Wall Street Journal columnist and nationally-recognized financial expert, Jonathan Clements, discusses the tax consequences of President Obama’s State of the Union address. He made three specific proposals: increase the capital gains rate, ending the step-up in cost basis upon death (seemingly boring but Jonathan makes it kind of cool), and ending the tax-free treatment of college savings plans (which Obama has since discarded). While these proposals may not see the light of day due to Congressional gridlock and protective attitudes toward wealthy Americans, it is worthwhile to hear what Obama has in mind and what it means for us.
Guest: Jonathan Clements
Learn more at: Jonathan Clements Money Guide 2015
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