051. Diving into the One Big Beautiful Bill
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051. Diving into the One Big Beautiful Bill
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Barry Watts and Matt Dean discuss the "big, beautiful Bill" tax legislation signed by President Trump. The bill maintains current tax brackets (10% to 37%) and a 21% corporate tax rate. It extends tax cuts permanently, although long-term tax rates may rise due to debt. The bill also preserves the qualified business income deduction for small businesses and capital gains rates. It allows a $10,000 deduction for new American-made car purchases and increases the estate tax exemption to $15 million per person, indexed to inflation. Trusts are recommended for estate planning, especially in second marriages or to protect assets from in-laws.
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Be sure to listen to Watts on Wealth with Barry Watts every Sunday at 8:30am on Springfield’s Talk 104.1 FM
- 051. Diving into the One Big Beautiful Bill -
“Thank you for Listening” - J. Barry Watts
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