{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Major Tax Changes Are Coming","description":"In today's episode Nicholas Olesen, CFP\u00ae, CPWA\u00ae shares key takeaways and insights from the most recent tax change proposal, the Treasury Department\u2019s \u201cGreen Book\u201d.  As expected for anyone paying attention to tax policy this year, there are a lot of changes coming in the near future regarding taxes, rates, and estate planning and the Administration just gave a fairly detailed glimpse of what it could look like. A few of the key takeaways covered are: Many changes are coming for those with taxable income over $400,000 Increase in the top marginal tax rate The common 1031 exchange could be repealed, greatly impacting those with investment real estate properties Long-term capital gains rates could double and the new rates could already be in effect S Corporations and Partnerships could lose a valuable tax advantage No longer a step-up in basis for assets at death Gift and death could now be treated as a realization event, causing income to recipient You can find a transcript of today\u2019s show at: https:\/\/bit.ly\/359RBlJ Please send us feedback and any topic or questions you would like us to cover.  Email us at: nolesen@kathmere.com    ","author_name":"A Wealth of Advice","author_url":"http:\/\/kathmere.libsyn.com\/website","html":"