, your understanding is accurate.

[@Dreadfaith]

You will never be able to tax the wealthy or corporate more because most of them own business and always just raise there prices and you always pay.

[@ThomasEWalker]

Mostly it just means they won't be buying back their own stock. Harris also wants to prosecute companies for price gouging - and since that is literally HALF the cause of our inflation since CoVid, I'm all for it. Corporate greed has been totally out of control.

[@9erfanatic1]

@@ruffles2967100%

[@brendapettus9208]

Thank you so much. Your presentation was clear and concise, graspable by someone with NO background in the subject. I appreciate the time and effort you put into this video.

[@rafe496]

Wish this were aired on major networks. Unrealized capital gains tax is a resounding nope for me (and for anyone who invests). Great vid my friend.

[@timabad8146]

You have over 100 million? That’s awesome

[@choco.es.unlimited]

If you own a home you're already paying on unrealized gains in the form of property taxes

[@johnsjohnson]

​@@choco.es.unlimited exactly, so why would i be okay with MORE unrealized gains taxes?

[@Lovetravel7889]

@@timabad8146 when you add your house, car, and accounts, it's possible.

[@Imzadi]

@@timabad8146the concern is “the can of worms” theory. They will keep lowering the bar from 100 million, to 50, million, 25 million…

[@b_Loopy]

After watching this video, I’m voting for Trump

[@SquirtlePower809]

Yes!!! Thank you!! Ugh I wish more people would pay attention to things like this! Trumps economic plans in general is sooooo much better than Kamala. Literally what she is proposing is a socialist redistribution of wealth, aka socialism, disguised as an "opportunity" economy (except it DOESN'T CREATE ANY OPPORTUNITIES!). Trumps plans truly benefit the average American, small businesses, AND the wealthy-- it works for all! And he is incentivizing companies to manufacture and work IN AMERICA instead of going overseas and also incentives to hire Americans over foreigners! I could go issue by issue and show how his approach is just SO MUCH better than Kamalas. In fact, we already know her plans because we have suffered under them for 4 years. She VERBATIM has said in her last two interviews that she wouldn't do anything differently from her time with Biden.... she is a female Biden and actually has even worse ideas!!

[@Creative_Spirit_ab]

That's awesome! ❤Did this video change your mind?

[@allisonwilliams1444]

Just don’t make a choice from this only please educate yourself on project 2025.

[@allisonwilliams1444]

White Christian nationalist is what Trump wants this country to be meaning getting rid of all people of color

[@SquirtlePower809]

@allisonwilliams1444 it's not a real thing. Please stop with the scare tactics. It is incredibly unethical and dishonest. NO ONE is supporting or involved with that stupid set of documents made by 2 random guys from a thinktank. Yall act like this is some plan that Trump invented lol!! STOP! Trump is incredible!! And I'm so ashamed the media had me so brainwashed against him for so long (like a lot of black folks), but fortunately through the grace of God we are WAKING UP!! BLACK LIVES MAGA 2024 🇺🇸 TRUMP FOR AMERICA 🇺🇸

[@717273mopar]

No to unrealized Capital Gains, because eventually they will make it go into effect all capital gains weather you are wealthy or not. Great Video, thanks.

[@irener1111]

This is one of the best videos I have seen. You explained this so clearly I was actually able to understand it. Based on your info, I chose right for my situation

[@flexking570]

I like Trump tax plans because when he was in office I saved a lot of money and now I live paycheck to paycheck

[@losangelespolitics5481]

💀💀💀💀💯 so facts I was balling back then

[@Tallnerdyguy]

Trump tax plans are still in effect. Until 2025. Not Joe biden. Blame the right person

[@raycapetillo5569]

28% more taxes on corporations = 28% more on goods/services purchased by me. Extremely thoughtful video and well put together with precise bullet points. Earned my subscription.

[@Cindy-gj7ge]

FIRST GENERATION HOMEBUYERS, NOT FIRST TIME HOMEBUYERS....that's a significant difference.

[@jenniferburrough8392]

Immigrants

[@sandraware8862]

kamala looks after immigrants or illegals more than the citizens.

[@tipresource]

Yup!! Words matter…listen to what is actually said…why wouldn’t Kamala help all first time homebuyers.

[@markuhler2664]

What is the definition of a first generation home buyer and how would that term be enforced? That's the linchpin for this proposal.

[@myartworkchannel]

I believe it means: first to buy a house in your family. If your parents or grandparents had a house, you don’t count. Like first generation college student​@@markuhler2664

[@PatamaGomutbutra]

The most important reason I do not like Harris plan is 25k incentives- and we need high interest to bring home prices down

[@tylerwehner]

The idea that 25k will help people buy houses is preposterous. The impact of that money on home prices will be much more significant and people will wind up further away.

[@DianasReviews]

Forgot to mention that if your parents own a home you do not qualify for the $25k down payment assistance. It’s basically for illegal or new migrants will receive this benefit and no one else…

[@grantbarnett8113]

@@DianasReviews the thing that really concerns me is Kamala was well known by these same illegal aliens way before Biden was in office. If Cheney likes Kamala now I think that says enough considering he was the ceo of the company that was contracted out to do basically everything during the Middle East conflicts

[@I321Oo]

And the 10 trillion dollar conglomerate backing them have already purchased over 30% so far of all the single family homes across the country. As well as businesses where they are running monopolies. (With the assistance of lower courts with Dem appointed cooporative judges) At some point this leads to all $ going straight into the top 1%. They already achieved the largest shift in funds in history this past term, over 4 trillion during the bug (as well as violating the entire bill of rights but the 2nd amndment)

[@Chrisleeofficial._]

Not to mention taxes

[@williamgonzalaez229]

I believe by first generation they mean the immigrants coming in. Trust me

[@beatrixkiddo3867]

Excellent video. This needs to go viral. So many people are voting with no understanding of this.

[@YoPhocFays]

The first time home buyer credit screwed me when Obama did it back post 2008. The houses went up the 10k on average. When the credit ended, the house price went down.

[@HENSLEYDMB]

Liberal policy tends to do that. Kamala 0lan of unrealized gains tax is one of the stupidest ideas government could come up with. Only a politician would think that is a good idea.

[@stinkycheese804]

Exactly, it just encourages higher home prices but especially, perpetuates the problem that builders are mostly interested in building high-mid to high end homes, not what the majority of home buyers need, and not what all the immigrants we're letting in, need. If we let them in and then there is nowhere for them to live, who thought that was a good idea?

[@YoPhocFays]

@stinkycheese804 apparently Biden and Harris thought it would be a great idea to open the flood gates at the border

[@YoPhocFays]

@stinkycheese804 yup and it was just a 10k tax credit. It wasn't like I got 10k refunded during tax season. It just lowered my taxable income by 10k. Overall, I ended up getting ~2k more with my tax refund. I would've benefitted more if the federal government just stayed out of the housing market

[@Uiopuiop123]

I got the 2008 homebuyer tax credit and am still mad about having to pay it back. Had I know I could have waited until 2009 to claim it and not had to pay it back, I definitely would have waited. Still mad about that! Uurrghhh!

[@KevinAnderson15]

Absolutely would not want to pay unrealized capital gains tax. That is robbery.

[@KillaCowboy]

Taxing unrealised capital gains is diabolical! How are you gonna tax my net worth and not my actual income?

[@sebastienriou6603]

must be nice to have a $100 million mansion, I'm jealous :(

[@LoveThatHomeDecor]

@@sebastienriou6603that’s what’s wrong with you people. Jealousy. You want what other people have and you want your government to take it from others and hand it to you. Even if your government takes it from others, you’ll never actually see it because the government is notorious for blowing their spending budget. They never have enough and it sounds the same for you.

[@sebastienriou6603]

@@LoveThatHomeDecor I was joking, I am not going to steal your mansion dw

[@KillaCowboy]

@@sebastienriou6603 lolol wouldn't have the 100mil mansion for long if that tax plan is implemented. Alot of ppl aren't looking at the implications of it though cuz it's like who feels bad for the multi millionaire. But when he has to pay more taxes and has to sell his assets to pay those taxes then ppl get laid off.. It's a trickle affect.

[@cruz8755]

@@KillaCowboyexactly, the “eat the rich crowd” aren’t very forward thinking. If they work in the private sector, their checks are being signed by one of those “filthy 1 percenters”. I also find it funny that a lot of that same crowd believes the majority of the 1% in this country are born into wealth. That’s just false. The vast majority of the top in the country worked for what they have. Utilizing discipline that the “eat the rich crowd” will never have.

[@travelfun911]

Thank you. This was very informative. I wish the news media would understand this is what the people want to see.

[@DavidPeterson.]

Tax on unrealized cap. gains is psychotic. Once that’s turned on it won’t ever come off.

[@WILFRED1184]

Not only that, but if those assets depreciate, there is no way in hell the government is going to give that money back.

[@quintman15]

That tax will break our economy, and hurt everyone. Investments are currently the the most accessible way for the average person to protect their purchasing power in an inflationary economy, so when you incentives those with the largest market stakes (and the greatest income mobility) to pull out of the market, everyone else has to pay the price

[@Mr16andy16]

No one watching this has over 100 million in principle investments. Else wise, u wouldn’t be watching this channel and have actual accountants advising u..

[@buzzerking]

That bracket doesn't and won't ever apply to you.

[@BradSabako]

@@quintman15 I hate this proposal, but it doesn't effect us normal people. It's only for people with $100 M in net worth.

[@harryosborne8215]

Here’s the biggest problem with the “plan” of the empty pants-suit. If homebuyers are being given 25K, regardless of how, the price of all homes will go up by 25K to compensate.