ER Doc Advisor - Financial Planning & Taxes for Emergency Physicians

EP 51: Get Ready! Biden’s Tax Proposal Is Out!

You aren’t going to want to miss this! Changes are afoot when it comes to our tax code. And very few of the major taxing areas go untouched by Biden’s proposal. We’re talking tax brackets, capital gains, the S Corp vs C Corp decision, and even the beloved backdoor Roth conversion. Ironically, ER Docs are right on the fence of these modifications being beneficial… or detrimental.

So in this episode, we provide a high-level overview of all the talking points you should be aware of.


Topics Discussed:     
  • Why you should be aware of crypto.
  • What the biggest change is with the new tax proposal.
  • What employment taxes are.
  • How this has impacted C Corps and S Corps.
  • What a Roth IRA is and how the new proposal will change this.
Resources Mentioned:

ERdocadvisor.com  

Tags

planning, financial planning, ER doctor, doctors, taxes, finances, savings