Sept. 20, 2021

House Tax Proposal; Social Security

House Tax Proposal; Social Security

Chris and Jeff Perry discuss the House Tax Proposal and how it could affect personal finances, they cover – personal income, corporate income, capital gains, estates and gifts, cryptocurrency, and electric vehicle purchases. They also discuss Social...

Chris and Jeff Perry discuss the House Tax Proposal and how it could affect personal finances, they cover – personal income, corporate income, capital gains, estates and gifts, cryptocurrency, and electric vehicle purchases.

They also discuss Social Security. The good news is that the cost-of-living increase (COLA) for Social Security is expected to be 6.2% in 2021. The bad news is if nothing changes to Social Security there could be a significant decrease to benefits in 2034.