Episode: Inflation and Taxes with Garrett Watson
Inflation and Taxes with Garrett Watson
May 18, 2022
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 –
Episode Talking Points:
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?
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