Joe Biden Tax Plan Explained - How It Affects Average Americans & Families - How To Win!

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  • เผยแพร่เมื่อ 27 ก.ย. 2024
  • In this video, I explain how the Joe Biden tax plan will affect the average American family. If you have kids, student loan debt, or thinking about buying a home, make sure you check this out! I provide some tips on how to win with this plan also! Enjoy!
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    #bidentaxplan #biden2020taxes #biden2020
    DISCLAIMER: I am not a CFP, CPA, attorney, insurance agent, mortgage broker, or financial advisor. These videos are for educational purposes only and I am merely sharing my opinion and experiences. Please do your own research or consult a professional!
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ความคิดเห็น • 33

  • @carlosbarriga5258
    @carlosbarriga5258 3 ปีที่แล้ว +5

    Thank you bro...much blessings...nice post

  • @lynninfinite
    @lynninfinite 3 ปีที่แล้ว +5

    People can still become everyday millionaires without making 400k a year :) it’s all about what you save & invest, not how much you make! His tax plans don’t affect me... yet? I do plan on making more money as my career progresses but who knows, maybe I’ll retire at 200k salary? I think anyone who makes 400k a year has good accountants and tax people.

    • @MillennialFinance101
      @MillennialFinance101  3 ปีที่แล้ว +1

      This is true. Investing is the most important thing. Saving is just a prerequisite for investing. Saving gets you no where! Ask me how I know!!

  • @loltoday4668
    @loltoday4668 3 ปีที่แล้ว +5

    Thank you Mihn

  • @jumpforjoywithmichael3901
    @jumpforjoywithmichael3901 3 ปีที่แล้ว +4

    I’m looking to buy another home in 2021. We’ll see how the home market is in the coming months. I just subscribed to your channel! 😀. Also, I like your jacket, I have the same one! 🤣

    • @MillennialFinance101
      @MillennialFinance101  3 ปีที่แล้ว +1

      Costco shopper alert hehe

    • @jumpforjoywithmichael3901
      @jumpforjoywithmichael3901 3 ปีที่แล้ว +1

      @@MillennialFinance101 You don't expect it, but I end up spending $100+ every time I visit Costco. They just have so many sales and interesting things I never thought I'd need. #CostcoForLife

    • @MillennialFinance101
      @MillennialFinance101  3 ปีที่แล้ว +1

      Spent 156 last night hehe

  • @andrewmao4809
    @andrewmao4809 3 ปีที่แล้ว +5

    10,000, that's it? For the quality of education received they should eliminate all student debt. They bailed out a lot of top corporations with low or zero interest loans in 2008 and forgave the Cares Act PPP loans. It all seems like free money framed as "loans". Most CEO's that sit on top of these companies and boards are all older Baby Boomers, and they are still getting paid huge salaries. It's time for us Millennials to get our bailouts too. Social Security might not even be around when we get old and all we will have to rely on is our own assets.

    • @MillennialFinance101
      @MillennialFinance101  3 ปีที่แล้ว +2

      I agree!! I definitely need a bailout. I'll take anything lol.

  • @jenniedomaoal4819
    @jenniedomaoal4819 3 ปีที่แล้ว +4

    Hello! Is the first time home buyer credit applied for year 2018? I bought my house in California but I don’t think I got the credit.

    • @MillennialFinance101
      @MillennialFinance101  3 ปีที่แล้ว +4

      No there was none during the trump tax plan. California does not have any as far as I’m aware! Sorry!

  • @haileysivongxay7680
    @haileysivongxay7680 3 ปีที่แล้ว +3

    Joe Biden is very old.🤖

  • @lynninfinite
    @lynninfinite 3 ปีที่แล้ว +4

    I paid off my student loans already, it’s actually been over a year and I would be really happy if 10k got forgiven for everyone else. I would not be bitter or sour :) it would help the average American with student debt!

    • @MillennialFinance101
      @MillennialFinance101  3 ปีที่แล้ว

      Awww lol well one less thing to worry about! Onto wealth building!

  • @quinnbi8716
    @quinnbi8716 3 ปีที่แล้ว +5

    As always, lots of great information. Thank you!

  • @lynninfinite
    @lynninfinite 3 ปีที่แล้ว +5

    Looks like I might buy my first home in 2022!!! 😂😂

    • @MillennialFinance101
      @MillennialFinance101  3 ปีที่แล้ว +1

      Yeah! I forgot in the video but last time if you bought in December 2008, I think they still allowed the credit. So maybe next year!! Just watch the news and maybe c-span lol

  • @charizard_baller69
    @charizard_baller69 3 ปีที่แล้ว +5

    I bought a home in March this year, any credits that can apply to me?

  • @lynninfinite
    @lynninfinite 3 ปีที่แล้ว +2

    How much of his tax plans will even pass?? Doesn’t he need congress to pass it? Lol

    • @lynninfinite
      @lynninfinite 3 ปีที่แล้ว

      Ok, just got to 7 minutes of the video 😂😂

    • @MillennialFinance101
      @MillennialFinance101  3 ปีที่แล้ว +1

      Yeah time will tell what will pass. The housing credit is a ? Since housing seems to be booming right now. But then again how many are new home buyers vs existing or investors. I can imagine all the first timers having a hard time getting a home right now