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 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.