Ep 122: Tax Cuts! A Good Deal or A Bitter Pill?
The 9Innings Podcast · Kevin Thompson, RICP®, CFP®
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Show Notes
In this episode of the 9innings Podcast, The Cost of Tax Cuts - Who Really Pays the Bill?", host Kevin Thompson, critically analyzes three bipartisan tax proposals: no tax on tips for service workers, no federal tax on the first $150,000 of income, and eliminating social security taxation. Kevin argues that while these proposals may seem beneficial, they could lead to negative outcomes such as increased deficits and reduced employer incentives to raise wages. He emphasizes the importance of understanding the long-term consequences and who ultimately bears the cost of these tax cuts.
No Tax on Tips (00:02:06)
No Federal Tax on First $150,000 of Income (00:04:40)
Eliminating Social Security Tax (00:08:04)
Conclusion and Final Thoughts (00:10:18)
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