CW 463 – Ashlea Ebeling – Reducing Your Capital Gains & State Taxes with Attorney and Associate Editor at Forbes
01/10/15 • 47 min
In Jason's Creating Wealth intro he talks about how cool it would be to ride in a self-driving car to get to his Meet the Masters event in California. He also talks about oil being the next big thing in the United States and why real estate is still the best asset to obtain when the economy is experiencing inflation, deflation, or stagnation.
Jason's guest today, Ashlea Ebeling, is a Forbes editor and has fantastic insight into the different tax situations happening across the United States. Ashlea talks about state, federal, and income tax on the show. She also shares insight about what you can do to reduce your state taxes, where not to die, capital gains, and more.
Key Takeaways:
5:10 – Oil may be the next economic boost for the US.
9:30 – The three basic economic scenarios are inflation, deflation, and stagnation.
11:50 – The central bank is getting ready to raise their interest rates.
17:18 – High rise condos are not good from an investment point of view.
20:34 – Gen Y are coming of age to be able to rent property and combine that with student loan debt that there will be a lot more people renting homes instead of purchasing them in the next 10 years.
24:10 – Should Jason host two or three episodes a week? Let him know!
25:22 – How do we get to more than 100% in tax? Ashlea explains.
30:50 – How do you get around state taxes? There are four ways you can do this.
34:20 – New Jersey and Maryland have both state and inheritance taxes.
38:21 – Jason is not a fan of Roth IRA, but Ashlea is for it.
43:10 – Ashlea says that there are a lot of new tax law changes happening right now that people need to pay attention to.
Mentioned In This Episode:
http://www.forbes.com/sites/ashleaebeling/2014/09/11/where-not-to-die-in-2015/
In Jason's Creating Wealth intro he talks about how cool it would be to ride in a self-driving car to get to his Meet the Masters event in California. He also talks about oil being the next big thing in the United States and why real estate is still the best asset to obtain when the economy is experiencing inflation, deflation, or stagnation.
Jason's guest today, Ashlea Ebeling, is a Forbes editor and has fantastic insight into the different tax situations happening across the United States. Ashlea talks about state, federal, and income tax on the show. She also shares insight about what you can do to reduce your state taxes, where not to die, capital gains, and more.
Key Takeaways:
5:10 – Oil may be the next economic boost for the US.
9:30 – The three basic economic scenarios are inflation, deflation, and stagnation.
11:50 – The central bank is getting ready to raise their interest rates.
17:18 – High rise condos are not good from an investment point of view.
20:34 – Gen Y are coming of age to be able to rent property and combine that with student loan debt that there will be a lot more people renting homes instead of purchasing them in the next 10 years.
24:10 – Should Jason host two or three episodes a week? Let him know!
25:22 – How do we get to more than 100% in tax? Ashlea explains.
30:50 – How do you get around state taxes? There are four ways you can do this.
34:20 – New Jersey and Maryland have both state and inheritance taxes.
38:21 – Jason is not a fan of Roth IRA, but Ashlea is for it.
43:10 – Ashlea says that there are a lot of new tax law changes happening right now that people need to pay attention to.
Mentioned In This Episode:
http://www.forbes.com/sites/ashleaebeling/2014/09/11/where-not-to-die-in-2015/
Previous Episode
CW 462 – Mark Meckler – Legislation Through Regulation & Self-Governance with Co-Founder of the Tea Party
In Jason's Creating Wealth introduction, he touches on a variety of subjects he wants his listeners to look out for. He first talks about the predictions he got right and wrong over the years and shares his thoughts on Cuba becoming more friendly. He also talks about Elon Musk's divorce and how much his ex-wife will be getting in settlement money. Today's Creating Wealth guest is Mark Meckler. He co-founded the Tea Party Patriots and is also an author. On the show, Mark talks about his organization, self-governance, and why people hate the Tea Party movement so much.
Key Takeaways:
2:15 – Jason talks about the predictions he was right about.
8:10 – Jason shares his thoughts on Cuba.
11:00 – Elon Musk is getting divorced..again.
17:30 – Jason warns you against con-artists and their tricks.
20:00 – Jason cautions against buying in Texas and North Dakota.
22:35 – The latest in self-driving technology might make other locations a lot more appealing.
24:30 – Jason introduces Mark Meckler.
26:30 – The Tea Party founded was in 2009.
28:45 – Why is the Tea Party hated so much?
40:45 – What is an amendment convention? Mark explains.
45:50 – Congress passes board enabling acts and the regulators actually do the legislating. Mark and others are working towards stopping this.
49:40 – Elections are not enough, but with that said, we still need to vote.
52:05 – Would Texas become the Hong Kong of the United States?
55:00 – Remember, the larger the government, the smaller the citizen.
Next Episode
Announcement from Jason Hartman
Hey, welcome to the Creating Wealth Show. This is your host, Jason Hartman, and this is just a quick announcement, not a normal episode. As you probably know, we had our big, annual Meet the Masters event this past weekend and we’re very busy with that. It’s just a wonderful event. I thank everybody so much for coming from as far away as Europe this time. In the past, we’ve had coming from parts all over the world, and it’s always very much appreciated when someone travels a long distance to come. So, Mark, thank you for coming from Europe to attend. And we had people from all over the country and it’s just a wonderful event. Everybody made such great contributions to the event so, we really appreciate that, as we will be back very soon with our regularly scheduled programming. So, we’ll talk to you in just a couple of days.
Thanks for listening to the Creating Wealth Show, and in the meantime, check out our website at www.JasonHartman.com for great properties and educational products, and of course, many, many other podcast episodes. Over 460 of them! Talk to you in a couple of days!
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