
Inflation & Taxes – Tom Wheelwright & Garrett Watson – WealthAbility for CPAs #74

WealthAbility for CPAs #74 – Discover how surging inflation impacts taxes, and tax strategies. CPAs will hear what steps they can take today to help their clients combat inflation. In this episode, Garrett Watson joins Tom to discuss the impacts of policies and rising interest rates, and how they play a role in the future of your investments and even your well-being.
Pre-order Tom’s new book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com
00:00 – Intro
02:29 - How Should Inflation Be Viewed As A Tax?
04:30 - Can The Fed Halt Runaway Inflation?
06:36 - Will Raising Taxes On Billionaires Combat Inflation?
08:29 - How Is It Advantageous For The Middle Class To Pay Higher Taxes?
10:28 - Will Asset Prices Follow Commodity Prices?
12:23 - How Can CPAs Help Clients Combat Inflation?
15:44 - How Is Federal Tax Policy Disconnected From State Tax Policies?
22:14 - How Does Inflation Impact Estate Planning?
Looking for more on Garrett Watson?
Twitter: https://twitter.com/gs_watson
LinkedIn: https://www.linkedin.com/in/garrett-watson
Website: https://taxfoundation.org/staff/garrett-watson/
Tom Wheelwright, #CPA is a Best-Selling Author, Entrepreneur & Worldwide Authority on Tax. https://wealthability.com/tom/
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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.
