Tax expert Greg Porcaro, CPA and Principal of Otrando, Porcaro & Associates, joins Rob to discuss a popular current topic: Proposed tax changes. Essentially, the proposed income tax increase would fund numerous “family-centric” programs. But – is that true? And what’s the likelihood that these changes will pass? Should you sell your investments and realize capital gains now? The duo breaks down the basics, answer these questions and also share another important proposed change that would affect the privacy of your banking data.
- Proposed tax plan – will it be scaled back? Will it pass?
- Family-centric programs that raised income tax rates would fund
- Should you sell investments to avoid potential capital gains tax increases?
- Your banking transaction privacy and how that might change
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. While our best intentions are to provide accurate and timely information, you should always consult with retirement, tax, and legal professionals prior to taking any action.