The Inflation Reduction Act Proposed, Episode 24, Ron Cohen
This week Ron Cohen talks about: The proposed Inflation Reduction Act, Senator Sinema & the Manchin/Schumer Build Back Better Bill & The problem with multi-variable computations!
Follow up on last week’s podcast:
1) I may have been wrong! Corporate Welfare? The Student teaches the teacher!
2) Taiwan is 80 miles from the China coast…not 10 as I said.
Inflation Reduction Act proposal Show Notes:
Inflation Reduction Act – Draft Bill
https://www.documentcloud.org/documents/22122279-inflation-reduction-act-of-2022
Senate Finance Committee Report saying it raises taxes at low income levels:
https://www.finance.senate.gov/imo/media/doc/jct_distributional_effects_inflation_reduction_act.pdf
Deloitte Report:
https://www2.deloitte.com/content/dam/Deloitte/us/Documents/Tax/us-tax-taxnewsandviews-220729.pdf
Sen. Sinema may be on the fence?
https://www.vox.com/policy-and-politics/23282983/inflation-reduction-act-kyrsten-sinema-josh-gottheimer
Sen. Manchin does not answer the question:
https://www.cnn.com/2022/08/01/politics/kyrsten-sinema-democrats-big-week-for-biden-presidency/index.html
Please let us know if there are specific topics you’d like to hear about in future episodes.
Ron Cohen,
CPA, Partner at Greenstein, Rogoff, Olsen & Co., LLP CPAs & Advisors
Email: rcohen@groco.com
510.797.8661
Click here to listen to more from Ron.
Click here, then scroll down, to see Ron’s bio.
To receive GROCO’s free newsletter, click here.
Click here to learn more about Greenstein, Rogoff, Olsen & Co., LLP (GROCO.com) Advisors to the ultra-affluent.
IRS Has Good News for Real Estate Brokers
IRS Has Good News for Real Estate Brokers If you’re a real estate broker then you might be in for some very good news from the IRS. Yes, it’s rare that the IRS has good news for anyone. However, in this case, the news really is good, as long as you meet the requirements. The…
Consider the Taxes if You’re Buying in the Big Apple
Consider the Taxes if You’re Buying in the Big Apple The draw of the Big Apple: there’s nothing quite like it. There’s just something magical about the bright lights of New York City. But, unless you’re prepared to pay for it, then the city so nice they named it twice could be just a dream.…
Don’t Make These Costly Tax Mistakes
Don’t Make These Costly Tax Mistakes Everyone works to get paid. Money is important, no matter what you use it for. If you’re like most people you prefer to use your money how you want. That means you want to give as little money to the government as possible. Paying taxes is our civil duty…
These Tax Planning Tips Could Save You Big in Retirement
These Tax Planning Tips Could Save You Big in Retirement Is retirement on your radar? If it is then planning for taxes in retirement should be, too. Retirement often presents unexpected financial challenges. That’s why it’s so important to plan ahead. There are many steps to take when planning for retirement. Meeting with an experienced…